Nubank is a digital bank that offers digital credit cards, transfers, and payments.
Nubank is a Brazilian neobank and the largest fintech bank in Latin America. Its headquarters are located in São Paulo, Brazil. The company also has engineering offices in Berlin, Germany, Buenos Aires, Argentina, and an office in Mexico City, Mexico.
In December 09, 2021, Nubank officially launched its public IPO offering on the NYSE, valuing the company at US$45 billion, making it the most valuable digital neobank
Among the company’s products are NuConta (a digital account), an international credit card, both without fees, personal loans, life insurance and investments. The company’s differentiating factor is to offer a credit card which is controlled completely through the means of a mobile app. The app allows its users to track transactions in real time, block their respective credit card, apply for a limit raise and contact customer support.
Some of Nubank’s investors are Sequoia Capital, Founders Fund, Kaszek Ventures, Tiger Global Management, Goldman Sachs, Berkshire Hathaway, QED Investors and DST Global.
Today, Nubank has over 35 million customers in Brazil and 38 million customers all over the world.
For Nucoin holders with a balance of at least R$100, Nubank is offering an option to convert their Nucoins into BTC or the USDC stablecoin.
According to the bill, the central bank of Brazil has control over crypto firms, while the CVM handles tokens that are securities.
Customers who receive the loyalty tokens will be able to decide how they want them to be used, with several options available.