Nubank is the largest digital bank in the world by number of customers and the fourth-most valuable financial institution in Latin America.
• Founded: 2013
• Founders: David Véle, Cristina Junqueira, American Edward Wible
• Headquarters: Sao Paulo, Brazil
• Services Provided: Digital banking
• Est. Number of employees: 4500
• Website: nubank.com.br
Nubank began offering a digital life insurance product in 2021 for R$9 per month providing coverage for accident hospitalization, total or partial disability due to accidents and funeral assistance for family members.
The company started to roll out lending features in 2019 and is now looking to expand that segment. Users can request personal loans in a completely digital way and pay the loan in up to 24 installments, with interest ranging between 2 and 5% per month.
In April 2021 the company started testing its first products aimed at investments. The move follows the company’s acquisition of company Easynvest in 2020.
Nubank is starting to experiment with business banking and now offers business accounts to its customers with no maintenance fees and specialized debit cards for business owners.