Brazil’s Nubank reaches 70 million customers in Latin America

Nubank has reached the mark of 70 million customers in Latin America. According to a report on Monday, September 26, 66.4 million are in Brazil, up from 62.3 million at the end of the second quarter of this year.

The digital bank also said it has 3.2 million customers in Mexico and more than 400,000 in Colombia. Nubank is the external presence of “Nu Holdings Ltd,” an online banking and fintech company.

The company’s administrative headquarters are in São Paulo, Brazil, and its legal headquarters are in the Cayman Islands.

In an interview with Reuters, David Velez, president of the company, stated that the bank has the potential to triple its customer base in Brazil.

He also ruled out for the time being that Nubank will operate in regions other than Brazil, Mexico, and Colombia.

Among other products, Nubank stated that its cryptocurrency exchange, available to customers in Brazil since late July, has registered more than 1.8 million customers who have made at least one cryptocurrency purchase through the bank’s app.

With information from Latina Press

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