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Nubank CEO dishes on the neobank’s profit surge and how tourist VCs in LatAm have gone home
This week, we talked to David Vélez, the co-founder and CEO of Nubank, the $50 billion São Paulo, Brazil-based digital bank.
Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, we talked to David Vélez, the co-founder and CEO of Nubank, the $50 billion São Paulo, Brazil-based digital bank that offers credit cards, checking accounts and life insurance to consumers. How Nubank has managed to increase its market cap by over 40% in eight months’ time and post $1 billion in net profit for 2023.
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