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Founded Year

2013

Stage

Corporate Minority - P2P - II | IPO

Total Raised

$2.547B

About Nubank

Nubank (NYSE: NU) operates as a digital neo-bank. It offers a variety of financial products and services, including a digital bank account, credit cards, loans, corporate cards, cell phone insurance, and more. It was founded in 2013 and is based in Sao Paulo, Brazil.

Headquarters Location

Rua Capote Valente, 39 Pinheiros

Sao Paulo, 05409-000,

Brazil

0800 608 6236

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Expert Collections containing Nubank

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Nubank is included in 5 Expert Collections, including Digital Banking.

D

Digital Banking

1,076 items

Companies and startups in this collection provide banking services to consumers and businesses, as well as enhance, automate, and/or digitize operations for banks and financial institutions.

F

Fintech 250

998 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

D

Digital Lending

2,168 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

C

Conference Exhibitors

5,302 items

F

Fintech

12,418 items

Excludes US-based companies

Latest Nubank News

Paxos Regulated Stablecoin Platform Reaches Five-Year Milestone, Has Issued $120B+ in Stablecoins

Sep 19, 2023

News provided by Share this article Share toX Blockchain infrastructure leader delivers five years of access to the world's safest, well-regulated digital dollars across offerings NEW YORK, Sept. 19, 2023 /PRNewswire/ --  Paxos , the leading provider of blockchain infrastructure for enterprises, celebrates the five-year anniversary of its regulated stablecoin platform. Over the past five years, the company has issued and redeemed more than $120 billion in USD-backed stablecoins across its offerings while setting the market standard for regulatory oversight. All Paxos stablecoins have been issued from the company's New York trust with prudential oversight from the New York State Department of Financial Services. Paxos debuted the first regulated, fully redeemable USD-backed token in 2018. In the five years since, the company has grown its tokenization capabilities into a suite of platform offerings that power stablecoin solutions for global enterprises like Mercado Libre and Mastercard. In August, Paxos launched PayPal USD (PYUSD) , now available to more than 100 million PayPal users and throughout the crypto ecosystem. By partnering with PayPal, Paxos is enabling a new level of adoption and utility that will define the next wave of stablecoin growth. Walter Hessert, Head of Strategy at Paxos, commented, "Stablecoins will become a trillion-dollar asset class as blockchain technology expands across the applications used everyday by consumers. The Paxos platform empowers our enterprise partners to enable payments, settlement, remittances and other real world use cases of stablecoins for hundreds of millions of end users. We offer the safety, security and oversight that enterprises need to enter this new frontier with confidence. Paxos has been instrumental in establishing and increasing the integrity of blockchain and digital asset markets by setting the standard for reserve disclosures and securing prudential regulation for each of its individual tokens. Moving forward, Paxos will continue to set the standard in stablecoin operations with robust consumer protections, frequent regulatory examinations, monthly independent attestations and monthly reserve reporting. This compliance-driven approach has proven indispensable to global brands like PayPal, Mastercard, Interactive Brokers, Mercado Libre, Nubank and others as they begin their journey into digital assets. Today, Paxos infrastructure powers more than 12 million active wallets globally through its enterprise partnerships. The Paxos stablecoin platform leverages Ethereum and will expand into multiple other blockchains as it helps to create a more open, accessible economy for all. Paxos stablecoins are always backed one-for-one by cash and cash equivalents, with all customer assets held in segregated accounts and protected from bankruptcy as a New York State regulated Trust company. Paxos stablecoins USDP and PYUSD are issued by Paxos Trust Company and regulated by the New York Department of Financial Services. Financial institutions around the world have adopted Paxos' scalable, interoperable institutional grade blockchain products, including white label stablecoins, digital asset-enabled wallets, custody and settlement solutions. With a strong balance sheet, prudential oversight and robust compliance programs, Paxos' blockchain infrastructure is tailor-made to serve the needs of sophisticated global enterprises with billions in assets and millions of customers to protect. For more information on Paxos please visit here . About Paxos Paxos  is the leading regulated blockchain infrastructure and tokenization platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way. Paxos partners with leading global enterprises to tokenize, custody, trade and settle assets. Its blockchain solutions are used by institutions like PayPal, Interactive Brokers, Mastercard, Mercado Libre, Nubank, Bank of America and Societe Generale. It is the issuer of numerous regulated digital assets including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG). Prudentially regulated by the NYDFS in the US and the MAS in Singapore, Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital and PayPal Ventures. With offices in New York, London and Singapore, Paxos takes a global approach to modernizing the financial system. SOURCE Paxos

Nubank Frequently Asked Questions (FAQ)

  • When was Nubank founded?

    Nubank was founded in 2013.

  • Where is Nubank's headquarters?

    Nubank's headquarters is located at Rua Capote Valente, 39, Sao Paulo.

  • What is Nubank's latest funding round?

    Nubank's latest funding round is Corporate Minority - P2P - II.

  • How much did Nubank raise?

    Nubank raised a total of $2.547B.

  • Who are the investors of Nubank?

    Investors of Nubank include SoftBank Latin America Fund, Berkshire Hathaway, Sequoia Capital, Absoluto Partners, Sands Capital and 27 more.

  • Who are Nubank's competitors?

    Competitors of Nubank include C6 Bank, Klar, Z1, Marco, Pier, Creditas, Fiinu, PicPay, Bnext, Albo and 26 more.

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  • Stalk the smart money
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Compare Nubank to Competitors

N
Neon

Neon operates as a financial technology payment platform. It offers services such as loans, investments, digital wallets, and digital account services. It facilitates banking services, savings products like personal financial management tools, and credit cards & loans to individuals and small businesses. The company was formerly known as ControlY. It was founded in 2016 and is based in Sao Paulo, Brazil.

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Uala

Uala provides a neo-bank and personal financial management mobile application. Its services include transferring money, paying bills, loading credit on prepaid cell phones and transport cards, and more. It facilitates digital financial service providers focused on the unbanked and underbanked. The company was founded in 2017 and is based in Buenos Aires, Argentina.

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Digio

Digio is a digital payment platform and online credit card created via a partnership between Bradesco and Banco do Brasil in 2016.

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Klar

Klar operates as a financial technology company facilitating deposit and credit services. It offers a mobile application and a debit card that allows users to control their money and avail the benefits of a credit card. The company was founded in 2019 and is based in Mexico City, Mexico.

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Bnext

Bnext offers a digital financial marketplace. Its users can find alternatives to their financing, investment, and savings needs. The company was founded in 2016 and is based in Madrid, Spain.

B
Banco Agibank

Agibank is a technology company that offers financial products and services. Its aim is to improve the daily lives of people through financial inclusion of the emerging social classes in Brazil, today precariously served or at the margin of the traditional banking system. Agibank has a differentiated value proposal focused on a business model structured through a highly scalable digital infrastructure.

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