Brazilian financial technology start-up Nubank now has 15 million clients, the f...
SAO PAULO - Brazilian financial technology start-up Nubank now has 15 million clients, the firm’s chief executive said on Friday, a figure which underlines the rapid growth of the Sequoia Capital-backed venture in Latin America’s largest economy.
Nubank founder and CEO David Vélez disclosed the figure, which marks a 25% increase from the total it revealed in August, at the Brazil Investment Forum in Sao Paulo. In late July, the firm raised $400 million in a funding round led by U.S. investment firm TCV. The Wall Street Journal reported at the time that the company, which was founded in 2013, was valued at more than $10 billion.“We have opened many new business fronts in the last 12 months. We are growing quickly,” he said.
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