Competitor Profile: Nubank

Competitor Profile: Nubank

Summary
Nubank report provides information and insight into digital bank Nubank, including comprehensive coverage of its products and services, details of important events and milestones, information on its performance and revenue model, and a comparative assessment against key competitors.

Nubank leverages the power of financial technologies to create a more customer-centric, efficient, and transparent banking experience. The bank offers a no-fee credit card entirely managed via an app, targeted at millennials and younger generations who prefer digital products and services to physical branch locations.

Other products offered include the NuConta digital account, which features personal financial management tools, personal loans, and a loyalty program called Nubank Rewards. Nubank currently operates in Brazil and Mexico, and has opened an office in Argentina to target the country’s unbanked population. These expansions are part of its strategy to gain a stronger foothold in Latin America. Nubank is also expanding its product portfolio beyond individuals by launching digital accounts to small business owners.

Scope

• In September 2014, Nubank was launched in Brazil.
• In June 2018, the company reached a landmark of 1.5 million digital bank accounts.
• By February 2019, Nubank had introduced personal loans and a debit function for its credit cards.

Reasons to buy

• Gain insights into Nubank’s business operations and key events.
• Learn about its product portfolio and revenue model.
• Compare Nubank’s performance against its leading competitors.