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The brazilian fintech Nubank has grown to 15 million users: CEO

FILE PHOTO: The logo of Nubank, a Brazilian FinTech startup, is pictured at the bank’s head office is in Sao Paulo, Brazil on June 19, 2018. REUTERS/Paulo Whitaker

SAO PAULO (Reuters) – Brazilian financial technology startup Nubank now has 15 million customers, the company’s chief executive said on Friday, a figure which is drawn on the rapid growth of the coast redwood (Sequoia Capital-backed company in Latin America’s largest economy.

Nubank is the founder and CEO of David We are known for the figure, which marks a 25% increase in the total amount of light in August, and on the Brazil Investment Forum in Sao Paulo.

Nubank, which also operates in Argentina and Mexico, has grown to become a household name in parts of Brazil because of its bright green, free of a credit card. The company and the investors, including China’s Tencent Holdings Ltd., that offers digital savings accounts and personal loans.

At the end of July, the company raised $400 million in a financing round led by U.S. investment firm TCV. The Wall Street Journal reported at the time that the company, which was founded in 2013 with a value of more than $10 billion.

Reporting by Aluísio Alves; Writing by Gram Slattery; Editing by Richard Chang

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