March
After experiencing frustration with banking services in Brazil, David VĂ©lez sets out to build a new financial services startup in Brazil and raises USD $2 million as seed investment from Sequoia Capital and Kaszek Ventures.
May
David VĂ©lez partners with Cristina Junqueira and Edward Wible to co-found Nubank with the mission of fighting complexity to empower people.
April
Nubank starts testing its first product, a no-fee credit card that is fully self-managed by a digital app. After less than a year of development, the card is launched in Nubank’s hallmark purple and the first transaction takes place.
September
Nubank credit card introduced to the public.
In the same month, Nubank raises its Series A: USD $15 million – Investors: Sequoia Capital and Kaszek Ventures.
January
Nubank moves from a small “casinha” to a three-story office building at Brigadeiro LuĂs AntĂ´nio Avenue in SĂŁo Paulo.
March
Nubank is voted the Most Innovative Company by Latam Founders.
May
Nubank raises its Series B: USD $30 million – Investors: Tiger Global, Sequoia Capital, Kaszek Ventures and QED.
December
Series C: USD $52 million – Investors: Founders Fund, Tiger Global, Sequoia Capital and Kaszek Ventures.
Nubank is voted the Most Innovative App by the App Store.
January
Nubank moves to an eight-story building in the Pinheiros neighborhood of SĂŁo Paulo.
May
The company wins the Marketers That Matter Award from Sage Group, Silicon Valley and voted Best B2C Company by Latam Founders.
July
Nubank is chosen by Interbrand for its Breakthrough Brands List.
August
Voted one of the Best Companies to Work by Great Places to Work Brazil.
December
Nubank raises Series D: USD $80 million – Investors: DST Global, Sequoia Capital, Founders Fund and Tiger Global.
January
Voted Best Card by clients in CVA Solutions research.
March
Named for second consecutive year the best B2C company by Latam Founders.
October
Nubank launches its second product, a fully digital savings account.
December
Nubank opens a tech hub in Berlin, Germany.
March
Series E: USD $150 million – Investors: DST Global, QED Investors, Redpoint Ventures, Ribbit Capital, Dragoneer Investment Group, Thrive Capital.
With this funding round, Nubank becomes a Unicorn.
May
New app design release.
Nubank launches its first advertising campaign: “The New Always Comes”.
June
Nubank rolls out its digital account to customers across Brazil. In the following months, Nubank reaches 100% of the country’s municipalities, enabling even more people to access financial services.
September
Voted the Most Desired Company to Work For by LinkedIn Top Startups Award.
October
Raised USD $90 million through an investment by China’s Tencent.
December
Debit function release for Nubank’s digital account users.
February
New product launched: Nubank Personal Loan.
Voted Latin America’s Most Innovative Company by Fast Company Magazine.
March
Voted Best Brazilian Bank by Forbes magazine.
May
Nubank begins executing its international expansion plan with the launch of Nu Mexico.
Voted Brazilians’ Preferred Credit Card in CardMonitor Survey.
July
Began testing a new product – digital accounts for small businesses and entrepreneurs.
Nubank raises Series F: USD $400 million – Investors: TCV, Tencent, DST Global, Sequoia Capital, Dragoneer, Ribbit Capital and Thrive Capital.
January
Nubank completes its first acquisition, the software consulting firm Plataformatec.
March
Nu Mexico issues its first credit cards in the country.
April
Nubank enters the ranking of companies with the best reputations in Brazil and joins the list of 100 businesses that most stood out for their corporate behavior, according to the Corporate Reputation Business Monitor (Merco).
June
Voted Best Brazilian Bank by Forbes magazine.
September
Nubank enters the investment sector with the acquisition of Easynvest, Brazil’s leading digital investment platform.
Elected one of the Most Ethical Companies in Brazil by Virtuous Company, which takes into account criteria such as trust, empathy and freedom of speech.
Acquisition of Cognitect, the US company that created the programming language Clojure and Datomic. Cognitec is a leading company in the world’s software engineering market.
Nubank launches operations in Colombia under the Nu brand.
October
Instant payment solution PIX is introduced in Brazil and Nubank reaches the 6 million mark of customers with registered Pix keys, leading the market.
December
Nubank wins, for the fourth consecutive year, the Época Negócios Reclame Aqui Award and takes 1st place in the Digital Banks and Cards category.
Nubank launches Life Insurance offering.
January
Series G – USD $400 million. Investors: GIC, Whale Rock and Invesco. Nubank becomes one of the five most valuable financial institutions in Latin America.
February
Nu credit card introduced in Colombia.
Guaranteed Credit Card launched, a gateway for those who want a Nubank credit card.
Voted one of Brazil’s most loved brands according to eCGlobal market research platform.
March
Nubank reaches the 35M customer mark.
Semente Preta, a seed capital investment fund focused on supporting businesses founded or led by black people, is launched.
Voted one of 40 companies with the best reputation in Brazil in Corporate Reputation Business Monitor’s (Merco) list.
April
Nubank joins TIME’s 100 Most Influential Companies ranking.
Release of investment functionality within the app, with three funds in the testing phase.
Voted Best Financial Institution in Brazil for the 3rd consecutive year by Forbes magazine.
NuCommunity, our dedicated forum in which customers exchange ideas, ask questions and help one another, reaches more than 270,000 users in only two years.
May
Nubank receives investment from Base10, a fund that supports companies that have a social impact.
Named to CNBC Disruptor 50 as one of the 50 companies that are transforming the economy and people’s lives, and the only Latin American company on the prestigious 2021 list.
On its 8th anniversary, Nubank launches a new brand identity that reflects the evolution of the brand.
June
Nubank raises an extension to its Series G, amounting to a total of USD $1.15 billion. In this round, Nubank welcomes Berkshire Hathaway with an investment of USD $500 million as well as other renowned investors.
Nubank reaches 40 million customer mark.
Nubank is ranked by Merco as one of the 100 best companies in Brazil.
July
Nubank launches Ultravioleta, a premium category credit card with an innovative design, made of metal and with exclusive benefits.
Nubank partners with Remessa Online, one of the main international transfer platforms in Brazil, allowing customers to make global transfers through the Nubank app.
Launch of Nu Ultravioleta investment funds.
August
Following its acquisition, Easynvest is fully integrated and rebranded as NuInvest.
Nubank acquires Spin Pay, a digital payment platform focused on solutions for e-commerce.
Apple Pay is launched for millions of Nubank clients.
September
Nubank announces a strategic partnership with Creditas, to expand its partner’s products to its customer base.
Nubank reaches milestone of 1M clients benefiting from its small business and entrepreneurs offering.
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