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Nubank

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Nubank, doing business outside of Brazil as Nu, is a Brazilian neobank headquartered in São Paulo, Brazil. Although it is not formally part of Brazil’s National Financial System (Sistema Financeiro Nacional), Nubank operates as a financial and payment institution regulated and supervised by the Central Bank of Brazil. It is the largest fintech bank in Latin America, with around 88 million customers in Brazil and 6 million between Mexico and Colombia and a revenue of $8 billion. At its initial public offering in December 2021, Nubank was valued at $45 billion.