Nubank Enters the US as David Velez Takes Its Digital Banking Model Global
Nubank is entering the U.S. with a digital savings account, credit card and money-transfer services while launching a stablecoin-based global account for customers in more than 35 countries, giving founder and CEO David Velez two new ways to expand the Brazilian fintech beyond Latin America. The U.S. operation began Sept. 10 through Lead Bank, an […]
David Velez, the co-founder and CEO of Colombian fintech giant Nubank, is bringing the Brazilian digital bank into the U.S. market. Nubank will initially offer a digital savings account, credit card, and money-transfer services through Lead Bank, an FDIC-insured institution. The U.S. launch began on September 10, with plans to expand the service to over 35 countries using stablecoins.
Nubank will provide a 3.5% annual yield on U.S. dollar deposits and a 2.2% yield on euro-denominated balances. The company aims to target young consumers and the Hispanic population, markets in which it already has a strong presence.
Written by urgent.news from Colombia One's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
