Fabio Machado’s Post

💥 BIG TECH IN FINANCE!!! Yesterday, Nu hit a record-breaking valuation of $86 billion (yes, in USD) 🔥 surpassing Itaú Unibanco by a whopping $20 billion. Wondering why this is a game-changer in the financial sector? Here are 3 KEY INSIGHTS into the Nu phenomenon 👇: 1️⃣ Unstoppable growth + global expansion With 100 million customers and counting, Nubank is breaking borders and turning heads in international markets 🌎. The world is watching this expansion closely. 2️⃣ More than a bank: an ecosystem David Vélez Nubank’s CEO, made it clear: the vision is to be a channel for everything. From the newly launched #NuCel (their own cellular service) to broader solutions, Nu aims to meet its users’ key needs. 3️⃣ The next Big Tech in finance? Nubank is playing a different game from traditional banks. Its approach and rapid growth hint at a future Big Tech in the financial sector 📈. To those who still doubt Nubank’s potential, remember: they’re not just in the banking business. They’re changing the rules. #Innovation #Fintech #Nubank

This is what I used to do way back in my gov days, albeit at the time there were hardly any non-US players as significant as Nubank. If successful, a big if, it is orders of magnitude more important than whether company A or company B lists at NASDAQ or LSE Few actions drive more long term economic benefits than bringing talent from outside and incoroporating that talent pool into a local ecosystem. The virtuous cycle of ideas, knowledge bases and different perspectives fuels innovation and growth. Fingers crossed! #fintech #FDI Department for Business and Trade #Brazil https://lnkd.in/eBZ8txFh

Brasilian fintech Neon secures R$500 millions in latest series E funding round Brazilian #fintech #Neon has raised R$ 518 million in a Series E funding round, split into two tranches: R$ 310 million in December 2023 and R$ 208 million in August 2024. Founded in 2014 by Pedro Conrade as #Controly and rebranded as Neon, the company has grown with the backing of previous investors, including BBVA, which led a $300 million Series D round in 2022, elevating Neon to unicorn status with a valuation of $1.4 billion. Despite reporting a loss of R$ 278.9 million in the first half of 2024, Neon is focusing on technology integration and strategic app innovations to drive growth and improve financial performance. The fintech continues to build on its mission to provide digital banking solutions in the Brazilian market. The article on Finsiders Brasil in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

🚀 LatAm Neobanks: Profitable & Sustainable Neobanks in LatAm are crushing it! Overcoming challenges, they're profitable with diverse offerings & expansion plans. 📈 This growth is fueled by high smartphone penetration & a large unbanked population. 🌍 🤖 Digital transformation is key! AI & multi-channel experiences are boosting efficiency & reach. But they're also leading in sustainability! 🌱 Nubank, Inter, & PagBank are setting new standards. 🏅 This reflects a maturing market where resilience matters. 💪 Global ambitions too! 🌐 Nubank's CEO aims to be LatAm's biggest financial player. 🌟 🌍 Neobanks aren't just changing the game, they're leading it globally. 💪 Navigate LatAm business with Go Local's expert team. Learn more. https://groupgolocal.com/ #NeoBanks #FinTech #LatinAmerica #LatinoAmerica #Brazil #Mexico #Chile #Colombia #Nubank #Inter #PagBank #Revolu #Monzo #GoLocal

Only in the last week, Revolut integrated Bizum in Spain, landed in Colombia and confirmed the $45 billion valuation in shares sale It's crazy the amount of update coming daily from a #fintech giant like #Revolut. First, the European neobank is preparing to enter the Colombian market, marking a significant expansion in Latin America. This move will position Revolut in direct competition with established players like Nubank and Lulo Bank. Led by Glauber Mota, CEO of Revolut Brazil, the company has already begun hiring local staff in Colombia to spearhead the planning and licensing process. But it's not all. During the week they also announced the integration of #Bizum in Spain, a market where they have approximately 3.5 million customers, with a growth trajectory of 40% in 2024. Finally, we came to discover that out of the $500 million worth of shares sold by employees in the last window of opportunity opened by the neobank, 50% was sold by the founder Nik Storonsky. Not a red flag here, as those kind of things are more than normal when scaling up that fast, but they confirmed a solid $45 billion dollar valuation during this process. What a week. What a company. The article about expansion in Colombia on La República in the first comment.

Revolut, the global financial technology company with over 45 million customers, has closed a $500 million secondary round at a $45 billion valuation. This cements Revolut as Europe’s most valuable startup, surpassing its fintech rivals and ranking it as one of the most valuable banks ahead of established players like Barclays, Société Générale and Crédit Agricole.   This valuation reflects the strong financial performance in 2023, with revenues of $2.2 billion (a year-on-year increase of 95%) with record profit before tax of $545 million and the progress made in executing its strategic objectives to become a global fintech leader.   The partnership with Mubadala (Abu Dhabi’s sovereign fund) is expected to open doors in the United Arab Emirates at a moment where Revolut submitted multiple applications in the region to become an electronic money institution following recent entry into emerging markets such as Mexico, Brazil, New Zealand and an upcoming launch in India.   Revolut considers a future IPO, and global stock exchanges are competing for its listing. While the UK government hopes to attract Revolut to London, the company’s leadership has indicated a preference for a New York listing, citing the higher liquidity there.   Sources: Revolut, Financial Times, Bloomberg https://lnkd.in/d8n7SsG7

Fintechs are rapidly disrupting the financial landscape in Latin America, with over 3,000 firms reshaping services across the region's biggest economies—Brazil, Mexico, Argentina, Colombia, and Chile. This surge represents a remarkable 340% growth since 2017, as firms like Nu, Addi, and Bitso challenge traditional banks by streamlining banking, payments, and savings services. The impact of these fintechs isn't just local; they're poised to unlock significant opportunities globally, driving innovation and financial inclusion across markets. Latin America's fintech revolution can potentially create a ripple effect of economic growth well beyond their borders. #Fintech #LatinAmerica #EmergingMarkets #FintechGrowth #DigitalBanking #TechInnovation https://lnkd.in/ezvHsJeT

🌟 Nubank’s Big Leap: From Latin America to London? 🇧🇷➡️🇬🇧 🔥 Breaking News: Latin America’s most valuable bank, Nubank, led by visionary CEO David Vélez, is reportedly considering a legal move to the UK—a bold move that could reshape the global fintech landscape! 🚀🌍 💼 What’s Happening? Nubank, currently domiciled in the Cayman Islands, is exploring a shift to the UK while keeping its operational HQ in São Paulo. This potential move aligns with agreements discussed at the G20 Summit between Brazil and the UK. It’s a win-win: Nubank gains global leverage, and the UK further cements its position as a fintech hub under PM Keir Starmer’s tech-first push. 💡 Why It’s a Game-Changer: Nubank, with 70+ million users and a market-leading valuation, is redefining banking in Latin America. This move positions the company for global growth, leveraging the UK’s regulatory framework and international reach. 🌍 David Vélez’s Vision: Under Vélez’s leadership, Nubank continues to break barriers and rewrite the rules of traditional banking. Could this be the start of Nubank’s next global chapter? 💬 What Do You Think? Is this a strategic masterstroke for global expansion, or is it all about regulatory convenience? Share your thoughts below! ⬇️ Don’t miss the full story—read more on Bloomberg . Stay tuned! 💳🚀

🚀 Tomorrow, Nubank will announce its earnings, and it’s an exciting moment for the future of finance in Latin America. As one of the leading fintechs in the region, Nubank has consistently pushed the boundaries of financial services, prioritizing accessibility, user experience, and innovation. Expectations are high. This report will give insight into how Nubank is navigating challenges and seizing opportunities in the region’s evolving financial landscape. For all of us invested in the region’s fintech evolution, this is a pivotal moment. Nubank is inspiring a generation of innovators, empowering millions, and pushing the boundaries of what financial services can be in Latin America. 💡 Here’s to a brighter, more inclusive financial future for all.

Nubank has rapidly become a trailblazer in Brazil's fintech industry, revolutionizing how banking is done. Founded in 2013, Nubank's digital-first approach has attracted over 100 million customers across Latin America by 2024. The company's success lies in its customer-centric model, no-fee products, and commitment to financial inclusion. From their innovative no-fee credit cards to comprehensive investment platforms, Nubank is redefining financial services. Curious about how Nubank achieved this meteoric rise? Dive into our comprehensive overview to learn more about their journey and future plans. #Fintech #DigitalBanking #FinancialInclusion #Innovation #BankingRevolution #Nubank #LatinAmerica #Finance #Brazil #FIntechBRICS Read more: https://lnkd.in/ePkK_K3w