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Nubank's 176% Surge Backs CEO's Drive to Poach Clients From Rivals.
In: Bloomberg.com, 2024-01-17, S. N.PAG
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Nubank, a Latin American financial startup, has experienced a 176% surge in its shares as it attracts clients from competitors. The company has gained attention for its low-limit credit cards and user-friendly mobile apps, which have appealed to individuals who previously did not have bank accounts. Nubank's success has defied skeptics who doubted its ability to compete with established banks in the region. The company has doubled its client base to 90 million since going public in 2021 and has become one of the most-owned stocks by fund managers in Rio de Janeiro. Nubank's CEO, David Velez, plans to expand the company's investments and loans to the middle class in Brazil and is considering future expansion beyond Latin America. [Extracted from the article]
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Nubank's 176% Surge Backs CEO's Drive to Poach Clients From Rivals.
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Autor/in / Beteiligte Person: | Lucchesi, Cristiane ; Andrade, Vinícius ; Alvim, Leda ; Cancel, Daniel |
Zeitschrift: | Bloomberg.com, 2024-01-17, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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