São Paulo, May 12th 2021 – Nubank announces the appointment of new members to its board. Jacqueline Reses (former Executive Chairman of Square Financial Services and Chair of the Economic Advisory Council of San Francisco Federal Reserve), Luis Alberto Moreno (former IDB president), Daniel Goldberg (former-president of Morgan Stanley Brasil) and Dr. Anita Sands (author, speaker and consultant) join Doug Leone (Global Managing Partner at Sequoia Capital) and David Vélez (founder and CEO of Nubank) on the board of directors.
With decades of experience in the technology and financial services industries, the new four members join the company to contribute to its mission of challenging the status quo by fighting complexity to empower people.
Nubank is currently the largest digital bank in the world with 38 million customers and one of the five most valuable financial institutions in Latin America, having raised over US$1.2 billions in the past eight years.
The company is currently going through a hypergrowth moment, not only welcoming 36,000 customers per day but enlarging its product portfolio, which currently includes credit card, digital account, insurance, personal lending, and instant payments.
Last week, Nubank received the approval of the Central Bank of Brazil to finalize the acquiring process of Easynvest, the leading digital investment platform in Brazil, to further diversify its offering.
The digital bank is also consolidating its international expansion. In Mexico, Nu has registered over 1.5 million applications to its credit card product, and in Colombia more than 250,000 people have applied to the waitlist to become customers in only six months.
“Having the valuable experience that these executives bring to Nubank, will help us to maintain the pace of accelerated growth, in a sustainable manner, and ensure that we keep offering the best products and experiences to our customers,” says David Vélez.
“We have a lot to accomplish in this and the upcoming years -David continues-. We are still in the first paragraph, on the first page, in the first chapter of our history. The new board members will help us build the next lines”.
Nubank’s board of directors
Nubank’s board of directors has vast experience in the leading financial and tech institutions in the world.
As Global Managing Partner at Sequoia Capital, Doug Leone has partnered with companies such as RingCentral and ServiceNow while leading the company’s expansion to China and India. He started his technology career at Sun Microsystems, Hewlett-Packard and Prime Computer, before joining Sequoia in 1988.
Jacqueline Reses is CEO of Post House Capital and Chair Economic Advisory Council of San Francisco Federal Reserve. Reses has 30 years of experience in the financial and technology industries, having held leadership positions at Square, Alibaba, Goldman Sacks and Yahoo.
Luis Alberto Moreno is a Colombian businessman and former diplomat who was president of the Inter-American Development Bank from 2005 to 2020. He was Colombia’s ambassador to the United States and former president of the Instituto de Fomento Industrial.
Current partner at Farallon Latin America, Daniel Goldberg is also former president of Morgan Stanley in Brazil. Before that, he headed the Economic Law Secretary of the Ministry of Justice, a former body of the Brazilian antitrust system.
Anita Sands is an advisor, author, speaker and consultant in the United States. A former Fulbright fellow, she holds a master’s degree in public policy and management, as well as a doctorate in atomic and molecular physics. Anita has spent a decade in leadership positions in financial services and now serves on the board of directors of five companies – ServiceNow, Pure Storage, iStar, Thoughtworks and Nubank.
Nubank was founded in 2013 to free people from a bureaucratic, slow and inefficient financial system. Since then, through innovative technology and outstanding customer service, the company has been redefining people’s relationship with money across Latin America.
With operations in Brazil, Mexico and Colombia, Nubank is today the world’s largest independent digital bank, reinventing over 35 million customers’ financial lives. Nubank achieved this by offering a no-fee credit card, entirely managed by a mobile app and currently used by about 21 million people, and a digital account, free of taxes, held by about 32.5 million Brazilians.
Nubank also offers transparent and hassle-free personal loans, a benefits program with points that don’t expire, a business account tailored for SMBs, and life insurance. In 2020, Nubank acquired digital broker Easynvest and became the leader in self-directed digital investments in Brazil.
Throughout the years, Nubank raised over US$1.2 billion with some of the best-known growth and technology investors in the world, such as Sequoia, DST, Tencent, Tiger, Kaszek, Founders Fund, Dragoneer, TCV, Redpoint, Ribbit, GIC, Whale Rock, Invesco and QED.
Nubank was elected by TIME as one of the most influential companies in the world and by Forbes magazine as the best bank in Brazil – and one of the best in the world – for three years in a row, 2019, 2020, and 2021.
Also, Fast Company magazine named Nubank the most innovative company in Latin America and as the most valuable challenger bank by CBInsights.
Today, Nubank is a global company, with offices in São Paulo (Brazil), Mexico City (Mexico), Buenos Aires (Argentina), Bogotá (Colombia), Durham (United States) and Berlin (Germany). It was founded in 2013 in Sao Paulo, by Colombian David Vélez, and cofounded by Brazilian Cristina Junqueira and American Edward Wible.
For more information, visit www.nubank.com.br.