São Paulo, September 13th, 2021 – Nubank customers will start having access to the products and services of Creditas, a platform for digital loans, by the end of the year. See how it will work.
Nubank was born to give people back control over their financial lives. We believe in developing products and technologies that are simple to use and that truly help people. That’s why we always look for partners who believe in the same values we do. We are therefore delighted to announce a new partnership with Creditas, the leading platform for digital secured loans in Latin America.
Partnership between Nubank and Creditas
The partnership between Nubank and Creditas will allow our customers in Brazil to have access to Creditas products and services directly through the Nu application. In addition, two years from now, Nubank may choose to be a minority shareholder in Creditas with up to 7.7% of the company’s shares.
Nubank and Creditas were born to change the reality of the financial market and believe in a more human approach to customers.
Through this partnership, we want our customers to have access to a greater diversity of products. And all within our app – as is the case with international transfers with Remessa Online, as announced this year.
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 leading digital banking platform in the world, reinventing over 40 million customers’ financial lives.
¿How Nubank achieved this? It started by offering a no-fee credit card, entirely managed by a mobile app. The roxinho -as it is known in Brazil because of its purple color- is currently used by about 28 million people.
Then, Nubank offered a digital account, free of taxes, held now by about 36 million Brazilians. Our company 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.
A global leading company
In 2020, Nubank acquired digital broker Easynvest, now called Nu invest, and became the leader in self-directed digital investments in Brazil.
Throughout the years, Nubank raised around US$2 billion with some of the best-known growth and technology investors in the world, such as Berkshire Hathaway, Sequoia, DST, Tencent, Tiger, Kaszek, Founders Fund, Dragoneer, TCV, Redpoint, Ribbit, GIC, Whale Rock, Invesco, QED, and Capital Group.
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.
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