David Velez, founder and CEO of decacorn Nubnk, discusses the origins and growth story of his company - which now reaches over 12 million customers and is expanding from Brazil into Argentina and Mexico.
I am fascinated by the future of fintech and global entrepreneurship. Fintech used to be a local game. Increasingly, fintechs are taking a global stance. In my recent op-ed, I covered some of the drivers of this phenomenon, including an evolution towards regulatory openness, the rise of fintech enablers and a shift towards a more global outlook. To dig deeper into this growing trend, I sat down with founders of leading fintechs who have successfully navigated multi-market expansions. The first in the series is with David Vélez, Founder and CEO of Nubank, an emerging markets financial services provider. Previously, David was a venture capitalist with Sequoia and General Atlantic. Below we discuss NuBank’s multi-market lens, from starting out in Brazil to expanding throughout Argentina, Mexico and beyond.