Nubank reached 90 mil clients.
Nov 7, 2023
Brazilian Challenger Nubank has surpassed 90 mil users from across three markets where they operate (Brazil, Colombia, Mexico).
The growth is linked to the increase of the products portfolio of the bank, which now includes insurance, investments and loans. In total the bank launched more than 40 products in 2023.
Total deposits of the bank increased to $18 billion, a 35% YOY increase. The company also has $2.4 billion in cash.
Total revenue $1.87 billion
Card purchase increased to $26.3 billion, 30% YOY.
Cosumer credit portfolio totaled $14.8 billion.
Annualiazed adjusted return on equity reached 19%.
#Neobank #Nubank #Fuad #Pənahov #Panahov
