Nu Holdings Ltd
BMV:NUN

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Nu Holdings Ltd
BMV:NUN
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Price: 218.99 MXN 1.24% Market Closed
Market Cap: 1T MXN
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Nu Holdings Ltd
Investor Relations

Emerging from the vibrant entrepreneurial landscape of Brazil, Nu Holdings Ltd., popularly known as Nubank, has carved out its place as a digital banking pioneer in Latin America. Founded in 2013 by David Vélez, Cristina Junqueira, and Edward Wible, Nubank embarked on a mission to revolutionize banking for millions burdened by cumbersome and time-consuming financial processes. As financial services in Brazil were traditionally dominated by a few major players, customers often faced high fees and complex procedures. Nubank chose to disrupt this status quo by introducing a user-friendly, fee-free credit card fully manageable via a mobile app, signaling a shift towards seamless, digital-first banking. The company attracted a significant user base swiftly by providing technology-driven solutions and unparalleled customer service, helping individuals navigate their financial lives with unprecedented ease.

Nu Holdings’ business model thrives on leveraging technology to offer accessible financial products, generating revenue predominantly from interchange fees—the small percentage paid by merchants on credit card transactions—and interest from customer balances. As its products expanded beyond credit cards to include personal loans and savings accounts, Nubank succeeded in monetizing a larger share of its rapidly growing user base while maintaining little to no fees for customers. The company further distinguishes itself with a highly data-driven approach, using customer behavior insights to enhance their algorithms and service offerings. Additionally, by operating with minimal physical infrastructure, Nubank cuts substantial overhead costs, reaping benefits from the efficiencies inherent in its digital-native structure. With such innovations, Nubank continues to challenge conventional banking, ushering in new opportunities for financial inclusion across Latin America.

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Management

Mr. David Velez-Osomo
Founder, Chairman & CEO

David Vélez is a prominent Colombian entrepreneur, best known as the co-founder and CEO of Nubank, a leading digital bank based in Brazil, which operates under its parent company, Nu Holdings Ltd. Born in Medellín, Colombia, Vélez pursued higher education at Stanford University, earning a degree in Management Science and Engineering. He later obtained his MBA from the Stanford Graduate School of Business. Before founding Nubank, Vélez gained significant experience in the financial sector, working for esteemed organizations such as Goldman Sachs, Morgan Stanley, and Sequoia Capital. His experiences offered him deep insights into the banking industry, highlighting the complexities and inefficiencies prevalent in traditional banking systems, particularly in Latin America. In 2013, Vélez, alongside Cristina Junqueira and Edward Wible, launched Nubank with the mission to revolutionize banking in Brazil by offering a simple, transparent, and user-friendly financial product. The company initially started with a no-fee credit card managed through an entirely digital platform. Under Vélez's leadership, Nubank has grown exponentially, expanding its services to include personal loans, savings accounts, and a wide range of financial products, all accessible via their intuitive app. David Vélez's innovative approach and dedication to enhancing customer experience have been central to Nubank's rapid growth, making it one of the most valuable digital banks globally. His work has earned him recognition in the fintech industry, establishing him as a key figure in driving financial inclusion and innovation across Latin America.

Mr. Youssef Lahrech
COO & President

Youssef Lahrech is the Chief Operating Officer of Nu Holdings Ltd, the parent company of Nubank, one of the world's largest digital banking platforms. Lahrech joined Nubank in 2019. Before becoming COO, he served as the Chief Operating Officer of Nubank, where he was responsible for overseeing operations and helping streamline various processes within the company to support its expansive growth across Latin America. Before his tenure at Nubank, Youssef Lahrech built a solid career at Capital One, serving in various capacities over more than a decade. His roles included senior positions focused on strategy and financial services, where he gained extensive experience in operations and management. His expertise in these areas has played a crucial role in enhancing Nubank's operational efficiency and customer service capabilities. As COO, Lahrech is instrumental in Nubank’s mission to fight complexity and empower people to take back control of their finances through simple and transparent banking services.

Ms. Cristina Helena Zingaretti Junqueira
Co-Founder & Chief Growth Officer

Cristina Helena Zingaretti Junqueira is one of the co-founders of Nubank (Nu Holdings Ltd), a leading digital banking platform primarily operating in Latin America. Born in Brazil, Junqueira has had a significant impact on the fintech industry with her innovative approach to finance and technology. Junqueira began her academic journey at the University of São Paulo, where she earned a degree in Industrial Engineering. She later furthered her education with an MBA from Northwestern University's Kellogg School of Management. Her professional career prior to Nubank includes substantial experience in the financial sector. She held prominent roles at Itaú Unibanco, which is one of Brazil's largest banks, and also worked at Boston Consulting Group (BCG), where she focused on financial services projects. In 2013, Junqueira co-founded Nubank with David Vélez and Edward Wible in São Paulo, Brazil, with the mission to combat the complexities and excessive fees associated with traditional banking systems in Brazil. Nubank quickly revolutionized the banking industry in the region by offering a no-fee credit card with a mobile-first platform, gaining substantial popularity among customers dissatisfied with incumbent banks. Under her leadership, Nubank has grown to become one of the largest fintechs in the world, attracting millions of users and securing significant investment. Junqueira has been instrumental in Nubank's product development and customer experience, emphasizing transparency and user-friendliness. Cristina Junqueira has received numerous accolades for her work, being recognized as a leading figure in the fintech sector and an influential female entrepreneur. Her contributions have not only reshaped banking in Brazil but have also set a precedent for fintech innovation globally.

Mr. Guilherme Marques do Lago
Chief Financial Officer

Guilherme Marques do Lago is an executive renowned for his role at Nu Holdings Ltd, the parent company of Nubank, one of the world's largest digital banking platforms. He serves as the Chief Financial Officer (CFO) of the company. In his capacity as CFO, he is responsible for overseeing the financial operations, strategy, and planning of the company as it seeks to expand its footprint in Latin America and beyond. Before joining Nu Holdings Ltd, Guilherme had a significant career in finance and strategy, which equipped him with a wealth of experience. His expertise spans across financial management, investment banking, and corporate strategy, making him a vital asset to the leadership team at Nubank. Under his financial stewardship, Nubank has continued to experience rapid growth and innovation, solidifying its position as a leader in the digital banking landscape. His leadership style emphasizes robust financial health, operational efficiency, and aligning financial strategies with the company's broader goals of financial inclusion and technological advancement. Guilherme Marques do Lago's role as CFO at Nu Holdings Ltd marks him as a pivotal figure in not only steering the company's economic success but also in influencing trends within the broader financial technology industry.

Mr. Vitor Guarino Olivier
Chief Technology Officer

As of the latest available information, Vitor Guarino Olivier is an executive at Nu Holdings Ltd., more commonly known as Nubank, a prominent digital banking and financial technology company in Latin America. He has been an integral part of Nubank's leadership team, contributing to its rapid growth and development. Vitor Olivier joined Nubank in its early days and has held various roles, contributing significantly to the company's strategic and operational initiatives. He has been involved in pivotal projects that have expanded Nubank's product offerings and market reach. His efforts have helped establish Nubank as a leader in the digital banking industry, known for its customer-centric services and innovative financial solutions. Olivier's background combines technical expertise and operational acumen, which has been instrumental in driving Nubank's success. His role has often included overseeing product development, technology, and operations, ensuring that Nubank continues to deliver seamless and efficient financial services to its customers. Through his leadership, Vitor Olivier has played a key role in fostering a culture of innovation at Nubank, contributing to its mission of revolutionizing banking in Latin America.

Mr. Jorg Friedemann
Investor Relations Officer

As of the latest information available, Jorg Friedemann is a notable figure associated with Nu Holdings Ltd., commonly known for its brand Nubank, a leading digital financial technology company. He serves as the Chief Financial Officer (CFO) of the company. Friedemann holds a significant role in overseeing the financial strategies and operations of Nubank, which is known for its innovative approach to banking across Latin America, particularly in Brazil, Mexico, and Colombia. Prior to joining Nubank, Jorg Friedemann accumulated a wealth of experience in the financial industry, particularly in equity research and investment banking sectors. His expertise and insights are valuable in navigating the fast-paced fintech landscape and ensuring the financial health and regulatory compliance of the institution. Before his tenure at Nubank, Friedemann had roles in prominent financial institutions, contributing to his reputation in financial management and strategic planning. His leadership is integral to Nubank's mission to expand access to financial services through technology and enhance user experience for millions of customers.

Ms. Elita Vechin Pastorelo Ariaz
Chief Legal Officer
No Bio Available
Ms. Suzana Kubric
Chief of Human Resources Officer
No Bio Available
Mr. Jagpreet Singh Duggal
Chief Product Officer
No Bio Available
Mr. Henrique Camossa Saldanha Fragelli
Chief Risk Officer

Henrique Camossa Saldanha Fragelli serves as the Chief Operations Officer (COO) at Nu Holdings Ltd, a leading fintech company in Latin America known for its innovative approach to banking and financial services. In his role, Fragelli is responsible for overseeing the operational aspects of the company, ensuring that all systems, processes, and teams work harmoniously to support the company's mission of transforming financial services in the region. He plays a crucial part in scaling the company’s operations to meet the demands of its rapidly growing customer base. With a background that combines extensive experience in operations, strategy, and management, Fragelli contributes significantly to Nu Holdings' efforts in expanding its footprint and enhancing customer satisfaction through efficient operational strategies. Henrique's leadership and insight are integral to Nu’s continued success and ability to disrupt traditional banking models with its customer-centric and technology-driven solutions. Under his operational oversight, Nu has been able to streamline its processes, improve service delivery, and maintain its strong position in the competitive fintech landscape.

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