Nubank (ROXO34) has applied for a national bank license in the United States alongside the Currency Controller Office as part of its plans to expand globally and explore international opportunities in the future. The bank currently operates in Brazil, Mexico, and Colombia.
Our primary goal is to drive growth in our existing markets and pursue expansion opportunities. Additionally, obtaining a U.S. national bank license will enable us to better serve our current customers in the country and connect with new customers with similar financial needs. This statement was made by Nubank founder and global CEO David Vélez.
The bank stated that the license will enhance its capacity for responsible innovation and efficient growth in the US market, potentially leading to the future provision of deposit accounts, credit cards, loans, and digital asset custody services.
“We are confident that through collaboration with regulators, we will be able to expand our services to the entire US market soon,” states Cristina Junqueira, co-founder and CEO of the new USA branch, emphasizing the ongoing work required for this initiative. She has relocated there permanently to demonstrate her dedication to this project.
The U.S. administration board will include Roberto Campos Neto, Cristina Junqueira, Youssef Lahrech, Brian Brooks, and Kelley Morrell.
Nubank is collaborating with Klaros Group and receiving legal guidance from Davis Polk & Wardwell in the U.S. licensing application procedure.
- Business operations
- Global
- Business operations
- Credit card
- credit card
- Colombia
- loans
- The United States of America
- Mexico
- Nubank
- Nubank (ROXO34)
- Roberto Campos Neto
