Quick TakeFounded in 2013, Nubank is the largest neobank in Latin America with +50 million users in Brazil, Mexico and ColumbiaAfter its Series G round in June 2021, Nubank went public in December 2021 – the company raised USD $2.6 billion and was valued at USD $41.5 billion during the time of the IPOIn 2022, Nubank is focusing on increasing market share in Mexico/Columbia and expanding its product offerings to accelerate growthTo increase profitability, Nubank should concentrate on increasing the average revenue per active customer (ARPAC) and expanding its credit portfolio to include more lucrative products such as mortgages
