The latest-generation neobank, Nubank offers exclusively online services, and has opened up new opportunities on the South American market, particularly in relation to ETFs and cryptocurrencies. It was founded in 2013 in Brazil and has more than 38 million clients worldwide. The company continues to grow thanks to major investors such as Goldman Sachs and Berkshire Hathaway. With a valuation of more than USD 40 billion, Nubank could be one of the top three financial institutions in Latin America, alongside Itau Unibanco Holding SA (USD 55 billion) and Banco Bradesco SA (USD 41 billion). It also hopes to raise the staggering sum of USD 2 billion for its stock market listing this year.
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