Brazilians have traditionally been able to bank only with a handful of large institutions that charge some of the highest lending rates globally. Four-year-old Nubank, now the largest digital bank outside of Asia, with 5 million users, offers a compelling alternative with its low-fee credit cards and payment accounts. Last year, it began offering direct deposit for users’ paychecks and debuted debit and ATM withdrawal features—enhancements that further what CEO David Vélez describes as Nubank’s mission: “Helping people find a way out of Brazil’s current banking system.”
collections
NewsletterCourses and LearningAdvertiseCurrent IssueFast Government
The future of innovation and technology in government for the greater good
Most Innovative Companies
Fast Company's annual ranking of businesses that are making an outsize impact
Most Creative People
Leaders who are shaping the future of business in creative ways
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system
Innovation By Design
Celebrating the best ideas in business