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Nubank was founded in 2013 by Colombian David Vélez, Brazilian Cristina Junqueira and American Edward Wible. The first transaction with a Nubank card was made on April 1, 2014. Four years later, Nubank became a unicorn startup with its valuation of US$1 billion. [4] In the company's first two years of existence, it raised 600 million Brazilian ...
It was created following the forced merger of the two major savings banks in the region, Caixa Galicia and Caixanova. This new caixa for Galicia became the fourth-largest in Spain with consolidated assets valued at €78.1 billion, [ 1 ] and fourth-largest in terms of savings accounts, with €108.4 billion - 6% of Spanish savings banks.
Cristina Junqueira (born September 1982) is a Brazilian businesswoman who is the co-founder of Nubank. [1] With a background in engineering, she transitioned from management consulting to supervising a credit card portfolio at a major Brazilian bank.
The term neobank has been in use since at least 2016 [1] to describe fintech-based financial providers that were challenging traditional banks.There were two main types of company that provided services digitally: companies that applied for their own banking license and companies in a relationship with a traditional bank to provide those financial services.