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Stock impact report

CEO of Brazil's Nubank on pending US market entry, Trump, AI: interview [Yahoo! Finance]

Nu Holdings Ltd. (NU) 
Company Research Source: Yahoo! Finance
Nelson ALMEIDA/AFP/AFP Nubank CEO David Velez, whose massive Brazil-based digital bank is on the verge of entering the prized US market, hailed a "positive" regulatory climate under President Donald Trump in an interview with AFP. Promising to free users from banking bureaucracy, the company -- which has 131 million clients in Brazil, Mexico and Colombia -- has become one of the most valuable firms in the region. In 2025 it posted record revenues of $16.3 billion, a 45 percent increase from the previous year. Founded by Colombian entrepreneur Velez and two partners, the company was launched in 2013 in Brazil's financial capital Sao Paulo with the aim of eliminating physical bank branches. More than a decade later, six in ten Brazilian adults are customers. Nubank received conditional approval in January to operate as a bank in the United States, the world's largest financial market, and is now awaiting a final license. Velez, 44 -- whose family left Colombia because of Show less Read more
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