Equity cover image

Equity

The tourist VCs in LatAm have gone home

Mar 2, 2024
Explore how Nubank increased its market cap by over 40% in 8 months. Learn why some investors are still interested in LatAm. Discover which startups in the region have been the most resilient and what other regions can learn from them. Dive into the growth and ambitions of a fintech company aiming to dominate Latin American financial services and global digital banking.
19:36

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Newbank's market cap increased by 40% due to exceptional growth and profitability under David Velez's leadership.
  • Latin America offers venture capital opportunities despite the temporary exit of some investors, emphasizing the importance of cost efficiency for startups.

Deep dives

Success of Newbank in 2023

Newbank, under the leadership of David Velez, demonstrated exceptional growth and profitability in 2023. The company's market cap surged to $50 billion, showcasing a significant increase from the previous year. Newbank recorded a net profit of $1 billion in 2023, highlighting its ability to establish profitability while continuing to invest in growth. Velez emphasized the success of digital banking as a global trend, emphasizing the model's capacity to provide superior financial services and generate high profitability.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode