In this episode of Season 3 of What Matters Most, Sands Capital’s Eduardo Leal explains how Brazil’s Nubank went from startup to the country’s second largest corporation in just 10 years — and the company’s digital-first banking platform. Join us as we explore how mobile banking is opening financial doors for global citizens and how we believe Nubank is poised to remake the Brazilian banking industry.
Show Notes
(2:23) The State of Banking for 700 million Latin Americans
(4:32) Founder David Vélez’ Story
(7:32) How NuBank Serves a Fundamental Need
(10:48) A Lean, Mean Business Model
(13:45) Overcapitalization: A Good Problem to Have
(17:06) How Sands Capital First Spotted NuBank
(18:46) Potential Risks to Future Growth
(21:01) Could NuBank Expand Beyond Latin America?
(22:29) The Next 10 Years
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