Nubank

Revolut achieved a US$115 billion private valuation based on a secondary share sale priced at US$2,017 per share. This surpasses Nubank's public market capitalization of around US$70 billion, making Revolut the leading fintech in the comparison. The valuation is derived from a transaction involving employees and existing shareholders.

David Vélez, the Colombian-born founder of the world's largest digital bank, joins OpenAI's nonprofit and for-profit boards, adding financial-services expertise ahead of a possible IPO.

Brazilian digital bank Nubank and Itaú Unibanco top Latin America's AI maturity ranking in the 2026 Evident AI Index for Banks. The index highlights their leadership in artificial intelligence adoption among regional banks.

Nubank acquires a small bank to secure a bank license, while unconfirmed reports circulate about Bank of America's potential downgrade and CFO departure. The article notes that these BofA-related claims lack evidence.

Nubank is facing a class action lawsuit in Brasília’s 7th public-finance court after a $664 credit card debt allegedly ballooned to $616,000. The Federal District’s attorney-general seeks to halt charges, refund overpayments, and recalculate balances, while demanding R$10 million in collective moral damages and an injunction to suspend collections.

Nubank will invest US $4.2 billion in Mexico over four years to expand operations, strengthen technological infrastructure, and develop digital financial solutions. The investment aims to boost economic growth, financial inclusion, and digitization, with Nubank already serving 15 million Mexican customers and planning to create jobs in tech and finance sectors.

Nubank filed a binding offer to acquire Banco Caixa Geral Brasil, the Brazilian arm of Portugal’s state bank, for approximately 42 million euros. The acquisition aims to secure a full Brazilian banking license, with the transaction largely financed through assumed debt.

Johannes Hummer, CEO of Freedom Telecom International in the UAE, argues that Middle Eastern business is resetting rather than retreating despite regional challenges like the Strait of Hormuz closure and declining airline profits. He highlights infrastructure improvements and companies like Revolut and Nubank relocating to Dubai as signs of opportunity, emphasizing the UAE's digital advancements and strategic advantages for global firms.

PicPay's Nasdaq IPO marks the first major Brazilian fintech listing since Nubank in 2021, reopening the tech-IPO window on Wall Street after years of inactivity. The event signifies renewed interest in Brazilian fintechs in the U.S. market.

Nubank shares have fallen 28% in 2026, the worst performance among major Latin American financial stocks. Citi downgraded the stock to Neutral with a lower price target, citing growth at the expense of profitability, while Bank of America issued a bearish call. The decline reflects concerns over the company's financial strategy and market outlook.

Nubank mistakenly informed some customers on June 12 that the bank was shutting down due to liquidation, prompting calls for deposit protection. The bank attributed the error to a one-time operational issue, which has been resolved. Brazil’s central bank confirmed the bank remains operational.

Colombian startup Idilio has raised $5 million in a seed round led by a16z Speedrun, with additional backing from Nubank founder David Velez and Hollywood's Jeffrey Katzenberg. The app, which focuses on short-vertical-video dramas, was founded by Gabriela Tafur, a Stanford-trained lawyer and former beauty queen.