Nubank

Through a powerful and well-designed app, Nubank gives Brazilians with smartphones the first-ever chance to do banking without a centralized location.

When We First Met We hired David to work at Sequoia Capital to help us determine the attractiveness of the Brazilian market for future investment opportunities. We made a handful of investments and ultimately decided not to open up a permanent operation in Latin America. Concurrently with this decision, David decided to become an entrepreneur and start an on-line financial services company in Brazil. We had been very impressed with David's talents and immediately decided to back him with a seed investment, following a power point presentation. Our main advice to him was build a financial services with a very strong technology backbone. We worked closely together to build strong technology and data science teams. The rest is history. The company has been growing extremely rapidly. We raised multiple rounds of funding at ever higher valuations and we are thrilled to have invested every step of the way.

Milestones
  • Founded 2013
  • Partnered 2013
Team
  • David Velez
  • Edward Wible
  • Cristina Junqueira
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