Nubank is a Brazilian neobank and the largest fintech bank in Latin America headquartered in Sao Paulo. A neobank is an alternative bank that offers banking services digitally without any physical presence.
Neobanking is a mushrooming field that is expected to reach $8.8 trillion by 2027. The average transaction value per user has reached $18.08k in 2023, according to Statista. Thus, it is a sector that businesses are looking forward to tapping into.
Nubank provides a wide array of financial products and services to individuals and small business customers. These include insurance, loans, and savings accounts.
In this blog post, we will understand Nubank, its business model, and what you need to make a neobanking app. So, let us begin!
