Nubank Announces $8.2B Investment in Brazil by 2026
Nubank announces investments of $8.2B in Brazil in 2026. "The amount has nearly doubled over the last two years and reflects the business's solidity and the company's long-term commitment to the Brazilian market. Brazil remains Nubank's main market, with 113 million customers, more than 60% of the adult population," the company said in a statement. "The amount covers the full range of the company's economic activities in the country, such as reinvestment of profits generated by the Brazilian operation, investments in technology infrastructure, as well as operating expenses and taxes paid," it added.