Lead Software Engineer

Nubank launches Nubank Croma with a Platinum card, cashback, and exclusive perks. * Digital banking * 29.07.2026 10:24 am Nubank introduces its new segment, Nubank Croma, featuring an exclusive selection of benefits. With it, customers gain access to the Mastercard Platinum card with 0.8% cashback or 1 point for every 1.4 dollars spent on all credit purchases. The cashback or points are immediately available for redemption in the account or for transfer to LATAM Pass, Azul Fidelidade, and Smiles programs. Nubank Croma also offers 5% cashback on subscriptions to 28 streaming, music, mobility, delivery, shopping, and online service platforms, such as Netflix, Spotify, YouTube Premium, Clube iFood, Uber One, Disney+, Prime Video, and GloboPlay. Nubank Croma was tailor-made to meet the expectations and needs of customers who seek recognition for concentrating their financial lives with Nubank and want benefits aligned with their current stage of life. Following this strategy, those who join the new feature will also enjoy advantages that optimize everyday costs, such as a free 10 GB NuCel plan for the first six months and a special price for the segment after that period, in addition to NuTag with no monthly fee. Nubank Croma will also cover 80% of the HBO Max subscription and provide access to ChatGPT Go free of charge for six months. With Nubank Croma's smart account, customers will also have personalized credit options and money-saving solutions at their disposal, such as the Caixinha Turbo Croma, which yields 120% of the CDI, and investment opportunities such as the CDB Croma, with a yield of 130% of the CDI, available to new investors. "We are introducing a selection of benefits that speaks directly to an important portion of our customer base, who grew alongside Nubank and is looking for benefits more connected to their lifestyle," says Tulio Oliveira, Vice President of Nubank Croma and Nubank Ultravioleta. "Advantages within our ecosystem, such as special NuCel plans, cashback, and investment products aligned with this audience's goals, complete a competitive proposal. This is our way of recognizing and deepening our relationship with those who choose and trust Nubank," adds the executive. As a segment designed for customers who concentrate their financial lives with the institution, Nubank Croma will offer a monthly fee waiver for those who reach at least R$ 4,000 per month on their credit card bill or maintain R$ 30,000 invested or saved with Nubank. For those who do not meet these criteria, the monthly fee will be R$ 39. To find out how much can be saved with Nubank Croma, an interactive calculator is already available on Nubank's website. For instance, a customer who spends R$ 4,000 on their credit card every month, maintains subscriptions to three streaming services, takes advantage of the promotional HBO Max price, uses NuTag with no monthly fee, and saves R$ 200 per month in the Caixinha Turbo saves R$ 881 per year. Eligible customers will receive the Nubank Croma offer directly in the app. Interested users can request Nubank Croma through the app and other customer service channels of the institution.

Brazilian fintech, nubank expands on U.S. and Mexico. Nubank, the Brazilian fintech that redefined banking for millions in Latin America, is entering one of its most ambitious chapters yet. With Mexico set to become its first full-fledged international bank operation on August 6, a U.S. national bank charter advancing through regulators, and a growing footprint across South America, the company is attempting what few foreign financial institutions have dared: conquering America's fortress-like banking market while consolidating dominance across the region. Mexico: from fintech to full bank. On August 6, 2026, Nubank México will officially transition into an institución de banca múltiple - a full banking license - following authorization from the country's banking regulator (CNBV) on July 9. This milestone makes Nu the largest digital bank in Mexico, serving more than 15 million clients, roughly 15% of the nation's adult population. The transition follows a planned technical migration on August 5, during which certain services such as SPEI transfers and app-based balance consultations will be temporarily unavailable between 17:30 and 22:00 local time. Nu's debit and credit cards will continue functioning throughout the process, and customer funds will remain secure. "Este marco es un punto de partida para continuarmos acompañando a nuestros clientes de cerca," said Armando Herrera, CEO of Nu México. "Operar como banco nos da las herramientas para evolucionar junto con ellos, manteniendo la misma esencia, simplicidad y transparencia de siempre, ahora con más posibilidades. Seguimos comprometidos con nuestro foco en consolidarnos como el banco más amado de México." Since arriving in Mexico in 2019, Nubank clients have collectively saved approximately $2.694 billion in fees, annual charges, and transfer costs, according to company data. The cultural impact is equally striking: 60% of Nu's Mexican customers say they now use less cash, and 86% rate the company's impact on their financial lives as "high," citing greater stability and control over their finances. The U.S. Gambit: learning from fintech failures. The American consumer-banking market has proven a graveyard for foreign digital upstarts. Germany's N26 exited in 2021 after just two years. Britain's Monzo shuttered its U.S. operations earlier this year. Even homegrown digital challenger Chime holds less than 5% market share after a decade and billions in investment. Undeterred, Nubank secured conditional approval from the Office of the Comptroller of the Currency in late January 2026 - a landmark green light for a non-U.S. fintech. The company filed its application in September 2025, and regulatory timelines require Nu to fully capitalize the new institution within 12 months and commence operations within 18 months, effectively targeting a 2027 launch. Unlike many predecessors, Nubank is approaching the U.S. market with deep pockets and proven discipline. The company plans to offer deposit accounts, credit cards, lending products, and digital asset custody once the charter is fully approved. Its strategy blends the low-fee, user-friendly model that upended Brazil's "big five" banks with a cautious, regulation-first approach - a stark contrast to the aggressive, capital-burning tactics that tripped up rivals. Geographic Reference A regional powerhouse. While the U.S. looms large, Nubank's regional engine is firing on all cylinders. The company now serves 135 million customers across Brazil (115 million), Mexico (15 million), and Colombia (nearly 5 million), with physical offices in São Paulo, Mexico City, Bogotá, and Buenos Aires. Beyond its core markets, Nubank has rolled out "International PIX" - its instant payment solution - to Chile and Argentina, extending the Brazilian payment innovation that recently hit 1 billion monthly transactions across the platform. The company also offers the Ultravioleta global account, allowing customers to manage multiple currencies within the same app, a feature tailored for Latin America's increasingly mobile population. Financial muscle to match the ambition. Nubank's expansion is backed by robust financials. In the first quarter of 2026, gross profit reached $1.88 billion (up 27% year-over-year), while net income hit $871 million (up 41% YoY). Fourth-quarter 2025 results showed revenue of $4.9 billion (up 45% YoY) and net income of $895 million (up 50% YoY), with an annualized return on equity of 33%. Despite a recent market correction - shares have fallen roughly 23% in 2026, valuing the company at approximately $63 billion - Nubank remains one of the most valuable financial institutions to emerge from the Global South. The road ahead. Nubank's strategy hinges on a delicate balance: leveraging its Latin American scale to fund a disciplined U.S. entry, while continuing to deepen relationships in markets where it already holds sway. As Armando Herrera's message from Mexico City suggests, the company's ambition isn't just to build another bank - but to become the most beloved bank across two continents. If successful, Nubank could accomplish what neither European nor British fintechs managed: cracking the U.S. market not through brute-force marketing, but through a proven formula of low-cost digital operations, relentless customer focus, and regulatory prudence. The world will be watching as August 6 dawns in Mexico - and as 2027 approaches in Washington.

Nubank buys Banco Porto Real and adds a banking license in Brazil to continue consolidating its financial leadership. · Banco Porto Real founded in 1992, to comply with the new Central Bank regulation that requires a banking license for those who use the word "bank" in their brand · The acquisition does not impose additional capital requirements nor change the experience of Nubank's more than 115 million customers in Brazil. · So far this year, Nubank has also obtained a banking license in Mexico and preliminary approval to operate in the United States. Nubank, the digital financial institution founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, announced an agreement to acquire Banco Porto Real, based in Rio de Janeiro, specialized in wholesale credit. The operation, subject to approval by the Central Bank of Brazil, responds to the Joint Resolution, which requires a banking license for institutions that use the word 'bank' in their brand or communications. The acquisition is symbolic in terms of size: Banco Porto Real had only US$6.3 million in assets in March. However, its strategic value is key; the license will be added to those Nubank already operates as a Payment Institution, Credit and Financing Company, and Securities Brokerage, without imposing additional capital or liquidity requirements, and without changing the customer experience at all. A bank that already operates at a giant scale. Nubank is today the largest private financial institution in Brazil by number of customers, with more than 115 million users in the country. One in five Brazilian adults accessed an account, credit or savings tools thanks to the company, and it is the most chosen financial institution by Brazilians to concentrate salaries, payments and financial products. "Brazil is where Nubank was born, grew, and proved that fairer and simpler financial services are possible at scale. Thirteen years later, it remains our main focus, a market where we can still significantly expand our share," said David Vélez, founder and global CEO of Nubank. Regulatory expansion in three markets. The acquisition of Banco Porto Real is part of a wave of regulatory moves by Nubank in 2026: at the beginning of July it received the green light to operate as a bank in Mexico, its second largest market, and in January it received preliminary approval to carry out banking activities in the United States. For Brazil, the company also announced this year investments of US$8 million in the domestic market, almost double the amount of the previous two years. With a presence in Brazil, Colombia and Mexico, and a regulatory expansion strategy that advances in parallel in its three markets, Nubank consolidates its position as one of the digital banks with the greatest reach in Latin America, competing on equal footing with giants such as Itaú Unibanco, Banco do Brasil and Bradesco.