Thursday, February 27, 2020

Nubank Doubles Billing and Wins Customers

Nubank recorded revenues of R$ 2.1 billion in 2019, double that recorded in the previous year. In all, fintech surpassed 20 million customers in January this year - in 2019 alone the company has raised 13 million customers. However, Nubank also tripled net book losses in the same period to R$ 313 million. According to fintech, it is an "investment" to grow, considering the hiring of another thousand employees. Thus, Nubank had an increase in operating expenses and loss.
Giro News - 26/02/2020 News Item translated automatically
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