Nubank appoints Livia Chanes as Latin America CEO and completes universal bank acquisition
Nubank announced that Livia Chanes will serve as chief executive officer for its Latin America region, overseeing Brazil, Mexico and Colombia. Chanes, who has led the company's Brazilian operation since 2022, will now direct regional strategy, while country managers Armando Herrera (Mexico) and Marcela Torres (Colombia) report directly to her. The fintech, which now serves more than 135 million customers worldwide and 115 million in Brazil, recently added 50 million new Brazilian users, reached 15 million customers in Mexico and over 5 million in Colombia.
In a separate move, Nubank completed the acquisition of Banco Porto Real de Investimentos S.A., securing the banking licence required by Brazil's Central Bank resolution that mandates institutions using the term “bank” to hold a formal licence. The purchase enables Nubank to retain its brand name and transition to a universal bank, directly affecting its 115 million Brazilian customers.
Founder Cristina Junqueira, 43, who co‑founded the company in 2013, is highlighted as a billionaire driving Nubank's international expansion, illustrating the fintech's evolution from a credit‑card app to a full‑service financial institution.
Entities: Banco Porto Real de Investimentos S.A. · Cristina Junqueira · David Vélez · Livia Chanes · Nubank
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] Livia Chanes will oversee operations in Brazil, Mexico and Colombia. (source)
- [○ 1 SOURCE] Nubank appointed Livia Chanes as CEO for Latin America. (source)
- [○ 1 SOURCE] Nubank acquired Banco Porto Real de Investimentos S.A. (source)
- [○ 1 SOURCE] Country managers Armando Herrera (Mexico) and Marcela Torres (Colombia) now report to Livia Chanes. (source)
- [○ 1 SOURCE] The acquisition secures a banking licence required by Brazil's Central Bank resolution. (source)
- [○ 1 SOURCE] The acquisition affects Nubank's 115 million Brazilian customers. (source)
- [○ 1 SOURCE] Cristina Junqueira, 43, co‑founded Nubank and is a billionaire leading its international expansion. (source)
- [○ 1 SOURCE] Nubank serves more than 135 million customers globally and 115 million in Brazil. (source)