started · updated
Nubank launches U.S. operations and Nu Global international account
Nubank, the Latin American digital banking giant, has officially launched its operations in the United States. The expansion was announced by founder David Vélez and co-founder Cristina Junqueira during an event in Miami. To facilitate its entry into the U.S. market, the company is utilizing a partner-bank model through Lead Bank, an FDIC-insured institution, while its own national bank charter remains subject to pending approvals from the Federal Reserve and the FDIC.
The initial U.S. product suite includes a high-yield deposit account offering a 3.5% APY, a Mastercard credit card with no annual fee and 1.5% unlimited cashback, and a debit card.
Simultaneously, Nubank introduced Nu Global, a multi-currency digital account designed for international users. This service integrates Circle’s stablecoins, specifically USDC and EURC, to enable fast and fee-free money transfers across more than 35 countries, including parts of Europe and Latin America. The company aims to leverage this global model to reach between 100 million and 150 million customers in the U.S. market, targeting both the large Hispanic community and the broader unbanked or underbanked population.
Entities
Circle · Cristina Junqueira · David Vélez · Lead Bank · Nubank · Office of the Comptroller of the Currency · Shopee · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 16 SOURCES] The company is using Lead Bank for its US operations. imagemnews.com.br · www.spacemoney.com.br · startups.com.br · eleconomista.com.ar · refreshmiami.com · +11 more
- [● 15 SOURCES] Nu Global allows transfers to more than 35 countries. livecoins.com.br · eleconomista.com.ar · economia.uol.com.br · neofeed.com.br · refreshmiami.com · +9 more
- [● 12 SOURCES] The US account offers a 3.5% APY yield. imagemnews.com.br · livecoins.com.br · www.spacemoney.com.br · startups.com.br · eleconomista.com.ar · +7 more
- [● 2 SOURCES] The company aims to reach between 100 million and 150 million customers in the US. www.spacemoney.com.br · valor.globo.com
- [● 7 SOURCES] The credit card offers 1.5% cashback. eleconomista.com.ar · neofeed.com.br · refreshmiami.com · canaltech.com.br · bitcoinethereumnews.com · +2 more
- [● 12 SOURCES] The OCC has granted conditional approval for a national bank charter. imagemnews.com.br · www.spacemoney.com.br · startups.com.br · tnonline.uol.com.br · canaltech.com.br · +7 more
- [● 10 SOURCES] Nu Global uses stablecoins like USDC for international transfers. livecoins.com.br · eleconomista.com.ar · neofeed.com.br · refreshmiami.com · www.valoraanalitik.com · +4 more
- [● 19 SOURCES] Nubank has officially launched operations in the United States. imagemnews.com.br · livecoins.com.br · www.spacemoney.com.br · startups.com.br · eleconomista.com.ar · +12 more