Nubank launches into ecommerce

Thursday 25 November 2021 10:10 CET | News

Nubank has launched its latest venture into ecommerce, pulling retailers directly into its app so that customers can shop, order, and pay all without leaving the app.

To kick things off Nubank has three of Brazil’s largest ecommerce firms onboard, AliExpress, Dafiti, and Magalu, with more partners expected to be announced soon.

Besides ecommerce and personal banking accounts, Nubank’s web of services has grown to include credit cards, investments, loans, and insurance, as well as international transfers and auto loan equity.

As well as all those verticals, Nubank is also in the process of filing for a US IPO, which early indications suggest could value the business at around USD 55 billion.

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Keywords: super app, retail, ecommerce, digital banking
Categories: Banking & Fintech
Countries: Brazil
This article is part of category

Banking & Fintech