This scale grew during the first quarter of 2020 by an average of 42.000 users per day, across its markets of Brazil and Mexico. According to AltFi, the bank has added 10 million users in the eight months since October 2019, when it announced it had reached a 15 million users.
According to its figures, 20% of Nubank’s customers have never had a credit card before and 80% of its customer sign-ups come from unpaid referrals.
At its last funding round in July 2019, Nubank raised USD 400 million and was valued at USD 10 billion by investors including TCV, Tencent, DST Global, Sequoia Capital, Dragoneer, Ribbit Capital, and Thrive Capital.
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