NU is the best-run tech company in the world

This is incredible! Brazil's FinTech giant Nubank just reached 100 million customers in Brazil or ~57% of the adult population in the country 😳

The growth & numbers NU is showing are out of this world and make it one of the best-run technology companies globally:

👥 >105 million customers globally (+20.8M Year-over-Year)

🌍 It's now the largest digital banking platform outside of Asia

🇧🇷 It's now the 4th largest financial institution in Latin America

💰 $25.2 billion worth of deposits (+64% YoY)

💸 $2.8 billion in revenues (+65% YoY)

🤑 $487 million in profit (+134% YoY)

The crazy part?

Despite serving more than 105 million customers, its monthly average cost per active customer still remains at $0.9 🤯

This coupled with a stunning efficiency ratio of 32% (i.e. JPMorgan’s efficiency ratio is >55) makes Nubank not only one of the best digital banks globally.

It's probably the best-run tech company on the planet right now.

Author

AiUTOMATING PEOPLE, ABN ASIA was founded by people with deep roots in academia, with work experience in the US, Holland, Hungary, Japan, South Korea, Singapore, and Vietnam. ABN Asia is where academia and technology meet opportunity. With our cutting-edge solutions and competent software development services, we're helping businesses level up and take on the global scene. Our commitment: Faster. Better. More reliable. In most cases: Cheaper as well.

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