Nubank, one of the world’s largest digital financial services platforms, announced that it has applied for a national bank charter with the Office of the Comptroller of the Currency (OCC) of the United States.
“Today, our core focus remains on delivering growth in our existing markets, where we continue to see substantial opportunities for expansion. At the same time, applying for a U.S. national charter helps us better serve our existing customers based in the country and, in the future, connect with those who share similar financial needs and could benefit from our products and services,” said David Vélez, founder and CEO of Nu Holdings.
A national bank charter from the OCC will support Nubank’s ability to innovate responsibly and scale efficiently in the U.S. market, eventually offering deposit accounts, credit card, lending and digital asset custody, reflecting the compliance-first mindset of its operations in Brazil, Mexico and Colombia. In Mexico, its subsidiary Nu Mexico received authorization to become a bank from the Comisión Nacional Bancaria y de Valores (CNBV) in April 2025, and awaits its final operational approval.
“Nubank’s purpose continues to be to positively impact people’s lives by offering best-in-class digital financial services. While there’s work ahead, we believe that by working closely with regulators, we will soon be in a position to expand our offering to the broader U.S. market,“ added Cristina Junqueira, co-founder, Chief Growth Officer of Nu Holdings, and CEO of the emerging United States business, which will be a fully owned subsidiary of Nu Holdings.
Founded in 2013 and headquartered in São Paulo, Nubank has rapidly grown to become one of the world’s largest digital financial services platforms, serving nearly 123 million customers across Brazil, Mexico and Colombia. The company stands as one of the fastest-growing and profitable financial services companies globally, maintaining an activity rate above 83% and, in Q2 ’25, presented a record revenue of $3.7 billion, a 40% growth year-over-year, at a holding level.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
