CHART: Brazilian fintech Nubank becomes the 4th largest bank in the country
Leading Brazilian digital bank, Nubank, known for its credit cards, transfers, and digital payment services has begun to make its way up the ranks in Brazil's financial landscape as it achieves a momentous feat.
According to a company release, the neobank has surpassed a whopping 80 million customers in its home country to position itself as the fourth-largest financial institution in the country – ahead of Banco do Brasil, in terms of customer base.
While Caixa Econômica Federal remains the country's largest bank as shown in the Techloy chart below, Nubank is also making significant strides in Brazil's financial landscape to cement its position as a major player in the Brazilian banking sector.
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