Advertisement
Singapore markets closed
  • Straits Times Index

    3,336.59
    +13.21 (+0.40%)
     
  • Nikkei

    38,487.90
    +433.77 (+1.14%)
     
  • Hang Seng

    18,079.61
    -150.58 (-0.83%)
     
  • FTSE 100

    8,275.38
    +44.33 (+0.54%)
     
  • Bitcoin USD

    67,755.19
    +205.20 (+0.30%)
     
  • CMC Crypto 200

    1,429.61
    +1.04 (+0.07%)
     
  • S&P 500

    5,277.51
    +42.03 (+0.80%)
     
  • Dow

    38,686.32
    +574.84 (+1.51%)
     
  • Nasdaq

    16,735.02
    -2.06 (-0.01%)
     
  • Gold

    2,347.70
    -18.80 (-0.79%)
     
  • Crude Oil

    77.18
    -0.73 (-0.94%)
     
  • 10-Yr Bond

    4.5140
    -0.0400 (-0.88%)
     
  • FTSE Bursa Malaysia

    1,596.68
    -7.58 (-0.47%)
     
  • Jakarta Composite Index

    6,970.74
    -63.41 (-0.90%)
     
  • PSE Index

    6,433.10
    +61.35 (+0.96%)
     

Brazil's Nubank first non-Asian digital bank to hit 100 million customers

SAO PAULO, May 8 (Reuters) - Brazilian digital bank Nubank has exceeded 100 million customers in Latin America, making it the first digital banking platform outside Asia to do so, it said in a statement on Wednesday.

Nubank operates in Brazil, where it serves more than 92 million clients, as well as Mexico and Colombia, where its customers total 7 million and nearly 1 million, respectively.

Last year it reported record financial results, amassing more than $8 billion in revenues and $1 billion in net profit.

"In 2013 we set the ambitious goal of reaching one million customers in five years, which seemed almost impossible at the time," Chief Executive David Velez said in a statement.

ADVERTISEMENT

"Within a decade, we have now surpassed the 100 million mark - that is a testament to the trust our customers place in us."

Nubank is set to publish its first-quarter results on May 14. (Reporting by Paula Arend Laier; writing by Gabriel Araujo; Editing by Kevin Liffey)