Nubank — Best Banking Sector IPO | Latin America 2021

NUBANK is on a mission to democratise banking. Since its 2013 inception, the digital bank has onboarded 48 million customers across Latin America. Clients access everything through the app: checking and savings accounts, credit cards, personal loans, investing services and life insurance products. Nubank went public in December 2021, causing shares to jump by 15 percent — and valuating the company at 27 times its full-year 2021 revenue. The move also made co-founder Cristina Junqueira, with her 2.9 percent stake, an overnight billionaire. The BV jury presents Nubank with the 2021 Best Banking Sector IPO (Latin America) award.

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