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Brazil: net profit of Nubank 2015-2020

In the first half of 2020, fintech company Nu Pagamentos S.A. (Nubank) in Brazil reported a net loss of approximately 95 million Brazilian reals. During that time, the company generated more than two billion reals worth of operating revenue.

The development of fintech in Latin America

With over 2.1 million U.S. dollars raised in 2019, the fundraising value collected by fintech startups in Latin America has grown by nearly 700 percent since 2016. That same year, this sector has contributed to almost 150 unique startups in the region, mostly concentrated in Mexico and Brazil, largest economies in Latin America.

Brazil as a fintech market leader

Indicated by its lead in insurance technology, Brazil can be seen as a significant player in the regional fintech market. Additionally, as Brazilian consumers have increasingly switched to more online platforms, they have also become a more welcoming consumer population for mobile services, including financial services. In 2019, fintech had an overall 64 percent adoption rate among Brazilians. Moreover, with the onset of the COVID-19 pandemic increasing widespread dependency on online services, Brazil’s influence in this sector is expected to continue to grow.

Net profit of fintech company Nubank in Brazil from 2015 to 2020

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Source

Release date

August 2020

Region

Brazil

Survey time period

2015 to H1 2020

Supplementary notes

Data prior to 2019 was retrieved from previous releases of the publication.
Figures have been rounded.

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Statistics on "Fintech in Brazil"

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