In 2020, fintech company Nu Pagamentos S.A. (Nubank) in Brazil reported a net loss of approximately 230 million Brazilian reals. During that time, the company generated nearly 4.6 billion reals worth of operating revenue.
Indicated also 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
(in million Brazilian reals)
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Nubank. (February 26, 2021). Net profit of fintech company Nubank in Brazil from 2015 to 2020 (in million Brazilian reals) [Graph]. In Statista. Retrieved May 22, 2022, from https://www.statista.com/statistics/882241/brazil-nubank-net-profit/
Nubank. "Net profit of fintech company Nubank in Brazil from 2015 to 2020 (in million Brazilian reals)." Chart. February 26, 2021. Statista. Accessed May 22, 2022. https://www.statista.com/statistics/882241/brazil-nubank-net-profit/
Nubank. (2021). Net profit of fintech company Nubank in Brazil from 2015 to 2020 (in million Brazilian reals). Statista. Statista Inc.. Accessed: May 22, 2022. https://www.statista.com/statistics/882241/brazil-nubank-net-profit/
Nubank. "Net Profit of Fintech Company Nubank in Brazil from 2015 to 2020 (in Million Brazilian Reals)." Statista, Statista Inc., 26 Feb 2021, https://www.statista.com/statistics/882241/brazil-nubank-net-profit/
Nubank, Net profit of fintech company Nubank in Brazil from 2015 to 2020 (in million Brazilian reals) Statista, https://www.statista.com/statistics/882241/brazil-nubank-net-profit/ (last visited May 22, 2022)