SAO PAULO, Sept 30 (Reuters) - Brazilian financial startup
Nubank has launched services in Colombia, in its latest move to
expand across Latin America, according to a statement on
Nubank said it will start operations in Colombia by offering
its no-fee credit card. The new office will be run by Catalina
Earlier this month, Nubank's founder David Velez told
Reuters that Nubank was planning to use the proceeds of a recent
$300 million funding round to expand its reach.
The Brazilian fintech estimates that it will invest $150
million in Colombia over the next eight years.
Nubank, which currently has 30 million clients, opened its
first office outside Brazil in 2019, in Mexico, followed by
Argentina, and now Colombia.
(Reporting by Carolina Mandl; Editing by Lisa Shumaker)