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How Nubank Disrupted Brazilian Banking from a Basement
In this episode, Lucas and Luna tell the story of Nubank, the Brazilian fintech that grew from a basement startup to a $45 billion banking giant. They explore how founder David Vélez leveraged a broken banking system, a single purple credit card, and a mobile-first strategy to sign up 100 million customers across Latin America. The hosts dive into the pivotal decision to skip the startup hubs of Silicon Valley and build in São Paulo, the role of Warren Buffett's Berkshire Hathaway as an early investor, and how Nubank fended off incumbents like Itaú and Bradesco. They also discuss the…
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