Nubank Shocks Wall Street: Brazilian Fintech Giant Applies for U.S. Bank Charter

Nubank Shocks Wall Street: Brazilian Fintech Giant Applies for U.S. Bank Charter

Nubank, Latin America’s largest digital bank with over 100 million users, has applied for a U.S. national bank charter. If approved, the move would let Nubank compete directly with America’s biggest banks like JPMorgan and Wells Fargo.