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By building Nubank from a 2013 challenge to Latin America's fee-heavy banking cartel into a 100-million-customer institution that debuted on the NYSE at a $50 billion valuation, Velez created the Western Hemisphere's largest digital bank.
David Velez is Co-Founder and CEO of Nubank (Nu Holdings), the largest digital bank outside Asia with over 100 million customers across Brazil, Mexico, and Colombia.
Velez, a Colombian entrepreneur educated at Stanford, founded Nubank in 2013 to challenge Latin America's concentrated banking market. Nubank went public on the NYSE in 2021 at a valuation of approximately $50 billion, with Berkshire Hathaway investing $1 billion before the IPO.
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