São Paulo based mostly is the biggest fintech in Latin America and is taken into account some of the modern corporations on the earth. The neobank’s Chief Monetary Officer, , lately the corporate’s monetary steadiness for Q1 and Q2, the place he mentioned its technique on staying resilient all through the coronavirus pandemic.
On March 12th, the bank made the choice to ship all of its groups – round 2,700 staff – to work remotely. Nubank was one of many first corporations to do that and supplied over a 1000 its workforce with assets to work in good situations like screens, keyboards, computer systems, gear and furnishings.
Nubank launched its Individuals First motion on March 24th, the aim of this was to redirect its R$20mn advertising finances to assist to shoppers worst affected by the pandemic, providing them meals, medical care, primary requirements and psychological help. Prospects additionally benefitted from particular refinancing choices together with decrease rates of interest and extensions on loans and bank card payments.
“We chose to invest in the company, people and the development of new technologies to continue delivering the best experience to our customers.”
What do the statistics say?
Regardless of the wrath COVID-19 has had on economies and companies throughout the globe, Nubank like many different digital banks has seen wholesome progress in its customers and product. The corporate hit 26 million clients, which is greater than double its base a 12 months in the past. Furthermore, it noticed a 54% enhance in transaction quantity compared to the earlier 12 months.
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