The Brazilian fintech company is opening an office today in Mexico and it is the first step in what might be further expansion into Latin America; the company has been around for six years and has raised $400 million from investors which include Tencent Holdings, Sequoia Capital, and Tiger Global Management; it plans to use the name “Nu” in Mexico and will issue their first credit cards in the second half of 2019; Nubank currently has 8.5 million customers in Brazil and recently began offering loans. Source
