Nubank Receives Approval from Comisión Nacional Bancaria y de Valores to Operate as a Bank in Mexico

6 posts • GPT (4o mini)

Updated Apr 16, 2025, 05:33 PM

Nubank, a Brazilian fintech company, has received approval from the Mexican regulatory body, Comisión Nacional Bancaria y de Valores (CNBV), to operate as a bank in Mexico. This authorization allows Nubank to transition from a Sociedad Financiera Popular to a full-fledged Institución de Banca Múltiple. The approval marks a significant milestone for Nubank as it expands its services in the Mexican financial market. Founded by David Vélez and Cristina Junqueira, Nubank aims to enhance banking accessibility in the region.

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#Nubank #Brazilian #Mexican #CNBV #Mexico #Sociedad Financiera Popular #Institución de Banca Múltiple #David Vélez #Cristina Junqueira

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Sources

eleconomista.com.mx(3)cnnbrasil.com.br(2)www1.folha.uol.com.br istoedinheiro.com.br

El Economista

@eleconomista

#SectorFinanciero | Belvo raises $15 million to expand Open Finance in Latin America 🌎 https://t.co/hu0bfpPTYl

El Economista

@eleconomista

#SectorFinanciero | Nu Mexico, a subsidiary of the Brazilian giant Nu, has already received authorization to have a banking license in the country. 💳🏦 https://t.co/BBmWtMssw2

Folha de S.Paulo

@folha

Mexican regulatory body approves Nubank's banking license application https://t.co/XPKGJe5ZSx