Brazil largest Fintech Nubank plans to hire 3,300 women for parity in leadership

RIO DE JANEIRO, BRAZIL – Nubank, the fourth largest bank in Latin America in stock market value, has announced yet another diversity goal: to have half of its leadership positions filled by women in less than five years. To this end, it plans to hire 3,300 women over this period.

The recruitment estimate is higher than the current number of company staff, which employs more than 3,000 people in Brazil, Mexico, Colombia, Argentina, Germany, and the United States. At the moment, women represent 41% of this total and 39% of management positions.

According to its co-founder Cristina Junqueira, the aim is to reach the parity goal before the deadline: “We want to be the most equitable company in the technology sector in Latin America, and maybe in the whole world. We have a high percentage of women when compared to other companies, but we want to improve further. We have outlined this goal for the next five years and we intend to reach it before that,” she says.

Junqueira is a standard in the national market for women in the financial and startup sectors. She is a mother of two daughters and has always maintained that, despite being a company leader, she can still leave at 5 PM to pick the children up from school.

She was on maternity leave at the start of last year. In the company, 93% of the people who used the benefit chose the six-month extended leave.

“We know the importance of having female leaders in leadership positions. Contact with female leaders helps other women reach higher positions and remain longer in companies. That is why, in recent years, we have developed equity policies, both in hiring and inclusion,” comments the co-founder in a press release.

In January, Nubank raised US$400 million in its seventh round of funding and is now valued at US$25 billion. The company is now behind only to Itaú, Bradesco, Santander in Latin America and has become the largest independent digital bank in the world.

In addition to gender diversity, the company has also made a commitment to racial diversity. The target is to hire 2,000 black and mixed-race employees by the end of 2025. Nubank hopes to have at least 30% black employees and 22% representation in management positions.