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RIO DE JANEIRO, BRAZIL - On Saturday, October 24th, Latin America's largest Fintech, São Paulo based Nubank, published a letter signed by the online bank's three co-founders apologizing for co-founder Cristina Junqueira's remarks on the Roda Viva show, which were considered racist.

"Diversity has always been part of our culture. The mistake was to believe that value alone was enough. The mistake was to think that things were going to work themselves out," reads the statement.

"We were satisfied with the progress we made in our first years of existence, which was reflected in some . . .

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