RIO DE JANEIRO, BRAZIL – Founders of São Paulo-based Nubank, Brazil´s biggest fintech, said on Thursday, November 12th, in a letter that the company will fund the teaching of programming skills to 1,250 Black people.
Founders of São Paulo-based Nubank, Brazil´s biggest fintech, said on Thursday, November 12th, in a letter that the company will fund the teaching of programming skills to 1,250 Black people.
The move comes after strong criticism from Nubank’s clients as its co-founder Cristina Junqueira made a controversial comment in a recent TV interview saying the fintech could not “lower its standards” to increase the presence of Blacks in its management.
The fintech will invest R$20 (US$3.7) million reais in the initiatives to boost the presence of Blacks in the company and also in the job market as a whole.
Founders David Velez, Edward Wible and Junqueira said Nubank will also launch in 2021 a mentorship program focused on Blacks, besides reviewing its recruiting standards.
Live Company IntelligenceNu Holdings Ltd — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
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◆ Live Company Intelligence
Nu Holdings
NYSE: NUNUBANKFinancial ServicesBanks – Regional
$64.88B
Market cap
Analyst target $18.64
Wall Street view
4.4Buy/ 5
18 Buy3 Hold1 Sell
Avg. price target $18.64 · +27% vs 200-day
Valuation & profitability
Market cap$64.88B
Revenue (TTM)$8.44B
P / E ratio18.4
Profit margin42.7%
Return on equity31.6%
Price & risk
52-wk low $11.2052-wk high $18.98
Beta (volatility)0.94
200-day average$14.70
Revenue trend · 6y
20202025
Latest $15.88B
Ownership
Institutions82.2%
Shares outstanding3.81B
Top holderBlackRock Inc
Institutional holders5+ funds
Dividend
No regular dividend — earnings reinvested for growth.
What Nu Holdings does. Nu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States. The company provides spending solutions comprising Nu credit and prepaid card, a digitally enabled card that acts as a credit and a prepaid card; Nubank+ Tier, an evolution of the Nu experience; Ultraviolet credit…
