back Back

Nu Colombia secures regulatory approval to operate as a financing company

By Delisha Fernandes

January 09, 2024

  • Credit Card
  • Digital Financial Services
  • Financial Superintendence of Colombia

Nu Colombia, Nubank, saving goals, credit card, Financial Superintendence of Colombia, digital financial services, savings accounts, personal loans, Fintech news, Fintech USNu Colombia, a subsidiary of Nubank in the country, has received official approval from the Financial Superintendence of Colombia (SFC) to operate as a financing company.

This achievement not only marks a significant milestone for Nu Colombia but also paves the way for the expansion of its product portfolio into savings with the upcoming launch of Cuenta Nu, a pivotal move for its long-term vision for the country.

“Obtaining this license is the result of months of hard teamwork and represents a fundamental step in our journey in Colombia, as it enables the right regulatory framework to launch Cuenta Nu and further expansion of our product portfolio. Cuenta Nu will help Colombians reach their saving goals and financial plans, and will allow us to broaden our impact to millions of people by saying ‘yes’ to everyone”, said Marcela Torres, General Manager of Nu Colombia.

Becoming a financing company is a key milestone in Nu’s growth strategy to improve its digital financial services in Colombia. The company already has a presence in all the country’s departments and has 800,000 customers with just its credit card product as of September 2023.

Nu has demonstrated its commitment to the country, not only through obtaining the operating license but also through significant investments. In Mexico, the customer base has increased to 4.3 million, driven by the launch and expansion of the savings product, and in Brazil, the product portfolio continues to strengthen, including credit cards, savings accounts, and personal loans, reaching approximately 39 million, 65 million, and 7 million active customers, respectively.

Previous Article

January 09, 2024

4 FinTech platforms redefining digital lending for SMEs in India

Read More
Next Article

January 09, 2024

Andaria enhances embedded finance offering with Mastercard

Read More

IBSi Daily News Analysis

Data privacy

July 16, 2024

Credit Card

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 17, 2024

SWiM PAY launches new instant digital payments feature

Read More

July 17, 2024

Mangopay & ManoMano simplify payments for marketplace sellers

Read More

July 17, 2024

TechFini secures NPCI approval to facilitate UPI-based payment solutions

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024