David Vélez

David Vélez is a Colombian entrepreneur and the co-founder and CEO of **Nubank (Nu Holdings)**, a digital-financial-services company operating mainly in Brazil, Mexico, and Colombia. - **Background:** He studied industrial engineering and earned an MBA at Stanford University. Before founding Nubank, he worked in investment banking and venture capital, including at **Sequoia Capital**. - **Current role:** CEO of Nu Holdings, the publicly traded parent company of Nubank. - **Notable work:** Co-founded Nubank in 2013 with Cristina Junqueira and Edward Wible, building one of Latin America’s largest digital banks and focusing on lower-cost, mobile-first financial services. Nubank went public on the New York Stock Exchange in 2021.

David Vélez is the **founder and CEO of Nubank**, the São Paulo-based digital bank and one of the largest independent fintech banks in Latin America.[2][10] He was born in Medellín, Colombia, studied at **Stanford University** and earned an **MBA from Stanford Graduate School of Business** before working in investment banking, private equity, and venture capital at firms including **Morgan Stanley, General Atlantic, and Sequoia Capital**.[2][10][13] He co-founded Nubank in **2013** after observing the dominance and high fees of Brazil’s major banks, and he built it into a major digital banking platform with tens of millions of customers across Brazil, Mexico, and Colombia.[2][8][18] His notable work is leading Nubank’s growth as a fee-light, app-based bank that expanded financial access in Latin America.[2][6][11]

# David Vélez David Vélez is the founder and CEO of **Nubank**, a major Latin American fintech company. Here are the key facts: **Background:** - Colombian entrepreneur - Previously worked in finance and venture capital before founding Nubank **Current Role:** - Founder and CEO of Nubank, which he established in 2013 **Notable Work:** - Built Nubank into one of Latin America's largest fintech companies, focusing on digital banking and financial services for underbanked populations - Expanded the company across Brazil, Mexico, and Colombia - Took Nubank public via IPO in December 2021 on the NYSE - The company has millions of customers and became a major player in digital banking in the region Vélez is generally recognized as one of the prominent fintech entrepreneurs in Latin America, though my information may not capture all recent developments in his career or company.

**David Vélez** is a Colombian billionaire businessman and entrepreneur, best known as the co-founder and CEO of Nubank. * **Background:** Born in Medellín, Colombia, Vélez earned a bachelor’s degree in management engineering from Stanford University. Before founding Nubank, he worked in investment banking, private equity, and venture capital, including roles at Goldman Sachs, Morgan Stanley, General Atlantic, and Sequoia Capital, where he focused on Latin American investments. * **Current Role:** He is the co-founder and Chief Executive Officer (CEO) of Nubank, one of the world's largest digital financial services platforms and digital banks, headquartered in São Paulo, Brazil. * **Notable Work:** In 2013, Vélez co-founded Nubank to challenge Latin America's heavily concentrated and high-fee banking sector by offering accessible, app-based financial services. Under his leadership, Nubank grew from a startup issuing credit cards into a major digital bank serving tens of millions of customers across Brazil, Mexico, and Colombia. Additionally, he and his wife, Mariel Reyes, signed the Giving Pledge in 2021, committing the majority of their wealth to philanthropic causes in Latin America.

**David Vélez** is a Colombian entrepreneur and the founder and CEO of Nubank, Latin America's largest digital bank. - **Background**: Born in Medellín, Colombia; studied industrial engineering at the Universidad de Los Andes and earned an MBA from Stanford Graduate School of Business. He previously worked at Sequoia Capital and Itaú Unibanco. - **Current role**: Founder and CEO of Nubank (Nu Holdings), a position he has held since launching the company in 2013. - **Notable work**: Built Nubank into a major fintech disruptor offering credit cards, banking, investments, and insurance to over 100 million customers across Brazil, Mexico, and Colombia. The company went public on the NYSE in 2021 (valuation peaked above $50 billion) and is known for low-cost, app-based services that challenged traditional banks in the region.