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Nubank is preparing to arrive in Colombia

September 28, 2020

The digital bank Nubank is preparing its arrival in Colombia. This was hinted at by Colombia Fintech in a post published on September 28, which used an article from La República as a source.

In that publication, they reported: “It took Colombian David Vélez almost a semester to open a bank account in Brazil, where he worked with the Sequoia Capital fund. The experience was marked by five trips to the bank, where he was himself said he felt like a criminal walking through armored doors, armed men and with an obligation to leave his cell phone and wallet in a locker today, it’s the biggest unicorn in Latin America and ready to arrive in Colombia. “

“”To date, the company has not applied for a banking license but has records with the superintendent of industry and commerce. In the financial sector, they also assume that their arrival in the country will take place. The company has also been registered under the name Nu Colombia SA since last year.“They later added.

Nubank is preparing to arrive in Colombia
Nubank is preparing to arrive in Colombia

On the other hand, they stated: “Under the NIT 901 284 129, Vélez was appointed managing director by public deed No. 1343 of May 14, 2019, which was registered one day later at the Notary 16 of Bogotá and at the Chamber of Commerce. In addition, Catalina María Breton Ramírez has been appointed second manager by Law No. 2 of October 3, 2019.. Breton already has entrepreneurship experience in Colombia when, in her first phase, she led the management of Wingo, the low-cost airline launched four years ago. “

They also made it clear that according to the commercial register Nu Colombia is registered to conduct financial services activities, with the exception of insurance and pensions, portfolio buying or factoring activities, and other professional, scientific and technical activities.

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