Nubank obtains banking license in Brazil after Central Bank approval

FinanceInternationalEl EspectadorNov 14, 2026, 6:15 PMAI summary

Brazil's Central Bank approved Nubank's acquisition of Banco Porto Real de Investimentos S/A, a deal announced in July that will close in the coming days. With it, the fintech will obtain a banking license in the country where it was founded thirteen years ago and will be able to formally use the term "bank". Nubank has 143 million customers worldwide: 120 million in Brazil, 16.6 million in Mexico and 6.1 million in Colombia, where it is the largest credit card issuer by number of customers.

In 40 seconds

Brazil's Central Bank approved the purchase of Banco Porto Real de Investimentos, expected to close in the coming days.
The license allows Nubank to formally use the term "bank" and operate as one in Brazil.
Nubank reported 143 million customers at the end of September: 120 million in Brazil, 16.6 in Mexico and 6.1 in Colombia.

Read the full story at El Espectador

IASummary generated by artificial intelligence from a story by El Espectador. It may contain errors: the original source prevails.

Nubank
fintech
licencia bancaria
Brasil
Nu Holdings

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Nubank obtains banking license in Brazil after Central Bank approval

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Açucareira Quatá and Mez 6 Energia issue 834 million reais in Brazil

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