Nu México, a technology company that offers financial services and is a subsidiary of the Brazilian payment institution Nubank, announced the opening of more than 500 positions, available to Mexican citizens and residents.
Last year, Nu Mexico reached 1.4 million customers, a 1,243% year-over-year growth — which suggests that Nu has possibly become the largest issuer of new credit cards in the country in the last quarter of 2021. Nu, the holding company that includes Nubank in Brazil, as well as Nu México and Nu Colombia, added 5.8 million customers in the last quarter, reaching a total of 53.9 million customers in Brazil, Mexico, and Colombia – of these, 41.1 million are considered to be monthly active customers.
Recently, Nubank announced a credit line of $650 million that will be invested in the expansion of its Mexican and Colombian subsidiaries. Nu México is preparing to launch digital accounts this year, after it received regulatory approval for its acquisition of local lender Akala.
The company also announced the promotion of Iván Canales, current Senior Director of International Product, as its new COO. He will be in charge of engineering, product, design, customer operations, and marketing in this role.
Canales, originally from Monterrey, is a Computer Science engineer from Cornell University and has a Master’s degree in Business Administration and Management from Stanford University. He has nearly 20 years of experience at finance and technology companies, including Amazon, BlackRock, and Credit Suisse.
