Business

Nubank to fund the education of Black programmers after controversy

Nubank will invest BRL 20 million in initiatives to increase the number of black people in the company's staff

Photo: REUTERS/Paulo Whitaker
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  • Founders David Vélez, Edward Wible, and Cristina Junqueira said in a letter that Nubank will also launch in 2021 a mentoring program focused on Black candidates;
  • But people trained by the program will not necessarily be hired by Nubank.

Nubank‘s founders said in a letter on Thursday that the institution will fund the training of 1,250 black programmers. In a recent interview, one of Nubank’s co-founders Cristina Junqueira said that Nubank could not “level down the playing field” when asked if the requirements for working at the fintech were not limiting the inclusion of black professionals in the company’s leadership.

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In the letter, Nubank said that will invest BRL 20 million in initiatives to increase the representation of Black employees in the company’s staff and also in the sector as a whole.

Founders David Vélez, Edward Wible, and Junqueira said in the letter that Nubank will also launch in 2021 a mentoring program focused on Black candidates, in addition to reviewing their recruitment practices.

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The fintech added that people trained by the program will not necessarily be hired by Nubank.

(Translated by LABS)

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