The Nubank EC-1
Jun 14, 2021 35 secs
Brazil is a country riven with economic contradictions.

According to an HBS case study, “in December 2018 the interest rate in Brazil for corporate loans was 52.3%, for consumer loans it was 120.0% and for credit card indebtedness it was 272.42%.” Those rates are many multiples higher compared to figures in neighboring countries.

Just last week, this Brazilian credit card and banking fintech raised a $750 million round led by Berkshire Hathaway at a $30 billion valuation, becoming one of the most valuable startups in the world.

The Nubank EC-1 comprises four main articles numbering 9,200 words and a reading time of 37 minutes.

If you have questions, comments or ideas, please send an email to TechCrunch Managing Editor Danny Crichton at [email protected]


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