David Vélez
Person
Colombia and Brazil, banking. Vélez, a Colombian, founded Nubank in São Paulo in 2013 with a fee-free credit card managed entirely from an app, aimed at customers Brazil's concentrated banks overcharged or ignored. He then took it to Mexico and Colombia, applying for local licences and building separate operations rather than serving them from Brazil. Nu now serves well over a hundred million customers, and he remains chief executive.
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