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Top related persons:
Ivan Canales - 2 Valentine Hilaire - 2 Paulo Whitaker - 1 Canales - 1 Nubank - 1 David Alire Garcia - 1 Varun - 1 Brendan McDermid - 1
Top related locs:
MEXICO Mexico Brazilian Sao Paulo Brazil New York U.S
Top related orgs:
REUTERS - 2 Thomson - 2 MEXICO CITY - 1 Nu Holdings - 1 New York Stock Exchange - 1

Search resuls for: "Ivan Canales"


2 mentions found


☆ Nubank's Mexico arm seeks banking license to grow product portfolio
  + stars: | 2023-10-19 | by ( Valentine Hilaire | Thomson Reuters | Valentine | ) www.reuters.com   time to read: +2 min
REUTERS/Paulo Whitaker/File Photo Acquire Licensing RightsMEXICO CITY, Oct 19 (Reuters) - Brazilian fintech Nubank's Mexico arm has requested a banking license from local regulators, the unit's top executive said on Thursday, describing it as a bid to broaden product offering. A banking license would allow Nubank to offer "diverse kinds of investments," including shares in Mexico's main stock index, the company said in a statement to Reuters. Other opportunities stemming from a banking license include handling direct deposits of salaries for customers and setting higher deposit limits, Nubank Mexico head Ivan Canales said in an interview. Canales did not provide a timeline for obtaining the license in what is Nubank's second-biggest market after Brazil. Funding for Nubank's expansion plans will come from parent company Nu Holdings (NUN.MX) and deposits made by their customers, said Canales.
Persons: Paulo Whitaker, Ivan Canales, Canales, Nubank, Valentine Hilaire, David Alire Garcia, Varun Organizations: REUTERS, MEXICO CITY, Reuters, Nu Holdings, Thomson Locations: Brazilian, Sao Paulo, Brazil, MEXICO, Mexico
☆ Fintech Nubank to launch personal loans for Mexican market
  + stars: | 2023-09-05 | by ( Valentine Hilaire | Thomson Reuters | Valentine | ) www.reuters.com   time to read: +1 min
A banner for Nubank, the Brazilian FinTech startup, hangs on the facade at the New York Stock Exchange (NYSE) to celebrate the company's IPO in New York, U.S., December 9, 2021. REUTERS/Brendan McDermid/File photo Acquire Licensing RightsMEXICO CITY, Sept 5 (Reuters) - Nubank, one of Latin America's biggest fintech companies, announced on Tuesday the launch of personal loans for the Mexican market, aiming to boost its financial services portfolio in the region's second-largest economy. The new product will allow customers to obtain personal loans in less than five minutes through its platform, the digital bank's Mexican arm, known as Nu Mexico, said in a statement. "Around 20% of the adult population connected by smartphones in Mexico has already applied to a Nu product. Executives from the fintech firm told Reuters last month Mexico is the market showing more potential for growth, and the company is ready to roll out products at a faster pace next year.
Persons: Brendan McDermid, Ivan Canales, Brazil's Nubank, Valentine Hilaire, Sandra Maler Organizations: New York Stock Exchange, REUTERS, Reuters, Thomson Locations: New York, U.S, MEXICO, Mexico
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