Nubank ft. David Vélez - An Outsider Upends the Brazilian Banking System
When Nubank started 10 years ago, a few big banks in Brazil had a stranglehold on the largest economy in Latin America: they controlled nearly all the market share, and imposed some of the highest fees and worst banking terms in the world. David Vlez was an unlikely character to challenge the system: an outsider from Colombia and Costa Rica with a Stanford MBA, David was working at Sequoia with the goal of investing in Latin American companies. When the realization struck that they couldnt find ...