Nubank Seeks Final U.S. Banking License After 2025 Revenues Jump 45% to $16.3B
Nubank received conditional approval in January to operate as a bank in the United States and is awaiting a final license to enter the world’s largest financial market. The digital bank posted record 2025 revenues of $16.3 billion, a 45% increase, while serving 131 million clients across Brazil, Mexico and Colombia.
1. Conditional U.S. Banking Approval
In January, Nubank secured conditional approval to operate as a bank in the United States and is now awaiting a final license to launch services in the world’s largest financial market. CEO David Velez noted that recent regulatory changes under the current administration have lowered barriers and encouraged competition for digital entrants.
2. Record 2025 Financial Results
Nubank reported record revenues of $16.3 billion in 2025, representing a 45% year-over-year gain. The bank’s customer base grew to 131 million clients across Brazil, Mexico and Colombia, highlighting broad adoption of its fully digital platform.
3. Expansion Strategy and AI Integration
The company plans to leverage its digital infrastructure for long-term global growth, positioning artificial intelligence as a central pillar for enhancing customer engagement and optimizing operations. AI-driven tools will support personalized financial products and streamline service delivery.
4. Digital Cost Advantage
Nubank’s 100% digital model allows it to serve customers at just 4–5% of the cost incurred by traditional banks. This cost efficiency underpins competitive pricing strategies and the bank’s mission to reach financially underserved populations.