Nubank plants its flag in Mexico with $135 million capital injection

The Brazil-based neobank's investment will broaden its banking solutions in Mexico, per Nasdaq. Nubank first entered the market in 2019 with a commission-free credit card and has since onboarded 1.5 million users to the service. Details on potential new products remain unclear—but should its Brazil operation serve as a guide, debit cards, personal loans, and insurance could follow.