With a customer base that looks to the future, Nubank is aiming for a record valuation

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Small neo-banks are growing. The IPO of the Brazilian Nubank is an opportunity to take stock of a sector that is consolidating and showing signs of maturity and different business models.
The Brazilian group – technically Nu Holdings, but known by all with the retail brand – launches a glimpse into the South American fintech reality that is demonstrating a dynamism superior to Asian countries, usually benchmark for the sector at the emerging level.

The shortcomings of traditional banking systems …