Nubank recognized by TIME as one of the World’s Most Influential Companies of 2024

São Paulo, May 30, 2024— Nubank, the world’s largest digital banking platform outside of Asia, has been recognized for the third time on TIME100 Most Influential Companies list for 2024, which highlights a selected group of companies that have extraordinary global impact. As part of the Titans category, alongside global giants such as Amazon, Nvidia, Microsoft, and Disney, Nubank stands out as the only Latin American company featured in this category, underscoring its significant role in reshaping the financial landscape across the region. 

“This recognition is a testament to the profound impact we are making in the lives of our over 100 million customers across Latin America. Since launching Nubank over a decade ago, our thesis was that technology companies could revolutionize the financial services industry by fostering competition, innovation, and efficiency to expand access and empower people to recover control over their money. Our ability to help customers save over $11 billion in fees in just one year exemplifies our commitment to this mission. Being recognized by Time for the third time reinforces our relentless pursuit of pushing the boundaries of what’s possible, consistently putting our customers at the center of everything we do,” says Nubank’s founder and CEO, David Vélez.

TIME is one of the world’s most well-known news magazines, published in the United States. The publication first listed Nubank in 2021 in the “Leaders” category. In 2022, the company was highlighted among major enterprises, such as Amazon, Apple, Disney, Netflix, Meta, Microsoft, and others, within the “Titans” category.

The List

The TIME100 Most Influential Companies list, launched in 2021, assembles 100 businesses that generate extraordinary global impact. The selection for the TIME100 ranking is carried out through nominations by the magazine’s editors and correspondents worldwide, with the participation of experts from various industries. The criteria for the final list include relevance, innovation, impact, leadership, and success – dimensions in which Nubank has proven to be exceptional.