Juan Miguel Guerra Dávila

Currently, Nubank represents over 34% of the approximately 44 million active consents in the 🇧🇷 ecosystem. In less than two years, Nubank reaches 15 million consents in Open Finance 🤯 For perspective, in January, the digital bank with the purple card had around 13 million consents, compared to the system's total of 42 million. “This reflects the engagement of customers who are increasingly sharing data,” says Luciana Samara Kairalla Bahmdouni, Nubank’s general manager of Open Finance. “Today, 68% of the consents in Open Finance are either from customers bringing data to Nubank or people taking this data to other institutions.” More info: https://lnkd.in/eDH3WPWK Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #openbanking #openfinance #digitalbanking #fintech #fintechindustry #financialtechnology #fintechnews

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A comparative Insight into Digital Banking Performance in 2024👇 📈 Key Performance Insights: ► Nubank astounds with a remarkable financial turnaround, posting $1,030m in profits and an impressive revenue surge to $8,028m, demonstrating effective cost management and aggressive market penetration. ► Revolut transitions from red to black, achieving profitability in 2021 with smart diversification and technological advancements, expecting to boost revenue to $1,875 million for 2023. ► Monzo Bank's growth and market expansion have been steady, but profitability has been elusive. However, with last year's achievement of monthly profitability, there's optimism about maintaining this trend in the 2024 financial statements. Monzo aims for this year to signal a clear path to sustained profitability. ► Starling Bank showcases a sustainable growth model with a profit of $179m, supported by strong customer deposits and a focus on both retail and business sectors. Market Valuations and Customer Engagement: ► Nubank leads with a market cap of $51.8 B and a customer base of 95 million, demonstrating a high ARPU of $84.5. ► Revolut has the lowest ARPU at $30.3, potentially reflecting its previous strategy of attracting a high volume of users with low-cost services, while it holds a significant valuation of $25.7B, as last week emerged that Schroders Capital Global Innovation Trust has revalued its stake in Revolut upward by 45%, underscoring its solid market positioning and the optimism surrounding its financial trajectory ► On its side, Starling is in a phase of stabilization following the departure of its CEO in June 2023. With Raman Bhatia now at the forefront as the new CEO, the challenge lies in maintaining the strong performance figures the bank has shown, including robust growth in deposits and customer engagement, along with impressive ARPU statistics. Dive into the full analysis by Javier Guevara Torres from C-Innovation to understand how these digital banks are setting the benchmarks for success: https://lnkd.in/eAtc7kgn Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] Get the most important FinTech news and analysis in a 5 minute daily briefing you’ll actually look forward to reading. Sign up now: https://lnkd.in/eiQBxdTW #neobank #challengerbank #bankingapp #banking #bankingindustry #fintech #fintechindustry #financialtechnology #fintechnews

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🚀 Big News! 🚀 We’re super excited to share that our Bank Account Validation solution is now live across the entire US! 🎉 Now, companies can seamlessly connect and verify bank accounts from anywhere in Latin America and the US with 100% of US banks through a single, borderless API. This amazing milestone is a giant leap forward in our mission to break down financial barriers. Our pan-regional approach to account validation, now supercharged with our US expansion, lets companies verify bank account authenticity faster and more securely than ever. With this enhanced information, businesses can wave goodbye to costly errors in both national and international financial processes. Expanding to the US market not only highlights our dedication to developing top-notch technological infrastructure for global financial connectivity but also marks a significant leap in our mission to create a single cross border banking API. Kudos to everyone who’s been part of this journey! #Prometeo #TheBorderlessBankingAPI #WeAreBorderless

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🚨 𝙅𝙐𝙎𝙏 𝙄𝙉: Revolut aims to launch its operations in Mexico 🇲🇽 in the first half of 2025, according to Juan Miguel Guerra Dávila, CEO of the company in Mexico. Juan Guerra also indicated that they already have over 100,000 people on the waiting list to become customers. “I’m hopeful that we can launch in the first half of next year, but I’m not certain. It could be sooner, it could be later,” Guerra said to the media after participating in the Finnosummit 2024 event. Revolut received a banking license in Mexico from the National Banking and Securities Commission (CNBV) last April, but it still requires final authorization to officially begin operations. Guerra mentioned that they are currently undergoing the necessary steps to receive this approval and emphasized that they are “on the right track,” though delays could occur due to factors such as the upcoming federal government transition. While waiting for the final authorization, the company is fine-tuning the products with which they will launch, including a bank account with no deposit limits (known as level 4), as well as international money transfers. Guerra did not rule out competing in the so-called “rate wars” by offering a high-yield savings product, a strategy other financial institutions use to attract more customers. However, he believes that Revolut’s main appeal will be its free international transfers. More info: https://lnkd.in/dvUTpUws Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

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