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Good day, and welcome again to Fairness, the podcast concerning the enterprise of startups, the place we unpack the numbers and nuance behind the headlines.

That is our interview present, the place we sit down with a visitor, take into consideration their work, and unpack the remaining.

This week, we talked to David Vélez, the co-founder and CEO of Nubank, the $50 billion São Paulo, Brazil-based digital financial institution that provides bank cards, checking accounts and life insurance coverage to shoppers.

• How Nubank has managed to extend its market cap by over 40% in eight months’ time and submit $1 billion in internet revenue for 2023.
• Why some traders are sticking it out in LatAm, and why it’s an ideal place to nonetheless put enterprise {dollars}.
• Which startups in LatAm have been probably the most resilient and what different areas can study from them.