A path towards $100B FinTech Giant: Nubank applies for a banking license in Mexico 🇲🇽🏦; Latest earnings show that Goldman Sachs finally has a vision of where it wants to go 📈

FinTech is Eating the World, 20 October

Hey Everyone,

TGIF! We had a really solid week, and we’re going to finish it off with a bang 💣 Today we’re looking at Nubank which just applied for a banking license in Mexico (why this is a huge step towards building a $100B FinTech goliath + a deeper dive into NU & dLocal), and latest earnings from Goldman Sachs (the banking giant finally has a vision of where it wants to go & why Apple is still valuable to them). Let’s jump straight into the fascinating stuff 🌶

A path towards $100 billion FinTech Giant: Nubank applies for a banking license in Mexico 🇲🇽🏦

The news 🗞️ Digital banking giant Nubank NU 0.00%↑ has applied for a full banking license in Mexico, marking a major step in its expansion in Latin America's second-largest economy.

If approved by regulators (it’s only a matter of time), the license will allow Nubank to significantly broaden its product portfolio beyond credit cards and loans, offering Mexicans a full suite of banking services.

Let’s take a closer look at why it matters and why it could be a BIG thing.