$NU · Nubank CEO sees 10-100x growth in 20 years as digital banking disrupts $8T financial services

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In Good Company with Nicolai Tangen

David Vélez - CEO of Nubank | Podcast | In Good Company | Norges Bank Investment Management

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Nubank CEO sees 10-100x growth in 20 years as digital banking disrupts $8T financial services

2025-10-08 · 1 company · 4 thematic

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david vélez

David Vélez is the co-founder and CEO of Nubank, one of the world's largest digital banks serving nearly 120 million customers across Brazil, Mexico, and Colombia. He previously worked at Goldman Sachs, Morgan Stanley, General Atlantic, and Sequoia Capital.

quote

“You know, I think it's it's 10 to 100x the size that we have right now. Financial services is the biggest segment of the world economy today. It's over $8 trillion of profit. And still 99% is still dominated by banks with branches... And y…”

—david vélez

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Nubank CEO sees 10-100x growth in 20 years as digital banking disrupts $8T financial services

Traditional branch-based banks still dominate 99% of $8T+ global financial services profit pool; 3-4 billion people remain unbanked. Nubank's cloud-native, branchless model with 2…