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▶ 26:24 · Neoclouds & Cloud Computing · Cloud-native stack allows continuous updates vs decade-long legacy migrations
episode briefing
In Good Company with Nicolai Tangen

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

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.

now playing · Neoclouds & Cloud Computing
Payments & Banking Infrastructuretailwindscore 9/10david vélez
Digital banks to disrupt $8T financial services as 3B unbanked come online
Traditional banks operate as oligopolies with 80-85% market share, high fees, and poor service, leaving 3-4 billion people unbanked. Digital-native banks with 20x cost efficiency, cloud-nat…
Payments & Banking Infrastructuretailwindscore 8/10david vélez
Credit-first strategy captures 70% of profit pool and drives viral growth via waitlist
Starting with credit (vs deposits) targets the 70% profit pool of financial services and biggest consumer pain point; waitlist mechanics using social invitation data as credit signal create…
Neoclouds & Cloud Computingtailwindscore 7/10david vélez
Cloud-native stack allows continuous updates vs decade-long legacy migrations
Being cloud-native from day one lets digital banks continually re-architect and scale their tech stack, while traditional banks spend 5-10 years just migrating core systems to cloud, creati…
AI Applicationstailwindscore 8/10david vélez
AI will put a banker in every pocket, unlocking wealth for billions
Mobile solved payments inclusion but not credit/advice inclusion; AI agents will provide sophisticated financial expertise to everyone, optimizing wealth, making banks compete on price, and…