Nubank Eyes Another Strategic Deal
Hey Digital Banking Fanatic!
Nubank could soon add another acquisition to its growth story.
According to local reports, the company is among the final bidders for the Brazilian banking unit of Portugal's Caixa Geral de Depósitos (CGD) in a deal worth around $46 million.
The amount isn't what stands out.
Buying an existing bank can often be a much faster way to expand than building new capabilities from the ground up. If completed, the deal could also help Nubank strengthen its regulatory position in Brazil as it continues to grow beyond its original neobank model.
And speaking of digital banking leaders, keep scrolling for a side-by-side comparison of Revolut and N26. While both have built highly successful digital banks, they've taken very different paths to get there.
See what else is shaping Digital Banking. 👇 See you tomorrow!
Cheers,
INSIGHTS
📊 Revolut 🆚 N26
Here is a comparison of 𝗞𝗲𝘆 𝗦𝘁𝗮𝘁𝘀 👇️
NEWS
🇦🇪 Mashreq collaborates with Mastercard to expand quick remit cross-border payment corridors. Through this collaboration, Mastercard Move will elevate Mashreq's cross-border remittance capabilities, boosting its overall service proposition and allowing customers to send money directly in local currencies across new international corridors.
🇧🇷 Nubank is making headway in the race to acquire a Portuguese bank's subsidiary, Caixa Geral de Depósitos, in Brazil. The FinTech said it is evaluating multiple options to achieve this goal but has not made a final decision on any specific transaction.
🇬🇧 Tide expands wealth offering with launch of dedicated investment account for SMEs, launching the Tide Investment Account (TIA). The new offering is designed to help business owners grow surplus cash through investing, removing many of the barriers that have historically made wealth creation more complicated for smaller businesses.
🇪🇺 Sygnum has received a MiCA Crypto-Asset Service Provider (CASP) licence in Liechtenstein, enabling it to expand digital asset services across the EU. The authorization strengthens Sygnum’s European growth strategy and supports the rollout of its bank-to-bank platform for financial institutions entering the digital asset market.
🇧🇪 Beobank launches Beobank Pay with the integration of Wero for easy, fast, and secure mobile payments. Initially supporting instant peer-to-peer payments, the app is designed to expand into e-commerce, mobile commerce, and NFC payments while strengthening Beobank’s digital payment capabilities.
🇫🇷 FinTech company Defacto is seeking a banking license in France and is targeting Belgium and Germany. The business financing FinTech expects to reach profitability by early next year and aims to strengthen its ability to support SMEs with working capital solutions across Europe.
🇳🇱 Finom launches Finom AI, an in-app assistant that answers finance questions using customers' real-time business account data. Integrated through the Model Context Protocol (MCP), the tool helps SMEs analyze cash flow, invoices, spending, and balances without relying on third-party integrations.
🇱🇺 Standard Chartered secures MiCA and EMI licences from the Luxembourg regulator. The new licences give Standard Chartered a regulated entry point to offer digital asset services from Luxembourg, with subsequent expansion across the European Union, subject to applicable regulatory approvals and cross-border rules.
🇺🇸 Personetics embeds AI within the digital experience from Fiserv, enabling banks and credit unions to deliver real-time personalized financial insights, proactive guidance, and tailored recommendations for consumers and small businesses.
Want your message in front of 100.000+ FinTech fanatics, founders, investors, and operators?
Shoot me a message on LinkedIn or send me an e-mail.
