Nubank unit economics

Nubank is an example of why scale matters in fintech.

The average monthly revenues per customer increased from $3.5 in Q1 2021 to $8.6 in Q1 2023 (+146%).

In the same period (Q1 2021 vs Q1 2023) the number of customers of Nubank increased from 30m to 80m and a quarterly loss of $50m switched to a quarterly profit of $141.8m.