David Velez & family

$12.78B

$77M (-0.6%)

as of 10/07/24

About David Velez & family

Vélez is cofounder and CEO of Nubank, a Sao-Paulo based digital bank that offers credit cards, checking accounts and life insurance.

Founded in 2013, Nubank went public as Nu Holdings on the New York Stock Exchange in December 2021; it has 90 million customers in Brazil, Mexico and Colombia.

Vélez started Nubank after seeing that five Brazilian banks controlled 80% of the market and charged high fees for basic financial products.

Before Nubank, he did stints in investment banking at Morgan Stanley, private equity at General Atlantic and venture capital at Sequoia.

Vélez was born in Medellin, Colombia. He and his family fled to Costa Rica when he was nine to escape violence caused by warring drug cartels.

Personal stats

Citizenship

Colombia

Source of wealth

Fintech

Residence

Sao Paulo, Brazil

Marital status

Married

Birth date

10/02/81 (age 43)

Education

Master of Business Administration, Stanford Graduate School of Business; Bachelor of Science, Stanford University

Self-made

self-made