Michael and Johnny look at the Brazilian neobank, Nubank. We look at its company history, walk through its products, and the keys to its success. We also share our outlook on the future of the company, what's its defensive moat, and how it could potentially differentiate itself from the larger banks. Finally, we determine whether it is a Rich Tech or Poor Tech company.
In the News of the Week, we cover the union-busting and delaying that happened at Instacart and Amazon.
We live stream on Twitch Sundays at 9 AM PST!
Recorded Date: Sunday, January 24, 2021
Time Stamps
- 00:00:18: News of the Week
- 00:04:20: Nubank Overview
- 00:04:56: Founders and History
- 00:20:53: Products and Keys to Success
- 00:28:31: Future Outlook
- 00:36:10: Rich Tech or Poor Tech
Highlights
- Unions are being busted in Tech - Instacart and Amazon
- Nubank is a Brazilian Neobank
- Nubank CEO: "Brazilian banks were akin to going through a first class security experience for an economy class treatment"
- Nubank has an 80-90% referral rate leading to no marketing expenses
- Michael flexes his Span-tuguese
- Johnny is learning some Portuguese
- Are they really going for the unbanked?
- Will they be a regional or global player?
- At what point will the large Brazilian banks start paying attention to Nubank?
- Can they be the AliPay for Brazil?
- What is Nubank's moat?
- Are they a Rich Tech or Poor Tech company?
- Nubank is still early in its journey
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