Fast Company Names Nu the Most Innovative Company in the World in Finance and Personal Finance
March 18 2025 - 3:53PM
Business Wire
Third in the overall global ranking, this is
the fifth time Nu makes the list
Nubank, one of the largest digital financial services platforms
in the world, was included for the fifth time in Fast Company’s
prestigious World’s Most Innovative Companies list. Nu is #1 in the
Finance and Personal Finance category and 3rd place in the overall
ranking, gaining 19 positions from last year. The annual list
recognizes businesses at the forefront of their industries, driving
innovative solutions and shaping the future.
"At Nu, we have always tied innovation to impact and purpose. We
anticipate customers' needs to create solutions that simplify their
lives and help them make better decisions. We are proud to have
sparked a revolution in financial services that has created a new
standard in Latin America -- digital, efficient, and with
best-in-class customer service. This is just the beginning of what
Nu can accomplish, impacting the lives of millions more," says
David Vélez, CEO and Founder of Nu.
This year, Fast Company highlights how Nubank is transforming
financial services, empowering young adults to take control of
their finances from as early as 10 years old. At Nu, under-18s are
able to have an account, their own debit card, and create
"Caixinhas" (Money Boxes) to save and make their money grow, with
high yields that compound over time. The magazine recognized the
notable innovation of the under-18 new features, centered around
teenagers’ autonomy coupled with parents’ insight and oversight
into their kids’ financial lives.
"Our products for under-18 aim to foster financial education,
combining autonomy for the young, while giving parents the
necessary tools to gain oversight and insight for constructive
financial conversations. This approach has yielded encouraging
results: 27% of our under-18 customers save money through
Caixinhas, for example, with 81% of those making more than one
deposit, which indicates that they're building healthy financial
habits. We're proud of the recognition and encouraged to keep on
innovating with purpose," says Vélez.
Among the features mentioned is the shared balance for
Ultravioleta customers. The tool was developed to assist in the
payment and management of shared accounts within the Family Space
(Espaço Família), bringing more efficiency to splitting expenses.
This allows customers to use the shared balance to make deposits,
payments, and transfers, such as electricity bills, groceries, and
any other group needs. NuCel, Nubank's mobile phone service, is
also mentioned as an innovative launch from 2024.
This is the fifth time that Nu has been ranked on Fast Company's
lists, thanks to prioritizing financial solutions while developing
features based on customers’ needs and suggestions. Last year, Nu
was recognized for its innovative security features, such as Modo
Rua (Street Mode, in English), Me Roubaram (I was robbed, in
English), and Alô Protegido.
About the list
Fast Company’s World’s Most Innovative Companies list showcases
organizations that are transforming their respective industries and
reshaping the business landscape. The comprehensive list recognized
609 companies across 58 sectors and regions, ranging from
early-stage startups to renowned global enterprises
“Our list of the Most Innovative Companies offers both a
comprehensive look at innovation today and a playbook for the
future,” said Fast Company editor-in-chief Brendan Vaughan. “This
year, we recognize companies that are harnessing AI in deep and
meaningful ways, brands that are turning customers into superfans
by overdelivering for them, and challengers that are introducing
bold ideas and vital competition to their industries. At a time
when the world is rapidly shifting, these companies are charting
the way forward.”
About Nu
Nu is one of the largest digital financial services platforms in
the world, serving over 114 million customers across Brazil,
Mexico, and Colombia. The company has been leading an industry
transformation by leveraging data and proprietary technology to
develop innovative products and services. Guided by its mission to
fight complexity and empower people, Nu caters to customers’
complete financial journey, promoting financial access and
advancement with responsible lending and transparency. The company
is powered by an efficient and scalable business model that
combines low cost to serve with growing returns. Nu’s impact has
been recognized in multiple awards, including Time 100 Companies,
Fast Company’s Most Innovative Companies, and Forbes World’s Best
Banks.
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