Brubank Catches The Attention Of The Brazilian Fintech
Since August 22, 2025, various outlets have indicated that Nubank might be preparing its return to Argentina through the acquisition of Brubank.
The Brazilian fintech, founded in 2013, reportedly started a phase of due diligence to evaluate the operation.
This procedure corresponds to a preliminary audit, conducted before the purchase is finalized, according to reports by iProUP on August 22, 2025.
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According to a report from BTG Pactual on August 27, 2025, cited by NeoFeed, Nubank has indeed shown interest in this transaction.
Negotiations, however, are said to have been halted without a formal agreement. Nevertheless, the company’s willingness to return to the country remains.
When questioned, Nubank stated that it “does not comment on rumors or speculation.”
However, it emphasized its commitment to open and transparent communication on relevant issues.
Recent History And Favorable Context
Nubank had briefly operated in Argentina in 2019.
At that time, it set up an office in Buenos Aires with a team of 12 employees.
However, adverse macroeconomic conditions led to the decision to pull back.
Analysts interpreted this move as a strategic pause in light of local instability.
Now, in 2025, the favorable political environment under Javier Milei’s government has reignited interest.
The scenario has opened space for foreign fintechs, increasing the appetite to return to the country.
What Brubank Offers And What Nubank Would Gain
Entrepreneurs founded Brubank in 2017 and the bank obtained its license in 2018.
It is considered the first digital bank in Argentina.
The institution offers a digital account with a Visa card, exchange services, investments, payments via QR, loans, and interest-earning accounts.
In 2024, its client base was between 3.6 and 4 million.
This growth strengthened Brubank’s role as a reference in the Argentine digital sector.
The acquisition would allow Nubank to quickly access local infrastructure, a consolidated client base, and a regulatory license.
BTG analysts highlighted that this would provide a competitive advantage over Mercado Pago.
Nubank’s efficient and scalable digital model would strategically integrate into the Argentine market.
Recent Financial Results Of Nubank
In the second quarter of 2025, Nubank reported a net profit of US$ 637 million.
Additionally, it recorded revenue of US$ 3.7 billion.
This result represented growth driven by the client base, which had already reached almost 123 million people.
The activity level also rose to 83%.
Nubank’s market valuation is around US$ 66 billion.
Projections indicate the possibility of surpassing US$ 100 billion by the end of 2026.
About Brubank
Brubank, based in Buenos Aires, was founded in 2017 by Juan Bruchou, Diego Pando, and Pablo Sánchez. Additionally, the company emerged with a 100% digital proposal.
Still in September 2018, the bank received a license from the Central Bank of Argentina, which allowed its formal and structured operation.
Right after this achievement, the institution launched its app, thus enabling complete digital access to the services offered to its clients.
In August 2019, David Thomson acquired a 15% stake in the bank, which drew attention in the Latin American financial market.
With this investment, Brubank strengthened its presence in the Argentine financial landscape, expanding its influence and attracting new investors to the digital banking sector.

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