Nubank, the largest digital bank in Latin America and one of the largest globally by customer count, will establish a new headquarters at ADGM.
The decision follows a meeting between Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and Nubank founder and CEO David Vélez.
The move will see the ADGM base developed in collaboration with Abu Dhabi investment, economic and financial institutions, including digital banking platform Wio Bank, according to FWDstart.
Discussions focused on potential opportunities for financial services expansion in Abu Dhabi and the wider UAE, with an emphasis on access to Asia and MENA markets.
Founded in São Paulo in 2013 by Vélez alongside Cristina Junqueira and Edward Wible, Nubank has grown into the world’s largest neobank by customer numbers, serving more than 100 million users across Brazil, Mexico, Colombia, Uruguay, the United States and Germany.
The company manages over US$78 billion in assets, with a market capitalisation of around US$70 billion, and reported US$4.9 billion in revenue and US$895 million in net income in Q4 2025.
The Abu Dhabi expansion comes amid wider international growth.
In January 2026, Nubank received conditional approval for a US national bank charter, enabling it to offer deposit accounts, lending, credit cards and digital asset custody in the US.
Featured image credit: Edited by Fintech News UAE, based on image by topntp26 via Freepik
