Nubank Gets First Green Light for US Bank, to Launch in 2027

Nu Holdings Ltd. won preliminary approval to perform some banking activities in the US, a first step by the Latin American fintech to move into the world’s largest economy.

The Office of the Comptroller of the Currency offered conditional approval for a national bank license for Nubank, as the company is known, according to a statement Thursday. The new entity will be called Nubank NA.

“The approval is not just an extension of our operation; it’s an opportunity to prove our thesis that a digital-first, customer-centric model is the future of financial services globally,” Nubank co-founder and Chief Executive Officer ...