Nubank, a prominent digital financial services platform in Brazil with over 131 million customers, has been officially integrated into the Brazilian Federation of Banks (Febraban) as announced on Wednesday, December 16. Founded just 12 years ago, Nubank reported impressive revenues of $16.3 billion and a net profit of $2.9 billion in 2025, marking its rapid growth in the financial sector. The Febraban noted Nubank's significant contribution in including 29 million individuals into the financial system in recent years.

The decision to add Nubank to its association was made unanimously by Febraban's Board of Directors during their first ordinary meeting of 2026. This move comes with a favorable recommendation from Milton Maluhy Filho, the CEO of Itaú Unibanco, who is expected to take over as president of Febraban in the upcoming administration. This transition signifies a strengthening of collaborative ties between traditional banks and innovative fintech companies, reflecting the evolving landscape of financial services in Brazil.

Nubank's membership in Febraban not only highlights its growth and recognition in the banking industry but also reinforces its role in the ongoing digital transformation of financial services. As Nubank continues to expand its influence, its inclusion in key banking discussions will likely shape future policies and initiatives aimed at enhancing financial inclusion and innovation across Brazil.