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Nubank Launches US Deposit Account Through Sponsor Bank Partnership
Nubank has introduced a US deposit account via a sponsor bank, marking its first deposit product directly available to American consumers. This expansion puts Nubank in direct competition with US neobanks and traditional banks, as it adapts its Latin American strategy for the US market. Nubank’s leadership is actively recruiting US customers and working with regulators to ensure compliance as it seeks to establish a foothold outside Brazil.