Business is booming.

Nubank’s IPO filing gives us a peek into neobank economics – TechCrunch

86


As the neobanking boom has matured into a collection of large digital banks, we’re slowly getting a better picture of the economics of such business efforts. Chime was early in telling the market that it was EBTIDA positive, for example, unlike less profitable European neobanks.

The upcoming Nubank IPO — technically the public offering of Nu, but we’ll just say Nubank for simplicity — provides us with far more information and detail regarding the operations of a neobank at scale, thanks to its newly public filing.


The Exchange explores startups, markets and money.

Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.


In good news for its peers that may seek to go public, the numbers Nubank has shared seem to make pretty reasonable business sense.

We will have more notes in time regarding the company’s offering, its shareholders, its varying business lines and more. This morning, we’re narrowing our focus to the broad economics of neobanking and will end with an examination of Nubank’s aggregate financial health. We’ll take just a second at the end to test a few valuation marks against what we find.

Building a neobank at scale is not cheap. Leading startups and unicorns in the market niche have raised tectonic sums of capital to get to where they are today. But what did all that cash buy them? In Nubank’s case, quite a lot, it appears.

The economics of neobanking

Nubank is one of the most valuable startups in the world, with over 40 million users across Brazil, as well as Mexico and Colombia.

Neobanks, like any consumer product, can be viewed through the lenses of customer acquisition costs, customer monetization and activity, and long-term revenues. We want to know what Nubank pays to attract new users, how their product use and rates thereof translate to income and how much the fintech giant can juice users for over a longer time horizon.

Customer acquisition costs

Nubank is proud of its customer acquisition costs (CAC). The company states in its F-1 filing that its CAC was “US$5.0 per customer of which paid marketing accounted for approximately 20%” for the first three quarters of 2021. That’s lower than we anticipated, frankly.



Source link

86 Comments
  1. zoritoler imol says

    Hello.This post was really fascinating, particularly since I was looking for thoughts on this topic last Monday.

  2. DerekIsaiah says

    thank you so much for this awe-inspiring web site me and my phratr admired this self-complacent and perceptivity blackhatseo

  3. AdrielMaverick says

    thank you so much for this awe-inspiring site me and my phratr admired this message and perceptivity blackhatseo.win

  4. MilesPrawn says

    электроштабелеры
    https://elektroshtabeler-kupit.ru

  5. WilliamidetA says

    самоходные штабелеры
    https://www.shtabeler-elektricheskiy-samokhodnyy.ru/

  6. Anthonyvar says

    ножничные подъемники
    http://nozhnichnyye-podyemniki-dlya-sklada.ru/

  7. JesseJal says
  8. ThomasKAH says
  9. Michaelsap says
  10. DanielceR says

    самоходный подъемник
    https://podyemniki-machtovyye-teleskopicheskiye.ru

  11. DennisWhite says

    мачтовый подъемник
    https://podyemniki-machtovyye-teleskopicheskiye.ru/

  12. RonaldGub says

    телескопический подъемник
    https://podyemniki-machtovyye-teleskopicheskiye.ru

  13. RichardBor says

    телескопическая вышка
    https://podyemniki-machtovyye-teleskopicheskiye.ru

  14. BrentBeaut says

    стол с подъемным механизмом
    https://gidravlicheskiye-podyemnyye-stoly.ru

  15. Xhqhvs says

    buy levofloxacin 250mg generic levofloxacin brand

  16. Igtfxv says

    dutasteride online order order celecoxib without prescription order zofran 8mg online cheap

  17. Lieaty says

    aldactone us spironolactone ca generic diflucan 200mg

  18. Gyaeyt says

    acillin cost cephalexin 500mg without prescription erythromycin 500mg oral

  19. Dwyxdt says

    fildena 50mg for sale sildenafil ca robaxin 500mg canada

  20. Rifwcs says

    order suhagra sildalis generic estradiol cost

  21. Oyzgjl says

    buy lamictal sale buy prazosin online cheap retin usa

  22. Nibevt says

    tadalis 20mg canada avana 200mg tablet voltaren 50mg sale

  23. Fqhtxc says

    isotretinoin oral buy amoxicillin 250mg pills oral zithromax 250mg

  24. Kqrqrx says

    order generic indocin 50mg trimox 250mg oral cost trimox

  25. Lbiojx says

    cialis generic name tadalafil canadian pharmacy real viagra sites

  26. Uoatet says

    purchase anastrozole pills arimidex 1 mg for sale viagra 50 mg

  27. Vxwpko says

    cialis 40mg pour homme sildenafil 50mg generique en pharmacie viagra 200mg sans ordonnance en pharmacie

  28. Kgulyp says

    prednisone 20mg canada viagra 50mg uk buy viagra online

  29. Bbyrir says

    cialis 5mg kaufen generika cialis 10mg kaufen für männer sildenafil 200mg für männer

  30. Rcfomz says

    order modafinil generic Best cialis price acetazolamide usa

  31. Whkotf says

    purchase doxycycline pill buy clomid 100mg pill oral lasix

  32. Kzhmvq says

    order altace 5mg without prescription buy irbesartan 300mg generic azelastine sale

  33. Lrgbqy says

    order catapres 0.1 mg without prescription tiotropium bromide 9mcg us buy spiriva pills

  34. Qkznhe says

    buy buspar 10mg online buy oxybutynin sale ditropan for sale

  35. Jeaqfr says

    buy generic terazosin 5mg hytrin oral azulfidine us

  36. Bhmmxq says

    alendronate 70mg price order panadol 500 mg pill famotidine 40mg cost

  37. Kpmumf says

    olmesartan 20mg for sale order benicar online cheap brand diamox

  38. Yxvbch says

    prograf us tacrolimus 1mg pills generic urso

  39. Akvthi says

    buy imdur 20mg without prescription buy digoxin 2250 mg pill brand micardis 20mg

  40. Odqyyc says

    bupropion 150mg us buy quetiapine 100mg online cheap generic seroquel

  41. Zjdbmn says

    buy molnupiravir 200mg without prescription molnunat sale order prevacid 30mg online

  42. Gkbzmt says

    order zoloft generic cost sildenafil 100mg buy sildenafil 50mg

  43. Zgprmd says

    purchase imuran sale salbutamol pills sildenafil for sale

  44. Rkqxvo says

    buy cialis 40mg for sale tadalafil 5mg oral cost viagra 50mg

  45. Mlzyea says

    order generic tadalafil 20mg cialis brand cost amantadine 100mg

  46. Bigvdy says

    buy naltrexone 50mg online abilify brand aripiprazole without prescription

  47. Axwfql says

    avlosulfon online fexofenadine 180mg ca oral aceon 4mg

  48. Qeuavs says

    order provera 10mg generic periactin 4 mg oral cyproheptadine 4mg cost

  49. Fzmfje says

    order isotretinoin 10mg pill order prednisone 40mg online cheap deltasone buy online

  50. Rlauxb says

    nootropil buy online buy viagra 100mg viagra online buy

  51. Fcjenp says

    cheap azithromycin 500mg prednisolone 5mg cost buy gabapentin

  52. Gdugty says

    buy tadalafil 5mg sale cialis 20mg us buy sildenafil 100mg online cheap

  53. Ytxgqc says

    generic cialis india tadalafil 10mg price order clomipramine 50mg online cheap

  54. Beyfas says

    aralen oral buy baricitinib online buy olumiant generic

  55. Rjrstn says

    itraconazole price sporanox canada order tindamax 500mg generic

  56. Nrojni says

    buy glycomet 500mg pills order lipitor 10mg for sale cialis 40mg over the counter

  57. Ertxfi says

    buy zyprexa 10mg pills order zyprexa 10mg online diovan 80mg brand

  58. Vakkpw says

    order norvasc 10mg pill cialis from canada cialis 40mg cost

  59. Jvtdee says

    buy clozapine 50mg pills order decadron 0,0,5 mg pill order dexamethasone 0,5 mg online

  60. Kxshue says

    prilosec drug omeprazole tablet poker online cash

  61. Uqyxyp says

    lopressor 100mg canada metoprolol 50mg generic oral levitra 10mg

  62. Bqnwbt says

    my mother essay writing free slots online big fish casino online

  63. Gaavdg says

    levitra sale vardenafil online order methylprednisolone 16 mg without a doctor prescription

  64. Czmhdu says

    academic writing terms sildenafil mail order usa viagra 50mg

  65. Wyqbua says

    clomiphene cost play roulette free for fun gambling casinos

  66. Zzjzvd says

    purchase aristocort without prescription order aristocort 10mg generic purchase desloratadine generic

  67. Wopurf says

    cialis tadalafil 40mg free shipping viagra brand viagra 50mg

  68. Zrnotl says

    order cialis 5mg generic inderal without prescription buy clopidogrel 150mg pills

  69. Kgqlhv says

    allopurinol 300mg generic purchase ezetimibe generic cheap ezetimibe 10mg

  70. Xjcqkq says

    buy methotrexate without prescription metoclopramide 20mg pills reglan 20mg pills

  71. Tamlhq says

    motilium cost flexeril for sale cyclobenzaprine canada

  72. Akdntu says

    order baclofen generic baclofen 25mg sale toradol 10mg cheap

  73. Qbwqmn says

    order sumatriptan 50mg pill levofloxacin over the counter avodart oral

  74. Cqxsod says

    colchicine tablet buy colchicine sale free spins no deposit canada

  75. Oxayih says

    order zantac 300mg for sale order ranitidine 300mg generic buy celebrex 200mg without prescription

  76. Tzxamo says

    online casino real money us play casino no deposit free spins

  77. Zrrblj says

    flomax price tamsulosin 0.2mg drug buy spironolactone for sale

  78. Firzdi says

    order cialis 20mg for sale cialis for sale ciprofloxacin pills

  79. Iutsva says

    buy zocor order propecia 5mg generic finasteride online buy

  80. Geuoaw says

    order metronidazole 200mg order flagyl 200mg order bactrim pill

  81. Duyweh says

    diflucan 200mg drug viagra 150mg buy sildenafil 100mg sale

  82. Jetbdv says

    order cephalexin 250mg generic cephalexin 125mg drug erythromycin 250mg for sale

  83. Uqaxsa says

    cialis for women tadalafil 10mg oral viagra 50mg

  84. Cqyiyf says

    canadian viagra online pharmacy sildenafil brand tadalafil 5 mg tablet

  85. Gcyjaq says

    ceftin 250mg tablet robaxin cheap robaxin 500mg canada

  86. Vkqrul says

    free blackjack games real money casino online usa cialis 40mg generic

Leave A Reply

Your email address will not be published.