NUBANK TAKES ON AMERICA

Summary from the TLDR Fintech newsletter

Nubank went live in the US today through partner Lead Bank while it waits on its full OCC charter (conditional approval came in January). The Nu Account pays 3.5% APY, rising to 4.5% on balances up to $10k if you hold the credit card and use it three times a month. The credit card has no annual fee and 1.5% unlimited cashback, with a route to 2%. Transfers to Brazil, Mexico, and Colombia are free from day one.