Bank / Credit Union

Nubank to acquire Banco Porto Real

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July 28, 2026

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Nubank, a financial institution in Latin America, announced it will acquire Banco Porto Real de Investimentos S/A, based in Brazil. This acquisition is pending approval from Brazil's Central Bank, according to a press release.

Once acquired, Banco Porto Real wil be added to the several other licenses that Nubank operators. This is part of the bank's expansion strategy into Brazil.

"Brazil is where Nubank was born, grew, and proved that fairer, simpler financial services are possible at scale. Thirteen years later, it remains our main focus, a market where we can still significantly expand our share and continue driving the transformation of the sector," David Velez, founder and global CEO of Nubank, said in the release.