Crypto-friendly bank Nubank plans to invest $8.2 billion in the Brazilian market in 2026, ramping up its AI and credit expansion.

CoinFeed reported on May 1 that, according to Crowdfundinsider, crypto-friendly bank Nubank announced plans to invest $8.2 billion in the Brazilian market by 2026, nearly doubling the investment from two years ago. The funds will be primarily invested in four areas: upgrading its AI-driven credit assessment system, optimizing digital financial products and functions, expanding its team and infrastructure, and strengthening its capital structure and lending capabilities. Nubank currently has 113 million customers in Brazil, representing over 60% of the country's adult population.