David Marcus joins Nubank’s board as it eyes country, product and segment expansion
Nubank, a Brazil-based digital bank, has appointed David Marcus to its board of directors.
As a board member, Marcus will support Nubank as it follows its “multi-country, multi-product and multi-segment” expansion strategy.
Marcus is the chief executive officer and co-founder of Lightspark, a company focused on building infrastructure for the Lightning network.
Most recently, he led all the payments and crypto efforts at Meta, which he joined in 2014 to lead Messenger. Previously, he was PayPal’s president.
Marcus joins Nubank after the digital bank reached 75m customers across Brazil, Mexico and Colombia, and net income grew to $138m in the last quarter.
David Vélez, chief executive officer and founder of Nubank, commented: “David brings unique perspectives on how to grow consumer and financial products to a truly global scale.
“We are excited to welcome someone with David’s experience to our board of directors, as we expand our reach into new markets and segments and keep pushing innovation further.”
On his new role, Marcus said: “Nubank is one of the largest and fastest-growing digital financial services platforms worldwide. What the company has achieved in the past decade is an indication of the exciting and significant growth opportunity ahead.”