By Brazil Stock Guide – Nubank said it will invest more than R$2.5 billion ($510 million) over the next five years to expand its office network in Brazil, reinforcing a hybrid work model as the digital bank scales up operations.
The plan includes occupying two new office buildings in São Paulo and opening additional workspaces in Campinas, Rio de Janeiro and Belo Horizonte, according to a company statement. Nubank’s shares trade in the US through its holding company, Nu Holdings Ltd. (NU).
Starting in July 2026, about 70% of Nubank’s workforce will be required to work from offices at least two days a week. The company said the selected locations aim to support hiring and retention as competition for skilled labor intensifies in the financial technology sector.
Nubank is also expanding its physical presence outside Brazil. The lender is growing offices in Mexico City and Bogotá, while new workspaces have already opened in Miami and Palo Alto. Additional offices are planned for Washington, DC, and Buenos Aires.
The expansion follows a sharp increase in headcount. Nubank’s workforce grew 26% between September 2023 and September 2025, reaching about 9,500 employees, according to data disclosed with the announcement.