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Nubank has outlined a plan to invest over BRL 2.5 billion, or about USD 474 million, over five years to expand its office network as it prepares for a revised hybrid work model. From July 2026, around 70% of employees will be expected to work from offices two days a week. The expansion includes new offices in Sao Paulo, Campinas, Rio de Janeiro and Belo Horizonte, along with growth in cities such as Mexico City and Bogota. Nubank's workforce reached about 9,500 employees by late 2025.
Nubank has announced plans to invest more than BRL 2.5 billion, equivalent to about USD 474 million, over the next five years to expand its office network across Brazil. The investment is linked to the company's revised hybrid work model, under which a large part of its workforce will return to offices on a limited basis. Advertisement
The Brazilian digital lender, which operates in the US market through its parent Nu Holdings, had communicated toward the end of last year that from July 2026 it would require nearly 70% of its employees to work from offices at least two days a week. The office expansion is aimed at supporting this transition while maintaining flexibility for staff.
As part of the plan, Nubank will take up space in two new office buildings in Sao Paulo, strengthening its presence in its largest operational hub. Additional workspaces are planned in Campinas, Rio de Janeiro and Belo Horizonte. The company indicated that these locations were selected to help attract skilled professionals and retain existing talent in key technology and financial services markets.
Beyond Brazil, Nubank is also scaling up its physical footprint internationally. Office expansions are underway in Mexico City and Bogota, reflecting the lender's growing operations in Latin America. New workspaces have already been opened in Miami and Palo Alto, and the company has indicated that offices in Washington, D.C. and Buenos Aires are expected to follow.
Nubank's workforce has expanded sharply in recent years, with headcount rising 26% between September 2023 and September 2025 to around 9,500 employees. Founded in 2013, Nubank has grown from a credit card startup into one of the world's largest digital banks, serving tens of millions of customers across Brazil, Mexico and Colombia.
Source Reuters
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