Nubank has launched its new credit card, the Nubank Croma, which features the Platinum format and is distributed in collaboration with Mastercard. Users will have the option to opt for a 0.8% cash back or 1 point for every $1.4 spent. Additionally, the monthly fee will be waived for consumers who meet the requirements and have monthly expenses of at least R$ 4,000.
During a visit to the Nubank headquarters in São Paulo, Vice President Tulio Oliveira commented that the project was conceived to serve clients who have grown alongside the institution. He mentioned that these individuals now have families, are looking to purchase properties or motorcycles, justifying the need for more specialized service.
The Nubank Croma offers a 5% cashback benefit on 28 subscription services, including Netflix, Spotify, Disney, YouTube Premium, iFood Club, Uber One, Amazon Prime Video, Globoplay, and HBO Max. Furthermore, the card grants free access to the NuCel telephony service for a period of six months, and Oliveira assured that special acquisition conditions will be available after this trial period. The NuTag product, intended for access to highways and shopping malls, will not incur a monthly charge.
Other advantages include discounts on HBO Max streaming, fixed at R$ 4.90 monthly, and free access for six months to ChatGPT Go, an advanced artificial intelligence version resulting from a partnership with OpenAI. Holders of the Nubank Croma can also invest in a turbo savings account with CDB that yields 130%, keeping the value for three months, with a maximum investment limit of R$ 10,000. However, the conglomerate clarified that clients who already had investments with Nubank will not be eligible for this specific benefit. The financial institution plans to provide a calculator so that the consumer can estimate the annual savings by keeping various services linked to Nubank Croma.
The Nubank Croma will be available to eligible customers starting Tuesday afternoon, the 28th. To be part of this category, the customer must satisfy certain criteria that were not fully detailed by the executives. It was explained that there are two main requirements to guarantee the fee waiver:
If the customer does not meet one of these requirements, they will have to pay the R$ 39 monthly fee. The executives also confirmed that the traditional Nubank credit card, known as 'roxinho' (little red), and the Ultravioleta brand, aimed at higher-income consumers, will continue to operate normally.
Venezuelan fintech firm Cashea has successfully secured $100 million in institutional funding from both global and Latin American investors to bolster the nation's consumer economy and expand its interest-free consumer finance offerings.
This financing round comprises two parts: a previously undisclosed Series A of $40 million, which concluded in March 2026, and a Series B of $60 million, finalized in June 2026. Spice Expeditions spearheaded the Series A, contributing $20 million in equity alongside $20 million in debt from Architect Capital. For the Series B, FinSight Ventures took the lead, with participation from Spice Expeditions, Endeavor Catalyst, various US endowments, and other international and Latin American investors.
Founded in 2022 by Pedro Vallenilla, Cashea was created to restore access to consumer lending, which had sharply declined during Venezuela's prolonged economic difficulties. The service allows customers to purchase goods, either online or in physical stores, using installment plans with zero interest. Users initiate the process by making a single down payment via the Cashea application and subsequently settling the remaining amount through bi-weekly equal payments.
Currently, Cashea serves over 10 million consumer accounts, representing more than half of the country's adult population. Its platform is connected to approximately 40,000 retailers throughout Venezuela, having processed upwards of 100 million transactions to date. This influx of capital reflects increasing international confidence in the private sector of the country, alongside the trust shown by Venezuelan consumers in the company's ability to serve them.
Cashea intends to deploy the entire $100 million within Venezuela to broaden credit accessibility and introduce supplementary financial services beyond its primary buy now, pay later model. The company aims to develop novel solutions related to payments, savings, and commerce for consumers, while simultaneously equipping merchants with extra tools to aid their business expansion.
This funding announcement followed a recent earthquake in Venezuela. In response to the disaster, Cashea temporarily suspended late payment fees, provided advance cash to merchants to boost liquidity, and increased credit availability to assist families impacted by the event in replacing necessary items.
The latest investment attracted a notably varied group of backers, including venture capital firms, university endowments, institutional investors, and regional funds. Many investors traveled to Venezuela to personally examine Cashea's operations and meet merchants utilizing the platform before finalizing their capital commitments. Cashea states that its long-term vision surpasses mere installment payments; it seeks to construct a comprehensive financial ecosystem enabling Venezuelans to handle payments, save money, and access financial services, all while helping businesses manage their transactions more effectively. As consumer confidence steadily improves, Cashea is establishing itself as a vital financial infrastructure provider supporting daily trade across the nation, believing that expanding digital credit will be crucial in reinforcing Venezuela's retail economy.
