David Velez, chairman, co-founder and chief executive officer of Nu Holdings Ltd. (Nubank), following an interview in Sao Paulo, Brazil, on Monday, Jan. 15, 2024. Velez says Nubank is snapping up clients from rivals amid a shakeout in Latin American financial startups, helping fuel a 176% rally in its shares. Photographer: Maira Erlich/Bloomberg via Getty Images
