David Velez, chairman, co-founder and chief executive officer of Nu Holdings Ltd. (Nubank), during the Bloomberg New Economy at the B20 in Sao Paulo, Brazil, on Wednesday, Oct. 23, 2024. Amid growing tension over trade barriers, environmental upheaval and global security, this special event will complement the annual Business 20 (B20) gathering by convening New Economy's exceptional community of leaders from the public and private sectors to tackle the most urgent challenges. Photographer: Tuane Fernandes/Bloomberg via Getty Images