The tourist VCs in LatAm have gone home

This week, Mary Ann talked to David Vélez, the co-founder and CEO of Nubank, the $50 billion São Paulo, Brazil-based digital bank that offers credit cards, checking accounts and life insurance to consumers. How Nubank has managed to increase its market cap by over 40% in eight months’ time. Why some investors are sticking it out in LatAm, and why it’s a great place to still put venture dollars. Which startups in LatAm have been the most resilient and what other regions can learn from them. All right, sit back, hit play and have some fun with us. Equity will be back next Tuesday due to a U.S. holiday on Monday. See you then! For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices