Nu, a leading Latam-focused neobank, has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national bank, Nubank N.A. This marks a significant step for Nu, which currently serves over 127 million customers across Brazil, Colombia, and Mexico, as it expands into the U.S. market. The São Paulo-based company is now tasked with meeting OCC requirements, including capitalization, to launch Nubank N.A. within the next 18 months. Nu's co-founder Cristina Junqueira will manage the new venture, with former Central Bank of Brazil President Roberto Campos Neto as Chairman. Nu aims to demonstrate the viability of digital-first banking in the U.S., building on its success in Latin America.