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100,000 watched Nubank launch in Colombia
Colombia was Nubank's third country. The launch was a big event with the president, videocast, and 100,000 people were connected to it. He was received by his own people, delivering a product he believed would be great for the country, and it felt like a bit of coming back home.
Another emotional moment came in Brazil, when Nubank passed a number of the incumbent banks. For 10 years, local experts insisted again and again that competing with any bank was impossible, that Nubank would get crushed and die, and that these were the most trusted brands in the ecosystem. Nubank went on to become the largest private bank in the entire country.
Why did so many Colombian families emigrate in the 1990s?
Colombia's armed conflict, involving guerrilla groups, paramilitaries, and drug cartels, made daily life dangerous in many areas. Kidnappings and bombings were common in the late 1980s and 1990s. Many families moved to the United States, Spain, and nearby countries such as Costa Rica. Colombia's national statistics office has estimated that millions of Colombians live abroad.
Why is Costa Rica known as a stable country?
Costa Rica abolished its army in 1948 after a brief civil war, under president José Figueres Ferrer. The decision was later written into its 1949 constitution. The money that would have gone to the military went toward education and health. The country has held regular elections since then, and it is often cited as one of Latin America's longest-running democracies.
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