Brazil's Nubank to invest $474 million to expand offices under hybrid plan

SAO PAULO, Jan 26 (Reuters) - Nubank said on Monday it will invest more than 2.5 billion reais ($474 million) over five years to expand its office network in Brazil as part of a new hybrid work model.

The Brazilian digital lender, which is listed in the U.S. through Nu Holdings NU.N, said late last year that starting in July 2026 it would require around 70% of its staff to work in offices two days a week.

• Nubank will occupy two new Sao Paulo buildings, it said in a statement.

• New workspaces will also open in Campinas, Rio de Janeiro and Belo Horizonte.

• "The regions were chosen with a focus on attracting and retaining talent," Nubank said.

• Nubank is also expanding its offices in Mexico City and Bogota.

• Workspaces were inaugurated in Miami and Palo Alto, and Nubank said that soon it will also have offices in Washington, D.C. and Buenos Aires.

• Nubank's headcount grew 26% between September 2023 and September 2025 to 9,500.

($1 = 5.2754 reais)