Hello and welcome back to Equity, a podcast about the business of startups where we

unpack the numbers and nuance behind the headlines. I'm Marianne Asavado. This is our

Wednesday show where we niche down to a single person, think about their work, and unpack the rest. a Apollo Brazil based Digital Bank that offers credit cards checking accounts and life insurance to consumers.

It has a market cap of $35 billion currently.

I'm excited to talk with you DeVide. to the show thank you for being here

thank you Marianne for an invitation it's a pleasure to be here it's great to have you on the

show new bank has been a topic of discussion lately on our equity

podcasts as we've all been impressed with your ability to achieve and

maintain profitability in this challenging macro environment so today we're

going to talk about a variety of things we'll talk about some of New Banks recent

milestones how the Latinam FinTech market differs

from that of the US, the state of digital banks in general, and how you see banking

evolving in the next few years from the lens of both a founder and previous investor.

So I know you co-founded New Bank in 2013 and help take the company public in 2021, but what many

people may not realize is that prior to founding new bank you were a partner at Sequoia Capital leading that firm's Latam investments.

So I believe that might give you a unique lens as a founder.

Yeah, that's right. I always wanted to... might give you a unique lens as a founder.

Yeah, that's right.

I always wanted to be an entrepreneur.

Come from an entrepreneurial family,

but it took me a while to figure out how to get there.

And partly of the road to get there was becoming an investor, first in growth equity, then in venture capital. Being from Colombia and having lived in Brazil, always wanted to go back to Latin America and do this in the region.

...