Nubank Commits R$2.5 Billion to Office Expansion Ahead of Hybrid Work Rollout

Overview

• In São Paulo, the company will open Capote 210 in April 2026 as an innovation hub and begin occupying the 35,000 m² Cyrela Corporate from 2027, taking its Pinheiros footprint to four sites with 5,700 workstations.
• New spaces are slated for H2 2026 in Campinas (Bresco Viracopos, 9,150 m²), Rio de Janeiro (five floors at Vista Mauá, 6,870 m²) and Belo Horizonte (location to be decided).
• Internationally, Mexico City will add two floors to reach capacity for 700 people, Bogotá gained 200 workstations and is set to move in 2028 to a 14,000 m² site for 1,000-plus, with offices also planned for Washington, D.C., and Buenos Aires.
• From July 2026, about 70% of staff must work on-site two days a week, rising to three days in 2027, with an eight-month transition that CEO David Vélez says acknowledges likely disruption for employees far from offices.
• Nubank cites scale—127 million customers across Brazil, Mexico and Colombia and roughly 9,500 employees after 26% headcount growth since 2023—while reports note internal complaints and some dismissals tied to the policy shift.