☀ Domingo Brief — Nubank hits 100M

Each Sunday, take two minutes to catch key stories and opportunities shaping Latin America.

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Welcome back to the Domingo Brief! This week, we’re keeping up with disaster flooding in southern Brazil, Panama’s election results, Argentina’s whale revival, and more.

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Trivia of the Week

Just 35% of you were correct last week: Petrópolis, not Florianópolis, was the summer residence of the Brazilian imperial family during the era of the country’s monarchy. The mountaintop city, found in the state of Rio de Janeiro in the country’s southeast, was the de facto capital of the country during half of the year. The royal family, nobility and elites, and even foreign diplomats all stayed in this city to get away from the sweltering heat (and yellow fever) in Rio.

Each week, tune back in for the answer to the previous week’s trivia question. No cheating!

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🇦🇷 Argentina is beginning to see sei whales reappear off its Patagonian coast, nearly a century after they disappeared as a result of heavy whaling. The overall success of the International Convention for the Regulation of Whaling, an in particular a 1986 moratorium on commercial whaling, in restoring whale numbers globally is likely to be the biggest cause for the return of these marine giants to Argentina’s coastlines.

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🇧🇷 Rio Grande do Sul has experienced the worst flooding in its history. The southernmost Brazilian state of 11M people has seen over 100 deaths, over 130 people missing, and over 400 people injured. Over 425 cities and municipalities have been impacted by the flooding, including the state capital of Porto Alegre. More than 160K people have been displaced thus far. In case you’d like to donate to disaster relief, you can visit this link.

Latinometrics: Brazil (and Latin America) is increasingly being confronted with the disasters of climate change. From the Amazon to the coastline, the country has had to adapt to the new realities of environmental damage. For example, Brazil will import packaged rice from its Mercosur partners in an effort to stabilize the price of rice, of which Rio Grande do Sul produces 70% of the national market.

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🇧🇷🇨🇴🇲🇽 Nubank has surpassed 100M clients across Brazil, Mexico, and Colombia, in the process becoming the first non-Asian digital banking platform to do so. Eleven years after it launched, Nubank remains one of Latin America’s most successful fintech success stories in modern history.