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Reuters
Reuters
Business

'Girl from Rio' Anitta joins Nubank to target low-income clients

FILE PHOTO: Anitta performs in Times Square on New Years Eve in New York City, U.S., December 31, 2020. Gary Hershorn/Pool via REUTERS/File Photo

Brazilian pop star Anitta has joined Latin American financial start-up Nubank as the seventh member of its board of directors, in an unusual signing for a bank.

Born in a Rio de Janeiro slum, Anitta has become one of the most prominent Brazilian artists, nominated four times for Latin Grammy awards and gaining 54 million followers on Instagram.

Nubank said in a statement on Monday that Anitta, whose latest single is called "Girl From Rio" in a nod to the 1960s hit "The Girl From Ipanema", will help the bank enhance its services and products to low-income consumers.

FILE PHOTO: The logo of Nubank, a Brazilian FinTech startup, is pictured at the bank's headquarters in Sao Paulo, Brazil June 19, 2018. REUTERS/Paulo Whitaker/File Photo

The bank's CEO and founder David Velez said that the 29-year-old pop singer will bring a deep knowledge of marketing to consumers in Latin America.

With 40 million clients in Brazil, Mexico and Colombia, Nubank was valued at $30 billion in a recent funding round led by Warren Buffett's Berkshire Hathaway.

FILE PHOTO: Nubank Founder and CEO David Velez attends the Brazil Investment Forum in Sao Paulo, Brazil October 11, 2019. REUTERS/Amanda Perobelli/File Photo

(Reporting by Carolina Mandl; Editing by Alexander Smith)

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