Nubank seeks R$720M restitution from liquidated Entrepay, exposure far larger than known

Nubank has filed a restitution claim of R$719.8 million against Entrepay, a creditor liquidated by Brazil's Central Bank in March, revealing exposure nearly ten times the previously estimated R$73.9 million. The earlier figure only covered a short flow period in March. This development signals potential financial strain for Nubank and raises questions about the full extent of its credit risk in the payments ecosystem.