Nubank’s CEO David Vélez and His Partner Mariel Reyes Launch Philanthropy Platform

With VelezReyes+, the two entrepreneurs aim to support initiatives that seek to accelerate social transformation in Latin America, and help people in vulnerable situations

According to Forbes, Vélez's net worth is estimated at $4.2 billion.
October 10, 2022 | 03:44 PM

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Bloomberg Línea — Nubank’s (NU) CEO and co-founder David Vélez launched on Monday a philanthropic platform in partnership with his wife, Peruvian entrepreneur Mariel Reyes Milk.

With the platform, VelezReyes+, Vélez said he intends to “bring a new look to philanthropy in Latin America, to empower social entrepreneurs who are contributing to solving one of society’s most complex problems: unequal distribution in access to opportunities,” he posted on LinkedIn.

“Every child is born with the potential to do wonderful things,” the platform states in a presentational vide, which can be viewed here (in Spanish):

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In August 2021, Vélez and Mariel signed “The Giving Pledge”, a project among a number of billionaires - started by Bill and Melinda Gates, alongside Warren Buffett - who have committed to donate, during their lifetimes, most of their wealth to philanthropy.

According to Forbes, Vélez currently has an estimated fortune of $4.2 billion.

Focused on education and leadership in Latin America, VelezReyes+ will provide financial and institutional support to initiatives that seek to accelerate social transformation in the region and create opportunities for vulnerable children and youth.

VélezReyes+ has already helped non-profit organizations Alianza Educativa, Latin American Leadership Academy (LALA), Parceiros da Educação, Teach for All, Enseña por Colombia, Ensina Brasil, and Enseña Peru.

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