BHI 3.0·Q1 2026 Bulletin
Last computed 14:32 UTC, Apr 29 2026·Spearman ρ = 0.83·Validation: preliminary
Today's bulletin →
Movers · since 14:32 UTC, Apr 29 2026
PLATFORM PROFILENU

Nubank

$68-72B100M+ customersFintech & Payments
5.21
B-index (V3.1)
BLACK HOLE
Capture1.797
Escape0.345
Key Structural Insight

Being someone's only bank is maximum lock-in. Nubank competes with financial exclusion, not other fintechs.

Eleven-Parameter Profile

5DATAMEMACTPROCNETCLOSEPORTSUBFALLORGMOM
Data Depth8/10
Memory7/10
Action7/10
Process8/10
Network7/10
Closeness9/10
Portability3/10
Substitutability4/10
Human Fallback3/10
Org Depth6/10
Momentum8/10
Capture Escape Extended

V3.1 Decomposition

ComponentValueFormula
CES₄ capture core0.7492CES(d, m, a, p)
Knowledge synergy σₖ0.7483√(d · m)
Operability synergy σₒ0.7483√(a · p)
Synergy boost1.22451 + 0.3·(σₖ + σₒ)/2
Org-depth multiplier1.30001 + 0.5·o
Momentum multiplier1.24001 + 0.3·t
Total Capture1.7967c·(1+0.5n)·core·syn·org·mom
CES₃ escape core0.3317CES(x, s, h)
Feedback attenuation0.7378max(0.3, 1 − 0.35·core)
Total Escape0.3448ε + escCore · feedback
B = Capture / Escape5.211.797 / 0.345

Scoring Rationale

First bank for 100M+ underbanked Latin Americans. Processes salary, extends credit, manages financial identity. Switching cost is existential.

Parameter Sensitivity

MARGINAL B-INDEX CHANGE PER ±1 SCORE SHIFT
CLOSE9
+1.16
FALL3
-0.80
PORT3
-0.80
SUB4
-0.69
MEM7
+0.52
ACT7
+0.52
DATA8
+0.48
PROC8
+0.48
ORG6
+0.40
NET7
+0.39
MOM8
+0.25
+ raises B (deepens lock-in) lowers B (aids escape)

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