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Nu Holdings Delivers Strong Growth and Expansion in Latin America

Apr 27, 2025 (3 days ago)
Positive
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Nu Holdings Ltd. (NU) reported robust financial performance and regional expansion, solidifying its position in Latin America's digital banking sector.

Financial Performance

  • Nu Holdings achieved a 58% YoY revenue increase on a foreign-exchange-neutral basis, reaching $11.5 billion in revenue for 20241
  • The company's yearly profit nearly doubled to $2 billion, driven by growing loans and a 30% efficiency ratio1

Customer and Regional Expansion

  • Nu Holdings now serves over 114 million customers, dominating Latin America's retail banking market1
  • Deposits in Mexico and Colombia surged 438% to $1.3 billion, highlighting successful regional expansion beyond Brazil1

Credit Portfolio Growth

  • The total credit portfolio grew 45%, with secured lending skyrocketing 615%, reflecting strong risk management and lending expansion1

Strategic Investment

  • Billionaire Ken Fisher's portfolio includes Nu Holdings, signaling confidence in its digital banking model1
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