Nu Hldgs Ltd Stock Price, News & Analysis

Nubank (NU) has announced the appointment of Roberto Campos Neto, former President of the Brazilian Central Bank (2019-2024), as Vice Chairman and Global Head of Public Policy, effective July 1, 2025. Campos Neto will report directly to CEO David Vélez and join Nu Holdings' Board of Directors as a non-independent member.

During his tenure at the Central Bank, Campos Neto received multiple accolades, including "Central Bank of the Year" in 2024 and "Best Central Banker of the Year" for three consecutive years. He was instrumental in implementing Pix (instant payments), advancing Open Finance, and developing Drex (digital Brazilian real).

In his new role, Campos Neto will support Nu's international expansion, engage with global financial regulators, represent Nu Holdings in international forums, enhance economic analysis for Latin American operations, and contribute to long-term business strategy.

Nu Mexico, a Nubank subsidiary, has received banking license approval from the National Banking and Securities Commission (CNBV), becoming the first Popular Financial Society (SOFIPO) to transform into a bank. The company will maintain SOFIPO operations during the transformation process.

Having invested over $1.4 billion in the Mexican market, Nu has reached 10 million customers and accumulated $4.5 billion in deposits by Q4 2024. The company entered Mexico in 2019, offering a no-fee credit card and expanding to include debit accounts, personal loans, and secured cards.

The banking license will enable Nu to offer increased deposit limits, payroll accounts, and 16x higher deposit insurance coverage through IPAB. Nu's digital model currently reaches 98% of Mexico's municipalities, with nearly half of its customers receiving their first credit card through the platform. This transformation aims to increase competition in Mexico's concentrated banking sector, where only 36% of adults have payroll accounts, with 90% concentrated among four banks.

Nubank (NU) has been named the #1 Most Innovative Company in Finance and Personal Finance by Fast Company, ranking third overall globally. This marks the fifth time Nu has made the prestigious World's Most Innovative Companies list, advancing 19 positions from last year.

The recognition highlights Nu's transformation of financial services, particularly its initiative enabling young adults from age 10 to manage their finances. The platform offers under-18s accounts, debit cards, and 'Caixinhas' (Money Boxes) for savings with high yields. Data shows 27% of under-18 customers use Caixinhas for savings, with 81% making multiple deposits.

Notable innovations include the shared balance feature for Ultravioleta customers within Family Space, facilitating group expense management, and the launch of NuCel mobile phone service in 2024. The company was previously recognized for security features like Street Mode, 'I was robbed,' and Protected Hello.

Nu Holdings (NYSE: NU) reported strong financial results for Q4 and FY 2024. The company reached 114.2 million customers, adding 20.4 million during the year, representing 22% YoY growth. Revenue reached $11.5 billion in FY24, up 58% YoY on an FX-neutral basis.

Net Income nearly doubled to $1.97 billion in FY24 compared to $1.03 billion in FY23. Q4'24 Net Income was $552.6 million, up 85% YoY. Monthly Average Revenue per Active Customer (ARPAC) reached $10.7 in Q4'24, with mature cohorts at $25.

The company expanded significantly in Mexico, surpassing 10 million customers, while Colombia reached 2.5 million. Asset quality improved with 15-90 NPL ratio declining to 4.1%. The secured lending portfolio grew 615% YoY to $1.4 billion, and total deposits increased 55% YoY to $28.9 billion in Q4'24.

Nubank has announced a US$150 million investment in Tyme Group, leading their series D funding round totaling US$250 million. The additional funding includes US$50 million from M&G Catalyst Fund and US$50 million from existing shareholders. Tyme Group, founded in 2019, is a digital bank operating in South Africa and the Philippines with 15 million customers.

Tyme Group operates using a hybrid model combining digital platforms with physical experiences through retail partnerships, digital kiosks, and bank ambassadors. The company maintains headquarters in Singapore and a development hub in Vietnam, where it plans future operations. Through this investment, Nubank becomes a minority shareholder in Tyme Group.

Nu Holdings reported strong Q3 2024 financial results with revenue reaching $2.9 billion, up 56% year-over-year on FX neutral basis. The company's customer base grew to 109.7 million globally, a 23% YoY increase. Net income more than doubled YoY to $553.4 million with a record ROE of 30%. Monthly Average Revenue per Active Customer reached $11.0, while the activity rate increased to 84%. The company maintained strong asset quality with 15-90 NPL ratio declining to 4.4%. International expansion showed impressive results with 8.9 million customers in Mexico and over 2 million in Colombia. Gross profit stood at $1.348 billion, marking 67% YoY growth.

Despegar.com, Corp. (NYSE: DESP), Latin America's leading travel technology company, and Nubank (NYSE: NU), the largest digital banking platform outside Asia, have announced the integration of NuPay as a new payment option on Despegar's travel platform. This strategic collaboration offers multiple benefits:

• Despegar gains access to Nubank's 95.5 million Brazilian customers
• Nubank's customers get access to Despegar's travel services with increased spending limits and enhanced purchasing power
• The partnership aims to create a more streamlined payment process, potentially boosting Despegar's conversion rates
• Both companies can capitalize on their strengths, delivering enhanced value to customers and opening new opportunities

This integration combines Nubank's extensive customer base with Despegar's travel services, aiming to improve the overall user experience.

Nu, a leading fintech company, has achieved remarkable success in Mexico, surpassing 8 million customers and $3.3 billion in deposits within a year of launching Cuenta. This exceeds Nu's performance in Brazil at a similar stage. Mexico's high GDP per capita and low financial inclusion make it a significant opportunity for Nu's expansion strategy. Cristina Junqueira, Co-founder and CGO, highlights Mexico as Nu's top business priority for 2024.

Nu's success extends to Colombia, with over 500,000 customers and $500 million in deposits shortly after launch. The company has invested over $1.4 billion in Mexico, making it a major foreign investor in the Mexican financial sector. Nu is pursuing a local banking license to expand its services and is optimistic about the regulatory process.

Nu Holdings (NYSE: NU) reported strong Q2 2024 financial results, showcasing significant growth and profitability. Net income doubled year-over-year to $487 million, with a 28% ROE. The customer base expanded to 104.5 million, a 25% YoY increase. Revenue surged 65% YoY to $2.8 billion, while gross profit rose 88% YoY to $1.4 billion. The company's efficiency ratio improved to 32%, positioning Nu as one of the most efficient financial services companies globally.

Nu's international expansion continues, with strong growth in Mexico and Colombia. The company's multi-product platform saw significant adoption across credit cards, NuAccounts, and personal loans. Despite substantial investments in future products and geographic expansion, Nu maintains a strong capital position with $2.4 billion in excess cash at the holding level.