Nubank Surpasses 100 Million Clients Across Latin America [Yahoo! Finance]
Nu Holdings Ltd. (NU)
Company Research
Source: Yahoo! Finance
(Bloomberg) -- Nu Holdings Ltd., one of the world's largest digital banks, surpassed 100 million clients across its operations in Brazil, Mexico and Colombia. Most Read from Bloomberg Americans Are Racking Up ‘Phantom Debt' That Wall Street Can't Track Trump Judge Indefinitely Postpones Documents Case Trial One Out of Every 24 New York City Residents Is Now a Millionaire US Pauses Arms Shipment to Israel on Rafah Invasion Concerns The Sao Paulo-based financial technology firm is the first digital banking platform to reach the milestone outside of Asia, according to a filing on Wednesday. The stock was little changed at the start of trading in New York. The bulk of business for Nubank, as the company is known, is in Brazil, where it has 92 million clients. It reported more than 7 million in Mexico and nearly 1 million in Colombia after ramping up investments in those countries to win market share. At the end of 2023 the client count stood at about 94 million. Read more
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NU
Sec Filings
- 5/14/24 - Form 6-K
- 5/14/24 - Form 6-K
- 5/14/24 - Form 6-K
- NU's page on the SEC website