Nubank has reached the mark of 70 million customers in Latin America. According to a report on Monday, September 26, 66.4 million are in Brazil, up from 62.3 million at the end of the second quarter of this year.
The digital bank also said it has 3.2 million customers in Mexico and more than 400,000 in Colombia. Nubank is the external presence of “Nu Holdings Ltd,” an online banking and fintech company.
The company’s administrative headquarters are in São Paulo, Brazil, and its legal headquarters are in the Cayman Islands.
For the time being, Nubank operates only in Brazil, Mexico, and Colombia.
In an interview with Reuters, David Velez, president of the company, stated that the bank has the potential to triple its customer base in Brazil.
He also ruled out for the time being that Nubank will operate in regions other than Brazil, Mexico, and Colombia.
Among other products, Nubank stated that its cryptocurrency exchange, available to customers in Brazil since late July, has registered more than 1.8 million customers who have made at least one cryptocurrency purchase through the bank’s app.
Live Company IntelligenceNu Holdings Ltd — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
N
◆ Live Company Intelligence
Nu Holdings
NYSE: NUNUBANKFinancial ServicesBanks – Regional
$73.33B
Market cap
Analyst target $18.64
Wall Street view
4.4Buy/ 5
18 Buy3 Hold1 Sell
Avg. price target $18.64 · +27% vs 200-day
Valuation & profitability
Market cap$73.33B
Revenue (TTM)$8.44B
P / E ratio20.8
Profit margin42.7%
Return on equity31.6%
Price & risk
52-wk low $11.2052-wk high $18.98
Beta (volatility)0.96
200-day average$14.70
Revenue trend · 6y
20202025
Latest $15.88B
Ownership
Institutions82.2%
Shares outstanding3.81B
Top holderBlackRock Inc
Institutional holders5+ funds
Dividend
No regular dividend — earnings reinvested for growth.
What Nu Holdings does. Nu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States. The company provides spending solutions comprising Nu credit and prepaid card, a digitally enabled card that acts as a credit and a prepaid card; Nubank+ Tier, an evolution of the Nu experience; Ultraviolet credit…
