Nu Holdings: Innovative Digital Bank
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NubankThe Motley Fool
•World
World
Nu Holdings is a digital bank that has disrupted the traditional banking sector in Brazil
72% Informative
Nu Holdings is a digital bank that has disrupted the traditional banking sector in Brazil .
The consumer finance company is expanding its footprint into other key markets in Latin America , including Mexico and Colombia .
In Q3 alone, Nu raked in $553 million in profit -- an impressive 82% increase compared to the same time last year .
Despite solid growth, some investors are concerned that the stock price rose too quickly.
The recent rise in delinquencies has been within management's expectations, but further upticks could ultimately affect the company's bottom line.
Nu continues to grow at an impressive rate, and the potential for continued expansion in underserved markets makes it appealing.
Its rapid growth and higher valuation make the stock vulnerable to volatility, so it may not be suitable for more conservative investors.
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