I've been diving into NuBank, and honestly, it's hard not to get excited. They’re one of the biggest digital banks in the world, with massive growth in Brazil and Latin America. They’re revolutionizing banking for millions who were previously underserved.
Their stock has shot up over 120% in the last 12 months, and I don’t see them slowing down. With a growing user base and expansion into other financial services, they’re positioned to keep climbing.
Facts:
2 million new customers per month
85+ million total customers
Q2 2023: $1.87 billion revenue
Profitable since 2022
Partnership with MercadoLibre
Expansion into Mexico and Colombia
Launched crypto services in Brazil
5th largest financial institution in Brazil by market cap
Focus on AI-driven customer service
Anyone else see the potential here? Let’s discuss!
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