Added to YB: 2024-07-03
Pitch date: 2024-07-01
NU [bullish]
Nu Holdings Ltd.
+19.76%
current return
Author Info
No bio for this author
Company Info
Nu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.
Market Cap
$77.3B
Pitch Price
$12.30
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
21.81
EV/Sales
N/A
Sector
Banks
Category
growth
Nu Deep Dive
Nu Holdings (NU): LatAm fintech leader w/ 82.6M active customers (+27% YoY). Low CAC ($7) & cost to serve ($0.90/mo). 54% of Brazil's population as clients. Strong growth across products (credit cards, bank accounts, investments). $11.40 monthly revenue per user. Cost of funding 84% of interbank rate. Outperforming incumbents on delinquency. Expanding credit bands w/ 52% YoY credit portfolio growth. Risks: credit quality as it expands to riskier cohorts.
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