Added to YB: 2024-07-03
Pitch date: 2024-07-01
NU [bullish]
Nu Holdings Ltd.
+37.4%
current return
Author Info
Company Info
Nu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.
Market Cap
$80.8B
Pitch Price
$12.30
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
32.34
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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