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Nu Holdings (NU) Hits 15 Million Users in Mexico
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Nu Holdings Ltd. (NYSE:NU) is one of the 10 Best Fintech Stocks to Invest In According to Billionaires. On April 15, Nu Holdings Ltd. (NYSE:NU) reported that it has reached more than 15 million customers in Mexico. This milestone makes it one of the three largest financial institutions in Mexico by number of users. According to the report by Nu Holdings Ltd. (NYSE:NU), the customer base in Mexico grew 36% compared to the previous year. In Mexico, the company is following the same success of its operations in Brazil, but at an even faster rate, setting a new standard for the regional financial industry. Earlier, on March 22, Morgan Stanley said that Nu Holdings Ltd. (NYSE:NU) is “uniquely positioned” to become one of the biggest and most valuable banking businesses in Latin America. The research firm noted that Nu Holdings Ltd. (NYSE:NU) has “world-class technology, exceptional customer satisfaction, market-leading pricing, and strong unit economics.” Morgan Stanley believes that investors are significantly underestimating the company’s ability to grow profitably. According to the firm, Nu Holdings Ltd. (NYSE:NU) could reach a valuation of $100 billion by the end of 2026, up from around $70 billion today. Nu Holdings Ltd. (NYSE:NU) is a financial technology company that operates a digital banking platform. The company has a fully digital model and offers a wide range of financial services to customers in Brazil, Mexico, and Colombia. While we acknowledge the potential of NU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Large Cap Stocks to Invest In Right Now and 10 Unrivaled Stocks of the Next 5 Years. Disclosure: None. Follow Insider Monkey on Google News.
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