Key insights
- NU Holdings, a digital bank with a low-cost, no-brick-and-mortar model, is expanding rapidly in Brazil, Mexico, and Colombia, achieving profitability in all. Its focus on a growing young demographic, coupled with revenue and profit growth, presents significant potential. The company's application for a US banking license and a PE of 17 suggest a potentially attractive investment, indicating a mild positive influence on US fintech and growth-oriented equities.
Welcoming input on NU. I've never delved into bank stocks.
NU's no-brick-and-mortar approach is super low-cost. Their business model focuses on young customers---a group that's growing every day.
Revenues are growing. Profits are growing. They are wildly profitable in Brazil and have already achieved profitability in Columbia and Mexico. They've applied for an American banking license.
With a PE of 17, a proven business model and enormous growth potential, I really like this stock. If I'm missing something, I'd like to know.