Nubank's Mexico Business Just Passed 15 Million Customers. Here's Why It's the Real Growth Story.
There's strong momentum for Nu, and its stock looks priced to buy right now.
Overview
Nu Holdings (NYSE: NU) is an all-digital bank based in Brazil, but it's expanding into new markets, including the U.S.
It's most exciting growth story right now, though, is Mexico. It recently topped 15 million customers in the country and is now a top-three financial institution, but the growth is far from over. Here's why Nu Mexico is the real story right now, and why Nu stock looks priced to buy.
Details
Nu began in Brazil, where it's headquartered and where it has already established itself as a major force in finance. While it's still adding new users at a steady pace and sees continued opportunity in upselling, its major growth is happening in Mexico.
Source
Originally published at www.fool.com.