Nu Holdings Ltd.: 16 Million Customers in Mexico – How Expansion in Latin America Becomes the New Growth Driver

Low operating costs allow for high reserves with stable profitability. The expansion in Mexico and Colombia as well as AI-driven risk assessments are driving growth. Management sees the digital model confirmed by the recent record profit. The Data-Driven Business Model as a Catalyst The structural strength of Nu Holdings (NU) is based on extremely low operating costs. By forgoing a physical branch network, the cost of servicing a customer in core markets like Brazil is under two US dollars. This structural cost advantage enables an aggressive...