Nu Holdings Ltd. (NYSE:NU) is among the 12 Best Digital Currency and Payments Stocks to Buy Right Now.
Bloomberg reported on February 5, 2026, that David Velez, CEO of Nu Holdings Ltd. (NYSE:NU), is working to expand Nubank, one of the most valuable financial firms in Latin America, to a global clientele of over 127 million. It includes almost 60% of Brazil’s adult population. The company’s shares are valued higher than those of traditional banks, and in the third quarter, their return on equity was 31%, compared to Itau Unibanco’s 23.3%. Velez’s super-voting shares give it control over about 75% of the voting power. Velez noted that while Nubank is still focused on Brazil, Mexico, and Colombia, the recent conditional acceptance for a US national bank license is a long-term potential rather than a short-term goal.
The US expansion, referred to as “Act Three,” aims to get a complete banking license before expanding services. Although analysts acknowledge Nubank’s advantages in technology, low operating costs, and user experience, they caution that profits could be lower in the fiercely competitive US market. In 2024, Nubank made a $250 million investment in Tyme Group to research potential in Asia and Africa, besides the US. As stated by Velez, future growth can entail joint ventures or acquisitions.
Nu Holdings Ltd. (NYSE:NU) is a holding company that provides digital banking services. It provides a variety of financial services, including business accounts, rewards, investments, personal loans, credit cards, insurance, and mobile payments.
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Disclosure: None. This article is originally published at Insider Monkey.
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