Nu Holdings

Holding company of the Brazilian digital bank Nubank

Overview

Nu Holdings is the holding company of Nubank, a branchless digital bank. Forbes records that it was founded on 26 February 2016 by David Vélez Osorno, Cristina Junqueira and Adam Wible and is headquartered in São Paulo.[2] The 2026 Global 2000 lists sales of US$16.1bn, profit of US$3.2bn and a market value of US$59.3bn.[2] It is the largest company in the list that is regulated as a bank, and the largest by sales headquartered outside the US.

Nu Holdings strengths and limitations

Strengths

  • Profitable at scale within ten years of founding
  • Largest non-US company in the list

Limitations

  • Exposed to Latin American credit cycles and currency movements
  • Revenue includes interest income, which makes comparison with payment processors imperfect

Appears in

Nu Holdings peers and competitors

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