Nu Hldgs Ltd Stock Price, News & Analysis

Nubank (NYSE:NU) has appointed Eric Young as its new Chief Technology Officer (CTO), succeeding Vitor Olivier, who will step down in September 2025 after more than ten years with the company. Young brings over 20 years of leadership experience from major tech companies, including senior roles at Snap Inc., Google, and Amazon.

Young will report directly to CEO David Vélez, focusing on operational excellence, international expansion, and advancing AI technologies. He previously served as Senior VP of Engineering at Snap Inc. and VP of Engineering at Google, where he managed critical infrastructure supporting major products. Olivier, one of Nubank's earliest employees, is departing to pursue entrepreneurial ventures.

Nubank (NYSE:NU), one of the world's largest digital financial services platforms, has appointed Ethan Eismann as its first Chief Design Officer (CDO). Reporting directly to CEO David Vélez, Eismann will lead the global strategy and execution of design across all product lines.

Eismann brings extensive experience from leading tech companies, having previously served as SVP of Design at Slack, Global Design Director at Airbnb, Design Director at Uber, and held key positions at Google and Adobe. His notable achievements include pioneering Google Wallet, Android Pay, and launching Adobe's Creative Cloud subscription model.

This strategic appointment reinforces Nubank's commitment to enhancing customer experience across its expanding ecosystem of financial products and services.

Nubank (NYSE:NU) has reached a significant milestone of 12 million customers in Mexico, representing 25% of the country's banked population. The company's third edition of "Impacto Nu: From Access to Well-being" study reveals that 60% of customers have reduced cash usage and are actively saving through Nu's "Cajitas" feature.

The study, based on over 2,100 users surveyed in January 2025, shows that 86% of customers rated Nu's overall positive impact as "high". Notable findings include: 72% feel more confident managing their money, 50% report reduced financial stress, and 67% are better able to support family members. The platform has become particularly important for previously underserved segments, with 40% of customers reporting prior rejection by traditional financial institutions.

Nu Holdings reported strong Q1 2025 results with significant growth across key metrics. The fintech giant reached 118.6 million customers, adding 4.3 million in the quarter, with presence across Brazil (104.6M), Mexico (11M), and Colombia (3M). Revenue surged 40% year-over-year to $3.2 billion, while net income increased 74% to $557.2 million. The company's interest-earning portfolio expanded 62% to $13.8 billion, and deposits grew 48% to $31.6 billion. Monthly Average Revenue per Active Customer (ARPAC) increased 17% to $11.2, with mature cohorts reaching $26. Nu maintained strong asset quality with a 15-90 NPL ratio of 4.7% and achieved an efficiency ratio of 24.7%. Notably, Nu Mexico obtained regulatory approval for its banking license in April 2025.

Nubank (NU) has announced the appointment of Roberto Campos Neto, former President of the Brazilian Central Bank (2019-2024), as Vice Chairman and Global Head of Public Policy, effective July 1, 2025. Campos Neto will report directly to CEO David Vélez and join Nu Holdings' Board of Directors as a non-independent member.

During his tenure at the Central Bank, Campos Neto received multiple accolades, including "Central Bank of the Year" in 2024 and "Best Central Banker of the Year" for three consecutive years. He was instrumental in implementing Pix (instant payments), advancing Open Finance, and developing Drex (digital Brazilian real).

In his new role, Campos Neto will support Nu's international expansion, engage with global financial regulators, represent Nu Holdings in international forums, enhance economic analysis for Latin American operations, and contribute to long-term business strategy.

Nu Mexico, a Nubank subsidiary, has received banking license approval from the National Banking and Securities Commission (CNBV), becoming the first Popular Financial Society (SOFIPO) to transform into a bank. The company will maintain SOFIPO operations during the transformation process.

Having invested over $1.4 billion in the Mexican market, Nu has reached 10 million customers and accumulated $4.5 billion in deposits by Q4 2024. The company entered Mexico in 2019, offering a no-fee credit card and expanding to include debit accounts, personal loans, and secured cards.

The banking license will enable Nu to offer increased deposit limits, payroll accounts, and 16x higher deposit insurance coverage through IPAB. Nu's digital model currently reaches 98% of Mexico's municipalities, with nearly half of its customers receiving their first credit card through the platform. This transformation aims to increase competition in Mexico's concentrated banking sector, where only 36% of adults have payroll accounts, with 90% concentrated among four banks.

Nubank (NU) has been named the #1 Most Innovative Company in Finance and Personal Finance by Fast Company, ranking third overall globally. This marks the fifth time Nu has made the prestigious World's Most Innovative Companies list, advancing 19 positions from last year.

The recognition highlights Nu's transformation of financial services, particularly its initiative enabling young adults from age 10 to manage their finances. The platform offers under-18s accounts, debit cards, and 'Caixinhas' (Money Boxes) for savings with high yields. Data shows 27% of under-18 customers use Caixinhas for savings, with 81% making multiple deposits.

Notable innovations include the shared balance feature for Ultravioleta customers within Family Space, facilitating group expense management, and the launch of NuCel mobile phone service in 2024. The company was previously recognized for security features like Street Mode, 'I was robbed,' and Protected Hello.

Nu Holdings (NYSE: NU) reported strong financial results for Q4 and FY 2024. The company reached 114.2 million customers, adding 20.4 million during the year, representing 22% YoY growth. Revenue reached $11.5 billion in FY24, up 58% YoY on an FX-neutral basis.

Net Income nearly doubled to $1.97 billion in FY24 compared to $1.03 billion in FY23. Q4'24 Net Income was $552.6 million, up 85% YoY. Monthly Average Revenue per Active Customer (ARPAC) reached $10.7 in Q4'24, with mature cohorts at $25.

The company expanded significantly in Mexico, surpassing 10 million customers, while Colombia reached 2.5 million. Asset quality improved with 15-90 NPL ratio declining to 4.1%. The secured lending portfolio grew 615% YoY to $1.4 billion, and total deposits increased 55% YoY to $28.9 billion in Q4'24.

Nubank has announced a US$150 million investment in Tyme Group, leading their series D funding round totaling US$250 million. The additional funding includes US$50 million from M&G Catalyst Fund and US$50 million from existing shareholders. Tyme Group, founded in 2019, is a digital bank operating in South Africa and the Philippines with 15 million customers.

Tyme Group operates using a hybrid model combining digital platforms with physical experiences through retail partnerships, digital kiosks, and bank ambassadors. The company maintains headquarters in Singapore and a development hub in Vietnam, where it plans future operations. Through this investment, Nubank becomes a minority shareholder in Tyme Group.