$NU (-0,87 %)

Five years after launching its first product in Mexico, the company has reached $NU (-0,87 %) 10 million customers in the country, doubling its customer base in the last 12 months.

Only 12% of the adult population are customers. Potential far from exhausted ✌️

The company has adapted its business model to the needs of the local market and recently signed an agreement with OXXO to expand its cash withdrawal and deposit network to over 30,000 physical locations.

$NU (-0,87 %) Nubank announced yesterday that five years after launching its first product in Mexico, the company has reached the 10 million customer mark and has doubled its customer base in the last 12 months.

In a press release, Nubank announced that the number of customers in the country exceeded 8.9 million in the third quarter of 2024 and deposits amounted to 3.8 billion US dollars. "Nu has invested more than 1.4 billion US dollars in the country, reflecting its commitment to the local market, which has led it to become one of the most important foreign investors in the Mexican financial sector," the digital bank said.

Since entering the market in 2018, the local portfolio has expanded from a credit card to a savings account with cajitas, a debit card, a secured credit card and personal loans, reaching 12% of the Mexican adult population. "Thanks to its 100% digital model, Nu has reached more than 98% of the country's communities, including communities without bank branches, many of which had never been exposed to the traditional financial system," the company's statement reads.

In addition, the company was able to adapt its business model to the needs of the local market, which is still heavily dependent on cash. To do this, they built a robust network for cash withdrawals and deposits, which now includes more than 30,000 physical contact points following the opening of the OXXO retail stores.

"We are grateful for the 10 million customers who have put their trust in Nu to take control of their financial future. This milestone is not just a number: it is a recognition of our customer-centric business model and our commitment to freeing people from financial complexity, as well as a reflection of the transformative power of technology to drive financial inclusion," said Iván Canales, CEO of Nu Mexico.

Following the gradual expansion of its portfolio, Nu Mexico announced in October 2023 that it is seeking a banking license, which will allow it to further expand its product offering, including payroll accounts and new lending options.

Nubank's parent company is reportedly considering moving its legal domicile to the UK before embarking on its planned global expansion.

Nu Holdings is currently based in the Cayman Islands, Reuters reported on Monday (January 20).

"We are actively considering which jurisdictions make sense for us as we think about the next ten years of global expansion," Nu Holdings CEO David Velez said in the report.

The company's Nubank is Latin America's most valuable lender, one of the world's largest digital challenger banks and has more than 100 million customers in Brazil, Mexico and Colombia, according to the report.

The company is considering expanding into the USA. According to Velez, the country could become a more attractive market for the company as President Donald Trump has shown interest in promoting digital assets such as cryptocurrencies and simplifying banking regulation.

While Nu Holdings is interested in a European location from which to manage the group and recruit talent, Nubank does not view the region as a priority due to the regulatory and competitive environment, the report said. The company opened offices in Berlin in 2017 and now employs around 40 people there.

Nubank is considering expanding into emerging markets similar to Brazil and Mexico and expects to do so in the next 18 to 24 months, according to the report.

Velez's comments confirm a Bloomberg report in November that said Nu Holdings was considering moving its legal domicile to the UK. The report cited unnamed sources.

The report said the company was working with the UK government to move its legal domicile to the UK, but would keep its headquarters in Brazil.

In November, it was also reported that Nubank was one of the digital banks that led the profitability increases of Brazilian banks in the first half of 2024.

The return on equity (ROE) of the country's digital banks rose from 11.45% at the end of December 2023 to 19.1% at the end of June, outperforming the banking system as a whole.

Brazil's central bank attributed the digital banks' gains to "positive effects of operating leverage from the monetization of some institutions' customer bases and lower pressure from provisioning costs".

$TMDX (+0,83 %)

I have decided to re-enter the market with one position and $NU (-0,87 %) and reduce it slightly ✌️

Too many transplants on The Good Doctor (Netflix), that must be a signal 😁.

Moin Moin,

money is no longer being paid because

100x $NU (-0,87 %) added

1271x $RCK (+0,27 %) and of course the one shown, but that's it for big investments, from now on only savings plans🫡

$NU (-0,87 %)

$NU (-0,87 %) is considering relocating its legal domicile to the UK as part of its plans for global expansion, possibly including the US

"We are actively looking at which jurisdictions we can consider as part of our plans for global growth over the next ten years. The UK is one of the options we are looking at."

With the US showing a renewed interest in fintech and crypto, the sector is regaining momentum. When a government starts to see fintech as beneficial to consumers and encourages competition, it becomes a much more attractive market."

- David Velez, CEO

https://www.reuters.com/business/finance/nubank-ceo-considers-moving-domicile-britain-expanding-us-2025-01-20/

Since I'm feeling every muscle after two days of training, here are the screenshots of the current trades:

$NU (-0,87 %) is on target and is hedged to breakeven

$COST (+0,09 %) was a cramp this week, but is also on target after the end of the week. (I will probably top up here in the bill on Tuesday)

And finally $AD (-0,58 %)the trade was textbook

I'll update my pinned post later today if I discover a few new stocks while screening.

Gude,

I am 19 years old and have been investing for about a year. I've only really been investing for 5/6 months, as I've finished school and now have more money to invest.

Please pay no attention to the transactions. I bought and sold a lot at the beginning, which was a bit stupid. Well, I've now opted for the attached savings plan and will see how that goes.

My strategy:

core-satellite with a few nice stocks for a little gambling fun

Please give me some constructive criticism🙏

and should I $NU (-0,87 %) sell?

Best regards from Frankfurt

So now it's time for me to introduce myself. I've been reading your posts for quite a while now. And I've been able to glean a lot of knowledge here.

About myself, I am 47 years young, married and an employee of a medium-sized company. I have been working intensively on the topic of investing in shares since May 2024. Before that, however, I had already dealt with the topic of investing, but was dazzled by financial advisors etc.. I had invested a lot in investment funds and life insurance policies. However, the returns fell by the wayside.

Until I started looking into ETFs and shares. As is so often the case, the financial advisors naturally wanted to talk me down about the enormous risk I was taking and that a fund would bring much higher returns, etc. etc.

Long story short, I decided to go down this path anyway. I started with a Robovisor (growney). Here I was able to gain my first experience with ETFs.

But I quickly realized that I wanted more, i.e. I wanted to get more involved with ETFs and shares and find my own strategy that suited me. So I opened a securities account with an online broker and then, after intensive research on YouTube, getquin and Google, I started to create my own securities account.

In the meantime, I canceled all my funds and life insurance policies and reallocated my assets.

In May 2024, I then started to build up my own portfolio. So 2024 was more of a practice year. I have now built up my portfolio to the point where I feel comfortable with it.

Now to my strategy, I want to build up assets until I retire

My core is the

$VWCE (+0,1 %) This is where the largest monthly savings installment goes in

$EWG2 (+0,4 %) I see gold as a small security and stability for my portfolio, which will be expanded in small steps.

$XEON (-0,02 %) Money market ETF is our emergency fund, which will be expanded in small steps, as repairs etc. are also paid from here.

$BTC (-0,6 %) I see Bitcoin as a long-term investment, this will also be further expanded via a savings plan, but I would also like to realize partial profits in the future

Then I have decided on a few individual stocks, which I have selected so that they are not so highly weighted in my core and where I see growth potential in the future. These will be held for the medium to long term and expanded with savings plans.

$NU (-0,87 %)
$HIMS (+0,86 %)
$ASML (+2,31 %)
$SFM (-0,11 %)
$NOVO B (+0,64 %)
$SHOP (+1,28 %)
$SNOW (+1,44 %)
$SP20 (+0,99 %) The S&P 500 Top20 serves as a small yield booster, but it remains to be seen...otherwise it will be reallocated to the all World

That's it for now, I'm always open to constructive criticism and improvements. I'm looking forward to an exciting time here.

✅ 140 shares

Is now continuously expanded until the desired position size has been reached.