How many users does Nu have at the moment?
“The expansion validates Nu’s strategy of increasing deposit yield in the country, boosting momentum and consolidating its leadership in the digital banking sector,” the firm said in a statement.
David Vélez, founder and CEO of Nubank at a global level, said that the launch of accounts in Mexico has generated deposits of 3.3 billion dollars.
Nu revenue in the second quarter of 2024
Nu’s revenue totaled $2.8 billion, which the company notes demonstrates its ability to consistently expand its active customer base while accelerating revenue growth and profitability.
Nu’s key to success in adding customers
The accounts with yields have been a great help for the Brazilian fintech, which announced its intentions to become a bank this year.
“We believe that this business formula, driven by exceptional talent, investments in technology and love for the brand, will pave the way for Nu to become the largest consumer technology platform in Latin America,” said David Vélez.
Nubank’s net profit globally was $487 million, 116% more than the $225 million it achieved in the same period in 2023.
