Here's Why Nu Holdings Stock Is a Buy Before Aug. 14

Financial technology and digital banking took the United States by storm in the last few decades. Now, the same trend is happening in Latin America, and it is being dominated by one company: Nu Holdings (NYSE: NU). The online and mobile-focused bank is capturing tens of millions of new customers to join its service in Brazil, Mexico, and Colombia, disrupting stodgy legacy financial institutions with a better customer experience.Nu Holdings, otherwise called Nu Bank, has grown at an incredible pace in these emerging markets. Yet the stock is barely higher than it was at its IPO in late 2021. Here's why the stock is a buy before its next earnings report on Aug. 14.Nu Bank began its journey in Brazil in 2013 by launching an online-only bank with an easy-to-use smartphone application. Compared to the existing banks in the country, with their terrible customer experiences and high-interest-rate loans, Nu Bank was a sight for sore eyes, leading to rapid adoption in the nation. From 2013 to today, Nu Bank has gone from a standing start to over 100 million accounts in Brazil, or over half of the population.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool