Nubank Could Become The Next Global Super App

PropNotes
7.31K Followers
(13min)

Summary

  • Nubank's core financial services segment is performing well, as revenues and margins continue to grow off the back of efficient user acquisition and deepening monetization.
  • NU's potential to evolve into a super app by leveraging its brand in new markets like e-commerce, travel, and cellular services, could drive higher growth for the long term.
  • The company's valuation is compelling, with forward multiples suggesting significant upside potential, making it an attractive investment opportunity.
  • We rate NU a 'strong buy.'

Beautiful sunset over Cartagena, Colombia

Starcevic

Over the last year or so, we've published a number of positive articles about Nu Holdings (NU), the parent of beloved Latin American fintech company Nubank.

In each piece, we've fleshed out our bullish thesis on the company, which largely

This article was written by

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of NU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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