2024-06-25 12:52:54 ET
Summary
- Nu is a neobank with a strong presence in Latin American countries, showing 105% annual growth between 2020-2023.
- The company operates in Brazil, Mexico, and Colombia, with potential for expansion in other countries due to low banking penetration.
- In each country it arrives, the company ends up becoming a leader, which demonstrates a great product behind.
- Despite the 45% YTD return, I think the valuation is still attractive.
Investment Thesis
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Nu Holdings: The Opportunity In LATAM Is Huge And Valuation Seems Right