With rapid expansion in Latin America, particularly in Brazil, Nu Holdings Ltd. (NU, Financial) has emerged to facilitate access to credit compared to traditional banking alternatives in the region.
NU has returned 41% since we first rated it a 'Strong Buy' earlier this year, but we think there could be more growth on the horizon. The company's Q1 report was incredible, with top and bottom-line growth of 69% YoY and 135% YoY, respectively. Given NU's success in Mexico, we think there's potential for 40%-60% upside over the next twelve months on the back of improving monetization and geogra...
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SÃO PAULO--(BUSINESS WIRE)--Nubank announced today the acquisition of Hyperplane, a data intelligence company from Silicon Valley. The partnership will usher in a new era for digital banking platforms, bringing smarter, fairer, and more personalized financial products and services to Nubank's customers. Hyperplane, launched in 2022 and co-founded by Daniel Silva, Felipe Lamounier, Rohan Ramanat...
Just seven months after announcing a $6 million seed funding round, Hyperplane, a San Francisco-based data intelligence startup that is building foundation models for banks, announced Tuesday that it has been acquired by Brazil's Nubank.
Betting on the best bank stocks to buy on the dip is a smart move ahead of a broader-market rally. The banking space is rich and pivotal to powerful investment portfolios.
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