Nubank, one of the world's fastest-growing digital lenders, is set to expand beyond Brazil, Mexico, and Colombia, with an announcement expected later this year, according to Jorg Friedemann, the company's investor relations director. The fintech giant, listed on the NYSE under Nu Holdings (NYSE:NU), reported an 87% surge in adjusted net profit for Q4, reaching $610 million—surpassing analysts' expectations of $567 million.
Despite the strong earnings, Nubank’s shares fell about 6% in after-hours trading, settling at $12.55. Investors reacted to revenue figures, which, although up 50% year-over-year to $2.99 billion, missed the $3.29 billion forecast. Analysts at Citi noted a slowdown in revenue growth and reductions in certain financial provisions.
The company’s customer base grew 22% year-over-year, surpassing 114 million by the end of December. CEO David Velez recently hinted at potential expansion into deregulated U.S. banking markets, while dismissing Europe as a priority.
Friedemann emphasized that 2025 will be a foundational year for Nubank’s evolution into a global technology-driven financial firm. However, with shares declining despite impressive profit growth, investors are watching closely for more details on the company’s next move.


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