Nu Holdings: Soaring NII Growth, Profitable And Cheap

Nu Holdings is rapidly expanding in Latin America, driving strong net income growth and customer monetization through credit portfolio expansion. NU trades at a deeply discounted 11.8x P/E, well below both U.S. Fintech peers and its own historical average, signaling significant undervaluation. Robust credit card and unsecured lending growth have fueled a 12% Q/Q increase in net interest income, reaching $3.3B last quarter. I see NU as a top Fintech growth play in Brazil and Mexico, with ongoing loan origination and NII expansion supporting further valuation upside.

Nu Holdings (NU) is rapidly growing in its core markets in Latin America and seeing significant improvements in its net income profile, which is driven by organic revenue expansion as well as improving customer monetization. Specifically, the