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Nu Holdings jumps 3% after denying Monzo acquisition, focusing on growth in Latin America and US expansion.

Market News
01 Oct 2026
24/7 Wall Street
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Bullish
Nu Holdings jumps 3% after denying Monzo acquisition, focusing on growth in Latin America and US expansion.

Nu Holdings' stock rose 3% following a statement that ruled out a rumored acquisition of British digital bank Monzo, clearing uncertainty that had weighed on the shares. The Brazilian fintech emphasized its strategic priorities: deepening its presence in Brazil, scaling operations in Mexico and Colombia, and expanding globally through Nu Global, including the US market. While SoFi and Robinhood shares remained mostly unchanged, Nu Holdings' clear direction and a $1 billion share repurchase program support its growth outlook. Investors will watch progress in Mexico and the US as key milestones tied to the company's stated goals.

Nu Holdings shares are trading at USD 12.99 on Pluang, up 2.61% as of Oct 01, 2026 21:23 WIB, reflecting continued investor interest following its strategic update. SoFi's stock is slightly down by 0.25% at USD 15.68, while Robinhood shares have declined 0.82% to USD 111.58, showing limited participation in the rally. Nu's market cap stands at $61.16 billion, highlighting its significant presence in the financial sector on Pluang.

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