Nu Holdings grows fast in Latin America with strong income and undervalued stock price

Nu Holdings is rapidly expanding its credit portfolio in Latin America, driving a 12% quarterly rise in net interest income to $3.3 billion. The company’s strong growth in credit cards and unsecured loans boosts customer monetization and net income. Trading at a low 11.8x price-to-earnings ratio, Nu is undervalued compared to U.S. fintech peers and its own history. This positions Nu as a leading fintech growth opportunity in Brazil and Mexico, with potential for further valuation gains as loan origination and income expand.