Summary by Futu AI
Nu Holdings Ltd., also known as Nu, announced on January 3, 2024, that its subsidiary, Nu Colombia Compañía de Financiamiento S.A. (Nu Colombia), has been granted an Operating License by the Financial Superintendence of Colombia (SFC). This license will allow Nu Colombia to function as a financing company within the country. The acquisition of the license is in line with Nu Holdings' strategic vision and commitment to expanding its presence in Colombia. With this license, Nu Colombia plans to broaden its offerings to include credit, payments, and savings services. The announcement follows a previous Notice to Market issued on August 10, 2022, and is part of the company's ongoing efforts to grow its operations in the Latin American market.