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Nu Holdings | 6-K: Nubank Surpasses 100 Million Customers

SEC announcement ·  May 8 20:03
Summary by Futu AI
Nu Holdings Ltd., also known as Nubank, has achieved a significant milestone by surpassing 100 million customers, becoming the first digital banking platform to reach this number outside of Asia. The company's growth is highlighted by its recent financial success, reporting over US$1 billion in net profit and over US$8 billion in revenues for the year 2023. Nubank's customer base is distributed across Brazil with over 92 million, Mexico with over 7 million, and Colombia nearing 1 million, with customer satisfaction levels significantly higher than traditional banks and local fintechs. The company's digital banking model has saved its customers more than $11 billion in banking fees and spared over 440 million hours in queues. Nubank's campaign 'You at the center of everything' celebrates...Show More
Nu Holdings Ltd., also known as Nubank, has achieved a significant milestone by surpassing 100 million customers, becoming the first digital banking platform to reach this number outside of Asia. The company's growth is highlighted by its recent financial success, reporting over US$1 billion in net profit and over US$8 billion in revenues for the year 2023. Nubank's customer base is distributed across Brazil with over 92 million, Mexico with over 7 million, and Colombia nearing 1 million, with customer satisfaction levels significantly higher than traditional banks and local fintechs. The company's digital banking model has saved its customers more than $11 billion in banking fees and spared over 440 million hours in queues. Nubank's campaign 'You at the center of everything' celebrates this achievement with a display on the Exosphere in Las Vegas, featuring images of real customers. The company continues to focus on financial inclusion and empowerment, with a suite of products that includes personal loans, SME solutions, investments, crypto, marketplace, and insurance. Nubank's international expansion into Mexico and Colombia has been fueled by its cloud-native technology and customer-centric approach. The company's ESG report and other financial data are forthcoming, and all customer data collection complies with privacy and data protection laws.

This announcement is a separate document:

Doc 1

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