Where Will Nu Holdings Be in 10 Years?
Nu Holdings (NYSE: NU) is known for its innovative digital bank, Nubank. It's one of the largest fintech institutions in the world, with 127 million users and $29 billion of customer deposits. The stock was off to a rough start after entering the market at the start of the 2021-2022 inflation panic but has tripled the S 500 (SNPINDEX: ^GSPC) index's returns over the last three years.
The company is also in the midst of a sweeping strategy shift. Founder and CEO David Vélez sees Nubank's Latin American success as the first chapter in a global expansion story. Vélez has ambitious plans for the next chapter, including international growth and a broader Money Platform business model.
Here's Nu Holdings' growth plan for the next 10 years.
Source Fool.com
