NU - Nu Holdings Ltd. (Nubank)

New Bank (NU) is extremely special with strong profitability and revenue growth. It dominates in Latin America and is entering the US, which is eight times bigger per customer. Host has high conviction.

Steven is extremely bullish on Nu Bank, calling it one of the biggest companies in the world. He likes its compounding and cheap valuation relative to Palantir.

Up 7%, leading fintech names higher. Host wanted to pick it in a fantasy draft but was beaten to it.

Part of fintech watchlist. Beautiful company, recently available as low as $11.20. Host is looking for advantageous, really low prices to buy companies he believes in.

Host is bullish on Nubank despite El Nino macro risks in Latin America. Notes the company has consistently outperformed its countries' earnings, is expanding into Argentina and the US (where customers make 8.5x more), and has no real bear case.

Host has been talking about NU a lot recently. Cites strong net promoter scores, improving margins, and consistent business growth.

Host has been an investor since Jan 2023. Compares favorably to Revolut: 135M customers in 3 markets vs Revolut's 70M in 35 markets. $56B valuation vs Revolut's potential $115B. Doing buybacks, more revenue and profit. Trading at $11 down from $18-19, which host sees as a buying opportunity. Stretch goal of 100M customers by mid-2027 already exceeded.

The speaker believes New Bank's fundamentals and growth potential outweigh the current risks, making it a strong investment opportunity.

The host believes NuBank is a strong company with a favorable valuation despite recent sell-offs.

Extremely bullish long-term thesis. 135M+ customers in Latin America, expanding profitability, massive TAM, expertly run by CEO David Velez. New $1 billion buyback signals willingness to return capital to shareholders. Host sees it as a 10+ year hold with potential for 200-250M+ customers.