NU - Nu Holdings Ltd. (Nubank)

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.

Largest neobank in world outside of Asia with 135M customers, 60% use as primary bank. Does NOT fall into category of companies with weak financials. CFO departure raises questions but business fundamentals are strong.

Host holds a sizable Nubank position. Believes the selloff is more technical (CFO departure) than fundamental. Would normally buy more on the dip but is cautious given Google capital raise implications. Acknowledges geopolitical risk.

Host bought more shares at $12.22 during the dip. Cites 57% YoY growth in new bank customers, 135M total customers, cost-to-serve under $1, expansion into Colombia, Mexico, and potential US entry. Calls it one of the best reputations in financial services with an unlimited TAM.

Both hosts own NU and are excited about its growth. Neil Couch Investor owns more DLO but both are positive on New Bank. They discuss its dominant position in Latin America (Brazil, Mexico, Colombia), plans to expand into the US targeting underserved/Hispanic populations, and its low cost-to-serve model. Market cap ~$62-63B. They see it as a potential $100B+ company.

Host's largest fintech position, calls it a phenomenal business with 120M+ users, dominant in Brazil, expanding to Mexico, Colombia, and potentially the US. Would buy more if earnings cause a dip similar to Mercado Libre's reaction.

Buffett-backed fintech with 131M customers, 26% revenue growth, ~47% profit margins, only 1.3% market penetration in a massive underbanked Latin American market, trading below analyst price targets with U.S. expansion potential