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Nu Holdings Expands Rapidly, Eyes U.S. Market
Nu Holdings (NYSE: NU), a digital bank based in Brazil, added 4.3 million customers in Q3 2025, resulting in a total of 127 million customers, a 16% year-over-year increase. The company now serves 61% of the adult population in Brazil, along with 13 million customers in Mexico (14% of the adult population) and nearly 4 million in Colombia (10% of the population).
Average revenue per active customer reached $13 in Q3, up from $11 last year, with gross profit increasing 34% year over year to $1.8 billion. Nu has applied for a U.S. bank charter, intending to expand its operations to the U.S. in the future, enhancing service for existing customers and targeting new ones.
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