2 Reasons to Buy Nu Holdings Stock Like There's No Tomorrow

If you're tired of sifting through slow-growing stateside fintech stocks, you may want to try Nu Holdings (NYSE: NU) on for size. The paren't company behind Brazil's Nubank has been turning heads since launching a decade ago and going public three years ago.There are some legitimate valuation and geopolitical concerns, but can the risks be worth the potential market-thumping return? Let's head south, exploring two reasons why you might want to consider buying Nu like there's no tomorrow.Nu has gone a long way in a short amount of time. It officially launched in Brazil in 2014, introducing a credit card catering to the country's massive unbanked population. It has caught on even with the banked. A whopping 56% of the country's adult population now has a Nubank credit card, and the plastic isn't just getting buried in wallets and purses. Monthly activity rate is up to a record 84% of its user base.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool