Where Will Nu Holdings Stock Be in 10 Years?

The largest neobank in the Western world is a company you've likely never heard of. Nu Holdings (NYSE: NU) is the parent company of Nu Bank, a digital bank taking Latin America by storm. Starting in Brazil, the bank and financial services platform has disrupted the stodgy legacy institutions and is now closing in on 100 million active customers.This growth stock could be an exciting fintech play on the growth of the Latin American market. Where will Nu Holdings stock land in 10 years?Bad banking services can frustrate customers. Unclear rules, high fees, and long lines are all too common across Latin American markets. Nu Bank's founders found this out firsthand when beginning to work in Brazil. It was then -- back in 2013 -- that the idea for this business was formed. The company built a smartphone app that would simplify banking, spending, and financial services in a market that didn't treat customers well. Sure enough, the idea worked. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool