Nu Holdings Hits $1.1B Profit as Mexico Banking License Expands Nubank
Nu Holdings topped 139 million customers across Brazil, Mexico and Colombia as a new Mexico banking license expanded Nubank from credit-first fintech to full bank. Q2 net income reached $1.1 billion, with net interest margin rising to 22.9%. Loans over 90 days past due edged up, while NuFormer AI handles over 60% of support chats and Croma launched for the Super Core segment.