Nu Holdings, parent company of Nubank, saw a 39% increase in net income to $783 million in Q3, beating analyst expectations. Shares rose 3% post-market. CFO credits profit growth to scale gain in Brazil and asset management in Mexico, leading to a record 31% ROE. Revenues reached $4.2 billion, exceeding estimates.

Nubank reported no red flags in credit quality, with delinquency rates in Brazil improving. 15-to-90-day delinquency rate fell to 4.2%, while over-90-day rate declined to 6.8%. The company serves 127 million clients across Brazil, Mexico, and Colombia, with plans to enter the US market. Credit portfolio grew 42% to $30.4 billion.

Read more at Yahoo Finance: Digital lender Nubank posts Q3 income beat, record profitability