Nubank is facing slower growth in Mexico, but new banking licenses may provide opportunities

From Zacks Investment Research: 2025-06-19 14:04:00

Nu Holdings Ltd. is experiencing slower growth in Mexico compared to Brazil, with a 10% quarterly expansion rate. New banking licenses in Mexico could provide opportunities for NU to offer additional services like payroll loans and deposit insurance. Mexican banks are actively preparing for NU’s entry, unlike in Brazil where they were caught off guard. Meanwhile, U.S.-based competitors like SoFi and Block are pursuing different growth strategies. NU’s stock has rallied 18% YTD but trades at a higher valuation than the industry average, with a Zacks Rank #3 (Hold).



Read more at Zacks Investment Research: Can Nubank Repeat Its Brazilian Success in Mexico and Beyond? – June 19, 2025