10 Best Foreign Stocks to Buy According to Billionaires

8. Nu Holdings Ltd. (NYSE:NU)

Number of Billionaire Investors: 17

Value of Billionaire Holdings: $1.91 billion 

Nu Holdings Ltd. (NYSE:NU) was founded in 2013 and is headquartered in São Paulo, Brazil. It is a digital banking leader in Latin America, offering credit and prepaid cards, mobile payments, and an e-commerce platform. NU also offers accounts, investment options like stocks, ETFs, and crypto, a loyalty token (Nucoin), loans, and insurance. Philippe Laffont, along with 16 other billionaires, is a major investor in the company, positioning it as one of the best foreign stocks to buy.

On March 20, Citi analyst Ashwin Shirvaikar reiterated a Sell rating on Nu Holdings Ltd. (NYSE:NU) with a $9 price target. While most Mexican banks saw deposits decline in January, Nubank has continued to grow deposits and loans. With 48.7% revenue growth and a $57.6 billion market cap, the company has strong momentum, but Citi remains cautious due to a shift from demand deposits to time deposits.

Nubank Crypto is expanding its lineup with new coins like Cardano (ADA), Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO), adding to its existing selection of 16 cryptocurrencies, including Bitcoin, Ether, and Solana. It is also rolling out 11 new crypto pairs that can be swapped for USDC, featuring options like AAVE, AVAX, and DOT. Plus, users holding at least 10 USDC in their wallets now earn a fixed 4% annual return, ​​paid daily.

NU grew its customer base to 114 million in 2024, adding 20 million new users in just a year. Revenue shot up 58% to $11.5 billion for the year, and net income nearly doubled to $2 billion. The company made huge moves in Brazil, becoming the country’s third-largest financial institution by the number of customers. Meanwhile, Mexico hit 10 million users, and Colombia reached 2.5 million. Engagement stayed strong, with an 83.1% activity rate and rising revenue per customer.