13 Most Promising Fintech Stocks to Buy

8. Nu Holdings Ltd. (NYSE:NU)

Average Upside Potential: 8.17%

Number of Hedge Funds: 59

Nu Holdings Ltd. (NYSE:NU) is a Brazilian fintech company that serves more than 105 million customers across Brazil, Mexico, and Colombia. The firm serves as one of the world’s largest digital financial services platforms. It caters to the customer’s whole financial journey and promotes financial access.

Nu benefits from a strong regional footprint by being the primary banking account for 60% of monthly active customers in Brazil, growing deposit yields in Mexico, and crossing the 1 million customer mark in Colombia. Based on the number of customers, Nu serves as the fourth-largest financial institution in Latin America. Back in May, the fintech company surpassed 100 million customers and was the first digital banking platform to cross the milestone outside Asia.

For the fiscal second quarter, Nu added 5.2 million new customers, 20.8  million year-over-year, while the activity rate climbed to a new record high of  83.4%. The firm has successfully become the institution with the largest number of active customers in credit operations. Simultaneously, revenues increased 65% year-over-year to a record high of  $2.8 billion.

With the position of one of the best-capitalized players in the region,  top-line growth, and a robust growth trajectory, Nu Holdings Ltd. (NYSE:NU) ranks among the 13 most promising fintech stocks to buy. As of Q2, the stock is held by 59 hedge funds.