Nu Holdings (NYSE: NU), the parent company of NuBank, is a rapidly growing company leveraging financial technology (fintech) to bring banking to underserved regions and completely dominates the Brazilian market.
Investors may be familiar with Nu Holdings as one of the 49 stocks in Berkshire Hathaway's publicly traded stock portfolio. Nu has achieved impressive growth and looks to replicate its success in other parts of Latin America. Here's what you should know about this fast-growing bank and whether it's a good fit for your portfolio today.
Nu founder David Velez was born in Colombia, raised in Costa Rica, and eventually attended Stanford, where he earned an engineering degree. After school, Velez gained valuable experience working for Morgan Stanley, General Atlantic, and Sequoia Capital.
Source Fool.com