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• Nu Holdings Ltd increased 5.7% to $6.42 after the fintech company reported first-quarter revenue of $1.6 billion and adjusted earnings of $182.4 million. 
  
  Brazil-based online bank said revenue in the first quarter increased 85% to $1.6 billion from $877.2 million and the company swung to a net income of $141.8 million from a loss of $45.1 million a year ago. 
  
  The company added 4.5 million customers on its digital platform in the quarter and reached a total of 79.1 million. In Brazil, the company added 1.5 million net new customers on its digital platfor More
  
  May 16, 2023
• Nu Holdings Ltd increased 5.7% to $6.42 after the fintech company reported first-quarter revenue of $1.6 billion and adjusted earnings of $182.4 million. 
  
  Brazil-based online bank said revenue in the first quarter increased 85% to $1.6 billion from $877.2 million and the company swung to a net income of $141.8 million from a loss of $45.1 million a year ago. 
  
  The company added 4.5 million customers on its digital platform in the quarter and reached a total of 79.1 million. In Brazil, the company added 1.5 million net new customers on its digital platform. 
  
  Deposits in the quarter increased 34% on currency neutral basis to $15.8 billion and total loans surged 54% to $12.8 billion. 
  
  Net interest margin increased 2.2 percentage points and 7.2 percentage points from the previous year to a record high of 15.7%. 
  
  Nu's customers in Brazil now account for 46% of the country’s adult population, versus 44%  in the previous quarter and in Mexico increased 52% to 3.2 million and in Colombia soared 200% to 635,000.  Less
  
  May 16, 2023

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