Nubank 1Q 2024: outpacing LatAm FinTechs& positioned for sustainable profitability 🟣📈; dLocal weathers short-term headwinds, but emerging markets opportunity remains intact 📊

FinTech is Eating the World, 14 May

Hey Everyone,

Happy Wednesday! I’m traveling for business since yesterday, so please expect some publishing irregularities this week 🙏 The latest issue is thus coming out later than usual but it’s definitely worth the wait as we’re looking at two FinTech gems from Latin America. On today’s radar, we have Nubank which just posted 1Q 2024 results and is strongly outpacing other LatAm FinTechs (looking into the most important numbers, uncovering what they mean so we can see why NU is just too good to be ignored right now), and dLocal that despite short-term headwinds is still a very solid business opportunity (& why the long-term investment thesis centered around the massive growth potential of emerging markets remains well intact). Let’s jump straight into the amazing stuff 🌶

Nubank 1Q 2024: outpacing LatAm FinTechs and positioned for sustainable profitability 🟣📈

Earnings call 🤑 Brazilian FinTech gem Nubank NU 0.00%↑ just posted its Q1 2024 financials reporting yet another quarter of strong growth and profitability.

Let’s take a closer look into the most important numbers, uncover what they mean, and see why NU is just too good to be ignored.