Nu Holdings Ltd taps ex-TikTok executive Kim Farrell as Nubank steps up U.S., global push

Nu Holdings Ltd shares were down 5.3% at $17.75 in Friday’s session, after a filing showed the digital lender had received conditional approval to form a U.S. national bank. Trading volume topped 51 million shares.

Nu Holdings shares climbed roughly 0.7%, hitting $18.31 by late morning Tuesday, following the announcement of a major office expansion in Brazil.

Nu Holdings Ltd, the company behind Nubank, saw its shares rise 4.4% to $18.00 by Thursday’s close, following a 1.6% gain the day before. In after-hours trading, the stock held steady near $17.98.

Nu Holdings shares climbed about 62 cents, or 3.6%, to $17.86 on Thursday after Nubank announced it had become Brazil’s second-largest financial institution by customer count, according to 2025 central bank data. The fintech reported it now serves over 112 million customers in Brazil—around 61% of the adult population—and has moved up one spot annually in the rankings since 2022. It also noted monthly activity at 85%, with average revenue per active customer hitting a record high in Q3 2025. “More than growing in numbers, our focus is to have a meaningful presence in people’s financial lives,” said Livia Chanes, CEO of Nubank Brazil.

Nu Holdings Ltd shares slipped about 2.2% to $17.46 in early New York trade on Wednesday, backing away from recent highs after a strong start to the year.