Hello
Nu has been recognized by TIME as one of the World’s Most Influential Companies of 2024. This marks the third time the company appears on the prestigious TIME100 list, solidifying its position as a leader in digital banking and as the only Latin American company in the Titans category, sharing this distinction with heavyweight contemporaries like Amazon and Disney.
Also in this issue: Nu was recognized on Interbrand’s 25 Most Valuable Brazilian Brands; innovative brand activations across markets, and more.
Time 100
Nu has been recognized for the third time on the TIME100 Most Influential Companies list. Alongside global giants such as Amazon, Nvidia, Microsoft, and Disney, Nubank stands out as the only Latin American company featured as a Titan, underscoring its significant role in reshaping the financial landscape across the region.
The list assembles 100 companies that generate extraordinary global impact, and the selection is made through nominations by the magazine’s editors and correspondents worldwide, with the participation of experts from various industries. The publication first listed Nu in 2021 in the Leaders category. In 2022, the company was highlighted within the Titans category.
Corporate information
More recognition. Nu was recognized on the 2023/2024 list of the 25 Most Valuable Brazilian Brands, according to Interbrand consultancy.
Nu brings Westeros to Brazil. Among many benefits, Nubank+ and Ultravioleta customers in Brazil have free access to Max, Warner Bros. Discovery’s streaming platform. To celebrate this partnership and the premiere of the second season of “House of the Dragon”, the companies developed a creative stunt and unveiled a 15-meter replica of Syrax, Rhaenyra’s dragon, atop Nu’s purple building in Brazil…"
Nu has previously allowed for crypto purchases on its app, but it is now adding Bitcoin Lighting capabilities. Lightning is one of many “Layer 2” protocols built on top of the Bitcoin network - it greatly reduces cost of transactions, and it makes transactions instantaneous.
If you are an investor in this company (NU) you are investing in part of the crypto revolution. A company that is recognized by Time as one of the World’s most influential companies is further promoting Bitcoin adoption. Interesting.
BTW, there are announcements almost daily from the worlds largest financial institutions related to their further adoption of Bitcoin.
I am holding on to NU right now. I think it’s relevant to point out the US Dollar performance these past few months. It only stayed leveled against the Euro and Pound, but it gained significantly against other currencies, especially in the markets that Nu and MELI operate on (Brazil, Mexico, Argentina, etc.). These two companies generate revenue and profit in the local currencies. Once converted to the US Dollar, it’s facing a hill climb. A lot of it is due to our high interest rates.
As of this morning:
5.49 Brazilian Real, the highest ever
18.38 Mexican Peso
910.96 Argentine Peso
160.41 Japanese Yen
7.27 Chinese Yuan
0.93 Euro
0.79 British Pound
On 4/27/2024:
5.12 Brazilian Real
17.15 Mexican Peso
874.50 Argentine Peso
158.25 Japanese Yen
7.25 Chinese Yuan
0.93 Euro
0.80 British Pound
Thanks for posting the currency rates. Earnings can be significantly impacted and cause swings in the NU stock price. I have lived with this condition for 10+ years with MELI. But the funny thing is that I just look at the country by country performance. Currency is not something I understand and predict. I think many long term MELI investors came around to this. When the price action gets out of whack, then I buy some for my kids. MELI does not seem to swing as much as the early days.