Nubank posts record revenue, beats analyst expectations

Nubank had revenue of US$2.7bil in the three-month period through March. — Reuters

RIO DE JANEIRO: Nu Holdings Ltd, the parent of Brazil-based digital bank Nubank, reported record revenue in the first quarter while acknowledging that its growth is coming with a higher delinquency rate.

Nubank, one of the world’s largest digital banks, had revenue of US$2.7bil in the three-month period through March, it said in a statement.