Shares in Nubank rise as it narrows loss, boosts revenue

FILE PHOTO: A banner for Nubank, the Brazilian FinTech startup, hangs on the facade at the New York Stock Exchange (NYSE) to celebrate the company's IPO in New York, U.S., December 9, 2021. REUTERS/Brendan McDermid

(Reuters) - Shares in Nubank rose nearly 8% in after-hours trading on Tuesday as investors welcomed a narrower fourth-quarter loss at Latin America's most valuable fintech, which added new clients and sold more products.

The digital bank, which listed its shares in New York in December, posted a net loss of $66.2 million, down from a $107.1 million a year earlier.