Buffett-Backed Nu Holdings Sees Q2 Revenue Soar 65% to $2.8B

The Brazilian bank added 5.2 million customers in the quarter, bringing its total to 104.5 million. Monthly average revenue per active customer reached $11.20, and total deposits jumped 64% to $25 billion. Net interest income surged 77% to $1.7 billion.

CEO David Vélez emphasized the strength of the company's business model and its goal to become the largest consumer technology platform in Latin America. Nu's rapid growth includes 1.2 million new customers monthly in Brazil and significant milestones in Mexico and Colombia.

Berkshire Hathaway, led by Warren Buffett, continues to hold a stake in Nu Holdings, with over 107 million shares as of March 31.