Summary by Moomoo AI
The Financial Superintendence of Colombia (SFC) has granted formal approval for Nu Colombia S.A. to merge into Nu Colombia Compañía de Financiamiento S.A., consolidating the company's operations under a single entity in Colombia.This strategic consolidation, which places all accounts and operations under one SFC-supervised entity, demonstrates Nu Holdings' long-term commitment to the Colombian market. The merger is expected to facilitate the future expansion of Nu's product and service portfolio in the country.