By Kathryn Hardison
Shares of Nu Holdings Ltd. increased 25% to $5.85 on Tuesday after the company said Monday that its customer base and revenue grew in the second quarter.
The digital-banking platform company said it added 5.7 million customers in its recent quarter, reaching a total of 65.3 million customers across Brazil, Mexico and Colombia, up 57% from a year ago.
Revenue during the period increased to $1.2 billion as the company continues to upsell and cross-sell its expanding portfolio of financial products.
Shares fell 38% for the year.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
August 16, 2022 14:49 ET (18:49 GMT)
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Read More: Nu Holdings Up 25% on 2Q Revenue, Customer Growth