u/Encripta

NU is profitable, generates revenue from interest, fees, and services across Brazil, Colombia, and Mexico, and has a conditional U.S. banking license for 2027. If Revolut’s delayed IPO eventually arrives with a high valuation, NU’s cheaper current valuation could re-rate upward as a comparable neobank with proven profitability. Long NU as a value play on neobank growth in emerging markets, with upside catalysts from U.S. expansion and sector peer re‑rating. Heavy dependence on Brazil’s economic/political stability; U.S. entry may face regulatory or competitive headwinds; valuation gap to Revolut may not close.