10 Best Mobile Payments Stocks to Buy Now

6. Nu Holdings Ltd. (NYSE:NU)

Number of Hedge Fund Holders: 97

Nu Holdings Ltd. (NYSE:NU) announced Q2 net income of $637 million, up 42% YoY on an FX-neutral basis, while revenues surged 40% to $3.7 billion, due to customer growth and engagement. The digital lender outperformed its peers with a return on equity of 28%.

Nu Holdings Ltd. (NYSE:NU) had an activity rate of 83.2% during the quarter, adding 4.1 million new clients to its total of 122.7 million. The monthly revenue per active user climbed 18% YoY to $12.2, but the cost of serving stayed at $0.80. Gross profit rose 24% YoY to $1.55 billion, whereas deposits shot up 41% YoY to $36.6 billion, with margins rising to 42.2%.

Nu Holdings Ltd. (NYSE:NU) had 107.3 million consumers in Brazil, accounting for more than 60% of the adult population. Mexico now has 12 million consumers, and Colombia has 3.4 million, with deposits up 841% year on year to $2.1 billion. It is among the Best Digital Money Stocks.