Nubank Nears Five Million In Colombia

Date

2026-05-26 02:30:47

(MENAFN- The Rio Times) COLOMBIA · FINANCE

Key Facts

- The milestone: Nubank, a Brazil-based digital bank, says it is nearing five million customers in Colombia.

- The reach: By the end of 2025 it had about four million, roughly one in ten Colombian adults.

- The group: Parent Nu Holdings reports more than 135 million customers across Brazil, Mexico and Colombia.

- The earnings: The group reported quarterly net income of US$871 million, up 41% from a year earlier.

- Latin American impact: A marker of how fast digital banking is spreading across the region.

Nubank, the Brazil-based digital bank, says it is approaching five million customers in Colombia, a sign of how quickly app-based banking is gaining ground across Latin America.

How fast Nubank has grown in Colombia

The company reported another quarter of strong customer additions in Colombia in the first three months of 2026, putting it close to the five million mark. It ended 2025 with about four million customers, roughly double its 2024 base.

That reach is equal to about one in ten Colombian adults, the company says, with users in every department and nearly all municipalities. It counts itself among the country's larger institutions by deposits.

Colombia is the newest of Nubank's three markets, after Brazil and Mexico. The local arm offers savings accounts, credit cards and personal loans, and has been adding products as it grows.

A growing regional business

Parent company Nu Holdings reports more than 135 million customers across its three countries, with the large majority in Brazil and a growing base in Mexico. The group said quarterly net income reached US$871 million, up 41% from a year earlier, with revenue topping US$5 billion.

The numbers point to a broader shift, as digital banks win customers from traditional lenders across Latin America. Whether that growth holds will depend on credit quality and competition, which are tightening as the market matures.

Live Company IntelligenceNu Holdings Ltd - the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks - plus the latest Rio Times coverage. Rio Times · Live Ticker Intelligence Nu Holdings Ltd NUBANK · NYSE / Brazil fintechFinancial ServicesBanks – Regional Share price · live $12.91 ▲ +1.45% today Market cap $61.9 bn 3.8 bn shares P / E 19.6 EPS 0.65 Dividend yield - The company Employees - Headquarters São Paulo Listed since 2021 Website href="" target="_blank" rel="nofollow co

Nu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States. The company provides spending solutions comprising Nu credit and prepaid card, a digitally enabled card that acts as a credit and a prepaid card; Nubank+ Tier, an evolution...

Financial performance · FY · USD RevenueNet income 2023 $7.7 bn $1.0 bn 2024 $11.1 bn $2.0 bn 2025 $15.9 bn $2.9 bn

Net income rose to $2.9 bn in 2025, from $1.0 bn in 2023.

Valuation & returns EBITDA margin - Net margin 41.9% Return on equity 30.1% Price / book 4.92 Enterprise value $52.1 bn Revenue growth · YoY +43.7% Latest earnings Q1 2026 - reported EPS 0.19 vs 0.21 expected Missed −10% Peers & comparators ITUB4 · Itaú Unibanco ▼ -1.22% BBDC4 ▼ -1.72% BBAS3 · Banco do Brasil ▼ -2.03% From The Rio Times

Latest coverage · 15 May 2026 Nubank Q1 Profit +41% to $871M (R$4.4B), Misses Consensus Read →

Data: EODHD Fundamentals & live feed · The Rio Times Ticker Intelligence Frequently Asked Questions How many customers does Nubank have in Colombia?

The company says it is nearing five million, after ending 2025 with about four million. That is roughly one in ten Colombian adults, with users in every department.

What is Nubank?

It is a Brazil-based digital bank that operates through an app rather than branches. Its parent, Nu Holdings, serves Brazil, Mexico and Colombia, with more than 135 million customers in total.

How is the wider company performing?

Nu Holdings reported quarterly net income of US$871 million, up 41% from a year earlier, with revenue above US$5 billion. The growth reflects rising use of its products across all three markets.

Connected Coverage

For more on the region's financial sector, see our coverage of a major Colombian cross-border deal. For another consumer-facing expansion, see our report on a car-sharing app entering the region.