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Nubank’s first H1 profit in Brazil vindicates its growth strategy: The neobanking giant reached first-half profitability at home and its payment volume and loan book surged. Overseas expansion and a new paid account could continue this momentum.
Latin American fintech Nubank managed to turn a profit in the first half of 2021 in its Brazilian operations, as it lured more clients to its credit card, according to a statement on its website.