RIO DE JANEIRO, BRAZIL – Nubank announced on Monday, August 30, the purchase of Spin Pay, an instant payments fintech that supports purchases via PIX in e-commerce.
“The arrival of Spin Pay is a way to more quickly provide an even better and simplified experience for shopkeepers and Nubank customers,” Nubank’s statement said.
Nubank intends to keep current Spin Pay customers and expand the portfolio to bring the ease of PIX to even more consumers and commerce platforms.
The fintech works in partnership with more than 220 retailers from different sectors, such as department stores, electronics, and airlines.
The system is available on the e-commerce platforms VTEX, Loja Integrada, and soon Shopify Plus, in addition to a solution (APIs) capable of integrating with any retail system.
Even after the acquisition, the operations remain independent. Spin Pay will function as a separate business unit, working on developing technologies – but aligned with Nubank’s purpose.
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.
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◆ Live Company Intelligence
Nu Holdings
NYSE: NUNUBANKFinancial ServicesBanks – Regional
$70.33B
Market cap
Analyst target $18.77
Wall Street view
4.3Buy/ 5
17 Buy4 Hold1 Sell
Avg. price target $18.77 · +28% vs 200-day
Valuation & profitability
Market cap$70.33B
Revenue (TTM)$8.44B
P / E ratio19.9
Profit margin42.7%
Return on equity31.6%
Price & risk
52-wk low $11.2052-wk high $18.98
Beta (volatility)0.96
200-day average$14.64
Revenue trend · 6y
20202025
Latest $15.88B
Ownership
Institutions82.4%
Shares outstanding3.81B
Top holderBlackRock Inc
Institutional holders5+ funds
Dividend
No regular dividend — earnings reinvested for growth.
What Nu Holdings does. 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 of the Nu experience; Ultraviolet credit…
