NU Holdings is a cheaper, more profitable neobank alternative to the delayed Revolut IPO, operating in LATAM (Brazil, Colombia, Mexico) with plans to expand to the USA in 2027. The company appears undervalued compared to Revolut's theoretical valuation and similar fintech peers, with the main risks being heavy dependence on Brazil's market and execution risk on USA expansion.

Brazilian fintech stocks (NU, STNE, PAGS) are undervalued with attractive valuations and growth potential despite risks from competition and Brazilian economic downturn. Author is building positions across all three companies, betting on digital banking adoption and expansion beyond core payment businesses.