Technology
Analysts raise questions over Brazilian digital bank Nubank’s rising default rate, even as loans grow 28% YoY; ~60% of all Brazilian adults have Nubank’s app (Bloomberg)
Bloomberg:
Analysts raise questions over Brazilian digital bank Nubank’s rising default rate, even as loans grow 28% YoY; ~60% of all Brazilian adults have Nubank’s app — – Second-quarter profits doubled from year ago on lending surge — Analysts raised questions over high defaults, lower provisions
