# Nu Holdings Jumps 12% on US Launch

> Nu Holdings stock rallies 12% as investors back its US banking launch amid Nasdaq decline.
- Title: Nu Holdings Jumps 12% on US Launch · Startup Fortune
- Summary: Nu Holdings stock rallies 12% as investors back its US banking launch amid Nasdaq decline.
- Keywords: nu holdings, nu us launch, nasdaq, nubank, chime, sofi, revolut, stablecoin, usdc, eurc, Startup Fortune
- Source: Startup Fortune — https://startupfortune.com/nu-holdings-jumps-about-12-as-investors-back-its-us-launch-while-the-nasdaq-falls
- Published: 2026-11-14T05:24:37+00:00
- Read time: 1 min
- Topics: nu holdings, nu us launch, nasdaq, nubank, chime, sofi, revolut, stablecoin, usdc, eurc, startups, business
## Nu Holdings Stock Rises
Nu Holdings closed at $13.22 on Friday, November 13, up about 11.8%.
## Strong Q3 Results
Nu reported net income of $1.1 billion, up 31% on an FX-neutral basis, on gross revenue of $6.3 billion.
## US Banking Launch
Nu began operating in the US on September 10 through a unit called Nu United States LLC.
## US Product Features
The product offers a savings account with 3.5% APY and fee-free transfers to Brazil, Mexico, and Colombia.
## Targeted Customer Base
Nu targets communities with ties to Latin America, where 60% to 70% of deposits earn nothing.
## Competitor Landscape
Chime, SoFi, and Revolut already serve similar cost-conscious customers with competing products.
## Regulatory Status
Nu's national bank charter is pending approval from the Office of the Comptroller of the Currency.
## Key takeaway

Nu Holdings rose 12% after reporting strong Q3 results and launching US banking services, while Nasdaq fell 0.9%.