Nu Colombia received approval to consolidate its operations under a single company

Bogotá, November 25, 2024 — Nu Colombia, a subsidiary of Nu Holdings, confirms that the Colombian Financial Superintendence (SFC) has formally approved its request to consolidate its account and credit operations under the entity Nu. Colombia Compañía de Financiamiento S.A. This milestone, which reinforces its long-term vision and commitment to the country, will allow it to expand its portfolio of products and services in the future.

This merger will not change any customer conditions and, on the contrary, seeks to continue optimizing Nu’s business model, which now operates under a single company supervised by the Colombian Financial Superintendence. It also provides consumers with new protection mechanisms, such as the Financial Consumer Ombudsman (FCO).

“We are very pleased with this operation, which will allow us to continue expanding our product portfolio in the country while further simplifying the customer experience and service” said Marcela Torres, general manager of Nu Colombia.

Nu’s commitment is long-term. As of September of this year, the company already reached more than 2 million customers in the country and has become one of the 5 financial institutions with the largest number of deposits, in addition to consolidating its operation with clients in 100% of the departments of Colombia.