Finance

Nubank Is Taking New Look at Argentina Under Milei, CEO Says

Vélez says Mexico is where the biggest opportunities are now
CEO also cites the Hispanic market in the US as growth area

Javier Milei
Photographer: Jeenah Moon/Bloomberg

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By Daniel Cancel and Felipe Saturnino

October 23, 2024 at 2:20 PM UTC

Updated on

October 23, 2024 at 4:26 PM UTC

Nu Holdings Ltd. is reassessing prospects for Argentina as all of Latin America roots for the success of President Javier Milei, Chief Executive Officer David Vélez said.

Nubank, as the firm is known, “will watch” Argentina over the next 12 months, and is “taking a new look” at the country under Milei, who took over in December, Vélez said Wednesday in an interview at the Bloomberg New Economy at B20 in Sao Paulo.