Why Shares of Nu Holdings Are Falling Today

Shares of Brazilian fintech company Nu Holdings (NYSE: NU) traded nearly 7% lower as of 1:30 p.m. ET Monday, as broader markets struggled amid continued concerns over inflation and the Federal Reserve's shifting outlook.

Nu is an extremely fast-growing digital banking app that has significantly disrupted the Latin American banking market, with its highly digitized and low-fee banking products. The company has rapidly acquired more than 48 million users and is backed by big names like Berkshire Hathaway, Sequoia Capital, and Tiger Global Management.

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Source Fool.com