Shares of the Brazilian fintech company and digital bank Nu Holdings (NYSE: NU) traded more than 15% higher as of noon ET today after the company reported earnings results for the third quarter of the year last night.

Nu reported net income of $7.8 million on total revenue of roughly $1.3 billion. Revenue beat analyst estimates.

Nu, which has become a huge disruptor in the Latin American banking market with its low-fee banking products and sleek digital experiences, also continued its impressive growth, adding another 5 million-plus customers in the quarter. Nu now has 70.4 million customers and banks roughly 39% of the Brazilian adult population.

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Source Fool.com