Nu (NU) 20-F 20 Apr 23 2022 FY Annual report (foreign) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2022 shares
Entity Addresses [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-41129
Entity Registrant Name	Nu Holdings Ltd.
Entity Central Index Key	0001691493
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	Campbells Corporate Services Limited, Floor 4
Entity Address, Address Line Two	Willow House, Cricket Square
Entity Address, City or Town	Grand Cayman
Entity Address, Country	KY
Entity Address, Postal Zip Code	KY1-9010
Title of 12(b) Security	Class A ordinary shares
Trading Symbol	NU
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Auditor Firm ID	1124
Auditor Name	KPMG Auditores Independentes Ltda.
Auditor Location	São Paulo
Class A [Member]
Entity Addresses [Line Items]
Entity Common Stock, Shares Outstanding	3,602,854,813
Class B [Member]
Entity Addresses [Line Items]
Entity Common Stock, Shares Outstanding	1,091,933,041
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	Rua Capote Valente, 39
Entity Address, Address Line Two	Pinheiros
Entity Address, City or Town	São Paulo
Entity Address, Postal Zip Code	05409-000
City Area Code	55 (11)
Local Phone Number	4020-0185
Contact Personnel Name	Guilherme Marques do Lago
Contact Personnel Email Address	investors@nubank.com.br

Consolidated Statements of Prof

Consolidated Statements of Profit or Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Consolidated Statements Of Profit Or Loss
Interest income and gains (losses) on financial instruments	$ 3,555,213	$ 1,046,746	$ 382,922
Fee and commission income	1,237,018	651,277	354,211
Total revenue	4,792,231	1,698,023	737,133
Interest and other financial expenses	(1,547,903)	(367,344)	(113,924)
Transactional expenses	(176,427)	(117,119)	(126,815)
Credit loss allowance expenses	(1,404,911)	(480,643)	(169,485)
Total cost of financial and transactional services provided	(3,129,241)	(965,106)	(410,224)
Gross profit	1,662,990	732,917	326,909
Operating expenses
Customer support and operations	(335,363)	(190,509)	(123,950)
General and administrative expenses (G&A)	(1,333,267)	(628,901)	(266,024)
G&A - Contingent share award (CSA) termination	(355,573)
G&A - Other	(977,694)	(628,901)	(226,024)
Marketing expenses	(152,997)	(79,574)	(19,426)
Other income (expenses)	(150,264)	(4,097)	(9,535)
Total operating expenses	(1,971,891)	(903,081)	(418,935)
Results with convertible instruments			(101,152)
Loss before income taxes	(308,901)	(170,164)	(193,178)
Current taxes	(473,345)	(219,824)	(22,338)
Deferred taxes	417,612	224,654	44,025
Total income taxes	(55,733)	4,830	21,687
Loss for the year	(364,634)	(165,334)	(171,491)
Loss attributable to shareholders of the parent company	(364,578)	(164,993)	(171,491)
Loss attributable to non-controlling interests	$ (56)	$ (341)
Loss per share – Basic and Diluted	$ (0.0780)	$ (0.1030)	$ (0.1304)
Weighted average number of outstanding shares – Basic and Diluted (in thousands of shares)	4,676,977	1,602,126	1,315,578

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income or Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Profit or loss [abstract]
Loss for the year	$ (364,634)	$ (165,334)	$ (171,491)
Other comprehensive income or loss:
Effective portion of changes in fair value	(29,795)	2,705	8,302
Changes in fair value reclassified to profit or loss	18,007	(242)	(8,223)
Deferred income taxes	2,815	(1,025)	(31)
Cash flow hedge	(8,973)	1,438	48
Changes in fair value	(22,053)	3,046
Deferred income taxes	(1,986)	(1,305)
Financial assets at fair value through other comprehensive income	(24,039)	1,741
Currency translation on foreign entities	2,580	(13,855)	(50,100)
Total other comprehensive income (loss) that may be reclassified to profit (loss) subsequently	(30,432)	(10,676)	(50,052)
Changes in fair value - own credit adjustment	2,008	(1,051)	(219)
Total other comprehensive income or loss that will not be reclassified to profit or loss subsequently	2,008	(1,051)	(219)
Total other comprehensive income (loss), net of tax	(28,424)	(11,727)	(50,271)
Total comprehensive income (loss) for the year, net of tax	(393,058)	(177,061)	(221,762)
Total comprehensive income (loss) attributable to shareholders of the parent company	(393,002)	(176,720)	(221,762)
Total comprehensive income (loss) attributable to non-controlling interests	$ (56)	$ (341)

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 4,172,316	$ 2,705,675
Financial assets at fair value through profit or loss	133,643	918,332
Securities	91,853	815,962
Derivative financial instruments	41,485	101,318
Collateral for credit card operations	305	1,052
Financial assets at fair value through other comprehensive income	9,947,138	8,163,428
Securities	9,947,138	8,163,428
Financial assets at amortized cost	13,684,484	6,982,835
Credit card receivables	8,233,072	4,780,520
Loans to customers	1,673,440	1,194,814
Compulsory and other deposits at central banks	2,778,019	938,659
Other receivables	521,670	50,349
Other financial assets	478,283	18,493
Customer crypto safeguarding asset	18,313
Other assets	541,903	232,915
Deferred tax assets	811,050	360,752
Right-of-use assets	18,982	6,426
Property, plant and equipment	27,482	14,109
Intangible assets	182,164	72,337
Goodwill	397,397	401,872
Total assets	29,934,872	19,858,681
Liabilities
Financial liabilities at fair value through profit or loss	218,174	102,380
Derivative financial instruments	9,425	87,278
Instruments eligible as capital	11,507	12,056
Repurchase agreements	197,242	3,046
Financial liabilities at amortized cost	23,448,892	14,706,713
Deposits	15,808,541	9,667,300
Payables to network	7,054,783	4,882,159
Borrowings and financing	585,568	147,243
Securitized borrowings		10,011
Salaries, allowances and social security contributions	90,587	97,909
Tax liabilities	511,017	241,197
Lease liabilities	20,353	7,621
Provision for lawsuits and administrative proceedings	17,947	18,082
Deferred income	41,688	30,657
Deferred tax liabilities	41,118	29,334
Customer crypto safeguarding liability	18,313
Other liabilities	636,000	182,247
Total liabilities	25,044,089	15,416,140
Equity
Share capital	83	83
Share premium reserve	4,963,774	4,678,585
Accumulated gain (losses)	64,577	(128,409)
Other comprehensive income (loss)	(137,651)	(109,227)
Equity attributable to shareholders of the parent company	4,890,783	4,441,032
Equity attributable to non-controlling interests		1,509
Total equity	4,890,783	4,442,541
Total liabilities and equity	$ 29,934,872	$ 19,858,681

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Issued capital [member]	Share premium [member]	Revaluation surplus [member]	Reserve of exchange differences on translation [member]	Reserve of cash flow hedges [member]	Financial Assets At F V T O C I [Member]	Reserve of gains and losses on hedging instruments that hedge investments in equity instruments [member]	Other equity interest [member]	Non-controlling interests [member]	Total
Beginning balance, value at Dec. 31, 2019	$ 45	$ 631,246	$ 28,189	$ (46,981)	$ 1		$ (249)	$ 612,251		$ 612,251
IfrsStatementLineItems [Line Items]
Loss for the year			(171,491)					(171,491)		(171,491)
Share-based payments granted, net of shares withheld for employee taxes			40,861					40,861		40,861
Stock options exercised		6,776						6,776		6,776
Cash flow hedge					48			48		48
Currency translation on foreign entities				(50,100)				(50,100)		(50,100)
Own credit adjustment							(219)	(219)		(219)
Shares repurchased		(15)						(15)		(15)
Ending balance, value at Dec. 31, 2020	45	638,007	(102,441)	(97,081)	49		(468)	438,111		438,111
IfrsStatementLineItems [Line Items]
Loss for the year			(164,993)					(164,993)	(341)	(165,334)
Share-based payments granted, net of shares withheld for employee taxes			139,025					139,025		139,025
Stock options exercised		12,252						12,252		12,252
Shares issued on business acquisition		277,575						277,575		277,575
Cash flow hedge					1,438			1,438		1,438
Currency translation on foreign entities				(13,855)				(13,855)		(13,855)
Own credit adjustment							(1,051)	(1,051)		(1,051)
Issuance of preferred shares (Series F-1)	5	400,910						400,915		400,915
Issuance of preferred shares (Series G)	3	399,997						400,000		400,000
Issuance of preferred shares (Series G-1)	28	399,972						400,000		400,000
Issuance of shares under the customer program and IPO (note 1b)	2	2,602,024						2,602,026		2,602,026
Transactions costs from IPO (note 1b)		(47,545)						(47,545)		(47,545)
Shares repurchased		(4,607)						(4,607)		(4,607)
Increase in non-controlling interests									1,850	1,850
Other comprehensive income (loss)						1,741		1,741		1,741
Ending balance, value at Dec. 31, 2021	83	4,678,585	(128,409)	(110,936)	1,487	1,741	(1,519)	4,441,032	1,509	4,442,541
IfrsStatementLineItems [Line Items]
Loss for the year			(364,578)					(364,578)	(56)	(364,634)
Share-based payments granted, net of shares withheld for employee taxes			201,991					201,991		201,991
Share-based compensation - contingent share award (CSA) termination			355,573					355,573		355,573
Stock options exercised		4,505						4,505		4,505
Shares issued on business acquisition		36,671						36,671		36,671
Shares issued on IPO over-allotment		247,998						247,998		247,998
Transactions costs from IPO over-allotment		(3,985)						(3,985)		(3,985)
Deconsolidation of subsidiary									(1,453)	(1,453)
Cash flow hedge					(8,973)			(8,973)		(8,973)
Fair value changes - financial assets at FVTOCI						(24,039)		(24,039)		(24,039)
Currency translation on foreign entities				2,580				2,580		2,580
Own credit adjustment							2,008	2,008		2,008
Ending balance, value at Dec. 31, 2022	$ 83	$ 4,963,774	$ 64,577	$ (108,356)	$ (7,486)	$ (22,298)	$ 489	$ 4,890,783		$ 4,890,783

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of profit (loss) to net cash flows from operating activities:
Loss for the year	$ (364,634)	$ (165,334)	$ (171,491)
Adjustments:
Depreciation and amortization	35,581	17,339	7,428
Credit loss allowance expenses	1,440,922	503,679	187,790
Deferred income taxes	(417,612)	(224,654)	(44,025)
Customer Program		11,180
Provision for lawsuits and administrative proceedings	(1,174)	2,818	227
Unrealized losses (gains) on other investments	848	(39,280)
Unrealized losses (gains) on financial instruments	17,794	19,338	48,433
Interest accrued	32,479	11,077	39,521
Contingent share award (CSA) - termination	355,573
Share-based payments	253,203	157,324	35,569
Others	8,203
Total	1,361,183	293,487	103,452
Changes in operating assets and liabilities:
Securities	(1,102,864)	(4,666,792)	(2,008,861)
Compulsory deposits and others at central banks	(1,880,347)	(924,889)	(43,841)
Credit card receivables	(5,213,669)	(2,568,423)	(470,227)
Loans to customers	(1,889,278)	(1,522,217)	(178,686)
Other receivables	(481,824)
Interbank transactions			93
Other assets	(772,415)	(64,072)	78,319
Deposits	6,278,088	4,001,856	2,871,246
Payables to network	2,221,037	1,602,485	312,607
Deferred income	11,277	4,848	3,621
Other liabilities	979,277	417,225	57,841
Interest paid	(30,935)	(9,062)	(6,199)
Income tax paid	(297,090)	(52,314)	(7,880)
Interest received	1,573,133	563,550	263,035
Cash flows (used in) generated from operating activities	755,573	(2,924,318)	974,520
Cash flows from investing activities
Acquisition of property, plant and equipment	(20,001)	(6,025)	(3,084)
Acquisition of intangible assets	(94,305)	(22,473)	(4,902)
Acquisition of subsidiary, net of cash acquired	(10,346)	(114,486)	(8,284)
Acquisition of securities - equity instruments	(2,500)	(11,211)
Cash flow (used in) generated from investing activities	(127,152)	(154,195)	(16,270)
Cash flows from financing activities
Proceeds from senior preferred shares			300,000
Issuance of preferred shares		800,000
Issuance of shares on IPO (2021) and over-allotment (2022)	247,998	2,590,846
Transactions costs from IPO (2021) and over-allotment (2022)	(3,985)	(47,545)
Payments of securitized borrowings	(10,633)	(66,403)	(52,172)
Proceeds from borrowings and financing	581,142	116,349	17,974
Payments of borrowings and financing	(159,983)	(60,523)	(27,893)
Lease payments	(5,005)	(4,387)	(4,568)
Exercise of stock options	4,505	12,252	6,776
Shares repurchased		(4,607)	(15)
Cash flows (used in) generated from financing activities	654,039	3,335,982	240,102
Change in cash and cash equivalents	1,282,460	257,469	1,198,352
Cash and cash equivalents
Cash and cash equivalents - beginning of the year	2,705,675	2,343,780	1,246,566
Foreign exchange rate changes on cash and cash equivalents	184,181	104,426	(101,138)
Cash and cash equivalents - end of the year	4,172,316	2,705,675	2,343,780
Increase (decrease) in cash and cash equivalents	$ 1,282,460	$ 257,469	$ 1,198,352

Operations

Operations	12 Months Ended
	Dec. 31, 2022
Operations
Operations	1. Operations Nu Holdings Ltd. ("Company" or "Nu Holdings") was incorporated as an exempted Company under the Companies Law of the Cayman Islands on February 26, 2016. The address of the Company's registered office is Willow House, 4 th The Company’s shares are publicly traded on the New York Stock Exchange ("NYSE") under the symbol “NU” and its Brazilian Depositary Receipts ("BDRs") are traded on B3 - Brasil, Bolsa, Balcão ("B3"), the Brazilian stock exchange, under the symbol "NUBR33". The Company holds investments in several operating entities and, as of December 31, 2022, its significant operating subsidiaries were: ● Nu Pagamentos S.A. - Instituição de Pagamento (“Nu Pagamentos”) is an indirect subsidiary domiciled in Brazil. Nu Pagamentos is engaged in the issuance and administration of credit cards and payment transfers through a prepaid account, and participation in other companies as partner or shareholder. Nu Pagamentos has as its primary products (i) a Mastercard international credit card (issued in Brazil where it allows payments for purchases to be made in monthly installments), fully managed through a smartphone app, and (ii) NuConta, a 100% digital smartphone app, maintenance-free prepaid account, which also includes features of a traditional bank account, such as electronic and peer-to-peer transfers, bill payments, withdrawals through the 24 Hours ATM network, instant payments, prepaid credit for mobile top ups and prepaid cards similar in functionality to debit cards. ● Nu Financeira S.A. – SCFI (“Nu Financeira”) is an indirect subsidiary also domiciled in Brazil, with personal loans and retail deposits as its main products. Nu Financeira offers customers in Brazil the possibility to obtain loans that can be customized in relation to amounts, terms and conditions, number of installments, and transparent disclosure of any charges involved in the transaction, fully managed through the above-mentioned smartphone app. Loan issuance, repayment, and prepayments are available 24/7 through NuConta's account, directly in the app. Nu Financeira also grants credit to Nu Pagamentos credit card holders, due to overdue invoices, bill installments and revolving credit, and accepts on-demand and fixed term deposits from customers ● Nu Invest Corretora de Valores S.A. ("Nu Invest") is an indirect subsidiary acquired in June 2021, domiciled in Brazil, and is a digital investment broker dealer. ● Nu Distribuidora de Titulos e Valores Mobiliarios Ltda. ("Nu DTVM") is an indirect subsidiary that performs securities brokerage activities in Brazil. ● Nu BN Servicios México, S.A. de CV (“Nu Servicios”) is an indirect subsidiary domiciled in Mexico. Nu Servicios is engaged in the issuance and administration of credit cards. It commenced operations in the Mexican market in August 2019 and officially launched in March 2020. The credit card has similar characteristics to that of the Brazilian operation: an international credit card, with no annual fee, under the Mastercard banner, 100% managed by a digital app on a smartphone. ● Nu México Financiera, S.A. de C.V., S.F.P. ("Nu Financiera") is an indirect subsidiary domiciled in Mexico. Nu Financiera is engaged in the issuance and administration of credit cards and payment transfers through a prepaid account. It commenced operations in the Mexican market in November 2022 and officially launched in December 2022. The credit card has similar characteristics to the Brazilian operation: an international credit card, with no annual fee, under the Mastercard banner, 100% managed by a digital app on a smartphone. ● Nu Colombia S.A. (“Nu Colombia”) is an indirect subsidiary domiciled in Colombia, with operations related to credit cards, which was launched in September 2020. On August 10, 2022, the Financial Superintendence of Colombia ("SFC") approved the Group's request to incorporate a financing company in Colombia, Nu Colombia Compañía de Financiamiento S.A ("Nu Colombia Financiamiento") ("Incorporation License"). Nu Colombia Financiamiento requested the license to operate as a financial company, which is still pending approval. If the request is approved, it will enable Nu Colombia to offer deposit products in the future, amongst other financial products. The Company and its consolidated subsidiaries are referred to in these consolidated financial statements as the “Group” or "Nu”. The business plan of Nu provides for the continued growth of its Brazilian, Mexican, and Colombian operations, not only related to existing businesses, such as credit cards, personal loans, investments, and insurance, but also complemented by the launch of new products. Accordingly, these consolidated financial statements were prepared based on the assumption of the Group continuing as a going concern, considering that recent losses are principally due to the expenses incurred to deliver upon the Group’s rapid growth, in accordance with its business plan. The Company’s Board authorized the issuance of these consolidated financial statements on April 20, 2023. a) Contingent share award - Termination On November 29, 2022, Mr. David Vélez, the Company's Chief Executive Officer, informed the Company of his unilateral decision to terminate the 2021 Contingent Share Award (CSA). As a result of the termination, the Company recorded expenses of US$ 356 b) Initial Public Offering ("IPO") On December 9, 2021, Nu Holdings completed its IPO, offering 289,150,555 9.00 8.36 Within the context of the Brazilian offering, Nu implemented an incentive and reward program, referred to commercially as “NuSócios” or “Customer Program”, through which the subsidiary Nu Pagamentos provided sufficient funds to cover the subscription and payment of one BDR in the Brazilian offering to each customer that participated in the Customer Program. A total of 7,557,679 BDRs were allocated to this program, equivalent to 1,259,613 ordinary class A shares. The total amount for this program was US$11,180 (R$60,331), based on the R$ 8.36 price per BDR. Nu recognized the costs associated with the Customer Program arising from funding the subscription and payment of the BDRs for the customers who participate in the Customer Program as a reduction in revenue in the fourth quarter of 2021. As a result, Nu Holdings had gross proceeds from the IPO of US$ 2,602,026 61,717 47,545 . In January 2022, Nubank issued 27,555,298 raised proceeds of US$ 247,998 c) Level III BDR Program discontinuation On April 5, 2023 the Board of Directors decided to resubmit its plan for the voluntary discontinuance of its Level III BDRs Program, having approved the presentation of a new plan which would result in the cancellation of the Level III BDRs Program with the CVM; and, following this, the cancellation of the Company's registration with the CVM as a foreign public issuer of category "A" securities ("New Plan"). The New Plan will be submitted to B3 for approval, and then to CVM. If approved in the proposed format, the New Plan provides that the current holders of the BDRs must decide between: (i) remaining as the Company’s shareholder through the receipt of class A ordinary shares traded on the NYSE, with certain conditions that need to be met; (ii) remaining as holders of the Company's BDRs through the receipt of Unsponsored Level I BDRs; or (iii) if no declaration is made, the Company will sell the underlying shares on NYSE and former holders will receive the equivalent amount ("Sales Facility"). In addition, Banco Bradesco S.A. ("Bradesco") has been contracted to request the registration of the Unsponsored Level I BDR Program as soon as the Company presents the New Plan to B3. d) Acquisition activities completed Olivia On November 2, 2021, Nu Holdings signed a stock purchase agreement ("SPA") to purchase all the shares of Olivia AI do Brasil Participações Ltda. ("Olivia Participações"), Olivia AI do Brasil Instituição de Pagamento Ltda. ("Olivia Pagamentos") and Olivia AI Inc. ("Olivia Inc") - together referred to as "Olivia" in these consolidated financial statements. Olivia's acquisition was completed on January 3, 2022, when the control over the entities was transferred to Nu upon the completion of all conditions established in the SPA and the payment of part of the acquisition's contractual price. In 2016, Olivia launched an artificial intelligence ("AI") solution that helps individuals manage their money. The AI works by integrating the user's various bank accounts and applying data analysis of both the expenses and income of its users, in order to provide suggestions for financial planning. Nu believes that Olivia's AI will further strengthen the Group's open banking initiatives. In addition, Olivia's strategic capabilities in data science and its highly specialized team are expected to enable Nu to continue creating and offering new products based on artificial intelligence. The transaction qualified as a business combination and was accounted for using the acquisition method of accounting. Purchase consideration at acquisition date The total purchase price was US$ 47,225 10,554 3,909,449 3,970,986 Net identifiable assets acquired, and liabilities assumed The control over the entities was transferred to Nu in January 2022. The Company has concluded the identification of the assets acquired and liabilities assumed and the allocation of the purchase price to these assets and liabilities, as well as the measurement of the fair value of the purchased intangible assets and goodwill. Identifiable intangible assets will be amortized over a period of 3 6 The goodwill from Olivia’s acquisition relates to future benefits expected to be realized through different strategies, such as the usage of the technology and Olivia's professional technical team within the ecosystem of Nu's solutions. Schedule of fair value Fair value recognized on acquisition - US$ Identifiable assets and liabilities Cash and cash equivalents 208 Other assets 615 Intangible assets 42,421 Liabilities (6,400) Total identifiable net assets at fair value 36,844 Goodwill arising on acquisition 10,381 Purchase consideration transferred 47,225 Equity consideration 36,671 Cash consideration 10,554 The additional intangible assets recognized, and the allocation as of the purchase price were customer relationship (US$ 3,670 37,065 The following were the main assumptions used in the determination of the fair value of the identifiable assets acquired and liabilities assumed: (i) discount rate of 15.9% and growth rate of 2%, (ii) EBITDA margin close to 50%, and (iii) the residual value was calculated based on projected cash flows. Net cash outflow on acquisition Schedule of net cash outflow on acquisition US$ Consideration paid in cash 10,554 (-) Cash and cash equivalent balances acquired (208) Net cash outflow 10,346 Impact of the acquisition on the results of the Group Olivia contributed US$ 821 27,683 e) Reconciliation of goodwill and intangible assets shown in the consolidated statements of financial position Reconciliation of intangible assets and goodwill shown in the consolidated statements of financial position 2022 2021 Goodwill Intangible assets Goodwill Intangible assets Intangibles related to acquisitions Easynvest's acquisition 381,125 34,086 392,989 45,061 Cognitect's acquisition 831 2,673 831 4,889 Spin Pay's acquisition 5,060 6,044 5,372 8,048 Akala's acquisition - - 2,680 - Olivia's acquisition 10,381 40,689 - - Other intangible assets - 98,672 - 14,339 Total 397,397 182,164 401,872 72,337

Statement of compliance

Statement of compliance	12 Months Ended
	Dec. 31, 2022
Statement Of Compliance
Statement of compliance	2. Statement of compliance The Company's consolidated financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). a) Functional currency and foreign currency translation i) Nu Holding's functional and presentation currency Nu Holdings does not have any direct customers and its main direct activities are (i) investing in the operating entities in Brazil, Mexico, Colombia, as well as in other countries, (ii) financing, either equity or debt; and (iii) the payment of certain general and administrative expenses. As a result, these are considered its primary and secondary activities and all of them are substantially based on US Dollars (“US$”), which was selected as the functional and presentation currency of Nu Holdings. ii) Subsidiary's functional currency For each subsidiary of the Group, the Company determines the currency that best reflects the economic substance of the underlying events and circumstances relevant to that entity (“functional currency”). Items included in the financial statements of each subsidiary are measured using that functional currency. The functional currency of the Brazilian operating entities is the Brazilian Real, the Mexican entities is the Mexican Peso, and the Colombian entity is the Colombian Pesos. iii) Translation of transactions and balances Foreign currency transactions and balances are translated in two consecutive stages: ● Foreign currency transactions are translated to the subsidiaries’ functional currency at the exchange rates at the date of the transactions; and the exchange differences arising on the translation of foreign currency balances to the functional currency are recognized under “Other income (expenses)” in the consolidated statements of profit or loss. Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rate at the reporting date. Revenues and expenses are translated using a monthly average exchange rate. Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into the functional currency at the exchange rate when the fair value was determined. Non-monetary items that are measured based on historical cost in a foreign currency are translated at the exchange rate at the date of the transaction. ● The financial statements of the subsidiaries held in functional currencies that are not US$ (foreign subsidiaries) are translated into US$, and the exchange differences arising from the translation to US$ of the financial statements denominated in functional currencies other than the US$ is recognized in the consolidated statements of comprehensive income or loss ("OCI") as an item that may be reclassified to profit or loss within “currency translation on foreign entities”. The main criteria applied to the translation of financial statements of foreign subsidiaries to US$ are as follows: ● assets and liabilities are converted into US$ at the exchange rate at the reporting date; ● equity is translated into US$ at historical cost; ● revenues and expenses are translated using a monthly average exchange rate. When applying this criterion, the Group considers whether there have been significant changes in the exchange rates in the reporting period which, in view of their materiality with respect to the consolidated financial statements taken as a whole, would make it necessary to use the exchange rates at the transaction date rather than the aforementioned average exchange rates; and ● statements of cash flow items are translated into US$ using the monthly average exchange rate unless significant variances occur, when the rate of the transaction date is used instead. b) New or revised accounting pronouncements adopted in 2022 The following new or revised standards have been issued by IASB, were effective for the year covered by these consolidated financial statements, and had no significant impact. ● Reference to the Conceptual Framework (Amendments to IFRS 3); ● Annual Improvements to IFRS Standards 2018–2020 (Amendments to IFRS 9 and IFRS 16); c) Other new standards and interpretations not yet effective ● Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2); ● Definition of Accounting Estimates (Amendments to IAS 8); ● Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments to IAS 12); and ● Non-current Liabilities with Covenants (Amendments to IAS 1). Management does not expect the adoption of the standards and interpretations described above to have a significant impact, other than additional disclosures, on the consolidated financial statements.

Basis of consolidation

Basis of consolidation	12 Months Ended
	Dec. 31, 2022
Basis Of Consolidation
Basis of consolidation	3. Basis of consolidation These consolidated financial statements include the accounting balances of Nu Holdings and all those subsidiaries over which the Company exercises control, directly or indirectly. Control is achieved where the Company has (i) power over the investee; (ii) is exposed, or has rights, to variable returns from its involvement with the investee; and (iii) can use its power to affect its profits. The Company re-assesses whether it maintains control of an investee if facts and circumstances indicate that there are changes to one or more of the three above mentioned elements of control. The consolidation of a subsidiary begins when the Company obtains control over it and ceases when the Company loses control over it. Assets, liabilities, income, and expenses of a subsidiary acquired or disposed of during the reporting period are included in the consolidated statements of profit or loss from the date the Company gains control until the date the Company ceases to control the subsidiary. In May 2022, Nu deconsolidated Nu Fundo de Investimentos em Ações (“Nu FIA”). The financial information of the subsidiaries was prepared in the same period as the Company and consistent accounting policies were applied. The financial statements of the subsidiaries are fully consolidated with those of the Company. Accordingly, all balances, transactions and any unrealized income and expenses arising between consolidated entities are eliminated in the consolidation, except for foreign-currency gain and losses on translation of intercompany loans. Profit or loss and each component of other comprehensive income or loss are attributed to the shareholders of the parent and to the non-controlling interests, when applicable. The subsidiaries below are the most relevant entities included in these consolidated financial statements: These consolidated financial statements include the subsidiaries December 31 Entity Control Principal activities Functional currency Country 2022 2021 2020 Nu BN México, S.A. de CV (“Nu Mexico”) Indirect Multiple purpose financial company MXN Mexico 100 100 100 Nu BN Servicios México, S.A. de CV (“Nu Servicios") Indirect Credit card operations MXN Mexico 100 100 100 Nu BN Tecnologia, S.A de CV (“Nu Tecnologia”) Indirect Computer consulting service MXN Mexico 100 100 100 Nu Colombia S.A. (“Nu Colombia”) Indirect Credit card operations COP Colombia 100 100 100 Cognitect, Inc. ("Cognitect") Direct Technology E-Hub US$ USA 100 100 100 Nu Pagamentos S.A. - Instituição de Pagamentos (“Nu Pagamentos”) Indirect Credit card and prepaid account operations BRL Brazil 100 100 100 Nu Financeira S.A. – SCFI (“Nu Financeira”) Indirect Loan operations BRL Brazil 100 100 100 Nu Asset Management Ltda. (“Nu Asset”) - former "Nu Investimentos" Indirect Fund manager BRL Brazil 100 100 100 Nu Distribuidora de Titulos e Valores Mobiliarios Ltda. ("Nu DTVM") Indirect Securities distribution BRL Brazil 100 100 100 Nu Produtos Ltda. ("Nu Produtos") Indirect Insurance commission BRL Brazil 100 100 100 Nu Invest Corretora de Valores S.A ("Nu Invest") - former “Easynvest TCV" Indirect Investment platform BRL Brazil 100 100 - Nu Corretora de Seguros Ltda. ("Nu Corretora de Seguros") - former “Easynvest Corretora" Indirect Insurance commission BRL Brazil 100 100 - Nu Plataformas - Intermediação de Negocios e Serviços Ltda ("Nu Plataforma") Indirect Services platform BRL Brazil 100 100 - Nu Tecnologia S.A ("Nu Tecnologia") Direct Talent E-Hub UYU Uruguay 100 100 - Nu México Financiera, S.A. de C.V., S.F.P. ("Nu Financiera") - former “Akala” Indirect Multiple purpose financial company MXN Mexico 100 100 - Nu Pay for Business Instituição de Pagamentos Ltda. ("Spin Pay") Indirect Payment hub BRL Brazil 100 100 - Olivia AI do Brasil Instituição de Pagamento Ltda. ("Olivia Pagamentos") Indirect AI Fintech BRL Brazil 100 - - Nu Crypto Ltda. Indirect Crypto distribution BRL Brazil 100 - - Nu Colombia Compañía de Financiamiento S.A. Indirect Financial intermediary COP Colombia 100 - - Nu Brasil Serviços Ltda. Indirect Administrative Services BRL Brazil 100 - - Nu Brasil Tecnologia Ltda Indirect Information Technology Activities BRL Brazil 100 - - In addition, the Company consolidated the following investment fund in which the Group’s companies hold a substantial interest or the entirety of the interests and are therefore exposed, or have rights, to variable returns and have the ability to affect those returns through power over the entity: Additional details of consolidated investment fund Name of the entity Country Fundo de Investimento Ostrum Soberano Renda Fixa Referenciado DI (“Fundo Ostrum”) Brazil Nu Pagamentos, Nu Financeira, Nu DTVM and Nu Invest, Brazilian subsidiaries, are regulated by the Brazilian Central Bank (“BACEN”), Nu México Financiera, S.A. de C.V., S.F.P. ("Nu Financiera"), a Mexican subsidiary, is regulated by both the Mexican Central Bank ("BANXICO") and Mexican National Baking and Stock Commission (“CNBV”) and Nu Colombia, a Colombian subsidiary, is regulated by Industry and Commerce Superintendency, and as such, there are some regulatory requirements that restrict the ability of the Group to access and transfer assets freely to or from these entities within the Group and to settle liabilities of the Group.

Significant accounting policies

Significant accounting policies	12 Months Ended
	Dec. 31, 2022
Significant Accounting Policies
Significant accounting policies	4. Significant accounting policies The accounting policies described below have been applied consistently through the years presented in these consolidated financial statements. a) Financial instruments Initial recognition and measurement Financial assets and liabilities are initially recognized when the Group becomes a party to the contractual terms of the instrument. The Group determines the classification of its financial assets and liabilities at initial recognition and measures a financial asset or financial liability at its fair value plus or minus, in the case of a financial asset or financial liability not at fair value through profit or loss ("FVTPL"), transaction costs that are incremental and directly attributable to the acquisition or issue of the financial asset or financial liability. Transaction costs of financial assets and financial liabilities carried at fair value through profit or loss are expensed in profit or loss. Immediately after initial recognition, an expected credit loss ("ECL") allowance is recognized for financial assets measured at amortized cost and investments in debt instruments measured at fair value through other comprehensive income ("FVTOCI"), if any. Classification and subsequent measurement Financial assets and financial liabilities are classified as FVTPL where there is a requirement to do so or where they are otherwise designated at FVTPL on initial recognition. Financial assets and financial liabilities which are required to be held at FVTPL include: ● Financial assets and financial liabilities held for trading; ● Debt instruments that do not have solely payments of principal and interest ("SPPI") characteristics. Otherwise, such instruments must be measured at amortized cost or FVTOCI; and ● Equity instruments that have not been designated as held at FVTOCI. Financial assets and financial liabilities are classified as held for trading if they are derivatives or if they are acquired or incurred mainly for the purpose of selling or being repurchased in the near-term, or form part of a portfolio of financial instruments that are managed together and for which there is evidence of short-term profit-taking. In certain circumstances, other financial assets and financial liabilities are designated at FVTPL where this results in the more relevant information. This may arise because it significantly reduces a measurement inconsistency that would otherwise arise from measuring assets or liabilities or recognizing the gains or losses on them on a different basis, where the assets and liabilities are managed and their performance evaluated on a fair value basis or, in the case of financial liabilities, where it contains one or more embedded derivatives which are not closely related to the host contract. The classification and measurement requirements for financial asset debt and equity instruments and financial liabilities are set out below. Financial assets - debt instruments Debt instruments are those instruments that meet the definition of financial liability from the issuer's perspective, such as loans and government and corporate bonds. The classification criteria and subsequent measurement for financial assets depends on the business model for their management and the characteristics of their contractual flows. The business models refer to the way in which the Group manages its financial assets to generate cash flows. In this definition, the following factors are taken into consideration, among others: ● How key management assess and report on the performance of the business model and the financial assets held in the business model; ● The risks that affect the performance of the business model (and the financial assets held in the business model) and, specifically, the way in which these risks are managed; and ● The frequency and volume of sales in previous years, as well as expectations of future sales. Depending on these factors, the asset can be measured at amortized cost, at fair value with changes in other comprehensive income, or at fair value with changes through profit or loss. Business model: When a financial asset is subject to business models (i) and (ii), the application of the SPPI test is required, as explained below. Solely Payments of Principal and Interest – SPPI test: Based on these factors, the Group classifies its instruments into one of the following measurement categories. Amortized cost: Financial assets that are held for collection of contractual cash flows where those cash flows represent SPPI, and that are not designated at FVTPL, are measured at amortized cost. The carrying amount of these assets is adjusted by any ECL recognized and measured. Interest income from these financial assets is included in the statement of profit or loss using the effective interest rate method. When estimates of future cash flows are revised, the carrying amount of the respective financial assets or financial liabilities is adjusted to reflect the new estimate discounted using the original effective interest rate. Any changes are recognized in the statement of profit or loss. FVTOCI: Financial assets that are both held for collection of contractual cash flows, where those cash flows represent SPPI, and for sale, depending on the Company's best interests, which are not designated at FVTPL, are measured at fair value through other comprehensive income ("FVTOCI"). The carrying amount of these assets is adjusted by any ECL recognized and measured. Interest income from these financial assets is included in the statement of comprehensive income or loss using the effective interest rate method. FVTPL: Financial assets that do not meet the criteria for amortized cost or FVTOCI are measured at FVTPL. A gain or loss on a debt instrument that is subsequently measured at FVTPL, including any debt instruments designated at fair value, is recognized in profit or loss, and presented in the statement of profit or loss in the period in which it arises. The Group reclassifies financial assets when and only when its business model for managing those assets changes. The reclassification takes place from the start of the first period following the change. Classification of financial assets for presentation purposes Financial assets are classified by nature into the following items in the consolidated statements of financial position: ● Cash and cash equivalents; ● Securities; ● Collateral for credit card operations; ● Derivative financial instruments; ● Compulsory deposits at central banks; ● Credit card receivables and loans to customers; ● Other financial assets; ● Other receivables; Financial liabilities Financial liabilities are initially classified into the various categories used for management and measurement purposes, unless they have to be presented as liabilities associated with non-current assets held for sale or they relate to hedging derivatives or changes in the fair value of hedged items in portfolio hedges of interest rate risk, which are reported separately. Financial liabilities are included for measurement purposes in one of the following categories: ● Financial liabilities held for trading (at FVTPL): this category includes financial liabilities incurred for the purpose of generating a profit in the near term from fluctuations in their prices and financial derivatives not designated as hedging instruments. ● Financial liabilities designated at FVTPL: financial liabilities are included in this category when they provide more relevant information, either because this eliminates or significantly reduces recognition or measurement inconsistencies (accounting mismatches) that would otherwise arise from measuring assets or liabilities or recognizing the gains or losses on them on different bases, or because a group of financial liabilities or financial assets and liabilities is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy, and information about the group is provided on that basis to the Group’s key management personnel. Liabilities may only be included in this category on the date when they are incurred or originated. This classification is applied to derivatives, financial liabilities held for trading, and other financial liabilities designated as such at initial recognition. The Group has designated the instruments eligible as capital as fair value through profit or loss at its initial recognition. Gains or losses on financial liabilities designated at fair value through profit or loss are presented partially in other comprehensive income (the amount of change in the fair value of the financial liability that is attributable to changes in the credit risk of that liability) and partially in profit or loss (the remaining amount of change in the fair value of the liability). ● Financial liabilities at amortized cost: financial liabilities, irrespective of their instrumentation and maturity, not included in any of the above-mentioned categories which arise from the ordinary borrowing activities carried on by financial institutions. Convertible instruments Convertible instruments, which corresponded to the Company’s senior preferred shares, are separated into the financial liability and equity components based on the terms of the contract. On issuance of the convertible instrument, the fair values of the financial liability components are determined based on their characteristics, using a market rate for an equivalent non-convertible instrument for the contractual obligation to deliver cash and valuation models to the convertible embedded derivative into a variable number of shares. The financial liability due to the obligation to deliver cash is classified as a financial liability measured at amortized cost (net of transaction costs) until it is extinguished on conversion or redemption; and the convertible embedded derivative is measured at fair value and presented as “Derivative financial instruments” in the consolidated statements of financial position. No gain or loss arises from initially recognizing the components of the convertible instrument separately. On conversion of convertible instruments, the Company derecognizes both the liability and derivative components and recognizes them as equity, without any effect in the statement of profit or loss. The expenses relating to the measurement of the financial liability components are presented as "Results with convertible instruments" in the statement of profit or loss. Classification of financial liabilities for presentation purposes Financial liabilities are classified by nature into the following items in the consolidated statements of financial position: ● Derivative financial instruments; ● Instruments eligible as capital; ● Repurchase agreements; ● Deposits; ● Payables to network; ● Borrowings and financing, and securitized borrowings; Credit loss allowance of financial assets The Group calculates an expected credit loss ("ECL") for its financial assets. This way, ECLs should account for forecast elements such as undrawn limits and macroeconomic conditions that might affect the Group’s receivables. The Group calculates different provisions for the financial instruments classified into: ● Stage 1 - no significant increase in credit risk (“SICR”); ● Stage 2 - significant increase in credit risk subsequent to recognition; and ● Stage 3 - credit impaired. Based on these concepts, Nu’s approach was to calculate ECL through the probability of default ("PD"), exposure at default ("EAD") and loss given default ("LGD") methodology. Definitions of stages Stage 1 definition – no significant increase in credit risk All receivables not classified in stages 2 and 3. Stage 2 definition – significant increase in credit risk subsequent to recognition The Group utilizes two guidelines for determining stage 2: (i) absolute criteria: the financial asset is more than 30 (thirty) days in arrears; or (ii) relative criteria: in addition to the absolute criteria, the Group analyzes monthly the evolution of the risk of each financial instrument, comparing the current behavior score attributed to a given client with the one given in the moment of recognition of the financial asset. The behavior score considers credit behavior variables, such as delinquency in other products and market data about the client. A cure criteria is adopted for stage 2, considering if the financial asset is no longer meeting the significant increase in credit risk criteria as stated above. Stage 3 definition – credit impaired Stage 3 definition follows the definition of default: (i) The financial asset is more than 90 (ninety) days in arrears; or (ii) There are indicatives that the financial asset will not be fully paid without a collateral or financial guarantee being triggered. Indication that an obligation will not be fully paid includes forbearance of financial instruments that implies advantages being granted to the counterparty following deterioration in the credit quality of the counterparty. The group also assumes a cure criteria for stage 3, taking into account triggers that access the payment capacity of the counterparty such as the percentage of the total debt paid or time threshold meeting the debt current obligations Lifetime definition The maximum period over which expected credit losses shall be measured is the maximum contractual period over which the entity is exposed to credit risk. For loan commitments, this is the maximum contractual period over which an entity has a present contractual obligation to extend credit. Thus, for the lending product, the lifetime is straightforward, being equal to the number of months for the remaining loan installments to be defaulted on. However, the credit card includes both a loan and an undrawn commitment component and does not have a fixed term or repayment structure. Thus, the period over which to measure expected credit losses are based on historical information and experience about the length of time for related default to occur on similar financial instruments following a significant increase in credit risk. Therefore, a study was conducted for the stage 2 credit cards portfolio tracking over a time period to measure how long it takes for the cumulative default rate to stabilize, understanding this as the moment the entity is not expected to be exposed to credit risk. Forward-looking – macroeconomic scenarios The Group calculates the ECL considering the current and future macroeconomic environment. The macroeconomic forecasts are based on market expectations for the main countries the group operates in and include the variables GDP (Growth Domestic Product), inflation, unemployment and basic interest rate. These forecasts are constantly monitored by the Group. The Group builds models upside and downside scenarios, which are based on the relationships observed historically with changes in credit risk The probability of occurrence and their severity are factored into the estimation of the ECL final number. This methodology allows a timelier response to changes in local or global macroeconomic trends. Measuring ECL The final ECL was calculated using the following parameters: ● PD: it is the likelihood that a receivable will reach default in a time window. For stage 1 customers, PDs are calculated for the next 12-month period, while for stage 2, its calculation is done through the lifetime of the instrument. For stage 3, PD is considered to be 100% since the credit has already defaulted. ● EAD: the discounted balance that, in the event of a default, a customer is expected to have. For revolving facilities, it is a function of the customer’s current limit (total credit exposure) and the expected limit utilization percentage at the moment of default. The expected limit utilization is driven by different customer behavior. In contrast the EAD of a personal loan product is the expected balance value at default after considering the installments payments behavior. ● LGD: the percentage expected not to be recovered from a defaulted balance. This ratio represents the present value of the expected losses, after all recoveries are accounted for, divided by the defaulted balances. ● Discount rate: it is the average effective interest rate calculated using historical data. The parameters mentioned above are segmented in homogeneous risk groups, determined by internal scoring models, relying on, among others, customer behavioral information, internal and external, including delinquency and credit utilization. Governance around ECL The Group’s Credit Risk Team has developed the current ECL method. Monthly results are monitored and discussed in appropriate forums involving credit businesses and finance teams. The Group assesses the performance of ECL estimations through the following methods: ● Back testing: running the model at prior reference dates allows the Group to evaluate how the model’s predictions have paired with actual data. ● Coverage duration: while back testing, the Group analyzes how many months it is covered for losses while provisioning the ECL. Post-Model Adjustments Limitations in the Group's provisions model may be identified, and in these circumstances, Management might suggest appropriate adjustments to the Group's provisions by applying post-model adjustments. Presentation of allowance for ECL in the consolidated statement of financial position Loss allowances for ECL are presented in the consolidated statement of financial position as a deduction from the gross carrying amount of the assets. Any excess of the loss allowance over the gross amount is presented as a provision in “Other liabilities”. Write-off The Group directly reduces the gross carrying amount of a financial asset when it has no reasonable expectation of recovering it in its entirety or a portion thereof. For unsecured loans, a write-off is made when all internal avenues of collecting the debt have been exhausted, and the debt is handed over to external collection agencies or the Group has no reasonable expectation of recovering further amounts . All balances are written-off, and are subject to enforcement activity. Contact is made with customers with the aim of achieving a realistic and sustainable repayment arrangement. Recoveries Recoveries of credit losses are registered as an income, offset against credit losses, and classified in the consolidated statements of profit or loss as “Credit loss allowance expenses”. Modifications of financial assets The factors used by the Group to determine whether there is a substantial modification of a contract are: evaluation if there is a renegotiation that is not part of the original contractual terms, change to contractual cash flows and significant extensions of the term of the transaction due to the debtor's financial constraint and significant changes to the interest rate, among others. The major modifications in the Company’s financial assets correspond to changes in contractual cash flows when credit card receivables, current or revolving, are modified to receivables in installments or changes in the installments profile in loans to customers. These modifications occur as a result of commercial restructuring activity or due to the credit risk of the borrower, an assessment must be performed to determine whether the terms of the new agreement are substantially different from the terms of the existing agreement. This assessment considers both the change in cash flows arising from the modified terms as well as the change in overall instrument risk profile. Where terms are substantially different, the existing receivable will be derecognized and a new one will be recognized at fair value, with any difference in valuation recognized immediately within the statement of profit or loss, subject to observability criteria. Where terms are not substantially different, the receivables carrying value will be adjusted to reflect the present value of modified cash flows discounted at the original effective interest rate, with any resulting gain or loss recognized immediately within the statement of profit or loss. For ECL purposes, any modification that implies a forbearance will be recognized as stage 3. A forbearance implies advantages being granted to the counterparty as a result of deterioration in the credit quality of the counterparty. For this definition, the following are considered advantages (i) any material discounts applied to the current obligation and (ii) changes in prices that do not represent the customer credit risk profile. Derivative financial instruments Derivatives are contracts or agreements whose value is derived from one or more underlying indexes or asset values inherent in the contract or agreement, which require little or no initial net investment and are settled at a future date. Transactions are undertaken in interest rate, cross-currency, and other index related swaps and forwards. Derivatives are held for risk management purposes and are classified as held for trading unless they are designated as being in a hedge accounting relationship. Derivatives are recognized initially at cost (on the date on which a derivative contract is entered into) and are subsequently re-measured at their fair value. Fair values of exchange-traded derivatives are obtained from quoted market prices. Fair values of over-the-counter derivatives are estimated using valuation techniques, including discounted cash flow and option pricing models. A derivative contract is presented as an asset or as a liability according to its fair value at the reporting date, except where netting is permitted. The method of recognizing fair value gains and losses depends on whether derivatives are held for trading or are designated as hedging instruments and, if the latter, the nature of the risks being hedged. Gains and losses from changes in the fair value of derivatives held for trading are recognized in the consolidated statements of profit or loss and included within “Interest income and gains (losses) on financial instruments”. Hedge accounting The Group applies hedge accounting to represent the economic effects of its risk management strategies. At the time a financial instrument is designated as a hedge (i.e., at the inception of the hedge), the Group formally documents the relationship between the hedging instrument(s) and hedged item(s), its risk management objective and strategy for undertaking the hedge. The documentation includes the identification of each hedging instrument and the respective hedged item, the nature of the risk being hedged and how the hedging instrument’s effectiveness in offsetting the exposure to changes in the hedged item’s fair value attributable to the hedged risk is to be assessed. Accordingly, the Group formally assesses, both at the inception of the hedge and on an ongoing basis, whether the hedging derivatives have been and will be highly effective in offsetting changes in the fair value attributable to the hedged risk during the period that the hedge is designated. A hedge is usually regarded as highly effective if, at inception and throughout its life, the Group can expect, and actual results indicate, that changes in the fair value or cash flow of the hedged items are effectively offset by changes in the fair value or cash flow of the hedging instrument. If, at any point, it is concluded that it is no longer highly effective in achieving its documented objective, hedge accounting is discontinued. Where derivatives are held for risk management purposes, and when transactions meet the required criteria for documentation and hedge effectiveness, the derivatives may be designated as either: (i) hedges of the change in fair value of recognized assets or liabilities or firm commitments (fair value hedges); (ii) hedges of the variability in highly probable future cash flows attributable to a recognized asset or liability, or a forecast transaction (cash flow hedges); or (iii) a hedge of a net investment in a foreign operation (net investment hedges). The Group applies cash flow hedge accounting in the subsidiary Nu Pagamentos that is exposed to foreign currency risk (dollar and euro) on forecast transactions, as described below. (i) Cash flow hedge accounting (ii) Portfolio Hedge The Group’s overall hedging strategy is to reduce fair value changes of a portion of the fixed rate portfolio. As such, in order to reflect the dynamic nature of the hedged portfolio, the strategy is to rebalance the future DI contracts and evaluate the allocated amount by the credit portfolio. Additionally, ineffectiveness could arise from the disparity between expected and actual prepayments (prepayment risk). In accordance with its hedging strategy, the Group calculates the DV01 (delta value of a basis point) of the exposure and futures to identify the optimal hedging ratio, and monitors in a timely manner the hedge relationship, providing any rebalancing if needed. The need for the purchase or sale of new future DI contracts will be assessed, to counterbalance the hedged item’s market value adjustment, aiming to assure hedge effectiveness between 80% and 125%, as determined in the hedge documentation. The effectiveness test for the hedge is done in a prospective and retrospective way. In the prospective test, the Group compares the impact of a 1 basis point parallel shift on the interest rate curve (DV01) on the hedged object and on the hedge instrument market value. For the retrospective test, the market-to-market value change since the inception of the hedged object is compared to the hedge instrument. In both cases, the hedge is considered effective if the correlation is between 80% and 125%. For designated and qualifying fair value hedges, the cumulative change in the fair value of the hedging derivative and of the hedged item attributable to the hedged risk is recognized in the consolidated statement of profit or loss in "Interest income and gains (losses) on financial instruments - financial assets at fair value". In addition, the cumulative change in the fair value of the hedged item attributable to the hedged risk is recorded as part of the carrying value of the hedged item in the consolidated statement of financial position. (iii) Hedge of corporate and social security taxes over share-based compensation - The Group applies the cash flow hedge for the hedge structure hence the market risk is replaced by an interest rate risk. The effectiveness assessment is performed monthly by (i) assessing the economic relationship between the hedged item and the hedging instrument; (ii) monitoring the credit risk impact in the hedge effectiveness; and (iii) maintaining or updating the hedging ratio. Given the possibility of forfeiture impacting the future cash forecast of the employee benefit plan, the Group under hedges the exposure to reduce the risk of ineffectiveness. The derivative fair value is measured substantially based on the stock price which is also used in the measurement of the provision or payable for corporate and social security taxes, therefore there is no expectation for a mismatch to exist between the hedged item and hedging instrument at maturity other than the SOFR. Offsetting financial assets and liabilities Financial asset and liability balances, including derivatives, are offset (i.e., reported in the statements of financial position at their net amount) only if the Group entities have a legally enforceable right to set off the recognized amounts and intend either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The Group has not offset financial assets or liabilities. b) Fair value Fair value is defined as the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The fair value accounting guidance provides a three-level fair value hierarchy for classifying financial instruments. This hierarchy is based on the markets in which the assets or liabilities trade and whether the inputs to the valuation techniques used to measure fair value are observable or unobservable. The fair value measurement of a financial asset or liability is assigned a level based on the lowest level of any input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are described below: ● Level 1: Level 2: ● Level 3: The degree of management judgment involved in determining the fair value of a financial instrument is dependent upon the availability of quoted prices in active markets or observable market parameters. When quoted prices and observable data in active markets are not fully available, management judgment is necessary to estimate fair value. Valuation techniques include net present value and discounted cash flow models, comparison with similar instruments for which observable market prices exist, Black-Scholes pricing model and other valuation models. Assumptions and inputs used in valuation techniques include risk-free and benchmark interest rates, credit spreads and other inputs used in estimating discount rates. The availability of observable market prices and model inputs reduces the need for management judgment and estimation and also reduces the uncertainty associated with determining fair values. Changes in market conditions, such as reduced liquidity in the capital markets or changes in secondary market activities, may reduce the availability and reliability of quoted prices or observable data used to determine fair value. Significant judgment may be required to determine whether certain financial instruments measured at fair value are classified as Level 2 or Level 3. In making this determination, the Group considers all available information that market participants use to measure the fair value of the financial instrument, including observable market data, indications of market liquidity and orderliness, and Group’s understanding of the valuation techniques and significant inputs used. Based upon the specific facts and circumstances of each instrument or instrument category, judgments are made regarding the significance of the Level 3 inputs to the instruments’ fair value measurement in its entirety. If Level 3 inputs are considered significant, the instrument is classified as Level 3. The process for determining fair value using unobservable inputs is generally more subjective and involves a high degree of management judgment and assumptions. The Group has in place controls to ensure that the fair value measurements are appropriate and reliable, including review and approval of new transaction types, price verification, and review of valuation judgments, methods, models, process controls, and results. The financial instruments measured at fair value at the reporting date by the level in the fair value hierarchy are disclosed in note 26. c) Accounting for acquisitions Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, which is measured at acquisition date at fair value, and the amount of any non-controlling interests in the acquiree. For each business combination, the Company elects whether to measure the non-controlling interests in the acquiree at fair value, if any, or at the proportionate share of the acquiree’s identifiable net assets. Acquisition-related costs are expensed as incurred and included in administrative expenses. The Company determines that it has acquired a business when the acquired set of activities and assets include an input and a substantive process that together significantly contribute to the ability to create outputs. The acquired process is considered substantive if it is critical to the ability to continue producing outputs, and the inputs acquired include an organized workforce with the necessary skills, knowledge, or experience to perform that process or it significantly contributes to the ability to continue producing outputs and is considered unique or scarce or cannot be replaced without significant cost, effort, or delay in the ability to continue producing outputs. When the Company acquires a business, it assesses the financial assets and liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances, and pertinent conditions as at the acquisition date. Any contingent consideration to be transferred by the acquirer will be recognized at fair value at the acquisition date. Contingent consideration classified as equity is

Significant accounting judgment

Significant accounting judgments, estimates and assumptions	12 Months Ended
	Dec. 31, 2022
Significant Accounting Judgments Estimates And Assumptions
Significant accounting judgments, estimates and assumptions	5. Significant accounting judgments, estimates and assumptions Use of estimates and judgments The preparation of financial statements requires judgments, estimates, and assumptions from management that affect the application of accounting policies, and reported amounts of assets, liabilities, revenues, and expenses. Actual results may differ from these estimates, and estimates and assumptions are reviewed on a periodic basis. Revisions to the estimates are recognized prospectively. a) Credit losses on financial instruments The Group recognizes a loss allowance for expected credit losses on credit cards and loans receivables that represents management’s best estimate of allowance as of each reporting date. Management performs an analysis of the credit card and loan amounts to determine if credit losses have occurred and to assess the adequacy of the allowance based on historical and current trends as well as other factors affecting credit losses. Key areas of judgment The critical judgments made by management in applying the expected credit losses (ECL) allowance methodology are: a) Definition of default; b) Forward-looking information used for the projection of macroeconomic scenarios; c) Probability weights of future scenarios; d) Definition of significant increase in credit risk and lifetime; and e) Look-back period, used for parameters estimation (probability of default - PD, exposure at default - EAD and loss given default - LGD). Sensitivity analysis On December 31, 2022, the probability weighted ECL allowance totaled US$ 1,350,891 1,050,668 300,223 Schedule of forecast Weighted Upside Base case Downside Credit card and lending ECL 1,350,891 1,262,010 1,332,708 1,458,974 b) Recovery estimate - lending portfolio On June 30, 2022, as a result of the growth in the lending portfolio and its historical data, the Company reviewed the reasonable expectation of recovery for those receivables and concluded that partial write-off of the lending portfolio in arrears for 120 days was more appropriate compared to the previous estimate of 360 days, which took into account our experience with credit card receivables. Therefore, to prevent the build-up of the gross loans, Nu applied an immediate partial write-off for loans for the amounts for which there is no reasonable expectation of recovery, as allowed under the International Financial Reporting Standards, with a portion of the loan being written off immediately. Following the partial write-off, the remaining balance is recognized in gross loans until the point at which there is no reasonable expectation of recovery. There is no effect in the statement of profit or loss due to the change in estimate, and the effect in the gross exposure and loss allowance balances for loans to customers are shown in item d) Credit loss allowance - changes of the note 14. c) Share-based payments The Group measures the costs of transactions with employees eligible to share-based remuneration based on the fair value of the ordinary share on the grant date. Following the IPO, the fair value is determined based on the publicly traded share price. Prior to the IPO, estimating the fair value of share-based payment transactions required determining the most appropriate valuation model to the ordinary share, options and other awards issued linked to the ordinary shares, which depended on the terms and conditions of each grant. The valuation of the ordinary shares considered one or a combination of a discounted cash flow model ("CFM") and a reverse option pricing model ("OPM") and was based substantially on the previous preferred share price transactions. The estimate of the share-based payment cost also requires determining other significant inputs to the models to value the SOPs, RSUs and Awards, including the expected term, volatility and dividend yield for the Black-Scholes model applied to the SOPs, achievement of the market conditions to the Awards, and discount rates. Key areas of judgment Before the IPO date, the fair values of the SOPs, RSUs and Awards took into account, among other things, contract terms and observable market data, which included a number of factors and judgments from management, as disclosed in note 10. In exercising this judgment, a variety of tools were used including proxy observable data, historical data, and extrapolation techniques. Extrapolation techniques consider behavioral characteristics of equity markets that had been observed over time, and for which there was a strong case to support an expectation of a continuing trend in the future. Estimates were calibrated to observable market prices when they become available. The Group believes its valuation methods are appropriate and consistent with other market participants. Nevertheless, the use of different valuation methods or assumptions, including imprecision in estimating unobservable market inputs, to determine the fair value of the SOPs, RSUs and Awards could result in different estimates of fair value . d) Goodwill impairment analysis For the purposes of impairment testing, the investment activities were the cash-generating unit ("CGU") in which Nu Invest’s, Olivia's and Spin Pay's goodwill was allocated. Impairment tests were performed on October 31, 2022; and no adjustment to the recoverable amount for the goodwill was recorded on the financial statements because the recoverable amounts of this CGU were determined to be higher than its carrying amount. The recoverable amounts for the CGU have been calculated based on their value in use, determined by discounting the future cash flows expected to be generated from the continuing use of the CGUs’ assets and their ultimate disposal. Key areas of judgment The values assigned to the key assumptions represent management’s assessment of future trends in the relevant sector and have been based on historical data from both external and internal sources. The discount rate used was the cost of equity for business in Brazil where the activities from the acquired entities are concentrated. Cash flow projections for five years for Olivia and Spin and for ten years for the Investment CGU (includes Nu Invest, Nu Corretora de Seguros and Nu Asset) were included in the discounted cash flow model. A long-term growth rate was used to extrapolate the cash flows beyond these periods. The growth rate into perpetuity has been determined as the currently expected long term inflation rate for Brazil. Revenue growth was projected considering the average growth levels experienced over the past five years and the estimated growth for the next five years. Budgeted profit before taxes, depreciation and amortization was based on expectations of future outcomes considering past experience, adjusted for the anticipated revenue growth. These key assumptions may change as economic and market conditions change. The estimated recoverable amount of all CGUs exceeded their carrying amount on October 31, 2022. The carrying amount and main assumptions used in determining the recoverable amounts are: Schedule of carrying amount and assumptions CGU Carrying amount Goodwill at December 31, 2022 Discount rate (%) Growth rate (%) Investment (i) 423,473 381,125 14.5 3.4 (i) Includes Nu Invest, Nu Corretora de Seguros and Nu Asset. e) Provision for lawsuits and administrative proceedings The Group and its subsidiaries are parties to lawsuits and administrative proceedings. Provisions are recognized for all cases representing reasonably estimated probable losses. The assessment of the likelihood of loss considers available evidence, the hierarchy of laws, former court decisions, and their legal significance, as well as the legal counsel’s opinion. The provision mainly represents management’s best estimate of the Group’s future liability in respect of civil and labor complaints. Significant judgment by management is required in determining appropriate assumptions, which include the level of complaints expected to be received, of those, the number that will be upheld, and redressed (reflecting legal and regulatory responsibilities, including the determination of liability and the effect of the time bar). The complexity of such matters often requires the input of specialist professional advice in making assessments to produce estimates. The amount that is recognized as a provision can also be susceptible to the assumptions made in calculating it. This gives rise to a broad range of potential outcomes that require judgment in determining an appropriate provision level. The Group believes its valuation methods of contingent liabilities are appropriate and consistent through the periods. Management believes that, due to the current quantity of claims and the total amount involved, if different assumptions were used no material impact on the provision would occur. f) Fair value of financial instruments The fair value of financial instruments, that can include derivatives that are not traded in active markets and convertible embedded derivatives, is calculated by the Group by using valuation techniques based on assumptions that consider market information and conditions. The degree of management judgment involved in determining the fair value of a financial instrument is dependent upon the availability of quoted prices in active markets or observable market parameters. When quoted prices and observable data in active markets are not fully available, management judgment is necessary to estimate fair value. Changes in market conditions, such as reduced liquidity in the capital markets or changes in secondary market activities, may reduce the availability and reliability of quoted prices or observable data used to determine fair value. Management’s significant judgment may be required to determine whether certain financial instruments measured at fair value are classified as Level 2 or Level 3. For this determination, the Group considers all available information that market participants use to measure the fair value of the financial instrument, including observable market data, indications of market liquidity and orderliness, and the understanding of the valuation techniques and significant inputs used. Based upon the specific facts and circumstances of each instrument or instrument category, judgments are made regarding the significance of the Level 3 inputs to the instruments’ fair value measurement in its entirety. If Level 3 inputs are considered significant, the instrument is classified as Level 3. The process for determining fair value using unobservable inputs is generally more subjective and involves a high degree of management judgment and assumptions. More information about the significant unobservable inputs and other information are disclosed in note 26.

Income and related expenses

Income and related expenses	12 Months Ended
	Dec. 31, 2022
Income And Related Expenses
Income and related expenses	6. Income and related expenses a) Interest income and gains (losses) on financial instruments Interest income and gains (losses) on financial instruments 2022 2021 2020 Interest income – credit card 1,014,875 357,831 217,356 Interest income - lending 932,196 292,701 38,926 Interest income – other assets at amortized cost 388,736 66,202 37,833 Interest income – other receivables 161,004 17,236 149 Interest income and gains (losses) on financial instruments at fair value 1,058,402 312,776 88,658 Financial assets at fair value 1,087,619 309,196 84,819 Other (29,217) 3,580 3,839 Total interest income and gains (losses) on financial instruments 3,555,213 1,046,746 382,922 The interest income presented above from credit card, lending, other assets at amortized cost and other receivables represents interest revenue calculated using the effective interest method. Financial assets at fair value comprises interest and the fair value changes on financial assets at fair value. b) Fee and commission income Fee and commission income 2022 2021 2020 Interchange fees 917,373 471,505 254,327 Recharge fees 77,469 48,378 15,287 Rewards revenue 22,438 26,857 23,524 Late fees 104,499 49,951 31,237 Other fee and commission income 115,239 65,766 29,836 Customer Program ("NuSócios") (note 1b) - (11,180) - Total fee and commission income 1,237,018 651,277 354,211 Fee and commission income are presented by fee types that reflect the nature of the services offered by the Group. Recharge fees comprise the selling price of telecom prepaid credits to customers, net of acquisition costs. On September 26, 2022, the Brazilian Central Bank (“BACEN”) issued Resolution No 246 ("Resolution 246"), which established that the maximum limit for the interchange fee levied on all prepaid card transactions in Brazil will be 0.70 c) Interest and other financial expenses Interest and other financial expenses 2022 2021 2020 Interest expense on deposits 1,407,898 317,420 87,325 Other interest and similar expenses 140,005 49,924 26,599 Interest and other financial expenses 1,547,903 367,344 113,924 d) Transactional expenses Transactional expenses 2022 2021 2020 Bank slip costs 33,963 36,149 46,480 Rewards expenses 42,422 36,885 29,624 Credit and debit card network costs 54,987 22,705 24,986 Other transactional expenses 45,055 21,380 25,725 Total transactional expenses 176,427 117,119 126,815 Transactional expenses comprise all the costs that are directly attributable to the payment network cycle. Payment network cycle costs include amounts related to data processing, payment scheme license fees, losses from chargeback relating to the credit and debit card transactions, costs relating to rewards program to fulfill the use of the points by customers, and other costs related to the connection to the payment. Credit and debit card network costs are related to the payment programs license, which is a variable fee paid to Mastercard and other card programs to enable communications between network participants, access to specific reports, expenses related to projects involving the development of new functions, operational fixed fees, fees related to chargeback restatements and royalties.

Credit loss allowance expenses

Credit loss allowance expenses	12 Months Ended
	Dec. 31, 2022
Credit Loss Allowance Expenses
Credit loss allowance expenses	7. Credit loss allowance expenses Schedule of credit loss allowance expenses 2022 2021 2020 Net increase of loss allowance (note 13) 939,079 311,601 160,770 Recovery (31,491) (22,494) (18,202) Credit card receivables 907,588 289,107 142,568 Net increase of loss allowance (note 14) 501,843 192,078 27,020 Recovery (4,520) (542) (103) Loans to customers 497,323 191,536 26,917 Total 1,404,911 480,643 169,485

Operating expenses

Operating expenses	12 Months Ended
	Dec. 31, 2022
Operating Expenses
Operating expenses	8. Operating expenses Schedule of operating expenses 2022 Customer support and operations General and administrative expenses Marketing expenses Other income (expenses) Total Infrastructure and data processing costs 132,163 144,341 - - 276,504 Credit analysis and collection costs 54,239 39,773 - - 94,012 Customer services 74,438 9,559 - - 83,997 Salaries and associated benefits 48,661 275,117 15,430 - 339,208 Credit and debit card issuance costs 13,174 43,689 - - 56,863 Share-based compensation (note 10a) - 286,450 - - 286,450 Specialized services expenses - 39,842 - - 39,842 Other personnel costs 8,553 41,494 1,425 - 51,472 Depreciation and amortization 3,965 31,616 - - 35,581 Marketing expenses - - 136,142 - 136,142 Others (i) 170 65,813 - 150,264 216,247 Subtotal 335,363 977,694 152,997 150,264 1,616,318 Share-based compensation - contingent share award termination (note 10b) (ii) - 355,573 - - 355,573 Total 335,363 1,333,267 152,997 150,264 1,971,891 2021 Customer support and operations General and administrative expenses Marketing expenses Other income (expenses) Total Infrastructure and data processing costs 70,928 63,833 - - 134,761 Credit analysis and collection costs 34,026 25,843 - - 59,869 Customer services 48,122 6,923 - - 55,045 Salaries and associated benefits 19,898 185,715 7,522 - 213,135 Credit and debit card issuance costs 13,711 25,445 - - 39,156 Share-based compensation (note 10a) - 225,445 - - 225,445 Specialized services expenses - 29,200 - - 29,200 Other personnel costs 2,253 18,452 277 - 20,982 Depreciation and amortization 1,217 16,122 - - 17,339 Marketing expenses - - 71,775 - 71,775 Others (i) 354 31,923 - 4,097 36,374 Total 190,509 628,901 79,574 4,097 903,081 2020 Customer support and operations General and administrative expenses Marketing expenses Other income (expenses) Total Infrastructure and data processing costs 45,725 29,111 - - 74,836 Credit analysis and collection costs 21,737 12,352 - - 34,089 Customer services 34,075 5,488 - - 39,563 Salaries and associated benefits 13,862 95,060 2,807 - 111,729 Credit and debit card issuance costs 6,074 11,822 - - 17,896 Share-based compensation (note 10a) - 56,273 - - 56,273 Specialized services expenses - 17,429 - - 17,429 Other personnel costs 1,827 10,121 140 - 12,088 Depreciation and amortization 79 7,351 - - 7,430 Marketing expenses - - 16,479 - 16,479 Others (i) 571 21,017 - 9,535 31,123 Total 123,950 266,024 19,426 9,535 418,935 (i) "Others" mainly includes federal taxes on financial income, taxes related to transfer pricing and exchange rate variation. (ii) The termination of the 2021 Contingent Share Award resulted in a one-time, non-cash recognition of expenses in the total amount of US$ 355,573 Infrastructure and data processing costs include technology, non-capitalized software costs, and other related costs, primarily related to the cloud infrastructure used by the Group and other software used in the service of the customers. These costs associated exclusively with customer’s transactions are presented as “Customer support and operations” and the remaining costs as “General and Administrative expenses”. The software costs related to developing new modules are recognized as intangible assets. Credit analysis and collection costs include fees paid to the credit bureaus and costs related to collection agencies. The credit analysis costs associated with the initial credit analysis of an applicant is presented as “General and administrative expenses” and the remaining is presented as “Customer support and operations". Customer services primarily include costs with customer services provided by service providers. These costs exclusively related to acquisition of new clients are presented as “General and administrative expenses” and all others are presented as “Customer support and operations”. Salaries and associated benefit expenses for customer services employees not associated with the acquisition of new clients is presented as “Customer support and operations” and salaries and associated benefit expenses for marketing employees is presented as “Marketing expenses”. All activities from other employees and the activities related to acquisition of new clients performed by customer service employees is presented as “General and administrative expenses”. Credit and debit card issuance costs include printing, packing, shipping costs and other costs. Costs related to the first issued card to a customer are initially recorded as a “Deferred expenses” asset included in “Other assets” and then amortized. The amortization related to the first card of the customer is presented as “General and administrative expenses” and the remaining costs, including the ones related to subsequent cards, are presented as “Customer support and operations”.

Loss per share

Loss per share	12 Months Ended
	Dec. 31, 2022
Loss Per Share
Loss per share	9. Loss per share Schedule of earnings per share 2022 2021 2020 Loss attributable to shareholders of the parent company (364,578) (164,993) (171,491) Weighted average outstanding shares - ordinary shares - basic (thousands) 4,676,941 1,602,126 1,315,578 Adjustment for the basic earnings per shares: Deferred M&A shares that will be issued based on the passage of time only 36 - - Total weighted average of ordinary outstanding shares for basic and diluted EPS (in thousands of shares) 4,676,977 1,602,126 1,315,578 Loss per share – basic and diluted (US$) (0.0780) (0.1030) (0.1304) Antidilutive instruments not considered in the weighted number of shares (in thousands of shares) 184,362 334,436 405,394 The Company has instruments that will become common shares upon exercise, acquisition, conversion (SOPs, RSUs, and Awards described in note 10), or satisfaction of specific business combinations conditions (described in note 1). These instruments were not included in the weighted number of shares for diluted earnings per share because they would be antidilutive. The anti-dilutive instruments not considered in the weighted number of shares, for the periods presenting negative results, correspond to the total number of shares that could be converted into ordinary shares. The number of shares for all periods presented was adjusted to reflect the 6 to 1 share split approved on August 30, 2021 (note 28).

Share-based payments

Share-based payments	12 Months Ended
	Dec. 31, 2022
Share-based Payments
Share-based payments	10. Share-based payments a) The Group’s employee incentives include share settled awards in the form of stock, offering them the opportunity to purchase ordinary shares by exercising options (Stock Options – “SOPs”), receiving ordinary shares (Restricted Stock Units – “RSUs”) upon vesting, and receiving shares upon the achievement of market conditions and passage of time ("Awards"). The cost of the employee services received with respect to the SOPs and RSUs granted is recognized in the statement of profit or loss over the period that the employee provides services and according to the vesting conditions. The Group has also issued Awards in 2020 and 2021 that grant shares upon the achievement of market conditions related to the valuation of the Company, and also the passage of time for the Awards issued in 2021. RSUs incentive was implemented in 2020 and is the main incentive since then. At the end of 2016, the subsidiary Nu Pagamentos transferred its SOP plan to its indirect parent company, Nu Holdings, which became the issuer of the SOPs to all its subsidiaries under the program. The strike price of the options was determined in R$ until the transfer of the plan to Nu Holdings and thereafter in US$, accompanying the functional currency of the issuer. The plan was initially approved by the Board of Directors of Nu Pagamentos in July 2013. On January 30, 2020, Nu Holdings approved its Omnibus Incentive Plan which included the issuance of RSUs. SOPs and RSUs are issued as part of the performance cycle and as a signing bonus. Over time, SOPs and RSUs have been issued with different vesting periods. Once vested, the options can be exercised up to 10 years after the grant date. The overall cost of the grants is calculated using the number of SOPs and RSUs expected to vest and their fair values at the date of the grant. The number of SOPs and RSUs expected to vest considers the likelihood that service conditions included in the terms of the awards will be met and it is based on historical forfeiture. Failure to meet the vesting condition is treated as a forfeiture, resulting in a true-up for the costs and no further recognition of the expense. The fair value of SOPs granted is determined based on a Black-Scholes option-pricing model. The Black-Scholes option-pricing model considers the exercise price of the option, the share price at the grant date, the expected term, the risk-free interest rate, the expected volatility of the share, and other relevant factors. The expected term of the SOPs is calculated based on the mid-point between the weighted-average time to vesting and the contractual maturity because the Group does not have significant historical post-vesting activity. The expected terms for SOPs with vesting periods of 4 and 5 years are 6.25 and 6.50 years, respectively. The terms and conditions of the RSUs plans require the Group to withhold shares from the settlement to its employees to settle the employee’s tax obligation. Accordingly, the Group settles the transaction on a net basis by withholding the number of shares with a fair value equal to the monetary value of the employee’s tax obligation and issues the remaining shares to the employee on the vesting date. The employee’s tax obligation associated with the RSUs is calculated substantially based on the expected employee's personal tax rate and the fair value of the shares on the vesting date. In addition, for the countries where the Group is required to pay taxes and social security taxes, the Group recognizes expenses related to corporate and social security taxes on the applicable awards, calculated mainly by applying the taxes rates to the fair value of the ordinary shares at the reporting dates, and presents them as "Share-based compensation" within "General and administrative expenses" in the consolidated statements of profit or loss. The fair value of the Awards was determined using a Monte Carlo simulation model. The Monte Carlo model considers the expected time until the market condition is satisfied, the share price at the grant date, the risk-free interest rate, the expected volatility of the share, and other relevant factors. The vesting period reflects the estimate of the length to when the Company reaches the valuation determined by the market condition and will not be subsequently revised. The expenses will be recorded during the vesting period irrespective of whether that market condition is satisfied. The expected life of the SOPs was calculated as described above and is not necessarily indicative of exercise patterns that may occur. The expected volatility was calculated, up to 2018, based on hypothetical peer-leveraged volatility based on available data reflecting small-cap Brazilian companies through the iShares MSCI Brazil Small-Cap ETF ("EWZS”) due to available peers having short trading histories, and after 2019, on a leverage-adjusted peer-based volatility. The volatility reflects the assumption that the historical volatility over a period similar to the life of the stock options or to the Award over the expected time until the market condition is satisfied is indicative of future trends, which may not necessarily be the actual outcome. Before the IPO date, the share price used as an input to the Black-Scholes and Monte Carlo models and for the RSUs was calculated using one or a combination of a discounted cash flow model ("CFM") and an option pricing model ("OPM") based substantially on the previous preferred share price transactions. The dividend was determined to be zero because the Company does not expect to pay it in the foreseeable future, and the holders of SOPs, RSUs and Awards do not have rights to dividends. The Company applied a discount for the lack of marketability, calculated based on a Finnerty Model, to the results of the models to reflect the lack of publicly or active market for selling the shares. After the IPO date, the fair value of RSUs granted is determined based on the publicly traded price. There were no changes to the terms and conditions of the SOPs and RSUs after the grant date. The changes in the number of SOPs and RSUs are as follows. WAEP is the weighted average exercise price and WAGDFV is the weighted average fair value at the grant date. The changes in the number of SOPs and RSUs are as follows. WAEP is the weighted average exercise price and WAGDFV is the weighted average fair value at the grant date SOPs 2022 WAEP (US$) 2021 WAEP (US$) 2020 WAEP (US$) Outstanding on January 1 143,889,439 0.55 42,515,821 1.58 51,034,938 0.91 Granted during the year - - 1,141,362 23.75 3,376,767 9.92 Exercised during the year (37,095,966) 0.12 (18,822,551) 0.38 (6,804,750) 0.24 Forfeited during the year (5,517,146) (853,059) (5,091,134) Balances before 6-for-1 forward share split 101,276,327 0.72 23,981,573 3.01 42,515,821 1.58 Issuance of options due to 6-for-1 forward split - 119,907,866 - Outstanding on December 31 101,276,327 0.72 143,889,439 0.55 42,515,821 1.58 Exercisable on December 31 81,813,095 0.55 101,416,310 0.33 30,190,826 0.56 RSUs 2022 WAGDFV (US$) 2021 WAGDFV (US$) 2020 WAGDFV (US$) Outstanding on January 1 80,924,937 4.82 5,294,454 10.47 - Granted during the year 32,294,522 5.47 13,103,243 36.65 6,048,335 10.45 Vested during the year (27,322,614) 3.64 (3,092,289) 15.06 (430,680) 10.46 Forfeited during the year (13,494,950) (1,817,919) (323,201) Balances before 6-for-1 forward share split 72,401,895 5.46 13,487,489 28.91 5,294,454 10.47 Issuance of RSUs due to 6-for-1 forward split - 67,437,448 Outstanding on December 31 72,401,895 5.46 80,924,937 4.82 5,294,454 10.47 Schedule of share-based compensation granted, excluding the effects of the contingent share award termination 2022 2021 2020 SOP and RSU expenses and related corporate and social security taxes expenses 126,167 151,115 42,981 RSUs and SOPs grant - business combination 43,116 45,597 4,946 Awards expenses and related taxes, prior to the cancelation 113,172 28,733 8,346 Fair value adjustment - hedge of corporate and social security taxes (note 18) 3,995 - - Total share-based compensation expenses (note 8) 286,450 225,445 56,273 Share-based payments granted, net of shares withheld for employee taxes 201,991 139,025 40,861 2022 2021 2020 Liability provision for taxes presented as salaries, allowances and social security contributions 32,554 61,772 10,334 In 2022, there were no SOPs granted. The following table presents additional information relating to the SOP characteristics and the valuation model: The following table presents additional information relating to the SOP characteristics and the valuation model 2022 2021 2020 Weighted average fair value of options granted during the year (US$) - 2.58 7.45 Weighted average share fair value of options granted during the year (US$) - 3.97 10.53 Exercise price of options granted during the year (US$) - 3.98 6.70 10.4 Expected volatility in valuation of options granted during the year (%) - 72.5 75.0 69.5 77.9 Risk–free interest rate p.y. in valuation of options granted during the year (%) - 0.5 1.3 1.7 Weighted average share price at the date of exercise of options during the year (US$) 7.72 6.38 10.6 Weighted average remaining contractual life of options outstanding at year-end (years) 4.8 5.7 6.0 Range of exercise prices of options outstanding at year end (US$) Zero to US$ 0.10 45.07 51.96 68.60 US$ 0.11 to US$ 0.50 28.20 28.58 22.20 US$ 0.51 to US$ 15.00 26.73 19.46 9.20 Greater than US$ 15.01 - - - Total cash to be received upon exercise of SOPs outstanding at year end Vested 44,849 33,437 16,761 Unvested 28,169 46,146 50,375 (*) After the 6-for-1 forward share split. The following table presents additional information relating to the RSUs and Awards characteristics and the valuation model: The following table presents additional information relating to the RSUs and Awards characteristics and the valuation model 2022 2021 Most relevant vesting periods for the grants outstanding 3 years 53.52 49.70 5 years 39.95 44.50 Volatility (%) - 68.0 75.0 Discount for the lack of marketability (%) - 17.0 19.0 Risk free interest rate (%) - 0.06 0.11 Awards vesting period Up to 3.2 years Up to 7.4 years b) On November 29, 2022, Mr. David Vélez, the Company's Chief Executive Office, decided to terminate the 2021 Contingent Share Award. As a result of the termination, the Company recorded expenses of US$ 355,573 The 2021 Contingent Share Award was granted on November 22, 2021 and its main terms were: (i) issuance of a number of class A ordinary shares equal to 1 18.69 35.30 1 35.30 Schedule of contingent share award 2022 Contingent share award termination 355,573 The Company will continue to record the expenses related to the 2020 Contingent Share Award which underlying shares were issued in July 2021. As of December 31, 2022, there was US$ 30,043

Cash and cash equivalents

Cash and cash equivalents	12 Months Ended
	Dec. 31, 2022
Cash and cash equivalents [abstract]
Cash and cash equivalents	11. Cash and cash equivalents Schedule of cash and cash equivalents 2022 2021 Reverse repurchase agreement in foreign currency 59,519 1,115,805 Short-term investments 153,743 1,412,901 Voluntary deposits at central banks 2,451,150 - Bank balances 1,506,727 174,142 Other cash and cash equivalents 1,177 2,827 Total 4,172,316 2,705,675 Cash and cash equivalents are held to meet short-term cash needs and include deposits with banks and other short-term highly liquid investments with original maturities of three-months or less and with an immaterial risk of change in value. The reverse repurchase agreements and short-term investments are mainly in Brazilian Reais, and the average rate of remuneration as of December 31, 2022 and 2021, is 99% and 98.7% of the Brazilian CDI rate, which is set daily and represents the average rate at which Brazilian banks were willing to borrow/lend to each other for one day. Voluntary deposits at central banks are deposits made by the subsidiary Nu Financeira at the Brazilian Central Bank and are considered as cash and cash equivalents as they mature in one business day.

Securities

Securities	12 Months Ended
	Dec. 31, 2022
Securities Abstract
Securities	12. Securities a) Financial instruments at fair value through profit and loss ("FVTPL") Financial instruments at FVTPL 2022 2021 Breakdown by maturity Financial instruments at FVTPL Maturity Cost Fair Value No maturity Up to 12 months Over 12 months Fair Value Government bonds (i) Brazil 03/27 159 163 - 163 - 571,753 Total government bonds 159 163 - 163 - 571,753 Corporate bonds and other instruments Bill of credit (LC) 10/22 - 02/25 138 138 - 138 - 14 Certificate of bank deposits (CDB) 10/22 - 02/25 3,765 3,712 - 2,990 722 81,810 Real estate and agribusiness letter of credit 10/22 - 07/26 1,196 1,197 - 668 529 1,508 Corporate bonds and debentures 01/23 - 05/44 46,896 46,680 - - 46,680 120,859 Equity instrument (ii) 12,483 22,082 22,082 - - 30,735 Investment funds - - - - - 9,125 Stocks issued by public-held company - - - - - 158 Time deposit 905 905 905 - - - Real estate and agribusiness certificate of receivables 01/23 - 08/37 17,352 16,976 - 21 16,955 - Total corporate bonds and other instruments 82,735 91,690 22,987 3,817 64,886 244,209 Total financial instruments at FVTPL 82,894 91,853 22,987 3,980 64,886 815,962 2022 2021 Amounts in Amounts in Financial instruments at FVTPL Original Currency US$ Original Currency US$ Currency: Brazilian Reais 334,783 63,401 3,718,139 666,835 U.S. Dollars 6,370 6,370 118,392 118,392 Others 1,826,954 22,082 2,364,231 30,735 Total 91,853 815,962 (i) Government bonds are mainly composed of Financial Treasury Bills ("LFTs") and National Treasury Bills ("LTNs"), which had an average return of 101.69 106.3 (ii) Refers to an investment in Jupiter, a neobank for consumers in India, and an investment in Din Global ("dBank"), a Pakistani fintech company. As of December 31, 2022, the total fair value of these investments corresponded to US$22,082 (US$30,735 on December 31, 2021), classified as level 3 in the fair value hierarchy, as described in note 26. b) Financial instruments at fair value to other comprehensive income ("FVTOCI") Financial instruments at FVTOCI 2022 2021 Maturities Financial instruments at FVTOCI Maturity Cost Fair Value No maturity Up to 12 months Over 12 months Fair Value Government bonds (i) Brazil 03/23 - 09/28 8,214,332 8,222,115 - 2,593,462 5,628,653 6,074,435 United States of America 12/22 - 08/25 175,182 171,184 - - 171,184 830,124 Colombia 02/24 - - - - - 504 Mexico 01/26 1,509 1,382 - - 1,382 - Total government bonds 8,391,023 8,394,681 - 2,593,462 5,801,219 6,905,063 Corporate bonds and other instruments Corporate bonds and debentures 01/23 - 10/70 810,744 788,948 - 105,581 683,367 924 Investment funds 03/24 302,779 302,779 35,527 - 267,252 137,759 Time deposit 01/23 - 06/23 446,540 445,531 - 445,531 - 1,119,682 Real estate and agribusiness certificate of receivables 15,198 15,199 - - 15,199 - Total corporate bonds and other instruments 1,575,261 1,552,457 35,527 551,112 965,818 1,258,365 Total financial instruments at FVTOCI 9,966,284 9,947,138 35,527 3,144,574 6,767,037 8,163,428 2022 2021 Amounts in Amounts in Financial instruments at FVTOCI Original Currency US$ Original Currency US$ Currency: Brazilian Reais 45,527,868 8,622,049 34,643,103 6,213,118 U.S. Dollars 1,323,707 1,323,707 1,949,806 1,949,806 Others 26,949 1,382 10,347 504 Total 9,947,138 8,163,428 (i) Includes US$2,252,464 (US$2,082,519 on December 31, 2021) held by the subsidiaries for regulatory purposes, as required by the Brazilian Central Bank. It also includes Brazilian government securities margins pledged by the Group for transactions on the Brazilian stock exchange in the amount of US$160,485 (US$116,254 on December 31, 2021). Government bonds are classified as Level 1 in the fair value hierarchy, as described in note 26.

Credit card receivables

Credit card receivables	12 Months Ended
	Dec. 31, 2022
Credit Card Receivables
Credit card receivables	60 days 2,823,966 30.5 1,579,010 30.6 Total not overdue installments 8,464,436 91.3 4,885,023 94.6 Installments overdue by: <= 30 days 237,531 2.6 77,527 1.5 30 < 60 days 91,604 1.0 34,476 0.7 60 < 90 days 74,917 0.8 26,747 0.5 > 90 days 397,737 4.3 138,380 2.7 Total overdue installments 801,789 8.7 277,130 5.4 Total 9,266,225 100.0 5,162,153 100.0 Overdue installments consist mainly of revolving balances, and not overdue installments consist mainly of current receivables and future bill installments ( parcelado c) Credit loss allowance - by stages As of December 31, 2022, the credit card ECL allowance totaled US$1,050,668 (US$390,679 as of December 31, 2021). The provision is provided by a model estimation, consistently applied, which is sensitive to the methods, assumptions, and risk parameters underlying its calculation. The amount that the credit loss allowance represents in comparison to the Group’s gross receivables coverage ratio is also monitored, to anticipate trends that could indicate credit risk increases. This metric is considered a key risk indicator and it is monitored across multiple committees, supporting the decision-making process and is discussed in the credit forums. All receivables are classified through stages, as described in note 4(a). The majority of the Group's credit card portfolio was classified as stage 1, followed by stages 2 and 3, respectively as of December 31, 2022 and December 31, 2021. The proportion of stage 3 exposures increased to 6.5 3.8 Schedule of majority of the Group's credit card portfolio being classified as stage 1, followed by stages 2 and 3, respectively 2022 Gross Exposures % Credit Loss Allowance % Coverage Ratio (%) Stage 1 7,750,270 83.6 322,970 30.7 4.2 Stage 2 917,178 9.9 254,181 24.2 27.7 Absolute Trigger (Days Late) 215,209 23.5 140,167 55.1 65.1 Relative Trigger (PD deterioration) 701,969 76.5 114,014 44.9 16.2 Stage 3 598,777 6.5 473,517 45.1 79.1 Total 9,266,225 100.0 1,050,668 100.0 11.3 2021 Gross Exposures % Credit Loss Allowance % Coverage Ratio (%) Stage 1 4,525,689 87.7 127,358 32.6 2.8 Stage 2 440,105 8.5 126,392 32.4 28.7 Absolute Trigger (Days Late) 131,409 29.9 61,844 48.9 47.1 Relative Trigger (PD deterioration) 308,696 70.1 64,548 51.1 20.9 Stage 3 196,359 3.8 136,929 35.0 69.7 Total 5,162,153 100.0 390,679 100.0 7.6 d) Credit loss allowance - by credit quality vs. stages Schedule of Credit loss allowance by credit quality 2022 Gross Exposures % Credit Loss Allowance % Coverage Ratio (%) Strong (PD < 5%) 6,097,909 65.8 113,780 10.8 1.9 Stage 1 6,081,551 99.7 113,525 99.8 1.9 Stage 2 16,358 0.3 255 0.2 1.6 Satisfactory (5% <= PD <= 20%) 1,477,414 15.9 118,825 11.2 8.0 Stage 1 1,227,610 83.1 100,190 84.3 8.2 Stage 2 249,804 16.9 18,635 15.7 7.5 Higher Risk (PD > 20%) 1,690,902 18.3 818,063 78.0 48.4 Stage 1 441,109 26.1 109,255 13.4 24.8 Stage 2 651,016 38.5 235,291 28.8 36.1 Stage 3 598,777 35.4 473,517 57.9 79.1 Total 9,266,225 100.0 1,050,668 100.0 11.3 2021 Gross Exposures % Credit Loss Allowance % Coverage Ratio (%) Strong (PD < 5%) 3,755,666 72.8 40,480 10.4 1.1 Stage 1 3,754,626 100.0 40,435 99.9 1.1 Stage 2 1,040 0.0 45 0.1 4.3 Satisfactory (5% <= PD <= 20%) 804,608 15.6 71,149 18.2 8.8 Stage 1 675,507 84.0 57,102 80.3 8.5 Stage 2 129,101 16.0 14,047 19.7 10.9 Higher Risk (PD > 20%) 601,879 11.6 279,050 71.4 46.4 Stage 1 95,556 15.9 29,821 10.7 31.2 Stage 2 309,964 51.5 112,300 40.2 36.2 Stage 3 196,359 32.6 136,929 49.1 69.7 Total 5,162,153 100.0 390,679 100.0 7.6 The credit quality classification is grouped in three categories based on its probability of default (PD) at the reporting date, as shown in the table below: Schedule of credit quality classification gross Stage 1 and 2 Stage3 Default grade Probability of default Credit quality description Probability of default Credit quality description 1 <1% Strong 2 1.0% to 5.0% Strong 3 5.0% to 20.0% Satisfactory 4 20.0% to 35.0% Higher Risk 5 >35% Higher Risk 100 Higher Risk When compared to December 31, 2021, a change in the credit quality distribution is observed, with relative exposure moving to higher PD stages. This movement is explained by the changes to models and aforementioned risk normalization. There is still a significant concentration of receivables at stage 1 based on credit quality. Receivables with satisfactory risk are distributed between stages 1 and 2, mostly at stage 1. Defaulted assets at stage 3 are classified as higher risk. There is also a large proportion of stage 2 exposures classified as higher risk. e) Credit loss allowance - changes The following tables show the reconciliations from the opening to the closing balance of the credit loss allowance by stages of the financial instruments. Schedule of credit allowance changes 2022 Stage 1 Stage 2 Stage 3 Total Credit loss allowance at beginning of year 127,358 126,392 136,929 390,679 Transfers from Stage 1 to Stage 2 (19,469) 19,469 - - Transfers from Stage 2 to Stage 1 38,029 (38,029) - - Transfers to Stage 3 (22,691) (64,523) 87,214 - Transfers from Stage 3 6,148 1,659 (7,807) - Write-offs - - (290,974) (290,974) Net increase of loss allowance (note 7) 190,073 203,018 545,988 939,079 New originations (a) 144,394 22,320 11,167 177,881 Changes in exposure of preexisting accounts (b) 115,746 4,813 2,400 122,959 Net drawdowns, repayments, net remeasurement and movements due to risk changes (97,269) 210,317 519,615 632,663 Changes to models used in calculation (c) 27,202 (34,432) 12,806 5,576 Effect of changes in exchange rates (OCI) 3,522 6,195 2,167 11,884 Credit loss allowance at end of the year 322,970 254,181 473,517 1,050,668 2021 Stage 1 Stage 2 Stage 3 Total Credit loss allowance at beginning of year 79,296 60,391 77,855 217,542 Transfers from Stage 1 to Stage 2 (10,514) 10,514 - - Transfers from Stage 2 to Stage 1 17,840 (17,840) - - Transfers to Stage 3 (7,023) (13,176) 20,199 - Transfers from Stage 3 151 70 (221) - Write-offs - - (118,518) (118,518) Net increase of loss allowance (note 7) 54,096 92,658 164,847 311,601 New originations (a) 94,367 9,547 3,979 107,893 Changes in exposure of preexisting accounts (b) 120,420 2,585 363 123,368 Net drawdowns, repayments, net remeasurement and movements due to risk changes (161,906) 79,282 160,186 77,562 Changes to models used in calculation (c) 1,215 1,244 319 2,778 Effect of changes in exchange rates (OCI) (6,488) (6,225) (7,233) (19,946) Credit loss allowance at end of the year 127,358 126,392 136,929 390,679 2020 Stage 1 Stage 2 Stage 3 Total Credit loss allowance at beginning of year 68,437 75,531 79,929 223,897 Transfers from Stage 1 to Stage 2 (4,252) 4,252 - - Transfers from Stage 2 to Stage 1 27,974 (27,974) - - Transfers to Stage 3 (3,929) (11,252) 15,181 - Transfers from Stage 3 246 129 (375) - Write-offs - - (116,856) (116,856) Net increase of loss allowance (note 7) 6,154 36,643 117,973 160,770 New originations (a) 27,727 2,421 1,376 31,524 Changes in exposure of preexisting accounts (b) - - - - Net drawdowns, repayments, net remeasurement and movements due to risk changes (9,593) 33,474 104,248 128,129 Changes to models used in calculation (c) (11,980) 748 12,349 1,117 Effect of changes in exchange rates (OCI) (15,334) (16,938) (17,997) (50,269) Credit loss allowance at end of the year 79,296 60,391 77,855 217,542 (a) Considers all accounts originated from the beginning to the end of the period. ECL effects presented in the table were calculated as if risk parameters at the beginning of the period were applied. (b) Reflects the movements in exposure of accounts that already existed in the beginning of the period, as increase in credit limits. ECL effects were calculated as if risk parameters of the exposures at the beginning of the period were applied. (c) Relates to methodology changes that occurred during the period, according to the Group's processes of model monitoring. The following tables present changes in the gross carrying amount of the credit card portfolio to demonstrate the effects of the changes in the loss allowance for the same portfolio as discussed above. “Net change of gross carrying amount” includes acquisitions, payments, and interest accruals. Schedule of net change of gross carrying amount” includes acquisitions, payments, and interest accruals 2022 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year 4,525,689 440,105 196,359 5,162,153 Transfers from Stage 1 to Stage 2 (377,421) 377,421 - - Transfers from Stage 2 to Stage 1 178,742 (178,742) - - Transfers to Stage 3 (218,192) (168,974) 387,166 - Transfers from Stage 3 8,576 2,325 (10,901) - Write-offs - - (290,974) (290,974) Net change of gross carrying amount 3,450,551 427,186 313,606 4,191,343 Effect of changes in exchange rates (OCI) 182,325 17,857 3,521 203,703 Gross carrying amount at end of the year 7,750,270 917,178 598,777 9,266,225 2021 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year 2,799,999 202,673 116,200 3,118,872 Transfers from Stage 1 to Stage 2 (168,654) 168,654 - - Transfers from Stage 2 to Stage 1 73,448 (73,448) - - Transfers to Stage 3 (72,328) (41,112) 113,440 - Transfers from Stage 3 156 68 (224) - Write-offs - - (120,071) (120,071) Net change of gross carrying amount 2,145,118 205,148 97,356 2,447,622 Effect of changes in exchange rates (OCI) (252,050) (21,878) (10,342) (284,270) Gross carrying amount at end of the year 4,525,689 440,105 196,359 5,162,153 2020 Stage 1 Stage 2 Stage 3 Total Credit loss allowance at beginning of year 2,484,556 389,734 136,131 3,010,421 Transfers from Stage 1 to Stage 2 (79,734) 79,734 - - Transfers from Stage 2 to Stage 1 162,232 (162,232) - - Transfers to Stage 3 (43,582) (49,951) 93,533 - Transfers from Stage 3 435 226 (661) - Write-offs - - (116,856) (116,856) Net change of gross carrying amount 839,461 31,990 34,640 906,091 Effect of changes in exchange rates (OCI) (563,369) (86,828) (30,587) (680,784) Credit loss allowance at end of the year 2,799,999 202,673 116,200 3,118,872 f) Credit loss allowance - COVID-19 impacts As the COVID-19 pandemic started to spread in the year 2020, lockdowns and mobility restrictions were expected to severely harm the economy, pushing financial institutions and individuals to be more conservative about taking risks. In addition, the Brazilian government response included "Emergency Aid", all of which together caused a change in the portfolio credit behavior, reducing delinquency and other risk indicators. As vaccinations advanced and restrictions fell, mainly after the last quarter of 2021, the economy started to regain traction, laying ground for a resumption in risk-related activities. In 2022, as the effects of the pandemic dimmed, the risk profile of the portfolio changed, reverting into what is considered to be a risk normalization trend until pre-pandemic levels. Delinquencies followed this path to normalization during the first half of 2022. " id="sjs-B4" xml:space="preserve">13. Credit card receivables a) Composition of receivables Composition of receivables 2022 2021 Receivables - current (i) 4,236,235 2,341,492 Receivables - installments (i) 4,259,979 2,483,647 Receivables - revolving (ii) 770,011 337,014 Total receivables 9,266,225 5,162,153 Fair value adjustment - portfolio hedge (note 18) (51) - Total 9,266,174 5,162,153 Credit card ECL allowance Presented as deduction of receivables (1,033,102) (381,633) Presented as "Other liabilities" (17,566) (9,046) Total credit card ECL allowance (1,050,668) (390,679) Receivables, net 8,215,506 4,771,474 Total receivables presented as assets 8,233,072 4,780,520 (i) "Receivables - current" is related to purchases made by customers due on the next credit card billing date, and pix financing in one installment. "Receivables - installments" is related to purchases in installments which are financed by the merchant. Cardholder's purchase is paid in up to 12, 24 and 36 in Brazil, Mexico and Colombia, respectively, in monthly installments on purchases in installments. Cardholder's credit limit is reduced whenever there is a transaction by the customer. The Group makes the corresponding payments to the credit card network (see note 21) following a similar schedule. As receipts and payments are aligned, the Group does not incur significant financing costs with this product, however it is exposed to the credit risk of the cardholder as it is obliged to make the payments to the credit card network even if the cardholder does not pay. "Receivables - installments" also includes the amounts of credit card bills not fully paid by the customers and that have been converted into payments in installments with a fixed interest rate ( fatura parcelada (ii) "Receivables - revolving" is related to the amounts due from customers that have not paid in full their credit card bill. Customers may request to convert these receivables into loans to be paid in installments. In accordance with Brazilian regulation, revolving balances that are outstanding for more than 2 months are mandatorily converted into fatura parcelada . b) Breakdown by maturity Breakdown by maturity 2022 2021 Amount % Amount % Installments not overdue due in: <= 30 days 4,036,414 43.6 2,401,149 46.5 30 < 60 days 1,604,056 17.3 904,864 17.5 > 60 days 2,823,966 30.5 1,579,010 30.6 Total not overdue installments 8,464,436 91.3 4,885,023 94.6 Installments overdue by: <= 30 days 237,531 2.6 77,527 1.5 30 < 60 days 91,604 1.0 34,476 0.7 60 < 90 days 74,917 0.8 26,747 0.5 > 90 days 397,737 4.3 138,380 2.7 Total overdue installments 801,789 8.7 277,130 5.4 Total 9,266,225 100.0 5,162,153 100.0 Overdue installments consist mainly of revolving balances, and not overdue installments consist mainly of current receivables and future bill installments ( parcelado c) Credit loss allowance - by stages As of December 31, 2022, the credit card ECL allowance totaled US$1,050,668 (US$390,679 as of December 31, 2021). The provision is provided by a model estimation, consistently applied, which is sensitive to the methods, assumptions, and risk parameters underlying its calculation. The amount that the credit loss allowance represents in comparison to the Group’s gross receivables coverage ratio is also monitored, to anticipate trends that could indicate credit risk increases. This metric is considered a key risk indicator and it is monitored across multiple committees, supporting the decision-making process and is discussed in the credit forums. All receivables are classified through stages, as described in note 4(a). The majority of the Group's credit card portfolio was classified as stage 1, followed by stages 2 and 3, respectively as of December 31, 2022 and December 31, 2021. The proportion of stage 3 exposures increased to 6.5 3.8 Schedule of majority of the Group's credit card portfolio being classified as stage 1, followed by stages 2 and 3, respectively 2022 Gross Exposures % Credit Loss Allowance % Coverage Ratio (%) Stage 1 7,750,270 83.6 322,970 30.7 4.2 Stage 2 917,178 9.9 254,181 24.2 27.7 Absolute Trigger (Days Late) 215,209 23.5 140,167 55.1 65.1 Relative Trigger (PD deterioration) 701,969 76.5 114,014 44.9 16.2 Stage 3 598,777 6.5 473,517 45.1 79.1 Total 9,266,225 100.0 1,050,668 100.0 11.3 2021 Gross Exposures % Credit Loss Allowance % Coverage Ratio (%) Stage 1 4,525,689 87.7 127,358 32.6 2.8 Stage 2 440,105 8.5 126,392 32.4 28.7 Absolute Trigger (Days Late) 131,409 29.9 61,844 48.9 47.1 Relative Trigger (PD deterioration) 308,696 70.1 64,548 51.1 20.9 Stage 3 196,359 3.8 136,929 35.0 69.7 Total 5,162,153 100.0 390,679 100.0 7.6 d) Credit loss allowance - by credit quality vs. stages Schedule of Credit loss allowance by credit quality 2022 Gross Exposures % Credit Loss Allowance % Coverage Ratio (%) Strong (PD < 5%) 6,097,909 65.8 113,780 10.8 1.9 Stage 1 6,081,551 99.7 113,525 99.8 1.9 Stage 2 16,358 0.3 255 0.2 1.6 Satisfactory (5% <= PD <= 20%) 1,477,414 15.9 118,825 11.2 8.0 Stage 1 1,227,610 83.1 100,190 84.3 8.2 Stage 2 249,804 16.9 18,635 15.7 7.5 Higher Risk (PD > 20%) 1,690,902 18.3 818,063 78.0 48.4 Stage 1 441,109 26.1 109,255 13.4 24.8 Stage 2 651,016 38.5 235,291 28.8 36.1 Stage 3 598,777 35.4 473,517 57.9 79.1 Total 9,266,225 100.0 1,050,668 100.0 11.3 2021 Gross Exposures % Credit Loss Allowance % Coverage Ratio (%) Strong (PD < 5%) 3,755,666 72.8 40,480 10.4 1.1 Stage 1 3,754,626 100.0 40,435 99.9 1.1 Stage 2 1,040 0.0 45 0.1 4.3 Satisfactory (5% <= PD <= 20%) 804,608 15.6 71,149 18.2 8.8 Stage 1 675,507 84.0 57,102 80.3 8.5 Stage 2 129,101 16.0 14,047 19.7 10.9 Higher Risk (PD > 20%) 601,879 11.6 279,050 71.4 46.4 Stage 1 95,556 15.9 29,821 10.7 31.2 Stage 2 309,964 51.5 112,300 40.2 36.2 Stage 3 196,359 32.6 136,929 49.1 69.7 Total 5,162,153 100.0 390,679 100.0 7.6 The credit quality classification is grouped in three categories based on its probability of default (PD) at the reporting date, as shown in the table below: Schedule of credit quality classification gross Stage 1 and 2 Stage3 Default grade Probability of default Credit quality description Probability of default Credit quality description 1 <1% Strong 2 1.0% to 5.0% Strong 3 5.0% to 20.0% Satisfactory 4 20.0% to 35.0% Higher Risk 5 >35% Higher Risk 100 Higher Risk When compared to December 31, 2021, a change in the credit quality distribution is observed, with relative exposure moving to higher PD stages. This movement is explained by the changes to models and aforementioned risk normalization. There is still a significant concentration of receivables at stage 1 based on credit quality. Receivables with satisfactory risk are distributed between stages 1 and 2, mostly at stage 1. Defaulted assets at stage 3 are classified as higher risk. There is also a large proportion of stage 2 exposures classified as higher risk. e) Credit loss allowance - changes The following tables show the reconciliations from the opening to the closing balance of the credit loss allowance by stages of the financial instruments. Schedule of credit allowance changes 2022 Stage 1 Stage 2 Stage 3 Total Credit loss allowance at beginning of year 127,358 126,392 136,929 390,679 Transfers from Stage 1 to Stage 2 (19,469) 19,469 - - Transfers from Stage 2 to Stage 1 38,029 (38,029) - - Transfers to Stage 3 (22,691) (64,523) 87,214 - Transfers from Stage 3 6,148 1,659 (7,807) - Write-offs - - (290,974) (290,974) Net increase of loss allowance (note 7) 190,073 203,018 545,988 939,079 New originations (a) 144,394 22,320 11,167 177,881 Changes in exposure of preexisting accounts (b) 115,746 4,813 2,400 122,959 Net drawdowns, repayments, net remeasurement and movements due to risk changes (97,269) 210,317 519,615 632,663 Changes to models used in calculation (c) 27,202 (34,432) 12,806 5,576 Effect of changes in exchange rates (OCI) 3,522 6,195 2,167 11,884 Credit loss allowance at end of the year 322,970 254,181 473,517 1,050,668 2021 Stage 1 Stage 2 Stage 3 Total Credit loss allowance at beginning of year 79,296 60,391 77,855 217,542 Transfers from Stage 1 to Stage 2 (10,514) 10,514 - - Transfers from Stage 2 to Stage 1 17,840 (17,840) - - Transfers to Stage 3 (7,023) (13,176) 20,199 - Transfers from Stage 3 151 70 (221) - Write-offs - - (118,518) (118,518) Net increase of loss allowance (note 7) 54,096 92,658 164,847 311,601 New originations (a) 94,367 9,547 3,979 107,893 Changes in exposure of preexisting accounts (b) 120,420 2,585 363 123,368 Net drawdowns, repayments, net remeasurement and movements due to risk changes (161,906) 79,282 160,186 77,562 Changes to models used in calculation (c) 1,215 1,244 319 2,778 Effect of changes in exchange rates (OCI) (6,488) (6,225) (7,233) (19,946) Credit loss allowance at end of the year 127,358 126,392 136,929 390,679 2020 Stage 1 Stage 2 Stage 3 Total Credit loss allowance at beginning of year 68,437 75,531 79,929 223,897 Transfers from Stage 1 to Stage 2 (4,252) 4,252 - - Transfers from Stage 2 to Stage 1 27,974 (27,974) - - Transfers to Stage 3 (3,929) (11,252) 15,181 - Transfers from Stage 3 246 129 (375) - Write-offs - - (116,856) (116,856) Net increase of loss allowance (note 7) 6,154 36,643 117,973 160,770 New originations (a) 27,727 2,421 1,376 31,524 Changes in exposure of preexisting accounts (b) - - - - Net drawdowns, repayments, net remeasurement and movements due to risk changes (9,593) 33,474 104,248 128,129 Changes to models used in calculation (c) (11,980) 748 12,349 1,117 Effect of changes in exchange rates (OCI) (15,334) (16,938) (17,997) (50,269) Credit loss allowance at end of the year 79,296 60,391 77,855 217,542 (a) Considers all accounts originated from the beginning to the end of the period. ECL effects presented in the table were calculated as if risk parameters at the beginning of the period were applied. (b) Reflects the movements in exposure of accounts that already existed in the beginning of the period, as increase in credit limits. ECL effects were calculated as if risk parameters of the exposures at the beginning of the period were applied. (c) Relates to methodology changes that occurred during the period, according to the Group's processes of model monitoring. The following tables present changes in the gross carrying amount of the credit card portfolio to demonstrate the effects of the changes in the loss allowance for the same portfolio as discussed above. “Net change of gross carrying amount” includes acquisitions, payments, and interest accruals. Schedule of net change of gross carrying amount” includes acquisitions, payments, and interest accruals 2022 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year 4,525,689 440,105 196,359 5,162,153 Transfers from Stage 1 to Stage 2 (377,421) 377,421 - - Transfers from Stage 2 to Stage 1 178,742 (178,742) - - Transfers to Stage 3 (218,192) (168,974) 387,166 - Transfers from Stage 3 8,576 2,325 (10,901) - Write-offs - - (290,974) (290,974) Net change of gross carrying amount 3,450,551 427,186 313,606 4,191,343 Effect of changes in exchange rates (OCI) 182,325 17,857 3,521 203,703 Gross carrying amount at end of the year 7,750,270 917,178 598,777 9,266,225 2021 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year 2,799,999 202,673 116,200 3,118,872 Transfers from Stage 1 to Stage 2 (168,654) 168,654 - - Transfers from Stage 2 to Stage 1 73,448 (73,448) - - Transfers to Stage 3 (72,328) (41,112) 113,440 - Transfers from Stage 3 156 68 (224) - Write-offs - - (120,071) (120,071) Net change of gross carrying amount 2,145,118 205,148 97,356 2,447,622 Effect of changes in exchange rates (OCI) (252,050) (21,878) (10,342) (284,270) Gross carrying amount at end of the year 4,525,689 440,105 196,359 5,162,153 2020 Stage 1 Stage 2 Stage 3 Total Credit loss allowance at beginning of year 2,484,556 389,734 136,131 3,010,421 Transfers from Stage 1 to Stage 2 (79,734) 79,734 - - Transfers from Stage 2 to Stage 1 162,232 (162,232) - - Transfers to Stage 3 (43,582) (49,951) 93,533 - Transfers from Stage 3 435 226 (661) - Write-offs - - (116,856) (116,856) Net change of gross carrying amount 839,461 31,990 34,640 906,091 Effect of changes in exchange rates (OCI) (563,369) (86,828) (30,587) (680,784) Credit loss allowance at end of the year 2,799,999 202,673 116,200 3,118,872 f) Credit loss allowance - COVID-19 impacts As the COVID-19 pandemic started to spread in the year 2020, lockdowns and mobility restrictions were expected to severely harm the economy, pushing financial institutions and individuals to be more conservative about taking risks. In addition, the Brazilian government response included "Emergency Aid", all of which together caused a change in the portfolio credit behavior, reducing delinquency and other risk indicators. As vaccinations advanced and restrictions fell, mainly after the last quarter of 2021, the economy started to regain traction, laying ground for a resumption in risk-related activities. In 2022, as the effects of the pandemic dimmed, the risk profile of the portfolio changed, reverting into what is considered to be a risk normalization trend until pre-pandemic levels. Delinquencies followed this path to normalization during the first half of 2022.

Loans to customers

Loans to customers	12 Months Ended
	Dec. 31, 2022
Loans To Customers
Loans to customers	14. Loans to customers Breakdown of receivables 2022 2021 Lending to individuals 1,976,499 1,392,350 Loan ECL allowance (300,223) (197,536) Total receivables 1,676,276 1,194,814 Fair value adjustment - portfolio hedge (note 18) (2,836) - Total 1,673,440 1,194,814 On June 30, 2022, as a result of the growth in the lending portfolio and its historical data, the Company reviewed the reasonable expectation of recovery for those receivables and concluded that partial write-off of the lending portfolio in arrears for 120 days was more appropriate compared to the previous estimate of 360 days, which took into account our experience with credit card receivables, as described in the note 5. a) Breakdown by maturity The following table shows loans to customers by maturity on December 31, 2022, and 2021, considering each installment individually. Breakdown by maturity 2022 2021 Amount % Amount % Installments not overdue due in: Less than 1 year 1,697,288 85.9 1,155,760 83.5 Between 1 and 5 years 198,533 10.0 189,051 13.1 Total not overdue installments 1,895,821 95.9 1,344,811 96.6 Installments overdue by: <= 30 days 30,509 1.5 13,423 1.0 30 < 60 days 18,191 1.0 8,948 0.6 60 < 90 days 13,315 0.7 5,757 0.4 > 90 days 18,663 0.9 19,411 1.4 Total overdue installments 80,678 4.1 47,539 3.4 Total 1,976,499 100.0 1,392,350 100.0 b) Credit loss allowance - by stages The tables below show the credit loss allowance by stages as of December 30, 2022, and 2021. Schedule of credit loss allowance by stages 2022 Gross Exposures % Credit Loss Allowance % Coverage Ratio Stage 1 1,521,040 77 76,454 25.5 5.0 Stage 2 351,166 17.8 148,233 49.3 42.2 Absolute Trigger (Days Late) 87,841 25.0 75,612 51.0 86.1 Relative Trigger (PD deterioration) 263,325 75.0 72,621 49.0 27.6 Stage 3 (i) 104,293 5.2 75,536 25.2 72.4 Total 1,976,499 100.0 300,223 100.0 15.2 (i) The table above presents the loans to customers considering the change in estimate of recovery and the partial write-off of receivables in arrears for more than 120 days. 2021 Gross Exposures % Credit Loss Allowance % Coverage Ratio Stage 1 1,129,522 81.1 68,926 34.9 6.1 Stage 2 200,040 14.4 72,935 36.9 36.5 Absolute Trigger (Days Late) 39,510 19.8 31,615 43.3 80.0 Relative Trigger (PD deterioration) 160,530 80.2 41,320 56.7 25.7 Stage 3 62,788 4.5 55,675 28.2 88.7 Total 1,392,350 100.0 197,536 100.0 14.2 c) Credit loss allowance - by credit quality vs stages Credit loss allowance - by credit quality vs stages 2022 Gross Exposures % Credit Loss Allowance % Coverage Ratio Strong (PD < 5%) 832,448 42.1 9,344 3.1 1.1 Stage 1 819,605 98.5 9,093 97.3 1.1 Stage 2 12,843 1.5 251 2.7 2.0 Satisfactory (5% <= PD <= 20%) 642,099 32.5 40,852 13.6 6.4 Stage 1 583,925 90.9 36,228 88.7 6.2 Stage 2 58,174 9.1 4,624 11.3 7.9 Higher Risk (PD > 20%) 501,952 25.4 250,027 83.3 49.8 Stage 1 117,510 23.4 31,133 10.4 26.5 Stage 2 280,149 55.8 143,358 47.8 51.2 Stage 3 104,293 20.8 75,536 25.2 72.4 Total 1,976,499 100.0 300,223 100.0 15.2 2021 Gross Exposures % Credit Loss Allowance % Coverage Ratio Strong (PD < 5%) 424,161 30.5 4,196 2.1 1.0 Stage 1 409,899 96.6 4,002 95.4 1.0 Stage 2 14,262 3.4 194 4.6 1.4 Satisfactory (5% <= PD <= 20%) 700,164 50.3 47,779 24.2 6.8 Stage 1 656,647 93.8 44,797 93.8 6.8 Stage 2 43,517 6.2 2,982 6.2 6.9 Higher Risk (PD > 20%) 268,025 19.2 145,561 73.7 54.3 Stage 1 62,976 23.5 20,127 13.8 32.0 Stage 2 142,261 53.1 69,759 47.9 49.0 Stage 3 62,788 23.4 55,675 38.3 88.7 Total 1,392,350 100.0 197,536 100.0 14.2 Most of the credit quality of this portfolio is classified as satisfactory, followed by strong and higher risk loans. Receivables with satisfactory and strong risk have a high distribution of stage 1. In 2022, the gross carrying amount increased by 41.9% in comparison to December 31, 2021. Credit quality classification is grouped in three categories based on the probability of default (PD) at the reporting date, as shown in the table below: Schedule of Credit Quality Classification Stage 1 and 2 Stage3 Default grade Probability of default Credit quality description Probability of default Credit quality description 1 <1% Strong 2 1.0% to 5.0% Strong 3 5.0% to 20.0% Satisfactory 4 20.0% to 35.0% Higher Risk 5 >35% Higher Risk 100 Higher Risk d) Credit loss allowance - changes The following tables show reconciliations from the opening to the closing balance of the provision for credit losses by the stages of the financial instruments. Schedule of credit allowance 2022 Stage 1 Stage 2 Stage 3 Total Credit loss allowance at beginning of year 68,926 72,935 55,675 197,536 Transfers from Stage 1 to Stage 2 (6,642) 6,642 - - Transfers from Stage 2 to Stage 1 5,946 (5,946) - - Transfers to Stage 3 (18,294) (60,238) 78,532 - Transfers from Stage 3 647 619 (1,266) - Write-offs - - (408,605) (408,605) Net increase of loss allowance (note 7) 21,986 131,510 348,347 501,843 New originations (a) 217,837 45,537 9,176 272,550 Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes (212,730) 82,776 337,509 207,555 Changes to models used in calculation (b) 16,879 3,197 1,662 21,738 Effect of changes in exchange rates (OCI) 3,885 2,711 2,853 9,449 Credit loss allowance at end of the year 76,454 148,233 75,536 300,223 The table above presents the loss allowance considering the change in estimate of recovery and the partial write-off of receivables in arrears for more than 120 days. Due to the change in estimate implemented on June 30, 2022, there was an additional write-off of US$139,436 recognized on that date. The total impact of the change in estimate, through December 31, 2022, was to increase write-offs by US$ 278,560. 2021 Stage 1 Stage 2 Stage 3 Total Credit loss allowance at beginning of year 10,532 7,136 8,542 26,210 Transfers from Stage 1 to Stage 2 (780) 780 - - Transfers from Stage 2 to Stage 1 685 (685) - - Transfers to Stage 3 (1,212) (904) 2,116 - Transfers from Stage 3 16 142 (158) - Write-offs - - (13,223) (13,223) Net increase of loss allowance (note 7) 62,363 69,152 60,563 192,078 New originations (a) 159,299 28,281 6,237 193,817 Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes (93,269) 35,759 54,297 (3,213) Changes to models used in calculation (b) (3,667) 5,112 29 1,474 Effect of changes in exchange rates (OCI) (2,678) (2,686) (2,165) (7,529) Credit loss allowance at end of the year 68,926 72,935 55,675 197,536 2020 Stage 1 Stage 2 Stage 3 Total Credit loss allowance at beginning of year 1,300 2,072 1,618 4,990 Transfers from Stage 1 to Stage 2 (54) 54 - - Transfers from Stage 2 to Stage 1 346 (346) - - Transfers to Stage 3 (164) (176) 340 - Transfers from Stage 3 - 6 (6) - Write-offs - - (4,525) (4,525) Net increase of loss allowance (note 7) 9,462 6,030 11,528 27,020 New originations (a) 19,354 2,600 716 22,670 Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes (11,118) 3,038 10,609 2,529 Changes to models used in calculation (b) 1,226 392 203 1,821 Effect of changes in exchange rates (OCI) (358) (504) (413) (1,275) Credit loss allowance at end of the year 10,532 7,136 8,542 26,210 (a) Considers all accounts originated from the beginning to the end of the period. ECL effects presented in the table were calculated as if risk parameters at the beginning of the period were applied. (b) Relates to methodology changes that occurred during the period, according to the Group's processes of model monitoring. The following tables present changes in the gross carrying amount of the lending portfolio to demonstrate the effects of the changes in the loss allowance for the same portfolio as discussed above. “Net change of gross carrying amount” includes acquisitions, payments, and interest accruals. Schedule of Net increase of gross carrying amount includes the principal issuances net of payments or interest recognized net of payment 2022 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year 1,129,522 200,040 62,788 1,392,350 Transfers from Stage 1 to Stage 2 (63,015) 63,015 - - Transfers from Stage 2 to Stage 1 31,475 (31,475) - - Transfers to Stage 3 (149,355) (112,901) 262,256 - Transfers from Stage 3 735 701 (1,436) - Write-offs - - (408,605) (408,605) Net increase of gross carrying amount 515,802 223,713 186,632 926,147 Effect of changes in exchange rates (OCI) 55,876 8,073 2,658 66,607 Gross carrying amount at end of the year 1,521,040 351,166 104,293 1,976,499 The table above presents the gross exposure considering the change in estimate of recovery and the partial write-off of receivables in arrears for more than 120 days. Due to the estimate change implemented on June 30, 2022, there was an additional write-off of stage 3 gross amounts of US$139,436 recognized on that date. The total impact of the change in estimate, through December 31, 2022, was to increase write-offs by US$ 278,560. 2021 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year 168,744 22,634 9,526 200,904 Transfers from Stage 1 to Stage 2 (8,535) 8,535 - - Transfers from Stage 2 to Stage 1 3,279 (3,279) - - Transfers to Stage 3 (11,069) (3,324) 14,393 - Transfers from Stage 3 18 160 (178) - Write-offs - - (14,676) (14,676) Net increase of gross carrying amount 1,020,838 182,800 56,160 1,259,798 Effect of changes in exchange rates (OCI) (43,753) (7,486) (2,437) (53,676) Gross carrying amount at end of the year 1,129,522 200,040 62,788 1,392,350 2020 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year 44,513 16,335 2,166 63,014 Transfers from Stage 1 to Stage 2 (1,951) 1,951 - - Transfers from Stage 2 to Stage 1 2,621 (2,621) - - Transfers to Stage 3 (2,997) (1,314) 4,311 - Transfers from Stage 3 - 8 (8) - Write-offs - - (4,525) (4,525) Net increase of gross carrying amount 137,483 12,013 8,123 157,619 Effect of changes in exchange rates (OCI) (10,925) (3,738) (541) (15,204) Gross carrying amount at end of the year 168,744 22,634 9,526 200,904

Compulsory and other deposits a

Compulsory and other deposits at central banks	12 Months Ended
	Dec. 31, 2022
Compulsory And Other Deposits At Central Banks
Compulsory and other deposits at central banks	15. Compulsory and other deposits at central banks Schedule of compulsory and other deposits at central banks 2022 2021 Compulsory deposits 2,026,516 819,794 Reserve at BACEN 751,503 118,865 Total 2,778,019 938,659 Compulsory deposits are required by BACEN based on the amount of RDB held by Nu Financeira. Reserve at BACEN relates to the Instant Payments Account, which is required by BACEN to support instant payment operations.

Other Receivables

Other Receivables	12 Months Ended
	Dec. 31, 2022
Other Receivables
Other Receivables	16. Other Receivables Schedule of other receivables 2022 2021 Other receivables 521,670 50,349 Total 521,670 50,349 Other receivables in the amount of US$521,670 (US$50,349 as of December 31, 2021), presented net of expected losses of US$1,064 (US$104 as of December 31, 2021), are related to the acquisition of credit card receivables held by other participants of the credit card network.

Other assets

Other assets	12 Months Ended
	Dec. 31, 2022
Other Assets
Other assets	17. Other assets Schedule of Other Assets 2022 2021 Deferred expenses (i) 157,439 76,183 Taxes recoverable 245,967 71,865 Advances to suppliers and employees 22,662 23,958 Prepaid expenses 61,744 15,958 Judicial deposits (note 23) 18,864 17,480 Other assets 35,227 27,471 Total 541,903 232,915 (i) Refers to credit card issuance costs, including printing, packing, and shipping costs, among others. The expenses are amortized based on the card's useful life, adjusted for any cancellations.

Derivative financial instrument

Derivative financial instruments	12 Months Ended
	Dec. 31, 2022
Derivative Financial Instruments
Derivative financial instruments	18. Derivative financial instruments The Group executes transactions with derivative financial instruments, which are intended to meet its own needs to reduce its exposure to market, currency and interest-rate risks. The derivatives are classified as at fair value through profit or loss, except those in cash flow hedge accounting strategies, for which the effective portion of gains or losses on derivatives is recognized directly in other comprehensive income (loss). The management of these risks is conducted through determining limits, and the establishment of operating strategies. The derivative contracts are considered level 1, 2 or 3 in the fair value hierarchy and are used to hedge exposures, but hedge accounting is adopted only for forecasted transactions related to the cloud infrastructure and certain software licenses used by Nu (hedge of foreign currency risk), to hedge interest of the fixed rate credit portfolio (hedge of interest rate risk of portfolio) and to hedge the future cash disbursement related to highly probable future transactions and accrued liabilities for corporate and social security taxes at RSU vesting or SOP exercise, as shown below. Schedule of derivative contracts are considered level 1, 2 or 3 in the fair value hierarchy and are used to hedge exposures 2022 Fair values Notional amount Assets Liabilities Derivatives classified as fair value through profit or loss Interest rate contracts - Future 792,559 27 105 Exchange rate contracts - Future 111,634 917 51 Interest rate contracts - Swap 10,056 50 - Currency - Non-deliverable forward contract (NDF) 113,682 11,228 24 Warrants (i) 100,000 27,908 - Derivatives held for hedging Designated as cash flow hedge Exchange rate contracts - Future 129,459 1,209 182 Equity - Total Return Swap (TRS) 89,726 145 9,017 Designated as portfolio hedge DI - Future - notes 13 and 14 1,551,521 1 46 Total 2,898,637 41,485 9,425 2021 Fair values Notional amount Assets Liabilities Derivatives classified as fair value through profit or loss Interest rate contracts - Future 3,671,709 10 462 Currency exchange rate contracts - Future 116,075 - 3,899 Interest rate contracts - Swap 9,523 24 7 Forward contracts 83,155 81,528 82,775 Warrants (i) 65,000 19,756 - Derivatives held for hedging Designated as cash flow hedge Exchange rate contracts - Future 77,115 - 135 Total 4,022,577 101,318 87,278 Futures contracts are traded on the B3, having B3 as the counterparty. The total value of margins pledged by the Group in transactions on the stock exchange is presented in note 12. Swaps of interest risk contracts are settled on a daily basis and are traded over the counter with financial institutions as counterparties. Nu Holdings entered into non-deliverable forward contracts to hedge intercompany loans with Nu Colombia in US dollars with a settlement in February 2023. Swap TRS contracts are settled only at maturity and are traded over the counter with financial institutions as counterparties, see more details in item d. (i) Warrants In September 2021, Nu entered into an agreement with Creditas Financial Solutions Ltd. (and/or its affiliates in Latin America, or together, “Creditas”) through which Nu will distribute certain financial products offered by Creditas to its customers in Latin America. These include affordable retail collateralized loans, such as home and auto equity loans, auto financing, motorcycle financing and payroll loans. The agreement also provided that Nu would invest up to US$200,000 in Creditas’ securitization vehicles, becoming the holder of the senior quotas of the fund. Nu was granted warrants that provide the right to acquire an equity interest equivalent to up to 7.7% of Creditas, on a fully diluted basis, under a pre-agreed valuation, proportional to fifty percent of the amount invested in the securitization vehicles and products distributed. During 2022, the total amount agreed of US$200,000 was invested in the securitization vehicles, shown as part of the “investment funds” on note 12, and, consequently, US$100,000 was shown as notional in the table above. Nu can exercise the option at any time, but the expiration date is 2 years after the issuance date. As of December 31, 2022, the warrants' fair value was US$27,908 (US$19,756 as of December 31, 2021) calculated using a Black Scholes model, classified as level 3 on the fair value hierarchy, as shown in note 26. The Company recognized a gain of US$8,152 during 2022. Breakdown by maturity The table below shows the breakdown by maturity of the notional amounts: Schedule of breakdown by maturity of the notional amounts 2022 Up to 3 months 3 to 12 months Over 12 months Total Assets Interest rate contracts - Future 332,497 73,286 348 406,131 Exchange rate contracts - Future 241,093 - - 241,093 Interest rate contracts - Swap - - 10,056 10,056 Currency - Non-deliverable forward contract (NDF) 113,682 - - 113,682 Warrants - - 100,000 100,000 Total assets 687,272 73,286 110,404 870,962 Liabilities Equity - Total Return Swap (TRS) - 89,726 - 89,726 Interest rate contracts - Future 27,776 256,240 102,412 386,428 DI - Future - notes 13 and 14 590,015 858,278 103,228 1,551,521 Total liabilities 617,791 1,204,244 205,640 2,027,675 Total 1,305,063 1,277,530 316,044 2,898,637 2021 Up to 3 months 3 to 12 months Over 12 months Total Assets Interest rate contracts - Future 775,002 24,755 71 799,828 Exchange rate contracts - Future 116,074 - - 116,074 Forward contracts 83,155 - - 83,155 Warrants - - 65,000 65,000 Total assets 974,231 24,755 65,071 1,064,057 Liabilities Interest rate contracts - Future 1,668,284 864,989 338,609 2,871,882 Exchange rate contracts - Future 77,115 - - 77,115 Interest rate contracts - Swap - - 9,523 9,523 Total liabilities 1,745,399 864,989 348,132 2,958,520 Total 2,719,630 889,744 413,203 4,022,577 The table below shows the breakdown by maturity of the fair value amounts: Schedule of breakdown by maturity of the fair value amounts 2022 Up to 12 months Over 12 months Total Assets Equity - Total Return Swap (TRS) 145 - 145 Interest rate contracts - Swap - 50 50 Interest rate contracts - Future 27 - 27 Exchange rate contracts - Future 2,126 - 2,126 Currency - Non-deliverable forward contract (NDF) 11,228 - 11,228 Warrants - 27,908 27,908 Interest rate contracts - Future - portfolio hedge 1 - 1 Total assets 13,527 27,958 41,485 Liabilities Equity - Total Return Swap (TRS) 9,017 - 9,017 Interest rate contracts - Future 17 88 105 Exchange rate contracts - Future 233 - 233 Currency - Non-deliverable forward contract (NDF) 24 - 24 DI - Future - notes 13 and 14 46 - 46 Total liabilities 9,337 88 9,425 Total 22,864 28,046 50,910 2021 Up to 12 months Over 12 months Total Assets Interest rate contracts - Future 2 8 10 Exchange rate contracts - Future 24 - 24 Forward contracts 81,528 - 81,528 Warrants - 19,756 19,756 Total assets 81,554 19,764 101,318 Liabilities Interest rate contracts - Future 69 393 462 Exchange rate contracts - Future 4,034 - 4,034 Interest rate contracts - Swap - 7 7 Forward contracts 82,775 - 82,775 Total liabilities 86,878 400 87,278 Total 168,432 20,164 188,596 Analysis of derivatives designated as hedges a) Hedge of foreign currency risk The Group is exposed to foreign currency risk on forecast transaction expenses, primarily related to the cloud infrastructure and certain software licenses used by Nu. The Group managed its exposures to the variability in cash flows of foreign currency forecasted transactions to movements in foreign exchange rates by entering foreign exchange contracts (exchange futures). These instruments are entered into to match the cash flow profile of the estimated forecast transactions, and are exchange-traded and fair value movements are settled on a daily basis. The Group applies hedge accounting to the forecasted transactions related to its main cloud infrastructure contract and other expenses in foreign currency. The effectiveness is assessed monthly by analyzing the critical terms. The critical terms of the hedging instrument and the amount of the forecasted hedged transactions are significantly the same. Derivatives are generally rolled over monthly. They are expected to occur in the same fiscal month as the maturity date of the hedging instrument. Therefore, the hedge is expected to be effective. Subsequent assessments of effectiveness are performed by verifying and documenting whether the critical terms of the hedging instrument and forecasted hedged transaction have changed during the period in review and whether it remains probable. If there are no such changes in critical terms, the Group will continue to conclude that the hedging relationship is effective. Sources of ineffectiveness are differences in the amount and timing of forecast and actual payment of expenses. Schedule of forecast and actual payment of expenses 2022 2021 2020 Balance at beginning of the year 1,487 49 1 Fair value change recognized in OCI during the year (20,924) 2,705 8,302 Total amount reclassified from cash flow hedge reserve to statement of profit or loss during the year 14,012 (242) (8,223) to "Customer support and operation" 6,769 (91) (5,480) to "General and administrative expenses" 7,778 (136) (4,925) Effect of changes in exchange rates (OCI) (535) (15) 2,182 Deferred income taxes 2,815 (1,025) (31) Balance at end of the year (2,610) 1,487 49 The future transactions that are the object of the hedge are: Schedule of material future transactions 2022 2021 Up to 3 months 3 to 12 months Total Total Expected foreign currency transactions 64,840 64,619 129,459 78,401 Total 64,840 64,619 129,459 78,401 b) Hedge of portfolio's interest rate risk The Group holds portfolios of customers’ lending and refinancing of credit cards receivables at fixed interest rates, which creates market risk due to changes in the Brazilian interbank deposits’ (CDI) benchmark rate. Thus, to protect the fixed rate risk from CDI variation, the Group entered into future DI contracts to offset the market risk, and applied hedge accounting aiming to eliminate differences between the accounting measurement of its derivatives and hedged items which are adjusted to reflect changes in CDI. The Group’s overall hedging strategy is to reduce fair value changes of the part of the fixed rate portfolio as if they were floating rate instruments linked to the attributable benchmark rates. As such, in order to reflect the dynamic nature of the hedged portfolio, the strategy is to rebalance the future DI contracts and evaluate the allocated amount by the credit portfolio. Additionally, ineffectiveness could arise from the disparity between expected and actual prepayments (prepayment risk). In accordance with its hedging strategy, the Group calculates the DV01 (delta value of a basis point ) 80 125 The effectiveness test for the hedge is done in a prospective and retrospective way. In the prospective test, the Group compares the impact of a 1 basis point parallel shift on the interest rate curve (DV01) on the hedged object and on the hedge instrument market value. For the retrospective test, the market-to-market value change since the inception of the hedged object is compared to the hedge instrument. In both cases, the hedge is considered effective if the correlation is between 80% and 125%. For designated and qualifying fair value hedges, the cumulative change in the fair value of the hedging derivative and of the hedged item attributable to the hedged risk is recognized in the consolidated statement of profit or loss in "Interest income and gains (losses) on financial instruments - financial assets at fair value". In addition, the cumulative change in the fair value of the hedged item attributable to the hedged risk is recorded as part of the carrying value of the hedged item in the consolidated statement of financial position. Effectiveness ratio - changes in fair value Schedule of changes in fair value 2022 Derivative object hedge Fair value adjustment to the hedge object Derivative hedge instrument Asset Liability Fair value variation Effectiveness Interest rate risk Interest rate contracts - Future - portfolio hedge - credit card 72,337 (51) - 22 101.0 Interest rate contracts - Future - portfolio hedge - loan 1,189,716 (2,836) - 2,062 99.0 Total 1,262,053 (2,887) - 2,084 c) Hedge of corporate and social security taxes The Group's hedge strategy is to cover the future cash disbursement related to highly probable future transactions and accrued liabilities for corporate and social security taxes at RSU vesting or SOP exercise from the variation of the Company's share price volatility. The derivative financial instruments used to cover the exposure are total return swaps ("TRS") in which one leg is indexed to the Company's stock price and the other leg is indexed to Secured Overnight Financing Rate ("SOFR") plus spread. The stock fixed at the TRS is a weighted average price. The hedge was entered into by Nu Holdings and therefore there is no income tax effect. The Group applies the cash flow hedge for the hedge structure thus the market risk is replaced by an interest rate risk. The effectiveness assessment is performed monthly by (i) assessing the economic relationship between the hedged item and the hedging instrument; (ii) monitoring the credit risk impact in the hedge effectiveness; and (iii) maintaining and updating the hedging ratio. Given the possibility of forfeiture impacting the future cash forecast of the employee benefit plan, the Group manages exposures to keep the hedging level within an acceptable coverage. The derivative fair value is measured substantially based on the stock price which is also used in the measurement of the provision or payment for corporate and social security taxes. There is no expectation for a mismatch between the hedged item and hedging instrument at maturity other than the SOFR. Schedule of Hedge of corporate and social security taxes over share-based compensation 2022 Balance at beginning of the year - Fair value change recognized in OCI during the year (8,871) Total amount reclassified from cash flow hedge reserve to statement of profit or loss during the year 3,995 to "General and administrative expenses" (i) 3,995 Balance at end of the year (4,876) (i) Presented as share-based compensation on general and administrative expenses. Expected cash disbursement Schedule of expected cash disbursement 2022 Up to 1 year 1 to 3 years Above 3 years Total Expected cash disbursement for income tax payments 22,727 28,359 7,972 59,058 Total 22,727 28,359 7,972 59,058

Instruments eligible as capital

Instruments eligible as capital	12 Months Ended
	Dec. 31, 2022
Instruments Eligible As Capital
Instruments eligible as capital	19. Instruments eligible as capital Schedule of financial liability at fair value 2022 2021 Financial liabilities at fair value through profit or loss Instruments eligible as capital 11,507 12,056 Total 11,507 12,056 There were no In June 2019, the subsidiary Nu Financeira issued a subordinated financial note in the amount equivalent to US$ 18,824 12.8 The Group designated the instruments eligible as capital at fair value through profit (loss) at its initial recognition. The gains of fair value changes arising from its own credit risk in the amount of US$ 2,008 1,051 219 10,653 3,580 1,984 Schedule of fair value changes and interest 2022 2021 2020 Balance at beginning of the year 12,056 15,492 22,084 Interest accrued (882) 2,137 1,689 Fair value changes 8,192 (5,717) (3,673) Own credit transferred to OCI (2,008) 1,051 219 Effect of changes in exchange rates (OCI) (5,851) (907) (4,827) Balance at end of the year 11,507 12,056 15,492

Financial liabilities at amorti

Financial liabilities at amortized cost – deposits	12 Months Ended
	Dec. 31, 2022
Financial Liabilities At Amortized Cost Deposits
Financial liabilities at amortized cost – deposits	20. Financial liabilities at amortized cost – deposits Schedule of deposits 2022 2021 Deposits by customers (i) Bank receipt of deposits (RDB) 14,273,959 7,728,108 Deposits in electronic money 1,534,582 1,887,945 Bank receipt of deposits (RDB-V) - 31,557 Time deposit (ii) - 19,181 Other deposits - 509 Total 15,808,541 9,667,300 (i) In June 2019, Nu Financeira's RDB was launched as an investment option in NuConta. Unlike the deposits in electronic money, Nu may or may not invest the resources from RDB's deposits in government securities. They can be used as a financing source for the lending and credit card operations, instead. RDB's deposits have guarantees from the Brazilian Deposit Guarantee Fund ("FGC"). Deposits in electronic money through NuConta, and part of the RDBs, correspond to customer deposits on-demand with daily maturity made in the prepaid account, denominated in Brazilian reais. In September 2020, Nu Financeira launched a new investment option – a RDB with a defined future maturity date. In December 2022, RDBs had maturities of up to 24 104 107 Deposits in electronic money include NuConta, which is part of the prepaid account modality (Brazil and Mexico), as well as Conta NuInvest amounts, the latter corresponding to on-demand deposits of the Groups’ investment brokerage clients. In Brazil, those deposits are required by BACEN to be invested in Brazilian government bonds and the return is 100% of the CDI as of the thirty-first day, also considering the retroactive yield from the first thirty days on the unused deposit balances. In Mexico there is no requirement to invest the deposits in specific assets and the return is the Interbank Equilibrium Interest Rate "TIIE" - 2 (ii) In July 2020, the subsidiary Nu Financeira issued a time deposit instrument ("DPGE"), also with a special guarantee from FGC, in the amount of R$ 100,000 19,000 Breakdown by maturity Breakdown by maturity 2022 Up to 12 months Over 12 months Total Deposits by customers Deposits in electronic money 1,534,582 - 1,534,582 Bank receipt of deposits (RDB) 14,160,805 113,154 14,273,959 Total 15,695,387 113,154 15,808,541 2021 Up to 12 months Over 12 months Total Deposits by customers Deposits in electronic money 1,887,945 - 1,887,945 Bank receipt of deposits (RDB) 7,663,355 64,753 7,728,108 Bank receipt of deposits (RDB-V) 31,557 - 31,557 Time deposit 19,181 - 19,181 Other deposits 509 - 509 Total 9,602,547 64,753 9,667,300

Financial liabilities at amor_2

Financial liabilities at amortized cost – payables to network	12 Months Ended
	Dec. 31, 2022
Financial Liabilities At Amortized Cost Payables To Network
Financial liabilities at amortized cost – payables to network	21. Financial liabilities at amortized cost – payables to network Schedule of credit card payment 2022 2021 Payables to credit card network (i) 7,054,783 4,882,159 Total 7,054,783 4,882,159 (i) Corresponds to the amount payable to the acquirers related to credit and debit card transactions. Credit card payables are settled according to the transaction installments, substantially in up to 27 days for Brazilian transactions with no installments and 1 business day for international transactions. Sales in installments ( parcelado Schedule of payable to credit card network Payables to credit card network 2022 2021 Up to 30 days 3,829,398 2,518,437 30 to 90 days 1,741,186 1,205,765 More than 90 days 1,484,199 1,157,957 Total 7,054,783 4,882,159 Collateral for credit card operations As of December 31, 2022, the Group had US$ 305 1,052 0.31 0.20

Financial liabilities at amor_3

Financial liabilities at amortized cost – borrowing, financing and securitized borrowings	12 Months Ended
	Dec. 31, 2022
Financial Liabilities At Amortized Cost Borrowing Financing And Securitized Borrowings
Financial liabilities at amortized cost – borrowing, financing and securitized borrowings	22. Financial liabilities at amortized cost – borrowing, financing and securitized borrowings Financial liabilities at amortized cost 2022 2021 Borrowings and financing 585,568 147,243 Securitized borrowings - 10,011 Total 585,568 157,254 a) Borrowings and financings Borrowings and financings maturities are as follows: Borrowings and financings maturities are as follows 2022 Up to 3 months 3 to 12 months Over 12 months Total Borrowings and financings Term loan credit facility (ii) 3,100 32,632 82,462 118,194 Syndicated loan (iii) 103 2,494 464,777 467,374 Total borrowings and financings 3,203 35,126 547,239 585,568 2021 Up to 3 months 3 to 12 months Over 12 months Total Borrowings and financings Financial letter (i) 7,728 2,672 - 10,400 Term loan credit facility (ii) 3,064 10,113 123,666 136,843 Total borrowings and financings 10,792 12,785 123,666 147,243 (i) Corresponded to fixed and floating rate bills of exchange in the amount equivalent to US$12,941 on the issuance date, fully paid in April 2022. (ii) Corresponds to two term loan credit facilities obtained by subsidiary Nu Servicios and reassigned to Nu Financiera, in Mexican pesos, from: a) Bank of America México, S.A., Institución de Banca Múltiple (“BofA”) in the amount equivalent to US$30,000 on the issuance dates, with interest equivalent to 12.48% (Mexican Interbanking Equilibrium Interest Rate (“TIIE 182” + 1.40%) per annum as of December 31, 2022 (equivalent to 7.42% per annum as of December 31, 2021), and maturity date in July 2023. b) JPMorgan México ("JP Morgan") in the total amount equivalent to US$80,000 on the issuance dates, with interest from 12.08% to 12.53% (TIIE 182 + 1.45% and TIIE 182 + 1.0%, respectively) per annum as of December 31, 2022 (from 7.02% to 7.47% per annum as of December 31, 2021), and maturity dates in November 2024 and July 2024. (iii) Corresponds to a syndicated credit facility, in which Nu's subsidiaries in Colombia and Mexico are the borrowers and the Company is acting as guarantor. The amount of the credit facility is US$650,000, out of which US$ 625,000 allocated to Nu Mexico and US$ 25,000 to Nu Colombia, and as of December 31, 2022: a) Mexico used the total equivalent to US$ 435,000 11.98 b) Colombia used the total equivalent to US$ 25,000 6.18 Changes to borrowings and financings are as follows: Changes to borrowings and financings are as follows 2022 Bills of exchange Term loan credit facility Bank borrowings Syndicated loan Total Balance at beginning of the year 10,400 136,843 - - 147,243 Addition due to business combination - - 4,729 - 4,729 New borrowings - 121,142 - 460,000 581,142 Payments – principal (9,447) (146,078) (4,458) - (159,983) Payments – interest (1,889) (8,301) (568) (19,998) (30,756) Interest accrued 42 8,340 158 22,534 31,074 Effect of changes in exchange rates (OCI) 894 6,248 139 4,838 12,119 Balance at end of the year - 118,194 - 467,374 585,568 2021 Financial letter Bills of exchange Term loan credit facility Total Balance at beginning of the year 60,126 17,684 19,644 97,454 New borrowings - - 116,349 116,349 Payments – principal (54,151) (6,372) - (60,523) Payments – interest (4,548) (600) (1,908) (7,056) Interest accrued 776 683 4,766 6,225 Effect of changes in exchange rates (OCI) (2,203) (995) (2,008) (5,206) Balance at end of the year - 10,400 136,843 147,243 2020 Financial letter Bank credit bill Bills of exchange Term loan credit facility Total Balance at beginning of the year 77,061 34,183 22,157 - 133,401 New borrowings - - - 17,974 17,974 Payments – principal (1,508) (26,148) (237) - (27,893) Payments – interest (45) (1,279) (24) - (1,348) Interest accrued 1,936 743 770 236 3,685 Effect of changes in exchange rates (OCI) (17,318) (7,499) (4,982) 1,434 (28,365) Balance at end of the year 60,126 - 17,684 19,644 97,454 Covenants The restrictive clauses (covenants) associated with the Group's debt contracts establish the maintenance of minimum financial indicators resulting from its capital, funding and liquidity (cash) position, as well as profitability metrics and leverage ratios including, but not limited to, net debt to gross profit, in addition to non-financial indicators according to each contract. The Group was compliant with such restrictive clauses as of December 31, 2022, and 2021. Guarantees The Company is guarantor to the above-mentioned borrowings from Colombia and Mexico. The subsidiary Nu Pagamentos also is guarantor to the BofA and JP Morgan borrowings. b) Securitized borrowings Securitized borrowings corresponded to senior quotas issued by FIDC Nu. Senior notes of 1 st nd Changes to securitized borrowings 2022 2021 2020 Balance at beginning of the year 10,011 79,742 169,925 Interest accrued 84 1,904 4,633 Payments – principal (10,633) (66,403) (52,172) Payments – interest (134) (1,976) (4,819) Effect of changes in exchange rates (OCI) 672 (3,256) (37,825) Balance at end of the year - 10,011 79,742

Provision for lawsuits and admi

Provision for lawsuits and administrative proceedings	12 Months Ended
	Dec. 31, 2022
Provision For Lawsuits And Administrative Proceedings
Provision for lawsuits and administrative proceedings	23. Provision for lawsuits and administrative proceedings Schedule of Provision for judicial and administrative proceedings 2022 2021 Tax risks 15,747 17,081 Civil risks 2,096 980 Labor risks 104 21 Total 17,947 18,082 The Company and its subsidiaries are parties to lawsuits and administrative proceedings arising from the ordinary course of operations, involving tax, civil and labor matters. Such matters are being discussed at the administrative and judicial levels, which, when applicable, are supported by judicial deposits. The provisions for probable losses arising from these matters are estimated and periodically adjusted by management, supported by external legal advisors’ opinion. There is significant uncertainty relating to the timing of any cash outflow, if any, for civil and labor risk. a) Provision Regarding tax risks, a provision in the amount of US$ 15,747 17,081 Civil lawsuits are mainly related to credit card operations. Based on management’s assessment and inputs from Nu’s external legal advisors, the Group has provisioned US$ 2,096 980 b) Changes Changes to provision for lawsuits and administrative proceedings are as follows: Changes to provision for lawsuits and administrative proceedings are as follows 2022 Tax Civil Labor Balance at beginning of the year 17,081 980 21 Additions - 1,942 100 Payments / Reversals (2,341) (857) (18) Effect of changes in exchange rates (OCI) 1,007 31 1 Balance at end of the year 15,747 2,096 104 2021 Tax Civil Labor Balance at beginning of the year 15,995 470 4 Additions 2,240 2,204 18 Payments / Reversals - (1,644) - Effect of changes in exchange rates (OCI) (1,154) (50) (1) Balance at end of the year 17,081 980 21 2020 Tax Civil Labor Balance at beginning of the year 20,631 300 21 Additions - 1,472 2 Payments / Reversals - (1,234) (13) Effect of changes in exchange rates (OCI) (4,636) (68) (6) Balance at end of the year 15,995 470 4 c) Contingencies The Group is a party to civil and labor lawsuits, involving risks classified by management and the legal advisors as possible losses, totaling approximately US$ 7,128 1,814 4,365 454 d) Judicial deposits As of December 31, 2022, the total amount of judicial deposits shown as “Other assets” (note 17) is US$ 18,864 17,480

Deferred income

Deferred income	12 Months Ended
	Dec. 31, 2022
Deferred Income
Deferred income	24. Deferred income Schedule of deferred income 2022 2021 Deferred revenue from rewards program 34,546 25,462 Deferred annual fee 3,283 4,673 Other deferred income 3,859 522 Total 41,688 30,657 Deferred revenue from rewards programs and deferred annual fee are related to the Group's reward program for its credit card customers, called "Rewards". The program consists of accumulating points according to the use of the credit card in the ratio of R$ 1.00 0.18 The redemption of the points occurs when the customers use them in various expense categories, such as air tickets, hotels, transportation services, and music. Nu uses financial models to estimate the redemption rates of rewards earned to date by current card members, and, therefore, the estimated financial value of the points, based on historical redemption trends, current enrollee redemption behavior, among others. The estimated financial value is recorded in the income statement when the performance obligation is satisfied, which is when the reward points are redeemed. Deferred annual fees comprises amounts related to the rewards fees which are paid annually by customers until they are earned.

Related parties

Related parties	12 Months Ended
	Dec. 31, 2022
Related Parties
Related parties	25. Related parties In the ordinary course of business, the Group may have issued credit cards or loans to Nu’s executive directors, board members, key employees and close family members. Those transactions, as well as the deposits and other products, as investments, occur on similar terms as those prevailing at the time for comparable transactions to unrelated persons and do not involve more than the normal risk of collectability. As described in note 3, "Basis of consolidation", all companies from the Group are consolidated in these consolidated financial statements. Therefore, related party balances and transactions, and any unrealized income and expenses arising from inter-company transactions, are eliminated in the consolidated financial statements. In 2022, the exchange differences arising from intercompany loans between entities of the group with different functional currencies are shown as “Interest income and gains (losses) on financial instruments” in the statement of profit (loss). a) Transactions with other related parties Schedule of transactions with other related parties Assets/ (Liabilities) 2022 2021 Others 316 299 Revenues (expenses) 2022 2021 2020 Others (1,112) (1,685) - On June 30, 2021, the Group entered into a service and naming rights agreement with Rodamoinho Produtora de Eventos Ltda., owned by a former member of the Company’s Board of Directors ("Board"). This director has not been a member of the Board since September, 2022, when the Company ceased recognizing Rodamoinho as a related party. In addition, on April 12, 2022 and July 15, 2022 the Group made payments for training and workshops provided by Reprograma, a philanthropic project managed by a family member of the Company’s controlling shareholder. b) Management compensation There are no significant post-employment benefits, such as pensions and other retirement benefits. The remuneration of the directors and other key management personnel of the Company is set out in aggregate below. Schedule of management compensation 2022 2021 2020 Consolidated statements of profit or loss Fixed and variable compensation (i) 122,892 34,252 9,029 (i) The Contingent Share Award (CSA) termination is not included in the management compensation. Although Nu recognized the expense, Mr. David Vélez has forfeited the right to receive the amount. Management compensation includes the compensation of remunerated members of the Board of Directors and of Executive Officers, which increased mainly due to the recognition of the 2021 Contingent Share Award (CSA) expenses until the date of its termination.

Fair value measurement

Fair value measurement	12 Months Ended
	Dec. 31, 2022
Fair Value Measurement
Fair value measurement	26. Fair value measurement The main valuation techniques employed in internal models to measure the fair value of the financial instruments on December 31, 2022 and 2021 are set out below. The principal inputs into these models are derived from observable market data. The Group did not make any material changes to its valuation techniques and internal models in those periods. a) Fair value of financial instruments carried at amortized cost The following tables show the fair value of the financial instruments carried at amortized cost on December 31, 2022, and 2021. The Group has not disclosed the fair values of financial instruments such as compulsory and other deposits at central banks, other financial assets at amortized cost, deposits in electronic money, RDB, RDB-V, time deposit, and borrowings and financing, because their carrying amounts are a reasonable approximation of fair value. Schedule of fair value at amortized cost 2022 2021 Book value Fair value - Level 2 Fair value - Level 3 Book value Fair value - Level 2 Fair value - Level 3 Assets Compulsory and other deposits at central banks 2,778,019 938,659 Credit card receivables (i) 8,233,123 - 8,204,077 4,780,520 - 4,161,785 Loans to customers (i) 1,676,276 - 1,920,518 1,194,814 - 1,324,513 Other receivables 521,670 - 522,359 50,349 - 50,400 Other financial assets 478,283 18,493 Total 13,687,371 - 10,646,954 6,982,835 - 5,536,698 Liabilities Deposits in electronic money 1,534,582 1,888,454 Deposits - RDB and RDB-V 14,273,959 7,759,665 Time deposit - 19,181 Payables to network 7,054,783 6,399,704 - 4,882,159 4,755,304 - Borrowings and financing 585,568 147,243 Securitized borrowings - 10,011 Total 23,448,892 6,399,704 - 14,706,713 4,755,304 - (i) It excludes the fair value adjustment from the hedge accounting. The book value from credit card receivables and loans to customers includes the amounts that are the subject of the portfolio hedge, described in note 18. The credit risk components for both receivables are not part of the hedge strategy. Borrowings and financing fair value is equal to the book value given that any prepayment shall be equal to the total outstanding amount. The fair value of floating rate demand deposits are assumed to be equal to carrying values. The valuation approach to specific categories of financial instruments is described below. i) Fair value models and inputs Credit card: Loans to customers: Other receivables: b) Fair value of financial instruments measured at fair value The following table shows a summary of the fair values, as of December 31, 2022, and 2021, of the financial assets and liabilities indicated below, classified on the basis of the various measurement methods used by the Group to determine their fair value: Schedule of fair value measurement 2022 Published price quotations in active markets (Level 1) Internal Models (Level 2) Internal Models (Level 3) Total Assets Government bonds Brazil 8,222,278 - - 8,222,278 United States 171,184 - - 171,184 Mexico 1,382 - - 1,382 Corporate bonds and other instruments Certificate of bank deposits (CDB) - 3,712 - 3,712 Investment funds - 302,779 - 302,779 Time deposit - 446,436 - 446,436 Bill of credit (LC) - 138 - 138 Real estate and agribusiness certificate of receivables (CRIs/CRAs) 2 32,173 - 32,175 Real estate and agribusiness letter of credit (LCIs/LCAs) - 1,197 - 1,197 Corporate bonds and debentures 676,953 158,675 - 835,628 Equity instrument - - 22,082 22,082 Derivative financial instruments 2,154 11,423 27,908 41,485 Collateral for credit card operations - 305 - 305 Liabilities Derivative financial instruments 384 9,041 - 9,425 Instruments eligible as capital - 11,507 - 11,507 Repurchase agreements - 197,242 - 197,242 2021 Published price quotations in active markets (Level 1) Internal Models (Level 2) Internal Models (Level 3) Total Assets Government bonds Brazil 6,646,188 - - 6,646,188 United States 830,124 - - 830,124 Colombia 504 - - 504 Corporate bonds and other instruments Certificate of bank deposits (CDB) - 81,810 - 81,810 Investment funds - 146,884 - 146,884 Time deposit - 1,119,682 - 1,119,682 Bill of credit (LC) - 14 - 14 Real estate and agribusiness letter of credit (CRIs/CRAs) - 1,508 - 1,508 Corporate bonds and debentures - 121,783 - 121,783 Stocks issued by public-held company 158 - - 158 Equity instrument - - 30,735 30,735 Derivative financial instruments 81,538 24 19,756 101,318 Collateral for credit card operations - 1,052 - 1,052 Liabilities Derivative financial instruments 87,271 7 - 87,278 Instruments eligible as capital - 12,056 - 12,056 Repurchase agreements - 3,046 - 3,046 i) Fair value models and inputs Securities: Derivatives Equity instrument: Instruments eligible as capital: Repurchase agreements: c) Transfers between levels of the fair value hierarchy For the years ended December 31, 2022 and 2021, there were no transfers of financial instruments between levels 1 and 2 or between levels 2 and 3.

Income tax

Income tax	12 Months Ended
	Dec. 31, 2022
Income Tax
Income tax	27. Income tax Current and deferred taxes are determined for all transactions that have been recognized in the consolidated financial statements using the provisions of the current tax laws. The current income tax expense or benefit represents the estimated taxes to be paid or refunded, respectively, for the current period. Deferred tax assets and liabilities are determined based on differences between the financial reporting and tax basis of assets and liabilities. They are measured using the tax rates and laws that will be in effect when the temporary tax differences are expected to reverse. a) Income tax reconciliation The tax on the Group's pre-tax profit differs from the theoretical amount that would arise using the weighted average tax rate applicable to profits of the consolidated entities. In August 2022, the Social Contribution tax rate in Brazil increased 1 percentage point, thus the combined income tax rate increased from 40 41 41 , 2022, 45 , 2021, and 40 Income tax reconciliation 2022 2021 2020 Loss before income tax (308,901) (170,164) (193,178) Tax rate (i) 41% 45% 40% Income tax benefit 126,649 76,574 77,271 Permanent additions/exclusions Share-based payments (11,757) (41,418) (8,639) Customers gifts (120) (250) (375) Operational losses and others (9,112) (6,385) (4,741) Changes in income tax rate (2,531) (11,127) - Contingent share award (CSA) - termination (ii) (145,785) - (8,049) Effect of different tax rates - subsidiaries and parent company (31,765) (4,541) (3,781) Results with convertible instruments - - (29,008) Other non-deductible expenses 18,688 (10,353) (1,022) Income tax (55,733) 2,500 21,656 Current tax expense (473,345) (219,824) (22,338) Deferred tax benefit 417,612 224,654 44,025 Income tax in the statement of profit or loss (55,733) 4,830 21,687 Deferred tax recognized in OCI 829 (2,330) (31) Income tax (54,904) 2,500 21,656 Effective tax rate 18.0% -2.8% -11.2% (i) The tax rate used was the one applicable to the financial Brazilian subsidiaries, which represent the most significant portion of the operations of the Group. The tax rate used is not materially different from the average effective tax rate considering all jurisdictions where the Group has operations. The effect of other tax rates is shown in the table above as "effect of different tax rates –subsidiaries and parent company". (ii) The amount is related to the termination of the Contingent Share Award (CSA) as described in the note 10b. b) Deferred income taxes The following tables present significant components of the Group’s deferred tax assets and liabilities as of December 31, 2022, 2021 and 2020, and the changes for the years then ended. The accounting records of deferred tax assets on income tax losses and/or social contribution loss carryforwards, as well as those arising from timing differences, are based on technical feasibility studies which consider the expected generation of future taxable income, considering the history of profitability for each subsidiary individually. The Group has no time limit for use of the deferred tax assets, but the use of the deferred tax asset related to tax loss and negative basis of social contribution is limited to 30% of taxable profit per year for the Brazilian entities. Schedule of deferred income taxes Reflected in the statement of profit or loss 2021 Other Constitution Realization Foreign exchange Reflected in OCI 2022 Provisions for credit losses 204,459 - 600,227 (221,817) 922 - 583,791 Provision PIS/COFINS - Financial Revenue 5,965 - - - 334 - 6,299 Other temporary differences 72,343 12,175 68,971 (34,313) 3,927 - 123,103 Total deferred tax assets on temporary differences 282,767 12,175 669,198 (256,130) 5,183 - 713,193 Tax loss and negative basis of social contribution 77,985 - 19,930 (5,707) 5,649 - 97,857 Deferred tax assets 360,752 12,175 689,128 (261,837) 10,832 - 811,050 Futures settlement market (18,850) - (7,821) 13,730 (798) - (13,739) Fair value changes - financial instruments (2,144) - (3,744) 4,634 (51) (1,986) (3,291) Others (8,340) - 46,446 (60,338) (1,856) - (24,088) Deferred tax liabilities (29,334) - 34,881 (41,974) (2,705) (1,986) (41,118) Fair value changes - cash flow hedge 1,057 - 17,608 (20,194) (229) 2,815 (1,758) Deferred tax recognized during the year 741,617 (324,005) 829 Reflected in the statement of profit or loss 2020 Other Constitution Realization Foreign exchange Reflected in OCI 2021 Provisions for credit losses 68,155 41 197,920 (52,730) (8,927) - 204,459 Provision PIS/COFINS - Financial Revenue 6,398 - - - (433) - 5,965 Other temporary differences 41,982 585 52,157 (18,394) (3,987) - 72,343 Total deferred tax assets on temporary differences 116,535 626 250,077 (71,124) (13,347) - 282,767 Tax loss and negative basis of social contribution 8,596 4,201 67,939 - (2,751) - 77,985 Deferred tax assets 125,131 4,827 318,016 (71,124) (16,098) - 360,752 Futures settlement market - - (19,137) - 287 - (18,850) Fair value changes - financial instruments (8,741) - (170) 5,544 (82) 1,305 (2,144) Others - - (14,524) 4,744 1,440 - (8,340) Deferred tax liabilities (8,741) - (33,831) 10,288 1,645 1,305 (29,334) Fair value changes - cash flow hedge 32 - 1,305 - (280) 1,025 1,057 Deferred tax recognized during the year 285,490 (60,836) 2,330 Reflected in the statement of profit or loss 2019 Constitution Realization Foreign exchange 2020 Provisions for credit losses 63,846 79,383 (60,808) (14,266) 68,155 Provision PIS/COFINS - Financial Revenue 8,252 - - (1,854) 6,398 Other provisions 14,944 27,125 (5,242) (3,504) 33,323 Fair value changes - financial instruments 2,177 8,945 (1,791) (672) 8,659 Total deferred tax assets on temporary differences 89,219 115,453 (67,841) (20,296) 116,535 Tax loss and negative basis of social contribution 4,979 7,150 (3,724) 191 8,596 Deferred tax assets 94,198 122,603 (71,565) (20,105) 125,131 Fair value changes - financial instruments (698) (7,013) - (1,030) (8,741) Deferred tax liabilities (698) (7,013) - (1,030) (8,741) Deferred tax assets net of deferred tax liabilities 93,500 115,590 (71,565) (21,135) 116,390

Equity

Equity	12 Months Ended
	Dec. 31, 2022
Disclosure Equity Abstract
Equity	28. Equity The table below presents the changes in shares issued and fully paid and shares authorized, by class, as of December 31, 2022 and 2021. Schedule of changes in shares issued and fully paid and shares authorized Shares authorized and fully issued Note Ordinary shares Preferred shares Senior preferred shares Management shares Class A Ordinary shares Class B Ordinary shares Total Total after 6-for-1 forward share split Total as of December 31, 2020 222,657,093 422,057,050 16,795,799 2,500 - - 661,512,442 3,969,074,652 SOPs exercised and RUSs vested 6,314,494 - - - 15,600,346 - 21,914,840 131,489,040 Shares withheld for employees' taxes (320,866) - - - (384,278) - (705,144) (4,230,864) Shares repurchased (203,643) - - - - - (203,643) (1,221,858) Issuance of preferred shares (Series G) - 11,758,704 - - - - 11,758,704 70,552,224 Conversion of senior preferred shares (Series F-1) - 16,795,799 (16,795,799) - - - - - Issuance of preferred shares due to Easynvest business combination - 8,019,426 - - - - 8,019,426 48,116,556 Issuance of preferred shares(Series G-1) - 10,002,809 - - - - 10,002,809 60,016,854 Conversion of ordinary shares in class A shares (228,447,078) - - - 228,447,078 - - - Conversion of class A shares in class B shares - - - - (184,110,692) 184,110,692 - - Awards issued - - - - - 7,596,827 7,596,827 45,580,962 Issuance of class A shares - Cognitect acquisition - - - - 107,489 - 107,489 644,934 Issuance of class A shares - Spin Pay acquisition - - - - 138,415 - 138,415 830,490 Subtotal balances before the 6-for-1 forward share split - 468,633,788 - 2,500 59,798,358 191,707,519 720,142,165 4,320,852,990 Issuance of shares due to the 6-for-1 forward share split - 2,343,168,940 - 12,500 298,991,790 958,537,595 3,600,710,825 - Subtotal balances after the 6-for-1 forward share split - 2,811,802,728 - 15,000 358,790,148 1,150,245,114 4,320,852,990 4,320,852,990 Preferred shares converted into class A shares - (2,811,802,728) - - 2,811,802,728 - - - Cancelation of management shares - - - (15,000) - - (15,000) (15,000) Issuance of shares under the customer program - - - - 1,259,613 - 1,259,613 1,259,613 Issuance of shares under the IPO - - - - 287,890,942 - 287,890,942 287,890,942 Movements due to the IPO - (2,811,802,728) - (15,000) 3,100,953,283 - 289,135,555 289,135,555 Total as of December 31, 2021 - - - - 3,459,743,431 1,150,245,114 4,609,988,545 4,609,988,545 Conversion of shares class B to A - - - - 58,312,073 (58,312,073) - - SOPs exercised and RUSs vested 10 - - - - 64,418,580 - 64,418,580 64,418,580 Shares withheld for employees' taxes 10 - - - - (8,536,770) - (8,536,770) (8,536,770) Issuance of class A shares - Cognitect and Juntos acquisitions - - - - 1,362,201 - 1,362,201 1,362,201 Issuance of shares due to IPO over-allotment - - - - 27,555,298 - 27,555,298 27,555,298 Total as of December 31, 2022 - - - - 3,602,854,813 1,091,933,041 4,694,787,854 4,694,787,854 Shares authorized and unissued Note Class A Ordinary shares Class B Ordinary shares Total Total after 6-for-1 forward share split Business combination - contingent share consideration - - 10,683,513 10,683,513 Reserved for the share-based payments - - 397,521,998 397,521,998 Shares authorized which may be issued class A or class B - - 43,500,447,845 43,500,447,845 Shares authorized and unissued as of December 31, 2022 - - 43,908,653,356 43,908,653,356 Shares authorized issued 3,602,854,813 1,091,933,041 4,694,787,854 4,694,787,854 Total as of December 31, 2022 - - 48,603,441,210 48,603,441,210 At the Meeting of Shareholders held on August 30, 2021, the 6-for-1 forward share split of the Company’s shares was approved. a) Share events In January 2022, Nu Holdings issued an additional 27,555,298 ordinary class A shares due to the over-allotment option ("Green Shoe") exercised by the underwriters. As of December 31, 2022, the Company had ordinary shares authorized and unissued relating to commitments from acquisitions of entities, the issuance due to the share-based payment plans (note 10) and authorized for future issuance without determined nature and which could be class A or B ordinary shares. b) Share capital and share premium reserve All share classes of the Company had a nominal par value of US$ 0.0000067 83 83 Share premium reserve relates to amounts contributed by shareholders over the par value at the issuance of shares. c) Issuance of shares The following table presents the amount in US$ of shares issued, increase in capital and premium reserve in transactions other than the exercise of the SOPs and vesting of RSUs in 2022 and 2021: Schedule of transactions other than the exercise of the SOPs and vesting of RSUs Event Capital and share premium reserve Issuance of preferred shares (Series F-1) 400,915 Issuance of preferred shares (Series G) 400,000 Issuance of preferred shares (Series G-1) 400,000 Shares issued on IPO over-allotment 247,998 Customer program and IPO (note 1b) 2,602,026 In January 2021, Nu Holdings completed the preferred shares issuance – Series G – in the amount of US$400,000. As a result of the transaction, 11,758,704 Series G preferred shares (70,552,224 after the 6-for-1 forward share split) were issued and 7,466,778 ordinary shares (44,800,668 after the 6-for-1 forward share split) were made available for issuance for the Company’s share-based compensation program. In May 2021, the senior preferred shares related to Series F-1 were fully converted into equity, with the total issuance of 16,795,799 shares (100,774,794 after the 6-for-1 forward share split) at the request of the holders. The conversion consisted of a reclassification of the amount recognized as a derivative and as liability into share capital and share premium reserve in the total amount of US$400,915. In June 2021, Nu Holdings completed the preferred shares issuance Series G-1 – in the amount of US$400,000. As a result of the transaction, 10,002,809 Series G-1 preferred shares (60,016,854 after the 6-for-1 forward share split) were issued. In January 2022, Nu Holdings issued an additional 27,555,298 ordinary class A shares due to the over-allotment option ("Green Shoe") exercised by the underwriters. The Company did not have any convertible instruments during the year 2022. d) Accumulated losses The accumulated losses include the share-based payment reserve amount, as shown in the table below. As described in note 10, the Group's share-based payments include incentives in the form of SOPs, RSUs and Awards. Further, the Company can use the reserve to absorb accumulated losses. Schedule of accumulated losses 2022 2021 Accumulated losses (701,062) (336,484) Share-based payments reserve 765,639 208,075 Total attributable to shareholders of the parent company 64,577 (128,409) Accumulated profit (loss) attributable to non-controlling interests - (341) Total accumulated losses 64,577 (128,750) e) Shares repurchased and withheld Shares may be repurchased from former employees when they leave the Group or withheld because of RSUs plans to settle the employee’s tax obligation. These shares repurchased or withheld are canceled and cannot be reissued or subscribed. During the years ended on December 31, 2022 and 2021, the following shares were repurchased (after the 6-for-1 forward share split): Schedule of shares were repurchased (after the 6-for-1 forward share split) 2022 2021 Quantity of shares repurchased - 1,221,858 Total value of shares repurchased - 4,607 Quantity of shares withheld - RSU 8,536,770 4,230,864 Total value of shares withheld - RSU 51,212 18,299 f) Accumulated other comprehensive income Other comprehensive income includes the amounts, net of the related tax effect, of the adjustments to assets and liabilities recognized in equity through the consolidated statement of comprehensive income. Other comprehensive income that may be subsequently reclassified to profit or loss is related to cash flow hedges that qualify as effective hedges and currency translation that represents the cumulative gains and losses on the retranslation of the Group’s investment in foreign operations. These amounts will remain under this heading until they are recognized in the consolidated statement of profit (loss) in the periods in which the hedged items affect it, for example, in the case of the cash flow hedge. The own credit reserve reflects the cumulative own credit gains and losses on financial liabilities designated at fair value. Amounts in the own credit reserve are not reclassified to profit (loss) in future periods. The accumulated balances are as follows: Schedule of accumulated balances 2022 2021 2020 Cash flow hedge effects, net of deferred taxes (7,486) 1,487 49 Currency translation on foreign entities (108,356) (110,936) (97,081) Changes in fair value - financial instruments at FVTOCI, net of deferred taxes (22,298) 1,741 - Own credit adjustment effects 489 (1,519) (468) Total (137,651) (109,227) (97,500)

Management of financial risks,

Management of financial risks, financial instruments, and other risks	12 Months Ended
	Dec. 31, 2022
Management Of Financial Risks Financial Instruments And Other Risks
Management of financial risks, financial instruments, and other risks	29. Management of financial risks, financial instruments, and other risks a) Overview The Group monitors all the risks that could have a material impact on its strategic objectives, including those that must comply with applicable regulatory requirements. To efficiently manage and mitigate these risks, the risk management structure conducts risk identification and assessment to prioritize the risks that are key to pursue potential opportunities and/or that may prevent value from being created or that may compromise existing value, with the possibility of having impacts on financial results, capital, liquidity, customer relationship and reputation. Risks that are actively monitored include: 1. Credit risk; 2. Liquidity risk; 3. Market Risk and Interest Rate Risk in the Banking Book (IRRBB); 4. Operational Risk / Information Technology/Cyber Risk; 5. Regulatory Risk; 6. Compliance Risk; 7. Reputational Risk; and 8. Risks from cryptocurrency business. b) Risk management structure Nu considers Risk Management an important pillar of the Group's strategic management. The risk management structure broadly permeates the entire Company, with the objective of ensuring that risks are properly identified, measured, mitigated, monitored and reported, in order to support the development of its activities. Risk Management is related to the principles, culture, structures and processes to improve the decision-making process and the achievement of strategic objectives. It is a continuous and evolving process that runs through Nu's entire strategy, to support Management in minimizing its losses, as well as maximizing its profits and supporting the Company's values. The Group's risk management structure considers the size and complexity of its business, which allows tracking, monitoring and control of the risks to which it is exposed. The risk management process is aligned with management guidelines, which, through committees and other internal meetings, define strategic objectives, including risk appetite. Conversely, the capital control and capital management units provide support through risk and capital monitoring and analysis processes. The Group considers a risk appetite statement (“RAS”) to be an essential instrument to support risk management and decision making. The Board reviews and approves the RAS, as guidelines and limits for the business plan and capital deployment. Nu operates on the three-line model, which helps to identify structures and processes that best support the achievement of objectives and facilitate a robust governance and risk management structure. ● First line ● Second line ● Third line Another important element of the risk management framework is the structure of Technical Forums and Committees. These governance bodies were designed and implemented to monitor and make decisions on aspects associated with the Group's management and control. Nu has implemented this structure both at a Global and a country-level perspective, as described below. Global risk-related Governance body: ● Audit and Risk Committee Country-level risk-related Governance bodies: Each of the countries where the Group has operations established a structure of governance based on the relevant regulatory requirements and composed of the following elements. Depending on the nature of the subject to be managed, some Committees and meetings can be grouped to cover more than one country. ● Risk Committee ● Credit Committee ● Audit Committee ● Technical Forums c) Risks actively monitored The risks that are actively monitored by the Group include Credit Risk, Market Risk, Interest rate risk in the Banking Book (IRRBB), Liquidity Risk, Operational Risk and Internal Controls, Information Technology and Cyber Risk, Model Risk, Compliance and Anti-money laundering (AML). The management of these risks is carried out according to the three-line model, considering policies and procedures in place, as well as the limits established in the RAS. Also, there is a Stress Testing program in place. Each of the risks described below has its own methodologies, systems and processes for its identification, measurement, evaluation, monitoring, reporting, control and mitigation. In the case of financial risks, such as credit, liquidity, IRRBB and market risk, the measurement is carried out based on quantitative models and, in certain cases, prospective scenarios in relation to the main variables involved, respecting the applicable regulatory requirements and best market practices. Non-financial risks, such as operational risk and technological/cyber risks, are measured using impact criteria (inherent risk), considering potential financial losses, reputational damage, customer perception and legal/regulatory obligations, as well as evaluated in relation to the effectiveness of the respective structure of internal controls. Based on the results of the measurement and risk assessment activities, the adherence of the residual exposure to Nu's risk appetite is verified. Necessary actions to mitigate risks are presented and discussed in the governance structure (Technical Forums and Risk Committees), which are also the channels responsible for approving and monitoring the implementation of action plans. ● Credit risk Credit risk is defined as the possibility of losses associated with failure of customers or counterparties to pay their contractual obligations; the depreciation or reduction of the expected gains from financial instruments due to the deterioration of the credit quality of customers or counterparties; the costs of recovering the deteriorated exposure; and any advantage given to customers or counterparties due to deterioration in their credit quality. The credit risk control and management structure is independent of the business units, being responsible for the processes and tools to measure, monitor, control and report the credit risk of products and other financial operations, continuously verifying their adherence to the policies and structure of approved limits. There is also an assessment of the possible impacts arising from changes in the economic environment, in order to ensure that the loan portfolio is resilient to economic crises. Credit risk management is carried out by the Credit Risk team with a centralized role independent of the business units, being responsible for: ● Establishing governance, policies and procedures aimed at maintaining exposure to credit risks in accordance with the levels set in the RAS; ● Monitoring and notifying management of the risk levels (appetite compliance) of the credit portfolio, including recommendations for improvement, when applicable; ● Identifying and assessing inherent risks and respective mitigators in the launch of new products and significant changes in existing processes; and ● Estimating the expected losses according to consistent and verifiable criteria. The Group’s outstanding balance of financial assets is shown in the table below: Schedule of outstanding balance of financial assets Financial assets 2022 2021 Cash and cash equivalents 4,172,316 2,705,675 Securities 91,853 815,962 Derivative financial instruments 41,485 101,318 Collateral for credit card operations 305 1,052 Financial assets at fair value through profit or loss 133,643 918,332 Securities 9,947,138 8,163,428 Financial assets at fair value through other comprehensive income 9,947,138 8,163,428 Compulsory and other deposits at central banks 2,778,019 938,659 Credit card receivables 8,233,072 4,780,520 Loans to customers 1,673,440 1,194,814 Other receivables 521,670 50,349 Other financial assets 478,283 18,493 Financial assets at amortized cost 13,684,484 6,982,835 Total 27,937,581 18,770,270 ● Liquidity risk Liquidity risk is defined as: ● the ability of an entity to fund increases in assets and meet obligations as they come due, without incurring unacceptable losses; and ● the possibility of not being able to easily exit a financial position due to its size compared to the traded volume in the market. The liquidity risk management structure uses future cash flow data, applying what Nu believes to be a severe stress scenario to these cash flows, in order to measure that the volume of high-quality liquid assets that the Group has is sufficient to guarantee its resilience even in very adverse situations. The liquidity indicators are monitored daily. The Group has a Contingency Funding Plan for the Brazilian entities that describes possible management actions that should be taken in the event of a deterioration of the liquidity indicators. Primary sources of funding - by maturity Schedule of primary sources of funding - by maturity 2022 2021 Funding Sources Up to 12 months Over 12 months Total % Up to 12 months Over 12 months Total % Deposits by customers Bank receipt of deposits (RDB) 14,160,805 113,154 14,273,959 96 7,663,355 64,753 7,728,108 97 Bank receipt of deposits (RDB-V) - - - - 31,557 - 31,557 1 Time deposit - - - - 19,181 - 19,181 0 Borrowings and financing 38,329 547,239 585,568 4 23,577 123,666 147,243 2 Instruments eligible as capital - 11,507 11,507 0 - 12,056 12,056 0 Total 14,199,134 671,900 14,871,034 100 7,737,670 200,475 7,938,145 100 Maturities of financial liabilities The tables below summarize the Group’s financial liabilities and their contractual maturities: Schedule of financial liabilities into groups based on their contractual maturities 2022 Financial liabilities Carrying amount Gross nominal outflow (1) Up to 1 month 1 to 3 months 3-12 months Over 12 months Derivative financial instruments 9,425 9,425 152 105 9,056 112 Instruments eligible as capital 11,507 14,742 - - - 14,742 Repurchase agreements 197,242 197,242 197,242 - - - Deposits in electronic money (*) 1,534,582 1,531,753 1,531,753 - - - Bank receipt of deposits (RDB) 14,273,959 14,278,498 13,589,341 207,839 336,218 145,100 Payables to network 7,054,783 7,054,784 3,829,399 1,741,186 1,483,533 666 Borrowings and financing 585,568 721,480 482 17,011 83,182 620,805 Total 23,667,066 23,807,923 19,148,369 1,966,141 1,911,989 781,425 (*) In accordance with regulatory requirements, in guarantee of these deposits the Group has pledged reverse repurchase agreements and securities composed of Brazilian government bonds in the total amount of US$2,252,464 to the Brazilian Central Bank as of December 31, 2022 (US$2,271,585 as of December 31, 2021). (1) The gross nominal outflow was projected considering the exchange rate of Brazilian Reais, and Mexican and Colombian Pesos to US$ as of December 31, 2022 (R$5.2804, MXN19.4999 and COP4,852.50 per US$1) and the projected Brazilian CDI, obtained from B3's website, for the deposits. ● Market risk and interest rate risk in the banking book (IRRBB) Market risk is defined as the risk of losses arising from movements in market risk factors, such as interest rate risk, equities, foreign exchange (FX) rates, commodities prices. IRRBB refers to the current or prospective risk to an entity's capital and earnings arising from adverse movements in interest rates that affect the banking book positions. There is a market risk & IRRBB control and management structure, independent from the business units, which is responsible for the processes and tools to measure, monitor, control and report the market risk and IRRBB, continuously verifying the adherence with the approved policies and limit’s structure. Management of market risk and IRRBB is based on metrics that are reported to the Asset & Liability Management and Capital ("ALM") Technical Forum and to the country-level Risk Committee. Management is authorized to use financial instruments as outlined in the Group's internal policies to hedge market risk & IRRBB exposures. Management of market risk and interest rate risk in the banking book (IRRBB) is based on the following metrics: ● Interest Rate Sensitivity (DV01): impact on the market value of cash flows, when submitted to a one basis point increase in the current annual interest rates or index rate; ● Value at Risk (VaR): maximum market value loss for a holding period with a confidence level; and ● FX exposures: considering all financial positions that bring FX risk and operational expenses in other currencies. The table below presents the VaR, calculated using a holding period of 1 day, by a historical simulation approach, with a 5-year historical window. As of December 31, 2022, VaR for Brazil is calculated only for the Trading Book and using a confidence level of 99%, in line with the way portfolios are managed. VaR for Nu Holdings is considering only financial assets held directly by Nu Holdings, and it is not considering assets in other countries, including Brazil, Mexico and Colombia. The VaR model for Nu Holdings uses a confidence level of 99% and a holding period of 10 days. Schedule of VaR for the entities in Brazil VaR 2022 2021 Nu Financeira (i) / Nu Pagamentos (Brazil) 190 1,012 Nu Holdings 10,321 340 (i) Includes Nu Financeira and its subsidiaries Nu Invest and Nu DTVM. ● Interest rate risk The following analysis is the Group's sensitivity of the mark to market fair value to an increase of 1 basis point (“bp”) (DV01) in the Brazilian risk-free curve, IPCA coupon curve, assuming a parallel shift and a constant financial position: Schedule of interest risk Curve Brazilian Risk-Free Curve IPCA coupon DV01 2022 2021 2022 2021 Nu Financeira (i) / Nu Pagamentos / FIP (Brazil) (41) 4 (5) (2) (i) Includes Nu Financeira and its subsidiaries Nu Invest and Nu DTVM. The following analysis is the Nu México sensitivity of the mark to market fair value to an increase of 1 basis point (“bp”) (DV01) in the Mexican risk-free curve, assuming a parallel shift and a constant financial position: Curve Mexican Risk-Free Curve DV01 2022 2021 Nu Mexico (11) n/a * * Nu Mexico figures were not significant as of December 2021. The following analysis is Nu Holding's sensitivity of the mark to market fair value to an increase of 1 basis point (“bp”) (DV01) in the US Risk-Free Curve: Curve US Risk-Free Curve DV01 2022 2021 Nu Holdings (121) (103) The interest rate risk in Colombia and in Brazilian subsidiaries other than Nu Pagamentos and Nu Financeira are deemed not significant as of December 31, 2022 and 2021. To maintain DV01 sensitivities within defined limits, interest rate futures, traded in B3, and swaps derivatives are used to hedge interest rate risk. ● Foreign exchange (FX) risk The financial information may exhibit volatility due to the Group’s operations in foreign currencies, such as the Brazilian Real and Mexican and Colombian Pesos. At the Nu Holdings level, there is no net investment hedge for investments in other countries. As of December 31, 2022 and 2021, none of the entities of the Group had significant financial instruments in a currency other than their respective functional currencies. The functional currency of the entities in Brazil is the Brazilian Real. Certain costs in US Dollars and Euros, or intercompany loans in US Dollars, are hedged with futures contracts, traded on the B3 exchange, based on projections of these costs, or when there are new exposures. Hedge transactions are adjusted when internal cost projections change and when the FX derivatives expire. As a result, the consolidated financial statements have no significant exposures to exchange rates after the hedge transactions take effect. ● Operational risk Operational risk is defined as the possibility of losses resulting from external events or from failure, deficiency or inadequacy of internal processes, people, or systems. In this context, the legal risk associated with inadequacy or deficiency in contracts signed by Nu, sanctions due to non-compliance with legal provisions and compensations for damages to third parties arising from the activities developed by the Company must also be considered. The structure of control and management of operational risk and internal controls is independent of the business and support units, being responsible for the identification and assessment of operational risks, as well as for evaluating the design and effectiveness of the internal controls, covering risks such as system and services disruption, external fraud and failures in activities involved in payment scheme arrangements. This structure is also responsible for the preparation and periodic testing of the business continuity plan and for coordinating the risk assessment in new product launches and significant changes to existing processes. Within the governance of the risk management process, mechanisms are presented to identify, measure, evaluate, monitor, and report operational risk events to each business and support area (first line), in addition to disseminating the control culture to other employees. The main results of risk assessments are presented in the Technical Forum on Operational Risk and Internal Controls and in the Risk Committee, when applicable. Applicable improvement recommendations result in action plans with planned deadlines and responsibilities. ● Information Technology/Cyber ("IT") risk IT/Cyber risk is defined as the undesirable effects arising from a range of possible threats to the information technology infrastructure, including cybersecurity (occurrence of information security incidents), incident management (ineffective incident/problem management process, impact about service levels, costs and customer dissatisfaction), identity and access management (unauthorized access to sensitive information), data management (lack of compliance with data privacy laws or gaps in data management governance or data leakage issues), among others. As the Group operates in a challenging environment in terms of cyber threats, it continuously invests in controls and technologies to defend against these threats. IT risks, including cyber risk, are a priority area for Nu, thus there is a dedicated IT Risk structure, which is part of the second line. This team is independent from IT-related areas, including Engineering, IT Operations, and Information Security. The IT/Cyber Risks area is responsible for identifying, evaluating, measuring, monitoring, controlling, and reporting Information Technology risks in relation to the risk appetite levels approved by the Executive Board. The Group continually assesses Nu's exposure to threat risk and their potential impacts on the business and customers. The Group continues to improve its IT and cybersecurity capabilities and controls, also considering that people are an essential component of the security strategy, ensuring that the employees and third-party consultants are aware of prevention measures and also know how to report incidents. The results of the IT risk and controls assessments are regularly discussed at the IT Risk Technical Forum and presented to the Risk Committee when applicable. The applicable improvement recommendations result in action plans with planned deadlines and responsibilities. ● Regulatory risk In a complex and highly regulated environment, legislative and regulatory initiatives may result in significant changes to Nu's regulatory framework and consequently its business activities. To address such risks Nu maintains teams in Brazil, Colombia and Mexico dedicated to monitoring these changes and engaging to explain their potential impacts to the Group and the broader financial industry. Legislative and regulatory initiatives that can present a material impact to the Group are brought to the attention of the Risk Committee and the management team allowing the Group, when necessary, to adjust its strategy and decide on the best course of action to deal with such changes. ● Compliance risk As the Group operates in a highly regulated environment, a robust Compliance program was established within the second line of defense. The Compliance team has resources dedicated to the Ethics Program, Regulatory Compliance as well as to Anti Money Laundering Program and Combating the Financing of Terrorism. The Ethics Program sets the minimum conduct standards for the organization, including Code of Conduct, Compliance Policies, Training, and Awareness Campaigns, as well as an independent Whistleblower Channel. Some examples include the anti-bribery and corruption risks, conflict of interest, related parties, insider trading as well as any violations from Nu's Code of Conduct. The Regulatory Compliance team is focused on overseeing the regulatory adherence of the organization. Main activities involve regulatory tracking and managing the regulatory adherence, assessment of new products and features, advisory, Compliance testing as well as centralizing the relationship with regulators regarding requests of information and exams. By not being in compliance with laws and regulations, the Group may be exposed to sanctions, loss of license as well as potential criminal implications on management. Nu's Anti Money Laundering (AML) Program represents the global framework and guidelines for AML and Combating Terrorism Financing (CTF) and is the basis for the AML team's strategic planning. It involves the risk of the company being exposed to sanctions for not implementing controls to avoid AML or terrorism financing. The Program is structured in three levels - strategic, tactical and operational - and it's composed of 7 pillars (strategic level): Enterprise Risk Assessment; Policies and Procedures; Communication and Training; Know Your Customer (KYC); Due Diligence (KYE, KYS, KYP and KYB); MSAC - Monitoring, Selection, Analysis and Communication (SAR); and Effectiveness Assessment Program. ● Reputational risk The Group believes that the materialization of other risks can negatively impact its reputation, as they are intrinsically connected. Unfavorable events in different risk areas such as business continuity, cyber security, ethics and integrity, social media negative activity, among others, can damage Nu's reputation. Therefore, the Group has teams and processes in place dedicated to overseeing external communication and for crisis management, which are key elements in identifying and mitigating reputational events, as well as to gain long-term insight to better prevent or respond to future events. ● Risks from cryptocurrency business In addition to the risks set out above, the Group's activities and services related to cryptocurrency (NuCrypto) generate specific risks which are directly related to cryptocurrency technology. NuCrypto utilizes the services of an agent in the operation and management of the cryptocurrency business activity. The Group keeps a copy of the records maintained by the agent as well as its own internal tracking of customers' assets for reconciliation purposes. NuCrypto may have a liability to identify customers under consumer protection laws (like any other supplier of goods and services in Brazil) but the agent is obligated to secure the assets and protect them from loss and theft. Furthermore, the agent holds insurance for potential losses which the Group would seek to make claims upon if required, with any benefit obtained being transferred to impacted customers. ● Stress testing program The stress testing program considers shocks/impacts to Nu's main products, such as credit cards, personal loans and funding instruments, in addition to their respective sub-products. Scenarios are considered in which stress is applied in isolation, at different levels of intensity and probability, and also scenarios in which managerial actions are considered to increase the Group's resilience and preserve its capital and liquidity indicators. The proposed scenarios are presented to the Stress Testing Technical Forum. The scenarios to be addressed, duration and severity and plausibility of each shock are discussed, as well as the ways in which they will be modeled and the level of detail required. After modeling and executing the tests, the results are submitted to the appropriate committees and technical forums, an integral part of Nu's risk management structure. The proposed actions aimed at ensuring the Group's resilience are discussed and approved. The Stress Testing Program is updated annually and defines which tests the team must undertake in the next 12 months.

Capital management

Capital management	12 Months Ended
	Dec. 31, 2022
Capital Management
Capital management	30. Capital management The purpose of capital management is to maintain the capital adequacy for Nu's operation through control and monitoring of the capital position, to evaluate the capital necessity according to the risk taken and strategic aim of the organization and to establish a capital planning process in accordance with future requirements of regulatory capital, based on the Group's growth projections, risk exposure, market movements and other relevant information. Also, the capital management structure is responsible for identifying sources of capital, for writing and submitting the capital plan and capital contingent plan for approval by the Executive Directors. At the executive level, the ALM Technical Forum is responsible for approving risk assessment and capital calculation methodologies, and reviewing, monitoring, and recommending capital-related action plans to the Risk Committee. a) Minimum capital requirements In Brazil, the local entities must comply with two different regulatory capital requirements: one for the Financial Conglomerate, led by Nu Financeira and composed of Nu Financeira along with Nu DTVM and Nu Invest, and the other applicable to Nu Pagamentos: ● Financial Conglomerate: minimum level of capital, considering the minimum requirements for financial institutions according to Brazilian Federal Monetary Council (“CMN”) Resolution 4,958/21. ● Nu Pagamentos: minimum level of capital, considering the minimum requirements for payment institutions, according to Circular BCB 3,681/13. In March 2022, BACEN issued Resolution No. 200 which provides new prudential rules for payment institutions requiring a phased implementation that foresees an increase in the capital requirements applicable to credit card operations in Brazil. The Group's management understands that its capital is adequate to comply with the requirement of this new resolution. In September 2021, Nu acquired Nu Mexico Financiera, S.A. de C.V., S.F.P., formerly AKALA, S.A. DE C.V., (“Akala”), a Mexican Financial Cooperative Association ("SOFIPO") and regulated by the CNBV (Comisión Nacional Bancaria Y De Valores). The regulatory capital requirements for this entity are defined by the NICAP metric (“nivel de capitalización”) set by the CNBV, which is comparable to the Basel Ratio methodology. In December 2022, Nu Mexico Financiera got the formal approval from the CNBV to execute the migration of the Credit Card portfolio. A capital injection equivalent to US$603,795 was made in the regulated entity along with the Credit Card portfolio migration to support the transferred Risk Weighted Assets (RWA). The whole Mexican operation will be executed henceforth in the regulated entity. Nu Colombia is in the process of requesting the " Nu implemented a capital management structure with the purpose of maintaining a higher level of capital than the minimum regulatory requirements. b) Composition of capital i) Financial conglomerate in Brazil The regulatory capital used to monitor the compliance of a financial conglomerate with the Basel operating limits imposed by the Brazilian Central Bank, is the sum of two items, as follows: ● Tier I Capital: the sum of Common Equity Tier I, which consists of paid in capital, capital, reserves and retained earnings, less deductions, and prudential adjustments and the Additional Tier I, which consists of subordinated debt instruments without a defined maturity that meet eligibility requirements. ● Tier II Capital: consists of subordinated debt instruments with defined maturity dates that meet eligibility requirements. Together with the Common Equity Tier I it composes the Total Capital. The table below shows the calculation of the capital ratios and their minimum requirement for the Financial Conglomerate, required by the current regulation in Brazil. Schedule of financial conglomerate Financial Conglomerate 2022 2021 Regulatory Capital 1,091,675 485,498 Tier I 905,782 467,225 Common Equity 769,640 467,225 Additional 136,142 - Tier II 185,893 18,273 Risk Weighted Assets (RWA) 5,106,361 2,144,499 Credit Risk (RWA CPAD) 3,958,772 1,891,177 Market Risk (RWA MPAD) 70,159 14,825 Operational Risk (RWA OPAD) 1,077,430 238,497 Capital Required 536,168 225,172 Margin 555,507 260,325 Basel Ratio 21.4% 22.6% RBAN - Capital Required 128,320 896 Margin considering RBAN 427,187 259,429 ii) Nu Pagamentos Nu Pagamentos’ capital management aims to determine the capital needed for its growth and to plan additional sources of capital, to permanently maintain equity in amounts higher than the requirements defined by the Brazilian Central Bank. The subsidiary permanently maintains its shareholders' equity adjusted by the income accounts in an amount corresponding to, at least, the highest amount between i) 2 2 The table below shows the calculation of the capital ratio for Nu Pagamentos, in accordance with current regulation in Brazil. Schedule of capital ratio Nu Pagamentos 2022 2021 Adjusted Equity 1,135,199 570,418 Max Amount 3,923,171 2,487,136 Monthly average of payment transactions 3,923,171 2,487,136 Balance of electronic currencies 1,492,236 1,693,514 Capital Ratio 28.9% 22.9% iii) Nu Mexico Financiera Nu Mexico Financiera’s capital management aims to determine the capital needed for its growth and to plan additional sources of capital, to permanently maintain its Regulatory Capital higher than the requirements defined by the CNBV. As of December 31, 2022, its regulatory capital was equivalent to US$ 428,067 4,435 44.62 10.5

Segment information

Segment information	12 Months Ended
	Dec. 31, 2022
Segment Information
Segment information	31. Segment information In reviewing the operational performance of the Group and allocating resources, the Chief Operating Decision Maker of the Group (“CODM”), who is the Group’s Chief Executive Officer (“CEO”), reviews the consolidated statement of profit (loss) and comprehensive income (loss). The CODM considers the whole Group as a single operating and reportable segment, monitoring operations, making decisions on fund allocation, and evaluating performance. The CODM reviews relevant financial data on a combined basis for all subsidiaries. The Group’s income, results, and assets for this one a) Information about products and services The information about products and services are disclosed in note 6. b) Information about geographical area The table below shows the revenue and non-current assets per geographical area: Schedule of revenue and non-current assets per geographical area Revenue (a) Non-current assets (b) 2022 2021 2020 2022 2021 Brazil 3,121,129 1,285,849 609,232 551,668 491,805 Mexico 201,197 29,546 1,409 17,610 8,235 Colombia 20,369 805 1 5,124 650 Cayman Islands - - - 43,994 831 Germany - - - 88 150 Argentina - - - 46 73 United States 2,398 2,845 - 7,495 6,187 Total 3,345,093 1,319,045 610,642 626,025 507,931 (a) Includes interest income (credit card, lending and other receivables), interchange fees, recharge fees, rewards revenue, late fees and other fees and commission income. (b) Non-current assets are right-of-use assets, property, plant and equipment, intangible assets, and goodwill. The Group had no single customer that represented 10% or more of the Group's revenues in the years ended December 31, 2022, 2021 and 2020.

Non-cash transactions

Non-cash transactions	12 Months Ended
	Dec. 31, 2022
Non-cash Transactions
Non-cash transactions	32. Non-cash transactions Schedule of non cash transactions 2022 2021 2020 Oivia's acquisition - share consideration 36,671 - - Contingent share award termination (note 10b) 355,573 - - Easynvest acquisition - share consideration - 271,229 - Conversion of senior preferred shares into equity - 400,915 - Spin Pay acquisition - share consideration - 6,346 -

Customer crypto safeguarding

Customer crypto safeguarding	12 Months Ended
	Dec. 31, 2022
Customer Crypto Safeguarding
Customer crypto safeguarding	33. Customer crypto safeguarding In March 2022, the Securities and Exchange Commission ("SEC") released Staff Accounting Bulletin (SAB) 121, which addresses the rights and obligations of the parties to a crypto asset safeguarding arrangement. SAB 121 explains that an issuer that has obligations to safeguard digital assets held for their platform users should recognize those digital assets and a liability to return them to the customers, both of which are measured at fair value. In June 2022, the Group launched a platform, through its subsidiary Nu Crypto Ltda. ("Nu Crypto"), which allows clients to trade crypto assets, in partnership with a specialized broker ("Agent"). The custody activity is performed by the Agent, which holds the cryptographic key information, and the Company's contractual arrangements state that its customers retain legal ownership of the crypto; have the right to sell or transfer the crypto assets; and also benefit from the rewards and bear the risks associated with the ownership, including as a result of any crypto price fluctuations. The Company maintains an internal recordkeeping of the crypto assets held for the customers. The Group concluded that its activities may create crypto-asset safeguarding obligations (as defined in SAB 121) to its customers as a result of certain technological, legal and regulatory risks and, therefore, we have recorded a safeguarding liability and a corresponding asset at the fair value of the crypto assets held by customers on the Group’s platform. The Group recorded a crypto safeguarding obligation liability and a corresponding safeguarding asset based on the fair value of the crypto assets held for its customers at December 31, 2022. The Group was not aware of any actual or possible safeguarding loss events as of December 31, 2022, and accordingly, the customer crypto safeguarding liability and the associated customer crypto safeguarding assets were recorded at the same value. The following table summarizes the customer's crypto safeguarding assets: Schedule of customer crypto safeguarding 2022 Total approximate number of crypto held for customers 268,907 Fair value of the crypto-assets held by customers on the Group's platform Bitcoin 10,227 Ethereum 7,823 Matic 181 UNI 82 Total 18,313

Subsequent events

Subsequent events	12 Months Ended
	Dec. 31, 2022
Subsequent Events
Subsequent events	34. Subsequent events a) International Finance Corporation ("IFC") facility Nu Colombia SA has been granted a 3-year facility in the amount of US$ 150 million from IFC (International Finance Corporation), guaranteed by Nu Holdings. The contract was signed in December 2022 and the disbursements started in January 2023. b) Issuance of native crypto token In February 2023, Nu initiated the distribution of NuCoin, which will be the native crypto token issued from Nu that enables the loyalty network ("Nucoin Network") between Nu and its customers. Over time, Nu aims to have other sponsoring companies (“Sponsors”) that commit to use Nucoin as their loyalty program. These Sponsors will be entitled to a certain number of Nucoin to distribute to their customers and will be required to offer benefits to Nucoin holders to incentivize the network adoption and increase the overall utility to the community.

Significant accounting polici_2

Significant accounting policies (Policies)	12 Months Ended
	Dec. 31, 2022
Significant Accounting Policies
Financial instruments	a) Financial instruments Initial recognition and measurement Financial assets and liabilities are initially recognized when the Group becomes a party to the contractual terms of the instrument. The Group determines the classification of its financial assets and liabilities at initial recognition and measures a financial asset or financial liability at its fair value plus or minus, in the case of a financial asset or financial liability not at fair value through profit or loss ("FVTPL"), transaction costs that are incremental and directly attributable to the acquisition or issue of the financial asset or financial liability. Transaction costs of financial assets and financial liabilities carried at fair value through profit or loss are expensed in profit or loss. Immediately after initial recognition, an expected credit loss ("ECL") allowance is recognized for financial assets measured at amortized cost and investments in debt instruments measured at fair value through other comprehensive income ("FVTOCI"), if any. Classification and subsequent measurement Financial assets and financial liabilities are classified as FVTPL where there is a requirement to do so or where they are otherwise designated at FVTPL on initial recognition. Financial assets and financial liabilities which are required to be held at FVTPL include: ● Financial assets and financial liabilities held for trading; ● Debt instruments that do not have solely payments of principal and interest ("SPPI") characteristics. Otherwise, such instruments must be measured at amortized cost or FVTOCI; and ● Equity instruments that have not been designated as held at FVTOCI. Financial assets and financial liabilities are classified as held for trading if they are derivatives or if they are acquired or incurred mainly for the purpose of selling or being repurchased in the near-term, or form part of a portfolio of financial instruments that are managed together and for which there is evidence of short-term profit-taking. In certain circumstances, other financial assets and financial liabilities are designated at FVTPL where this results in the more relevant information. This may arise because it significantly reduces a measurement inconsistency that would otherwise arise from measuring assets or liabilities or recognizing the gains or losses on them on a different basis, where the assets and liabilities are managed and their performance evaluated on a fair value basis or, in the case of financial liabilities, where it contains one or more embedded derivatives which are not closely related to the host contract. The classification and measurement requirements for financial asset debt and equity instruments and financial liabilities are set out below. Financial assets - debt instruments Debt instruments are those instruments that meet the definition of financial liability from the issuer's perspective, such as loans and government and corporate bonds. The classification criteria and subsequent measurement for financial assets depends on the business model for their management and the characteristics of their contractual flows. The business models refer to the way in which the Group manages its financial assets to generate cash flows. In this definition, the following factors are taken into consideration, among others: ● How key management assess and report on the performance of the business model and the financial assets held in the business model; ● The risks that affect the performance of the business model (and the financial assets held in the business model) and, specifically, the way in which these risks are managed; and ● The frequency and volume of sales in previous years, as well as expectations of future sales. Depending on these factors, the asset can be measured at amortized cost, at fair value with changes in other comprehensive income, or at fair value with changes through profit or loss. Business model: When a financial asset is subject to business models (i) and (ii), the application of the SPPI test is required, as explained below. Solely Payments of Principal and Interest – SPPI test: Based on these factors, the Group classifies its instruments into one of the following measurement categories. Amortized cost: Financial assets that are held for collection of contractual cash flows where those cash flows represent SPPI, and that are not designated at FVTPL, are measured at amortized cost. The carrying amount of these assets is adjusted by any ECL recognized and measured. Interest income from these financial assets is included in the statement of profit or loss using the effective interest rate method. When estimates of future cash flows are revised, the carrying amount of the respective financial assets or financial liabilities is adjusted to reflect the new estimate discounted using the original effective interest rate. Any changes are recognized in the statement of profit or loss. FVTOCI: Financial assets that are both held for collection of contractual cash flows, where those cash flows represent SPPI, and for sale, depending on the Company's best interests, which are not designated at FVTPL, are measured at fair value through other comprehensive income ("FVTOCI"). The carrying amount of these assets is adjusted by any ECL recognized and measured. Interest income from these financial assets is included in the statement of comprehensive income or loss using the effective interest rate method. FVTPL: Financial assets that do not meet the criteria for amortized cost or FVTOCI are measured at FVTPL. A gain or loss on a debt instrument that is subsequently measured at FVTPL, including any debt instruments designated at fair value, is recognized in profit or loss, and presented in the statement of profit or loss in the period in which it arises. The Group reclassifies financial assets when and only when its business model for managing those assets changes. The reclassification takes place from the start of the first period following the change. Classification of financial assets for presentation purposes Financial assets are classified by nature into the following items in the consolidated statements of financial position: ● Cash and cash equivalents; ● Securities; ● Collateral for credit card operations; ● Derivative financial instruments; ● Compulsory deposits at central banks; ● Credit card receivables and loans to customers; ● Other financial assets; ● Other receivables; Financial liabilities Financial liabilities are initially classified into the various categories used for management and measurement purposes, unless they have to be presented as liabilities associated with non-current assets held for sale or they relate to hedging derivatives or changes in the fair value of hedged items in portfolio hedges of interest rate risk, which are reported separately. Financial liabilities are included for measurement purposes in one of the following categories: ● Financial liabilities held for trading (at FVTPL): this category includes financial liabilities incurred for the purpose of generating a profit in the near term from fluctuations in their prices and financial derivatives not designated as hedging instruments. ● Financial liabilities designated at FVTPL: financial liabilities are included in this category when they provide more relevant information, either because this eliminates or significantly reduces recognition or measurement inconsistencies (accounting mismatches) that would otherwise arise from measuring assets or liabilities or recognizing the gains or losses on them on different bases, or because a group of financial liabilities or financial assets and liabilities is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy, and information about the group is provided on that basis to the Group’s key management personnel. Liabilities may only be included in this category on the date when they are incurred or originated. This classification is applied to derivatives, financial liabilities held for trading, and other financial liabilities designated as such at initial recognition. The Group has designated the instruments eligible as capital as fair value through profit or loss at its initial recognition. Gains or losses on financial liabilities designated at fair value through profit or loss are presented partially in other comprehensive income (the amount of change in the fair value of the financial liability that is attributable to changes in the credit risk of that liability) and partially in profit or loss (the remaining amount of change in the fair value of the liability). ● Financial liabilities at amortized cost: financial liabilities, irrespective of their instrumentation and maturity, not included in any of the above-mentioned categories which arise from the ordinary borrowing activities carried on by financial institutions. Convertible instruments Convertible instruments, which corresponded to the Company’s senior preferred shares, are separated into the financial liability and equity components based on the terms of the contract. On issuance of the convertible instrument, the fair values of the financial liability components are determined based on their characteristics, using a market rate for an equivalent non-convertible instrument for the contractual obligation to deliver cash and valuation models to the convertible embedded derivative into a variable number of shares. The financial liability due to the obligation to deliver cash is classified as a financial liability measured at amortized cost (net of transaction costs) until it is extinguished on conversion or redemption; and the convertible embedded derivative is measured at fair value and presented as “Derivative financial instruments” in the consolidated statements of financial position. No gain or loss arises from initially recognizing the components of the convertible instrument separately. On conversion of convertible instruments, the Company derecognizes both the liability and derivative components and recognizes them as equity, without any effect in the statement of profit or loss. The expenses relating to the measurement of the financial liability components are presented as "Results with convertible instruments" in the statement of profit or loss. Classification of financial liabilities for presentation purposes Financial liabilities are classified by nature into the following items in the consolidated statements of financial position: ● Derivative financial instruments; ● Instruments eligible as capital; ● Repurchase agreements; ● Deposits; ● Payables to network; ● Borrowings and financing, and securitized borrowings; Credit loss allowance of financial assets The Group calculates an expected credit loss ("ECL") for its financial assets. This way, ECLs should account for forecast elements such as undrawn limits and macroeconomic conditions that might affect the Group’s receivables. The Group calculates different provisions for the financial instruments classified into: ● Stage 1 - no significant increase in credit risk (“SICR”); ● Stage 2 - significant increase in credit risk subsequent to recognition; and ● Stage 3 - credit impaired. Based on these concepts, Nu’s approach was to calculate ECL through the probability of default ("PD"), exposure at default ("EAD") and loss given default ("LGD") methodology. Definitions of stages Stage 1 definition – no significant increase in credit risk All receivables not classified in stages 2 and 3. Stage 2 definition – significant increase in credit risk subsequent to recognition The Group utilizes two guidelines for determining stage 2: (i) absolute criteria: the financial asset is more than 30 (thirty) days in arrears; or (ii) relative criteria: in addition to the absolute criteria, the Group analyzes monthly the evolution of the risk of each financial instrument, comparing the current behavior score attributed to a given client with the one given in the moment of recognition of the financial asset. The behavior score considers credit behavior variables, such as delinquency in other products and market data about the client. A cure criteria is adopted for stage 2, considering if the financial asset is no longer meeting the significant increase in credit risk criteria as stated above. Stage 3 definition – credit impaired Stage 3 definition follows the definition of default: (i) The financial asset is more than 90 (ninety) days in arrears; or (ii) There are indicatives that the financial asset will not be fully paid without a collateral or financial guarantee being triggered. Indication that an obligation will not be fully paid includes forbearance of financial instruments that implies advantages being granted to the counterparty following deterioration in the credit quality of the counterparty. The group also assumes a cure criteria for stage 3, taking into account triggers that access the payment capacity of the counterparty such as the percentage of the total debt paid or time threshold meeting the debt current obligations Lifetime definition The maximum period over which expected credit losses shall be measured is the maximum contractual period over which the entity is exposed to credit risk. For loan commitments, this is the maximum contractual period over which an entity has a present contractual obligation to extend credit. Thus, for the lending product, the lifetime is straightforward, being equal to the number of months for the remaining loan installments to be defaulted on. However, the credit card includes both a loan and an undrawn commitment component and does not have a fixed term or repayment structure. Thus, the period over which to measure expected credit losses are based on historical information and experience about the length of time for related default to occur on similar financial instruments following a significant increase in credit risk. Therefore, a study was conducted for the stage 2 credit cards portfolio tracking over a time period to measure how long it takes for the cumulative default rate to stabilize, understanding this as the moment the entity is not expected to be exposed to credit risk. Forward-looking – macroeconomic scenarios The Group calculates the ECL considering the current and future macroeconomic environment. The macroeconomic forecasts are based on market expectations for the main countries the group operates in and include the variables GDP (Growth Domestic Product), inflation, unemployment and basic interest rate. These forecasts are constantly monitored by the Group. The Group builds models upside and downside scenarios, which are based on the relationships observed historically with changes in credit risk The probability of occurrence and their severity are factored into the estimation of the ECL final number. This methodology allows a timelier response to changes in local or global macroeconomic trends. Measuring ECL The final ECL was calculated using the following parameters: ● PD: it is the likelihood that a receivable will reach default in a time window. For stage 1 customers, PDs are calculated for the next 12-month period, while for stage 2, its calculation is done through the lifetime of the instrument. For stage 3, PD is considered to be 100% since the credit has already defaulted. ● EAD: the discounted balance that, in the event of a default, a customer is expected to have. For revolving facilities, it is a function of the customer’s current limit (total credit exposure) and the expected limit utilization percentage at the moment of default. The expected limit utilization is driven by different customer behavior. In contrast the EAD of a personal loan product is the expected balance value at default after considering the installments payments behavior. ● LGD: the percentage expected not to be recovered from a defaulted balance. This ratio represents the present value of the expected losses, after all recoveries are accounted for, divided by the defaulted balances. ● Discount rate: it is the average effective interest rate calculated using historical data. The parameters mentioned above are segmented in homogeneous risk groups, determined by internal scoring models, relying on, among others, customer behavioral information, internal and external, including delinquency and credit utilization. Governance around ECL The Group’s Credit Risk Team has developed the current ECL method. Monthly results are monitored and discussed in appropriate forums involving credit businesses and finance teams. The Group assesses the performance of ECL estimations through the following methods: ● Back testing: running the model at prior reference dates allows the Group to evaluate how the model’s predictions have paired with actual data. ● Coverage duration: while back testing, the Group analyzes how many months it is covered for losses while provisioning the ECL. Post-Model Adjustments Limitations in the Group's provisions model may be identified, and in these circumstances, Management might suggest appropriate adjustments to the Group's provisions by applying post-model adjustments. Presentation of allowance for ECL in the consolidated statement of financial position Loss allowances for ECL are presented in the consolidated statement of financial position as a deduction from the gross carrying amount of the assets. Any excess of the loss allowance over the gross amount is presented as a provision in “Other liabilities”. Write-off The Group directly reduces the gross carrying amount of a financial asset when it has no reasonable expectation of recovering it in its entirety or a portion thereof. For unsecured loans, a write-off is made when all internal avenues of collecting the debt have been exhausted, and the debt is handed over to external collection agencies or the Group has no reasonable expectation of recovering further amounts . All balances are written-off, and are subject to enforcement activity. Contact is made with customers with the aim of achieving a realistic and sustainable repayment arrangement. Recoveries Recoveries of credit losses are registered as an income, offset against credit losses, and classified in the consolidated statements of profit or loss as “Credit loss allowance expenses”. Modifications of financial assets The factors used by the Group to determine whether there is a substantial modification of a contract are: evaluation if there is a renegotiation that is not part of the original contractual terms, change to contractual cash flows and significant extensions of the term of the transaction due to the debtor's financial constraint and significant changes to the interest rate, among others. The major modifications in the Company’s financial assets correspond to changes in contractual cash flows when credit card receivables, current or revolving, are modified to receivables in installments or changes in the installments profile in loans to customers. These modifications occur as a result of commercial restructuring activity or due to the credit risk of the borrower, an assessment must be performed to determine whether the terms of the new agreement are substantially different from the terms of the existing agreement. This assessment considers both the change in cash flows arising from the modified terms as well as the change in overall instrument risk profile. Where terms are substantially different, the existing receivable will be derecognized and a new one will be recognized at fair value, with any difference in valuation recognized immediately within the statement of profit or loss, subject to observability criteria. Where terms are not substantially different, the receivables carrying value will be adjusted to reflect the present value of modified cash flows discounted at the original effective interest rate, with any resulting gain or loss recognized immediately within the statement of profit or loss. For ECL purposes, any modification that implies a forbearance will be recognized as stage 3. A forbearance implies advantages being granted to the counterparty as a result of deterioration in the credit quality of the counterparty. For this definition, the following are considered advantages (i) any material discounts applied to the current obligation and (ii) changes in prices that do not represent the customer credit risk profile. Derivative financial instruments Derivatives are contracts or agreements whose value is derived from one or more underlying indexes or asset values inherent in the contract or agreement, which require little or no initial net investment and are settled at a future date. Transactions are undertaken in interest rate, cross-currency, and other index related swaps and forwards. Derivatives are held for risk management purposes and are classified as held for trading unless they are designated as being in a hedge accounting relationship. Derivatives are recognized initially at cost (on the date on which a derivative contract is entered into) and are subsequently re-measured at their fair value. Fair values of exchange-traded derivatives are obtained from quoted market prices. Fair values of over-the-counter derivatives are estimated using valuation techniques, including discounted cash flow and option pricing models. A derivative contract is presented as an asset or as a liability according to its fair value at the reporting date, except where netting is permitted. The method of recognizing fair value gains and losses depends on whether derivatives are held for trading or are designated as hedging instruments and, if the latter, the nature of the risks being hedged. Gains and losses from changes in the fair value of derivatives held for trading are recognized in the consolidated statements of profit or loss and included within “Interest income and gains (losses) on financial instruments”. Hedge accounting The Group applies hedge accounting to represent the economic effects of its risk management strategies. At the time a financial instrument is designated as a hedge (i.e., at the inception of the hedge), the Group formally documents the relationship between the hedging instrument(s) and hedged item(s), its risk management objective and strategy for undertaking the hedge. The documentation includes the identification of each hedging instrument and the respective hedged item, the nature of the risk being hedged and how the hedging instrument’s effectiveness in offsetting the exposure to changes in the hedged item’s fair value attributable to the hedged risk is to be assessed. Accordingly, the Group formally assesses, both at the inception of the hedge and on an ongoing basis, whether the hedging derivatives have been and will be highly effective in offsetting changes in the fair value attributable to the hedged risk during the period that the hedge is designated. A hedge is usually regarded as highly effective if, at inception and throughout its life, the Group can expect, and actual results indicate, that changes in the fair value or cash flow of the hedged items are effectively offset by changes in the fair value or cash flow of the hedging instrument. If, at any point, it is concluded that it is no longer highly effective in achieving its documented objective, hedge accounting is discontinued. Where derivatives are held for risk management purposes, and when transactions meet the required criteria for documentation and hedge effectiveness, the derivatives may be designated as either: (i) hedges of the change in fair value of recognized assets or liabilities or firm commitments (fair value hedges); (ii) hedges of the variability in highly probable future cash flows attributable to a recognized asset or liability, or a forecast transaction (cash flow hedges); or (iii) a hedge of a net investment in a foreign operation (net investment hedges). The Group applies cash flow hedge accounting in the subsidiary Nu Pagamentos that is exposed to foreign currency risk (dollar and euro) on forecast transactions, as described below. (i) Cash flow hedge accounting (ii) Portfolio Hedge The Group’s overall hedging strategy is to reduce fair value changes of a portion of the fixed rate portfolio. As such, in order to reflect the dynamic nature of the hedged portfolio, the strategy is to rebalance the future DI contracts and evaluate the allocated amount by the credit portfolio. Additionally, ineffectiveness could arise from the disparity between expected and actual prepayments (prepayment risk). In accordance with its hedging strategy, the Group calculates the DV01 (delta value of a basis point) of the exposure and futures to identify the optimal hedging ratio, and monitors in a timely manner the hedge relationship, providing any rebalancing if needed. The need for the purchase or sale of new future DI contracts will be assessed, to counterbalance the hedged item’s market value adjustment, aiming to assure hedge effectiveness between 80% and 125%, as determined in the hedge documentation. The effectiveness test for the hedge is done in a prospective and retrospective way. In the prospective test, the Group compares the impact of a 1 basis point parallel shift on the interest rate curve (DV01) on the hedged object and on the hedge instrument market value. For the retrospective test, the market-to-market value change since the inception of the hedged object is compared to the hedge instrument. In both cases, the hedge is considered effective if the correlation is between 80% and 125%. For designated and qualifying fair value hedges, the cumulative change in the fair value of the hedging derivative and of the hedged item attributable to the hedged risk is recognized in the consolidated statement of profit or loss in "Interest income and gains (losses) on financial instruments - financial assets at fair value". In addition, the cumulative change in the fair value of the hedged item attributable to the hedged risk is recorded as part of the carrying value of the hedged item in the consolidated statement of financial position. (iii) Hedge of corporate and social security taxes over share-based compensation - The Group applies the cash flow hedge for the hedge structure hence the market risk is replaced by an interest rate risk. The effectiveness assessment is performed monthly by (i) assessing the economic relationship between the hedged item and the hedging instrument; (ii) monitoring the credit risk impact in the hedge effectiveness; and (iii) maintaining or updating the hedging ratio. Given the possibility of forfeiture impacting the future cash forecast of the employee benefit plan, the Group under hedges the exposure to reduce the risk of ineffectiveness. The derivative fair value is measured substantially based on the stock price which is also used in the measurement of the provision or payable for corporate and social security taxes, therefore there is no expectation for a mismatch to exist between the hedged item and hedging instrument at maturity other than the SOFR. Offsetting financial assets and liabilities Financial asset and liability balances, including derivatives, are offset (i.e., reported in the statements of financial position at their net amount) only if the Group entities have a legally enforceable right to set off the recognized amounts and intend either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The Group has not offset financial assets or liabilities.
Fair value	b) Fair value Fair value is defined as the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The fair value accounting guidance provides a three-level fair value hierarchy for classifying financial instruments. This hierarchy is based on the markets in which the assets or liabilities trade and whether the inputs to the valuation techniques used to measure fair value are observable or unobservable. The fair value measurement of a financial asset or liability is assigned a level based on the lowest level of any input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are described below: ● Level 1: Level 2: ● Level 3: The degree of management judgment involved in determining the fair value of a financial instrument is dependent upon the availability of quoted prices in active markets or observable market parameters. When quoted prices and observable data in active markets are not fully available, management judgment is necessary to estimate fair value. Valuation techniques include net present value and discounted cash flow models, comparison with similar instruments for which observable market prices exist, Black-Scholes pricing model and other valuation models. Assumptions and inputs used in valuation techniques include risk-free and benchmark interest rates, credit spreads and other inputs used in estimating discount rates. The availability of observable market prices and model inputs reduces the need for management judgment and estimation and also reduces the uncertainty associated with determining fair values. Changes in market conditions, such as reduced liquidity in the capital markets or changes in secondary market activities, may reduce the availability and reliability of quoted prices or observable data used to determine fair value. Significant judgment may be required to determine whether certain financial instruments measured at fair value are classified as Level 2 or Level 3. In making this determination, the Group considers all available information that market participants use to measure the fair value of the financial instrument, including observable market data, indications of market liquidity and orderliness, and Group’s understanding of the valuation techniques and significant inputs used. Based upon the specific facts and circumstances of each instrument or instrument category, judgments are made regarding the significance of the Level 3 inputs to the instruments’ fair value measurement in its entirety. If Level 3 inputs are considered significant, the instrument is classified as Level 3. The process for determining fair value using unobservable inputs is generally more subjective and involves a high degree of management judgment and assumptions. The Group has in place controls to ensure that the fair value measurements are appropriate and reliable, including review and approval of new transaction types, price verification, and review of valuation judgments, methods, models, process controls, and results. The financial instruments measured at fair value at the reporting date by the level in the fair value hierarchy are disclosed in note 26.
Accounting for acquisitions	c) Accounting for acquisitions Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, which is measured at acquisition date at fair value, and the amount of any non-controlling interests in the acquiree. For each business combination, the Company elects whether to measure the non-controlling interests in the acquiree at fair value, if any, or at the proportionate share of the acquiree’s identifiable net assets. Acquisition-related costs are expensed as incurred and included in administrative expenses. The Company determines that it has acquired a business when the acquired set of activities and assets include an input and a substantive process that together significantly contribute to the ability to create outputs. The acquired process is considered substantive if it is critical to the ability to continue producing outputs, and the inputs acquired include an organized workforce with the necessary skills, knowledge, or experience to perform that process or it significantly contributes to the ability to continue producing outputs and is considered unique or scarce or cannot be replaced without significant cost, effort, or delay in the ability to continue producing outputs. When the Company acquires a business, it assesses the financial assets and liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances, and pertinent conditions as at the acquisition date. Any contingent consideration to be transferred by the acquirer will be recognized at fair value at the acquisition date. Contingent consideration classified as equity is not re-measured and its subsequent settlement is accounted for within equity .
Revenue recognition	d) Revenue recognition Interest income and gains (losses) on financial instruments Interest income on loans, credit card operations (revolving and interest-bearing installment transactions) and short-term investments are calculated using the effective interest method, which allocates interest, and direct and incremental fees and costs over the expected lives of the assets. For the revolving balances, the interest is calculated from the due date of the credit card bill that was not fully paid. Gains (losses) on financial instruments comprises the changes in fair value recognized in the statement of profit or loss. Fee and commission income Fee and commission income are shown net of federal revenue taxes. The underlying principle applied in revenue recognition is to recognize revenue as the Group transfers goods or services to customers at an amount that the Group expects to be entitled to in exchange for those goods or services. i) Interchange fees Interchange fees represent revenues to authorize and provide settlement on credit and debit card transactions processed through the Mastercard networks and are determined as a percentage of the total payment processed. Interchange fees, net of Rewards revenues, are recognized and measured upon recognition of the transaction with the interchange networks, when performance obligation is considered satisfied. The interchange rates agreed with Mastercard are fixed and are dependent on the segment of each merchant. Amount due from Mastercard related to the interchange income is withheld from the amount to be paid to Mastercard. ii) Rewards revenues Reward revenue comprises revenues related to the Nu’s Rewards subscription fee and the related interchange fee, initially apportioned in accordance with the relative stand-alone selling prices of the performance obligation assumed, as described below in item “Deferred income”. It is recorded in the income statement when the performance obligation is satisfied, which is when the reward points are redeemed by the customers. iii) Recharge fees Recharge fees are recognized at the date the customers acquire the right to the telecom services and comprises the selling price of telecom prepaid cards to customers, net of its acquisition costs.
Expense recognition	e) Expense recognition Expenses are recorded in the statement of profit or loss under the accrual method, regardless of receipt or payment.
Cash and cash equivalents	f) Cash and cash equivalents Cash and cash equivalents include (i) bank deposits in local institutions and abroad and highly liquid short-term investments with original maturities up to 90 days, convertible into a known amount of cash, subject to insignificant risk of change in value and used for cash management of short-term commitments and not for investment and financing purposes; and (ii) balances with central banks which are part of the Group’s liquidity management activities .
Credit card receivables	g) Credit card receivables Credit card receivables are reported at their amortized cost, net of the credit card ECL allowance. Chargebacks refer to the amounts disputed by clients generally due to fraud transactions on the Mastercard network process. Losses are recorded based on the estimated amount expected to be reduced from the Group’s client’s receivables when the event impacting the client occurred on activities that the Company is responsible for on the referred network.
Loans to customers	h) Loans to customers Loans to customers are related to Nu’s lending products. The personal loans can be paid in 1 to 48 installments, depending on the conditions agreed on Nu’s app. Loans are reported at their amortized cost, which is the outstanding principal balance, adjusted for any unearned income, unamortized deferred fees and costs, unamortized premiums and discounts, and charge-offs. Loans are reported net of the estimated uncollectible amount (loan ECL allowance) .
Leasing	i) Leasing The Group as a lessee For any new contracts entered on or after January 1, 2019, the Group considers whether a contract is, or contains a lease. A lease is defined as “a contract, or part of a contract, which conveys the right to use an asset (the underlying asset) for a period of time in exchange for consideration”. To apply this definition, the Group assesses whether the contract meets three criteria, which are whether: ● the contract contains an identified asset, which is either explicitly identified in the contract or implicitly specified by being identified at the time the asset is made available to the Group; ● the Group has the right to obtain all of the economic benefits from use of the identified asset throughout the period of use substantially, considering its rights within the defined scope of the contract; and ● the Group has the right to direct the use of the identified asset throughout the period of use. The Group assesses whether it has the right to direct ‘how and for what purpose’ the asset is used throughout the period of use. Measurement and recognition of leases as a lessee At the lease commencement date, the Group recognizes a right-of-use asset and a lease liability on the balance sheet. The right-of-use asset is measured at cost, which is made up of the initial measurement of the lease liability, any initial direct costs incurred by the Group, an estimate of any costs to dismantle and remove the asset at the end of the lease, and any lease payments made in advance of the lease commencement date (net of any incentives received). The Group depreciates the right-of-use assets on a straight-line basis from the lease commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. The Group also assesses the right-of-use asset for impairment when such indicators exist. At the commencement date, the Group measures the lease liability at the present value of the lease payments unpaid at that date, discounted using the interest rate implicit in the lease if that rate is readily available or the Group’s incremental borrowing rate. Lease payments included in the measurement of the lease liability are made up of fixed payments (including in substance fixed), variable payments based on an index or rate, amounts expected to be payable under a residual value guarantee, and payments arising from options reasonably certain to be exercised. Subsequent to initial measurement, the liability will be reduced for payments made and increased for interest. It is re-measured to reflect any reassessment or modification, or if there are changes on in-substance fixed payments. When the lease liability is re-measured, the corresponding adjustment is reflected in the right-of-use asset, or profit and loss if the right-of-use asset is already reduced to zero. The Group has elected to account for short-term leases and leases of low-value assets using the practical expedients. Instead of recognizing a right-of-use asset and lease liability, the payments in relation to these are recognized as an expense in profit or loss on a straight-line basis over the lease term.
Property, plant and equipment and intangible assets	j) Property, plant and equipment and intangible assets Property, plant, and equipment are measured at historical cost less accumulated depreciation. Cost includes expenditures that are directly attributable to the acquisition of the asset and are depreciated from the date they are available for use. Depreciation is calculated to amortize the cost of items of fixed assets less their estimated residual values using the linear method based on the useful economic life of the items and is reviewed annually and adjusted prospectively if appropriate. Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is their fair value at the date of acquisition. Intangible assets, including software and other assets, are recognized if they arise from contractual or other legal rights or if they are capable of being separated or divided from the Group and sold, transferred, licensed, rented, or exchanged. Intangible assets with finite useful lives are amortized on a straight-line basis over their estimated useful lives and are evaluated for impairment whenever events or changes in circumstances indicate the carrying amount of the assets. Directly attributable expenditures related to internally generated intangible assets, mainly software systems, are capitalized from the date on which the entity is able to demonstrate, among others, its technical feasibility, intention to complete, ability to use and can demonstrate probable future economic benefits. Expenditures for improvements in third-party real estate are amortized over the term of the property lease. The useful life of fixed and intangible assets items are as follows: The useful life of fixed and intangible assets Furniture and other office equipment 10 Computer equipment 5 Software 5 Intangible assets arising from business combinations have specific useful lives, determined during purchase price allocation procedures.
Goodwill	k) Goodwill Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred and the amount recognized for any non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed. If the fair value of the net assets acquired is in excess of the aggregate consideration transferred, the Company re-assesses whether it has correctly identified all of the assets acquired and all of the liabilities assumed and reviews the procedures used to measure the amounts to be recognized at the acquisition date. If the reassessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the gain is recognized in profit or loss. Goodwill is not amortized but is tested for impairment annually or more frequently if adverse circumstances indicate that it is more likely than not that the carrying amount exceeds its fair value. These indicators could include a sustained, significant decline in the Company’s stock price, a decline in expected future cash flows, significant disposition activity, a significant adverse change in the economic or business environment, and the testing for recoverability of a significant asset group, among others.
Impairment of non-financial assets	l) Impairment of non-financial assets At each reporting date, or more frequently when events or changes in circumstances dictate, property, plant and equipment and intangible assets with a defined useful life are assessed for indicators of impairment. If indications are present, these assets are subject to an impairment review. The carrying values of property, plant and equipment, goodwill and other intangible assets are written down by the amount of any impairment and the loss is recognized in the statement of profit or loss in the period in which it occurs. A previously recognized impairment loss relating to property, plant and equipment may be reversed in part or in full when a change in circumstances leads to a change in the estimates used to determine the property, plant, and equipment recoverable amount. The carrying amount of the property, plant and equipment will only be increased up to the amount that would have been had the original impairment not been recognized.
Other assets	m) Other assets Other assets include the amount of assets not recorded in other items, including prepaid expenses and deferred expenses. Deferred expenses are mostly related to certain issuance costs incurred on the credit and debit card operations, as embossing and shipping costs, among others. Card issuance costs are amortized over the card's expected life, adjusted for any cancellations.
Deposits	n) Deposits Corresponds to amounts deposited by customers mainly in: (i) “NuConta”; (ii) Bank Receipt of Deposits ("RDB") and Linked Bank Receipt of Deposits (“RDB-V”); (iii) Time deposits; and (iv) Other deposits. For those deposits, the interest expense is recognized using the effective interest rate method.
Payables to network	o) Payables to network Payables to networks correspond to financial liabilities recognized at amortized cost to be paid through clearing houses to the credit card brand Mastercard and to other clearing houses that are also part of the credit card network.
Borrowings and financing	p) Borrowings and financing Correspond to borrowings obtained with third parties that are initially recognized at cost and subsequently at amortized cost using the effective interest rate.
Deferred income	q) Deferred income Primarily comprises revenues related to the Rewards which is initially apportioned, from the interchange and reward fees charged to customers, in accordance with the relative stand-alone selling prices of the performance obligation assumed. The revenues apportioned are recorded as deferred income until it is recorded in the income statement when the performance obligation is satisfied. Deferred income also contains amounts related to the rewards fees which are paid annually by customers until they are earned by the Company and are included on the Rewards revenue apportion calculation. The Group evaluates the deferred income amount and the assumptions based on developments in redemption patterns, changes to the terms and conditions of the rewards program and other factors .
Provisions and contingent assets and liabilities	r) Provisions and contingent assets and liabilities Provisions are accounted to cover present obligations at the reporting date arising from past events which could give rise to a loss for the Group, which is considered probable to occur and certain as to its nature but uncertain as to its amount and/or timing. Contingent liabilities are possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more future events not wholly within the control of the Group. Contingent liabilities also include possible obligations of the Company and its subsidiaries for which it is not probable that an outflow of resources embodying economic benefits will be required to settle them and, therefore, the Group does not recognize a liability. Instead, the Group disclose in the financial statements the contingent liability, unless the possibility of an outflow of resources embodying economic benefits is remote. Contingent assets are possible assets that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more future events not wholly within the control of the Group. Contingent assets are not recognized in the consolidated statement of financial position or in the consolidated statement of profit or loss, but rather are disclosed in the notes, provided that it is probable that these assets will give rise to an increase in resources embodying economic benefits. These consolidated financial statements include all the material provisions with respect to which it is considered that it is probable to occur and to be settled. Provisions are quantified on the basis of the best information available on the consequences of the event giving rise to them and are reviewed and adjusted at each reporting period and are fully or partially reversed when such obligations cease to exist or are reduced.
Provision for lawsuits and administrative proceedings	s) Provision for lawsuits and administrative proceedings The Company and its subsidiaries are subject to certain court and administrative proceedings arising from the ordinary course of their operations. Those proceedings are classified according to their likelihood of loss as: ● Probable ● Possible ● Remote The amount of court escrow deposits is adjusted in accordance with current legislation.
Other liabilities	t) Other liabilities Other liabilities include the balances of any other liabilities not included in other categories.
Share premium reserve	u) Share premium reserve Share premium is the difference between the fair value of the consideration receivable for the issue of shares and the nominal value of the shares. The share premium account can only be used for limited purposes.
Share-based payments	v) Share-based payments The Group maintains a long-term incentive plan, structured through grants of stock options (“SOPs”), restricted stock units (“RSUs”) and awards linked to market conditions ("Awards"). The objective is to provide to the Group's employees the opportunity to become shareholders of the Company, creating greater alignment of the interests of key employees with those of shareholders and allowing the Group to attract and retain key employees. These share-based payments are classified as equity-settled share-based payment transactions. Share-based payments expenses are recorded based on the fair value at the grant date. Following the IPO, the fair value is determined based on the publicly traded share price, and before that date, it was estimated using different valuation models. Significant judgment is required when determining the inputs into the fair value model. The fair values of SOPs, RSUs and Awards granted are recognized as an expense over the period in which they vest for SOP and RSUs or expected to vest for Awards. The vesting requirements are basically related to the passage of time for SOPs and RSUs and market conditions and passage of time for Awards. The Group recognizes the expenses considering the individual vesting tranches of the SOPs and RSUs. The Group revises its estimate of the number of SOPs and RSUs that will vest based on the historical experience at each reporting period. The Group recognizes the impact of the revision to original estimates, if any, in the statement of profit or loss and the accumulated loss reserve in equity. The Awards' expected vesting period is not subsequently revised, and the expenses are recorded irrespective of whether that market condition is satisfied.
Short-term employee benefits	w) Short-term employee benefits Short-term employee benefit obligations are measured on an undiscounted basis and are incurred as an expense as the corresponding service is provided. The liability is recognized for the amount expected to be paid for the short-term if there is a present legal or constructive obligation to pay and if the amount can be estimated reliably.
Income taxes, including deferred taxes	x) Income taxes, including deferred taxes Income tax payable on profits, based on the applicable tax law in each jurisdiction, is recognized as an expense in the period in which profits arise. The tax expense represents the sum of the income tax currently payable and deferred income tax. Nu Holdings is incorporated in the Cayman Islands which does not impose corporate income taxes or tax capital gains. In Brazil, the country in which the Group’s most significant subsidiaries operate, income tax is comprised of IRPJ (income tax for companies) and CSLL (social contribution on profits), with rates as shown below . CSLL (social contribution on profits), with rates as shown below Tax Rate (2022) Rate (2021) Income tax - IRPJ 15 10 15 10 Social contribution - CSLL 15 16 15 Taxable profit differs from net profit as reported in the statement of profit or loss because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date. Current tax liability for the current or prior period is measured at the amount expected to be paid to the tax authorities. The Group considers whether it is probable that a taxation authority will accept an uncertain tax treatment. If the Group considers probable that the taxation authority will accept an uncertain tax treatment, the Group determines the taxable profit (tax loss), tax bases, unused tax losses, unused tax credits or tax rates consistently with the tax treatment used or planned to be used in its income tax filings. When the Group concludes that it is not probable that the taxation authority will accept an uncertain tax treatment, the effect of uncertainty is reflected in determining the related taxable profit (tax loss), tax bases, unused tax losses, unused tax credits or tax rates using either of the following methods: ● the most likely amount - the single most likely amount in a range of possible outcomes or ● the expected value - the sum of the probability-weighted amounts in a range of possible outcomes. Deferred income tax is the tax expected to be payable or recoverable on income tax losses available to carry forward and on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. It is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognized for all temporary taxable differences, and deferred tax assets are recognized to the extent that it is probable that taxable profits will be available against which the assets may be utilized as they reverse. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled, or the asset is realized based on rates enacted or substantively enacted at the balance sheet date. Deferred tax is charged or credited in the statement of profit or loss, except when it relates to items recognized in other comprehensive income or directly in equity, in which case the deferred tax is also recognized in other comprehensive income or directly in equity. The Group reviews the carrying amount of deferred tax assets at each balance sheet date and reduces it to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax relating to fair value re-measurements of financial instruments accounted for at FVTOCI and cash flow hedging instruments is charged or credited directly to other comprehensive income and is subsequently recognized in the statement of profit or loss when the deferred fair value gain or loss is recognized in the statement of profit or loss. Deferred and current tax assets and liabilities are only offset when they arise in the same tax reporting group and where there is both the legal right and the intention to settle on a net basis or to realize the asset and settle the liability simultaneously.
Earnings per share	y) Earnings per share Basic earnings per share is calculated by dividing the profit attributable to owners of the Company by the weighted average number of ordinary shares outstanding during the year, excluding treasury shares. Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account the after income tax effect of interest and other financing costs associated with dilutive potential ordinary shares, and the weighted average number of additional ordinary shares that would have been outstanding assuming the conversion of all dilutive potential ordinary shares.
Crypto currency	z) Crypto currency The Company accounts for investment in crypto currency as intangible assets based on the cost of acquisition, adjusted for impairment. The cost of the crypto assets includes the purchase price and related transaction costs.
Customer crypto safeguarding	aa) Customer crypto safeguarding The Group accounts for a safeguarding liability and a corresponding asset both at the fair value of the crypto assets held by customers on the Group's platform. Assets and liabilities have the same value and do not impact the income statement, unless there are losses related to the safeguarding activity.

Operations (Tables)

Operations (Tables)	12 Months Ended
	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Schedule of net cash outflow on acquisition	Schedule of net cash outflow on acquisition US$ Consideration paid in cash 10,554 (-) Cash and cash equivalent balances acquired (208) Net cash outflow 10,346
Reconciliation of intangible assets and goodwill shown in the consolidated statements of financial position	Reconciliation of intangible assets and goodwill shown in the consolidated statements of financial position 2022 2021 Goodwill Intangible assets Goodwill Intangible assets Intangibles related to acquisitions Easynvest's acquisition 381,125 34,086 392,989 45,061 Cognitect's acquisition 831 2,673 831 4,889 Spin Pay's acquisition 5,060 6,044 5,372 8,048 Akala's acquisition - - 2,680 - Olivia's acquisition 10,381 40,689 - - Other intangible assets - 98,672 - 14,339 Total 397,397 182,164 401,872 72,337
Olivias Acquisition [Member]
IfrsStatementLineItems [Line Items]
Schedule of fair value	Schedule of fair value Fair value recognized on acquisition - US$ Identifiable assets and liabilities Cash and cash equivalents 208 Other assets 615 Intangible assets 42,421 Liabilities (6,400) Total identifiable net assets at fair value 36,844 Goodwill arising on acquisition 10,381 Purchase consideration transferred 47,225 Equity consideration 36,671 Cash consideration 10,554

Basis of consolidation (Tables)

Basis of consolidation (Tables)	12 Months Ended
	Dec. 31, 2022
Basis Of Consolidation
These consolidated financial statements include the subsidiaries	These consolidated financial statements include the subsidiaries December 31 Entity Control Principal activities Functional currency Country 2022 2021 2020 Nu BN México, S.A. de CV (“Nu Mexico”) Indirect Multiple purpose financial company MXN Mexico 100 100 100 Nu BN Servicios México, S.A. de CV (“Nu Servicios") Indirect Credit card operations MXN Mexico 100 100 100 Nu BN Tecnologia, S.A de CV (“Nu Tecnologia”) Indirect Computer consulting service MXN Mexico 100 100 100 Nu Colombia S.A. (“Nu Colombia”) Indirect Credit card operations COP Colombia 100 100 100 Cognitect, Inc. ("Cognitect") Direct Technology E-Hub US$ USA 100 100 100 Nu Pagamentos S.A. - Instituição de Pagamentos (“Nu Pagamentos”) Indirect Credit card and prepaid account operations BRL Brazil 100 100 100 Nu Financeira S.A. – SCFI (“Nu Financeira”) Indirect Loan operations BRL Brazil 100 100 100 Nu Asset Management Ltda. (“Nu Asset”) - former "Nu Investimentos" Indirect Fund manager BRL Brazil 100 100 100 Nu Distribuidora de Titulos e Valores Mobiliarios Ltda. ("Nu DTVM") Indirect Securities distribution BRL Brazil 100 100 100 Nu Produtos Ltda. ("Nu Produtos") Indirect Insurance commission BRL Brazil 100 100 100 Nu Invest Corretora de Valores S.A ("Nu Invest") - former “Easynvest TCV" Indirect Investment platform BRL Brazil 100 100 - Nu Corretora de Seguros Ltda. ("Nu Corretora de Seguros") - former “Easynvest Corretora" Indirect Insurance commission BRL Brazil 100 100 - Nu Plataformas - Intermediação de Negocios e Serviços Ltda ("Nu Plataforma") Indirect Services platform BRL Brazil 100 100 - Nu Tecnologia S.A ("Nu Tecnologia") Direct Talent E-Hub UYU Uruguay 100 100 - Nu México Financiera, S.A. de C.V., S.F.P. ("Nu Financiera") - former “Akala” Indirect Multiple purpose financial company MXN Mexico 100 100 - Nu Pay for Business Instituição de Pagamentos Ltda. ("Spin Pay") Indirect Payment hub BRL Brazil 100 100 - Olivia AI do Brasil Instituição de Pagamento Ltda. ("Olivia Pagamentos") Indirect AI Fintech BRL Brazil 100 - - Nu Crypto Ltda. Indirect Crypto distribution BRL Brazil 100 - - Nu Colombia Compañía de Financiamiento S.A. Indirect Financial intermediary COP Colombia 100 - - Nu Brasil Serviços Ltda. Indirect Administrative Services BRL Brazil 100 - - Nu Brasil Tecnologia Ltda Indirect Information Technology Activities BRL Brazil 100 - -
Additional details of consolidated investment fund	Additional details of consolidated investment fund Name of the entity Country Fundo de Investimento Ostrum Soberano Renda Fixa Referenciado DI (“Fundo Ostrum”) Brazil

Significant accounting polici_3

Significant accounting policies (Tables)	12 Months Ended
	Dec. 31, 2022
Significant Accounting Policies
The useful life of fixed and intangible assets	The useful life of fixed and intangible assets Furniture and other office equipment 10 Computer equipment 5 Software 5
CSLL (social contribution on profits), with rates as shown below	CSLL (social contribution on profits), with rates as shown below Tax Rate (2022) Rate (2021) Income tax - IRPJ 15 10 15 10 Social contribution - CSLL 15 16 15

Significant accounting judgme_2

Significant accounting judgments, estimates and assumptions (Tables)	12 Months Ended
	Dec. 31, 2022
Significant Accounting Judgments Estimates And Assumptions
Schedule of forecast	Schedule of forecast Weighted Upside Base case Downside Credit card and lending ECL 1,350,891 1,262,010 1,332,708 1,458,974
Schedule of carrying amount and assumptions	Schedule of carrying amount and assumptions CGU Carrying amount Goodwill at December 31, 2022 Discount rate (%) Growth rate (%) Investment (i) 423,473 381,125 14.5 3.4 (i) Includes Nu Invest, Nu Corretora de Seguros and Nu Asset.

Income and related expenses (Ta

Income and related expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Income And Related Expenses
Interest income and gains (losses) on financial instruments	Interest income and gains (losses) on financial instruments 2022 2021 2020 Interest income – credit card 1,014,875 357,831 217,356 Interest income - lending 932,196 292,701 38,926 Interest income – other assets at amortized cost 388,736 66,202 37,833 Interest income – other receivables 161,004 17,236 149 Interest income and gains (losses) on financial instruments at fair value 1,058,402 312,776 88,658 Financial assets at fair value 1,087,619 309,196 84,819 Other (29,217) 3,580 3,839 Total interest income and gains (losses) on financial instruments 3,555,213 1,046,746 382,922
Fee and commission income	Fee and commission income 2022 2021 2020 Interchange fees 917,373 471,505 254,327 Recharge fees 77,469 48,378 15,287 Rewards revenue 22,438 26,857 23,524 Late fees 104,499 49,951 31,237 Other fee and commission income 115,239 65,766 29,836 Customer Program ("NuSócios") (note 1b) - (11,180) - Total fee and commission income 1,237,018 651,277 354,211
Interest and other financial expenses	Interest and other financial expenses 2022 2021 2020 Interest expense on deposits 1,407,898 317,420 87,325 Other interest and similar expenses 140,005 49,924 26,599 Interest and other financial expenses 1,547,903 367,344 113,924
Transactional expenses	Transactional expenses 2022 2021 2020 Bank slip costs 33,963 36,149 46,480 Rewards expenses 42,422 36,885 29,624 Credit and debit card network costs 54,987 22,705 24,986 Other transactional expenses 45,055 21,380 25,725 Total transactional expenses 176,427 117,119 126,815

Credit loss allowance expenses

Credit loss allowance expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Credit Loss Allowance Expenses
Schedule of credit loss allowance expenses	Schedule of credit loss allowance expenses 2022 2021 2020 Net increase of loss allowance (note 13) 939,079 311,601 160,770 Recovery (31,491) (22,494) (18,202) Credit card receivables 907,588 289,107 142,568 Net increase of loss allowance (note 14) 501,843 192,078 27,020 Recovery (4,520) (542) (103) Loans to customers 497,323 191,536 26,917 Total 1,404,911 480,643 169,485

Operating expenses (Tables)

Operating expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Operating Expenses
Schedule of operating expenses	Schedule of operating expenses 2022 Customer support and operations General and administrative expenses Marketing expenses Other income (expenses) Total Infrastructure and data processing costs 132,163 144,341 - - 276,504 Credit analysis and collection costs 54,239 39,773 - - 94,012 Customer services 74,438 9,559 - - 83,997 Salaries and associated benefits 48,661 275,117 15,430 - 339,208 Credit and debit card issuance costs 13,174 43,689 - - 56,863 Share-based compensation (note 10a) - 286,450 - - 286,450 Specialized services expenses - 39,842 - - 39,842 Other personnel costs 8,553 41,494 1,425 - 51,472 Depreciation and amortization 3,965 31,616 - - 35,581 Marketing expenses - - 136,142 - 136,142 Others (i) 170 65,813 - 150,264 216,247 Subtotal 335,363 977,694 152,997 150,264 1,616,318 Share-based compensation - contingent share award termination (note 10b) (ii) - 355,573 - - 355,573 Total 335,363 1,333,267 152,997 150,264 1,971,891 2021 Customer support and operations General and administrative expenses Marketing expenses Other income (expenses) Total Infrastructure and data processing costs 70,928 63,833 - - 134,761 Credit analysis and collection costs 34,026 25,843 - - 59,869 Customer services 48,122 6,923 - - 55,045 Salaries and associated benefits 19,898 185,715 7,522 - 213,135 Credit and debit card issuance costs 13,711 25,445 - - 39,156 Share-based compensation (note 10a) - 225,445 - - 225,445 Specialized services expenses - 29,200 - - 29,200 Other personnel costs 2,253 18,452 277 - 20,982 Depreciation and amortization 1,217 16,122 - - 17,339 Marketing expenses - - 71,775 - 71,775 Others (i) 354 31,923 - 4,097 36,374 Total 190,509 628,901 79,574 4,097 903,081 2020 Customer support and operations General and administrative expenses Marketing expenses Other income (expenses) Total Infrastructure and data processing costs 45,725 29,111 - - 74,836 Credit analysis and collection costs 21,737 12,352 - - 34,089 Customer services 34,075 5,488 - - 39,563 Salaries and associated benefits 13,862 95,060 2,807 - 111,729 Credit and debit card issuance costs 6,074 11,822 - - 17,896 Share-based compensation (note 10a) - 56,273 - - 56,273 Specialized services expenses - 17,429 - - 17,429 Other personnel costs 1,827 10,121 140 - 12,088 Depreciation and amortization 79 7,351 - - 7,430 Marketing expenses - - 16,479 - 16,479 Others (i) 571 21,017 - 9,535 31,123 Total 123,950 266,024 19,426 9,535 418,935 (i) "Others" mainly includes federal taxes on financial income, taxes related to transfer pricing and exchange rate variation. (ii) The termination of the 2021 Contingent Share Award resulted in a one-time, non-cash recognition of expenses in the total amount of US$ 355,573

Loss per share (Tables)

Loss per share (Tables)	12 Months Ended
	Dec. 31, 2022
Loss Per Share
Schedule of earnings per share	Schedule of earnings per share 2022 2021 2020 Loss attributable to shareholders of the parent company (364,578) (164,993) (171,491) Weighted average outstanding shares - ordinary shares - basic (thousands) 4,676,941 1,602,126 1,315,578 Adjustment for the basic earnings per shares: Deferred M&A shares that will be issued based on the passage of time only 36 - - Total weighted average of ordinary outstanding shares for basic and diluted EPS (in thousands of shares) 4,676,977 1,602,126 1,315,578 Loss per share – basic and diluted (US$) (0.0780) (0.1030) (0.1304) Antidilutive instruments not considered in the weighted number of shares (in thousands of shares) 184,362 334,436 405,394

Share-based payments (Tables)

Share-based payments (Tables)	12 Months Ended
	Dec. 31, 2022
Share-based Payments
The changes in the number of SOPs and RSUs are as follows. WAEP is the weighted average exercise price and WAGDFV is the weighted average fair value at the grant date	The changes in the number of SOPs and RSUs are as follows. WAEP is the weighted average exercise price and WAGDFV is the weighted average fair value at the grant date SOPs 2022 WAEP (US$) 2021 WAEP (US$) 2020 WAEP (US$) Outstanding on January 1 143,889,439 0.55 42,515,821 1.58 51,034,938 0.91 Granted during the year - - 1,141,362 23.75 3,376,767 9.92 Exercised during the year (37,095,966) 0.12 (18,822,551) 0.38 (6,804,750) 0.24 Forfeited during the year (5,517,146) (853,059) (5,091,134) Balances before 6-for-1 forward share split 101,276,327 0.72 23,981,573 3.01 42,515,821 1.58 Issuance of options due to 6-for-1 forward split - 119,907,866 - Outstanding on December 31 101,276,327 0.72 143,889,439 0.55 42,515,821 1.58 Exercisable on December 31 81,813,095 0.55 101,416,310 0.33 30,190,826 0.56 RSUs 2022 WAGDFV (US$) 2021 WAGDFV (US$) 2020 WAGDFV (US$) Outstanding on January 1 80,924,937 4.82 5,294,454 10.47 - Granted during the year 32,294,522 5.47 13,103,243 36.65 6,048,335 10.45 Vested during the year (27,322,614) 3.64 (3,092,289) 15.06 (430,680) 10.46 Forfeited during the year (13,494,950) (1,817,919) (323,201) Balances before 6-for-1 forward share split 72,401,895 5.46 13,487,489 28.91 5,294,454 10.47 Issuance of RSUs due to 6-for-1 forward split - 67,437,448 Outstanding on December 31 72,401,895 5.46 80,924,937 4.82 5,294,454 10.47
Schedule of share-based compensation granted, excluding the effects of the contingent share award termination	Schedule of share-based compensation granted, excluding the effects of the contingent share award termination 2022 2021 2020 SOP and RSU expenses and related corporate and social security taxes expenses 126,167 151,115 42,981 RSUs and SOPs grant - business combination 43,116 45,597 4,946 Awards expenses and related taxes, prior to the cancelation 113,172 28,733 8,346 Fair value adjustment - hedge of corporate and social security taxes (note 18) 3,995 - - Total share-based compensation expenses (note 8) 286,450 225,445 56,273 Share-based payments granted, net of shares withheld for employee taxes 201,991 139,025 40,861 2022 2021 2020 Liability provision for taxes presented as salaries, allowances and social security contributions 32,554 61,772 10,334
The following table presents additional information relating to the SOP characteristics and the valuation model	The following table presents additional information relating to the SOP characteristics and the valuation model 2022 2021 2020 Weighted average fair value of options granted during the year (US$) - 2.58 7.45 Weighted average share fair value of options granted during the year (US$) - 3.97 10.53 Exercise price of options granted during the year (US$) - 3.98 6.70 10.4 Expected volatility in valuation of options granted during the year (%) - 72.5 75.0 69.5 77.9 Risk–free interest rate p.y. in valuation of options granted during the year (%) - 0.5 1.3 1.7 Weighted average share price at the date of exercise of options during the year (US$) 7.72 6.38 10.6 Weighted average remaining contractual life of options outstanding at year-end (years) 4.8 5.7 6.0 Range of exercise prices of options outstanding at year end (US$) Zero to US$ 0.10 45.07 51.96 68.60 US$ 0.11 to US$ 0.50 28.20 28.58 22.20 US$ 0.51 to US$ 15.00 26.73 19.46 9.20 Greater than US$ 15.01 - - - Total cash to be received upon exercise of SOPs outstanding at year end Vested 44,849 33,437 16,761 Unvested 28,169 46,146 50,375 (*) After the 6-for-1 forward share split.
The following table presents additional information relating to the RSUs and Awards characteristics and the valuation model	The following table presents additional information relating to the RSUs and Awards characteristics and the valuation model 2022 2021 Most relevant vesting periods for the grants outstanding 3 years 53.52 49.70 5 years 39.95 44.50 Volatility (%) - 68.0 75.0 Discount for the lack of marketability (%) - 17.0 19.0 Risk free interest rate (%) - 0.06 0.11 Awards vesting period Up to 3.2 years Up to 7.4 years
Schedule of contingent share award	Schedule of contingent share award 2022 Contingent share award termination 355,573

Cash and cash equivalents (Tabl

Cash and cash equivalents (Tables)	12 Months Ended
	Dec. 31, 2022
Cash and cash equivalents [abstract]
Schedule of cash and cash equivalents	Schedule of cash and cash equivalents 2022 2021 Reverse repurchase agreement in foreign currency 59,519 1,115,805 Short-term investments 153,743 1,412,901 Voluntary deposits at central banks 2,451,150 - Bank balances 1,506,727 174,142 Other cash and cash equivalents 1,177 2,827 Total 4,172,316 2,705,675

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2022
Securities Abstract
Financial instruments at FVTPL	Financial instruments at FVTPL 2022 2021 Breakdown by maturity Financial instruments at FVTPL Maturity Cost Fair Value No maturity Up to 12 months Over 12 months Fair Value Government bonds (i) Brazil 03/27 159 163 - 163 - 571,753 Total government bonds 159 163 - 163 - 571,753 Corporate bonds and other instruments Bill of credit (LC) 10/22 - 02/25 138 138 - 138 - 14 Certificate of bank deposits (CDB) 10/22 - 02/25 3,765 3,712 - 2,990 722 81,810 Real estate and agribusiness letter of credit 10/22 - 07/26 1,196 1,197 - 668 529 1,508 Corporate bonds and debentures 01/23 - 05/44 46,896 46,680 - - 46,680 120,859 Equity instrument (ii) 12,483 22,082 22,082 - - 30,735 Investment funds - - - - - 9,125 Stocks issued by public-held company - - - - - 158 Time deposit 905 905 905 - - - Real estate and agribusiness certificate of receivables 01/23 - 08/37 17,352 16,976 - 21 16,955 - Total corporate bonds and other instruments 82,735 91,690 22,987 3,817 64,886 244,209 Total financial instruments at FVTPL 82,894 91,853 22,987 3,980 64,886 815,962 2022 2021 Amounts in Amounts in Financial instruments at FVTPL Original Currency US$ Original Currency US$ Currency: Brazilian Reais 334,783 63,401 3,718,139 666,835 U.S. Dollars 6,370 6,370 118,392 118,392 Others 1,826,954 22,082 2,364,231 30,735 Total 91,853 815,962 (i) Government bonds are mainly composed of Financial Treasury Bills ("LFTs") and National Treasury Bills ("LTNs"), which had an average return of 101.69 106.3 (ii) Refers to an investment in Jupiter, a neobank for consumers in India, and an investment in Din Global ("dBank"), a Pakistani fintech company. As of December 31, 2022, the total fair value of these investments corresponded to US$22,082 (US$30,735 on December 31, 2021), classified as level 3 in the fair value hierarchy, as described in note 26.
Financial instruments at FVTOCI	Financial instruments at FVTOCI 2022 2021 Maturities Financial instruments at FVTOCI Maturity Cost Fair Value No maturity Up to 12 months Over 12 months Fair Value Government bonds (i) Brazil 03/23 - 09/28 8,214,332 8,222,115 - 2,593,462 5,628,653 6,074,435 United States of America 12/22 - 08/25 175,182 171,184 - - 171,184 830,124 Colombia 02/24 - - - - - 504 Mexico 01/26 1,509 1,382 - - 1,382 - Total government bonds 8,391,023 8,394,681 - 2,593,462 5,801,219 6,905,063 Corporate bonds and other instruments Corporate bonds and debentures 01/23 - 10/70 810,744 788,948 - 105,581 683,367 924 Investment funds 03/24 302,779 302,779 35,527 - 267,252 137,759 Time deposit 01/23 - 06/23 446,540 445,531 - 445,531 - 1,119,682 Real estate and agribusiness certificate of receivables 15,198 15,199 - - 15,199 - Total corporate bonds and other instruments 1,575,261 1,552,457 35,527 551,112 965,818 1,258,365 Total financial instruments at FVTOCI 9,966,284 9,947,138 35,527 3,144,574 6,767,037 8,163,428 2022 2021 Amounts in Amounts in Financial instruments at FVTOCI Original Currency US$ Original Currency US$ Currency: Brazilian Reais 45,527,868 8,622,049 34,643,103 6,213,118 U.S. Dollars 1,323,707 1,323,707 1,949,806 1,949,806 Others 26,949 1,382 10,347 504 Total 9,947,138 8,163,428 (i) Includes US$2,252,464 (US$2,082,519 on December 31, 2021) held by the subsidiaries for regulatory purposes, as required by the Brazilian Central Bank. It also includes Brazilian government securities margins pledged by the Group for transactions on the Brazilian stock exchange in the amount of US$160,485 (US$116,254 on December 31, 2021). Government bonds are classified as Level 1 in the fair value hierarchy, as described in note 26.

Credit card receivables (Tables

Credit card receivables (Tables)	12 Months Ended
	Dec. 31, 2022
Credit Card Receivables
Composition of receivables	Composition of receivables 2022 2021 Receivables - current (i) 4,236,235 2,341,492 Receivables - installments (i) 4,259,979 2,483,647 Receivables - revolving (ii) 770,011 337,014 Total receivables 9,266,225 5,162,153 Fair value adjustment - portfolio hedge (note 18) (51) - Total 9,266,174 5,162,153 Credit card ECL allowance Presented as deduction of receivables (1,033,102) (381,633) Presented as "Other liabilities" (17,566) (9,046) Total credit card ECL allowance (1,050,668) (390,679) Receivables, net 8,215,506 4,771,474 Total receivables presented as assets 8,233,072 4,780,520 (i) "Receivables - current" is related to purchases made by customers due on the next credit card billing date, and pix financing in one installment. "Receivables - installments" is related to purchases in installments which are financed by the merchant. Cardholder's purchase is paid in up to 12, 24 and 36 in Brazil, Mexico and Colombia, respectively, in monthly installments on purchases in installments. Cardholder's credit limit is reduced whenever there is a transaction by the customer. The Group makes the corresponding payments to the credit card network (see note 21) following a similar schedule. As receipts and payments are aligned, the Group does not incur significant financing costs with this product, however it is exposed to the credit risk of the cardholder as it is obliged to make the payments to the credit card network even if the cardholder does not pay. "Receivables - installments" also includes the amounts of credit card bills not fully paid by the customers and that have been converted into payments in installments with a fixed interest rate ( fatura parcelada (ii) "Receivables - revolving" is related to the amounts due from customers that have not paid in full their credit card bill. Customers may request to convert these receivables into loans to be paid in installments. In accordance with Brazilian regulation, revolving balances that are outstanding for more than 2 months are mandatorily converted into fatura parcelada .
Breakdown by maturity	Breakdown by maturity 2022 2021 Amount % Amount % Installments not overdue due in: <= 30 days 4,036,414 43.6 2,401,149 46.5 30 < 60 days 1,604,056 17.3 904,864 17.5 > 60 days 2,823,966 30.5 1,579,010 30.6 Total not overdue installments 8,464,436 91.3 4,885,023 94.6 Installments overdue by: <= 30 days 237,531 2.6 77,527 1.5 30 < 60 days 91,604 1.0 34,476 0.7 60 < 90 days 74,917 0.8 26,747 0.5 > 90 days 397,737 4.3 138,380 2.7 Total overdue installments 801,789 8.7 277,130 5.4 Total 9,266,225 100.0 5,162,153 100.0
Schedule of majority of the Group's credit card portfolio being classified as stage 1, followed by stages 2 and 3, respectively	Schedule of majority of the Group's credit card portfolio being classified as stage 1, followed by stages 2 and 3, respectively 2022 Gross Exposures % Credit Loss Allowance % Coverage Ratio (%) Stage 1 7,750,270 83.6 322,970 30.7 4.2 Stage 2 917,178 9.9 254,181 24.2 27.7 Absolute Trigger (Days Late) 215,209 23.5 140,167 55.1 65.1 Relative Trigger (PD deterioration) 701,969 76.5 114,014 44.9 16.2 Stage 3 598,777 6.5 473,517 45.1 79.1 Total 9,266,225 100.0 1,050,668 100.0 11.3 2021 Gross Exposures % Credit Loss Allowance % Coverage Ratio (%) Stage 1 4,525,689 87.7 127,358 32.6 2.8 Stage 2 440,105 8.5 126,392 32.4 28.7 Absolute Trigger (Days Late) 131,409 29.9 61,844 48.9 47.1 Relative Trigger (PD deterioration) 308,696 70.1 64,548 51.1 20.9 Stage 3 196,359 3.8 136,929 35.0 69.7 Total 5,162,153 100.0 390,679 100.0 7.6
Schedule of Credit loss allowance by credit quality	Schedule of Credit loss allowance by credit quality 2022 Gross Exposures % Credit Loss Allowance % Coverage Ratio (%) Strong (PD < 5%) 6,097,909 65.8 113,780 10.8 1.9 Stage 1 6,081,551 99.7 113,525 99.8 1.9 Stage 2 16,358 0.3 255 0.2 1.6 Satisfactory (5% <= PD <= 20%) 1,477,414 15.9 118,825 11.2 8.0 Stage 1 1,227,610 83.1 100,190 84.3 8.2 Stage 2 249,804 16.9 18,635 15.7 7.5 Higher Risk (PD > 20%) 1,690,902 18.3 818,063 78.0 48.4 Stage 1 441,109 26.1 109,255 13.4 24.8 Stage 2 651,016 38.5 235,291 28.8 36.1 Stage 3 598,777 35.4 473,517 57.9 79.1 Total 9,266,225 100.0 1,050,668 100.0 11.3 2021 Gross Exposures % Credit Loss Allowance % Coverage Ratio (%) Strong (PD < 5%) 3,755,666 72.8 40,480 10.4 1.1 Stage 1 3,754,626 100.0 40,435 99.9 1.1 Stage 2 1,040 0.0 45 0.1 4.3 Satisfactory (5% <= PD <= 20%) 804,608 15.6 71,149 18.2 8.8 Stage 1 675,507 84.0 57,102 80.3 8.5 Stage 2 129,101 16.0 14,047 19.7 10.9 Higher Risk (PD > 20%) 601,879 11.6 279,050 71.4 46.4 Stage 1 95,556 15.9 29,821 10.7 31.2 Stage 2 309,964 51.5 112,300 40.2 36.2 Stage 3 196,359 32.6 136,929 49.1 69.7 Total 5,162,153 100.0 390,679 100.0 7.6
Schedule of credit quality classification gross	Schedule of credit quality classification gross Stage 1 and 2 Stage3 Default grade Probability of default Credit quality description Probability of default Credit quality description 1 <1% Strong 2 1.0% to 5.0% Strong 3 5.0% to 20.0% Satisfactory 4 20.0% to 35.0% Higher Risk 5 >35% Higher Risk 100 Higher Risk
Schedule of credit allowance changes	Schedule of credit allowance changes 2022 Stage 1 Stage 2 Stage 3 Total Credit loss allowance at beginning of year 127,358 126,392 136,929 390,679 Transfers from Stage 1 to Stage 2 (19,469) 19,469 - - Transfers from Stage 2 to Stage 1 38,029 (38,029) - - Transfers to Stage 3 (22,691) (64,523) 87,214 - Transfers from Stage 3 6,148 1,659 (7,807) - Write-offs - - (290,974) (290,974) Net increase of loss allowance (note 7) 190,073 203,018 545,988 939,079 New originations (a) 144,394 22,320 11,167 177,881 Changes in exposure of preexisting accounts (b) 115,746 4,813 2,400 122,959 Net drawdowns, repayments, net remeasurement and movements due to risk changes (97,269) 210,317 519,615 632,663 Changes to models used in calculation (c) 27,202 (34,432) 12,806 5,576 Effect of changes in exchange rates (OCI) 3,522 6,195 2,167 11,884 Credit loss allowance at end of the year 322,970 254,181 473,517 1,050,668 2021 Stage 1 Stage 2 Stage 3 Total Credit loss allowance at beginning of year 79,296 60,391 77,855 217,542 Transfers from Stage 1 to Stage 2 (10,514) 10,514 - - Transfers from Stage 2 to Stage 1 17,840 (17,840) - - Transfers to Stage 3 (7,023) (13,176) 20,199 - Transfers from Stage 3 151 70 (221) - Write-offs - - (118,518) (118,518) Net increase of loss allowance (note 7) 54,096 92,658 164,847 311,601 New originations (a) 94,367 9,547 3,979 107,893 Changes in exposure of preexisting accounts (b) 120,420 2,585 363 123,368 Net drawdowns, repayments, net remeasurement and movements due to risk changes (161,906) 79,282 160,186 77,562 Changes to models used in calculation (c) 1,215 1,244 319 2,778 Effect of changes in exchange rates (OCI) (6,488) (6,225) (7,233) (19,946) Credit loss allowance at end of the year 127,358 126,392 136,929 390,679 2020 Stage 1 Stage 2 Stage 3 Total Credit loss allowance at beginning of year 68,437 75,531 79,929 223,897 Transfers from Stage 1 to Stage 2 (4,252) 4,252 - - Transfers from Stage 2 to Stage 1 27,974 (27,974) - - Transfers to Stage 3 (3,929) (11,252) 15,181 - Transfers from Stage 3 246 129 (375) - Write-offs - - (116,856) (116,856) Net increase of loss allowance (note 7) 6,154 36,643 117,973 160,770 New originations (a) 27,727 2,421 1,376 31,524 Changes in exposure of preexisting accounts (b) - - - - Net drawdowns, repayments, net remeasurement and movements due to risk changes (9,593) 33,474 104,248 128,129 Changes to models used in calculation (c) (11,980) 748 12,349 1,117 Effect of changes in exchange rates (OCI) (15,334) (16,938) (17,997) (50,269) Credit loss allowance at end of the year 79,296 60,391 77,855 217,542 (a) Considers all accounts originated from the beginning to the end of the period. ECL effects presented in the table were calculated as if risk parameters at the beginning of the period were applied. (b) Reflects the movements in exposure of accounts that already existed in the beginning of the period, as increase in credit limits. ECL effects were calculated as if risk parameters of the exposures at the beginning of the period were applied. (c) Relates to methodology changes that occurred during the period, according to the Group's processes of model monitoring.
Schedule of net change of gross carrying amount” includes acquisitions, payments, and interest accruals	Schedule of net change of gross carrying amount” includes acquisitions, payments, and interest accruals 2022 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year 4,525,689 440,105 196,359 5,162,153 Transfers from Stage 1 to Stage 2 (377,421) 377,421 - - Transfers from Stage 2 to Stage 1 178,742 (178,742) - - Transfers to Stage 3 (218,192) (168,974) 387,166 - Transfers from Stage 3 8,576 2,325 (10,901) - Write-offs - - (290,974) (290,974) Net change of gross carrying amount 3,450,551 427,186 313,606 4,191,343 Effect of changes in exchange rates (OCI) 182,325 17,857 3,521 203,703 Gross carrying amount at end of the year 7,750,270 917,178 598,777 9,266,225 2021 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year 2,799,999 202,673 116,200 3,118,872 Transfers from Stage 1 to Stage 2 (168,654) 168,654 - - Transfers from Stage 2 to Stage 1 73,448 (73,448) - - Transfers to Stage 3 (72,328) (41,112) 113,440 - Transfers from Stage 3 156 68 (224) - Write-offs - - (120,071) (120,071) Net change of gross carrying amount 2,145,118 205,148 97,356 2,447,622 Effect of changes in exchange rates (OCI) (252,050) (21,878) (10,342) (284,270) Gross carrying amount at end of the year 4,525,689 440,105 196,359 5,162,153 2020 Stage 1 Stage 2 Stage 3 Total Credit loss allowance at beginning of year 2,484,556 389,734 136,131 3,010,421 Transfers from Stage 1 to Stage 2 (79,734) 79,734 - - Transfers from Stage 2 to Stage 1 162,232 (162,232) - - Transfers to Stage 3 (43,582) (49,951) 93,533 - Transfers from Stage 3 435 226 (661) - Write-offs - - (116,856) (116,856) Net change of gross carrying amount 839,461 31,990 34,640 906,091 Effect of changes in exchange rates (OCI) (563,369) (86,828) (30,587) (680,784) Credit loss allowance at end of the year 2,799,999 202,673 116,200 3,118,872

Loans to customers (Tables)

Loans to customers (Tables)	12 Months Ended
	Dec. 31, 2022
Loans To Customers
Breakdown of receivables	Breakdown of receivables 2022 2021 Lending to individuals 1,976,499 1,392,350 Loan ECL allowance (300,223) (197,536) Total receivables 1,676,276 1,194,814 Fair value adjustment - portfolio hedge (note 18) (2,836) - Total 1,673,440 1,194,814
Breakdown by maturity	Breakdown by maturity 2022 2021 Amount % Amount % Installments not overdue due in: Less than 1 year 1,697,288 85.9 1,155,760 83.5 Between 1 and 5 years 198,533 10.0 189,051 13.1 Total not overdue installments 1,895,821 95.9 1,344,811 96.6 Installments overdue by: <= 30 days 30,509 1.5 13,423 1.0 30 < 60 days 18,191 1.0 8,948 0.6 60 < 90 days 13,315 0.7 5,757 0.4 > 90 days 18,663 0.9 19,411 1.4 Total overdue installments 80,678 4.1 47,539 3.4 Total 1,976,499 100.0 1,392,350 100.0
Schedule of credit loss allowance by stages	Schedule of credit loss allowance by stages 2022 Gross Exposures % Credit Loss Allowance % Coverage Ratio Stage 1 1,521,040 77 76,454 25.5 5.0 Stage 2 351,166 17.8 148,233 49.3 42.2 Absolute Trigger (Days Late) 87,841 25.0 75,612 51.0 86.1 Relative Trigger (PD deterioration) 263,325 75.0 72,621 49.0 27.6 Stage 3 (i) 104,293 5.2 75,536 25.2 72.4 Total 1,976,499 100.0 300,223 100.0 15.2 (i) The table above presents the loans to customers considering the change in estimate of recovery and the partial write-off of receivables in arrears for more than 120 days. 2021 Gross Exposures % Credit Loss Allowance % Coverage Ratio Stage 1 1,129,522 81.1 68,926 34.9 6.1 Stage 2 200,040 14.4 72,935 36.9 36.5 Absolute Trigger (Days Late) 39,510 19.8 31,615 43.3 80.0 Relative Trigger (PD deterioration) 160,530 80.2 41,320 56.7 25.7 Stage 3 62,788 4.5 55,675 28.2 88.7 Total 1,392,350 100.0 197,536 100.0 14.2
Credit loss allowance - by credit quality vs stages	Credit loss allowance - by credit quality vs stages 2022 Gross Exposures % Credit Loss Allowance % Coverage Ratio Strong (PD < 5%) 832,448 42.1 9,344 3.1 1.1 Stage 1 819,605 98.5 9,093 97.3 1.1 Stage 2 12,843 1.5 251 2.7 2.0 Satisfactory (5% <= PD <= 20%) 642,099 32.5 40,852 13.6 6.4 Stage 1 583,925 90.9 36,228 88.7 6.2 Stage 2 58,174 9.1 4,624 11.3 7.9 Higher Risk (PD > 20%) 501,952 25.4 250,027 83.3 49.8 Stage 1 117,510 23.4 31,133 10.4 26.5 Stage 2 280,149 55.8 143,358 47.8 51.2 Stage 3 104,293 20.8 75,536 25.2 72.4 Total 1,976,499 100.0 300,223 100.0 15.2 2021 Gross Exposures % Credit Loss Allowance % Coverage Ratio Strong (PD < 5%) 424,161 30.5 4,196 2.1 1.0 Stage 1 409,899 96.6 4,002 95.4 1.0 Stage 2 14,262 3.4 194 4.6 1.4 Satisfactory (5% <= PD <= 20%) 700,164 50.3 47,779 24.2 6.8 Stage 1 656,647 93.8 44,797 93.8 6.8 Stage 2 43,517 6.2 2,982 6.2 6.9 Higher Risk (PD > 20%) 268,025 19.2 145,561 73.7 54.3 Stage 1 62,976 23.5 20,127 13.8 32.0 Stage 2 142,261 53.1 69,759 47.9 49.0 Stage 3 62,788 23.4 55,675 38.3 88.7 Total 1,392,350 100.0 197,536 100.0 14.2
Schedule of Credit Quality Classification	Schedule of Credit Quality Classification Stage 1 and 2 Stage3 Default grade Probability of default Credit quality description Probability of default Credit quality description 1 <1% Strong 2 1.0% to 5.0% Strong 3 5.0% to 20.0% Satisfactory 4 20.0% to 35.0% Higher Risk 5 >35% Higher Risk 100 Higher Risk
Schedule of credit allowance	Schedule of credit allowance 2022 Stage 1 Stage 2 Stage 3 Total Credit loss allowance at beginning of year 68,926 72,935 55,675 197,536 Transfers from Stage 1 to Stage 2 (6,642) 6,642 - - Transfers from Stage 2 to Stage 1 5,946 (5,946) - - Transfers to Stage 3 (18,294) (60,238) 78,532 - Transfers from Stage 3 647 619 (1,266) - Write-offs - - (408,605) (408,605) Net increase of loss allowance (note 7) 21,986 131,510 348,347 501,843 New originations (a) 217,837 45,537 9,176 272,550 Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes (212,730) 82,776 337,509 207,555 Changes to models used in calculation (b) 16,879 3,197 1,662 21,738 Effect of changes in exchange rates (OCI) 3,885 2,711 2,853 9,449 Credit loss allowance at end of the year 76,454 148,233 75,536 300,223
Schedule of Net increase of gross carrying amount includes the principal issuances net of payments or interest recognized net of payment	Schedule of Net increase of gross carrying amount includes the principal issuances net of payments or interest recognized net of payment 2022 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year 1,129,522 200,040 62,788 1,392,350 Transfers from Stage 1 to Stage 2 (63,015) 63,015 - - Transfers from Stage 2 to Stage 1 31,475 (31,475) - - Transfers to Stage 3 (149,355) (112,901) 262,256 - Transfers from Stage 3 735 701 (1,436) - Write-offs - - (408,605) (408,605) Net increase of gross carrying amount 515,802 223,713 186,632 926,147 Effect of changes in exchange rates (OCI) 55,876 8,073 2,658 66,607 Gross carrying amount at end of the year 1,521,040 351,166 104,293 1,976,499 The table above presents the gross exposure considering the change in estimate of recovery and the partial write-off of receivables in arrears for more than 120 days. Due to the estimate change implemented on June 30, 2022, there was an additional write-off of stage 3 gross amounts of US$139,436 recognized on that date. The total impact of the change in estimate, through December 31, 2022, was to increase write-offs by US$ 278,560. 2021 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year 168,744 22,634 9,526 200,904 Transfers from Stage 1 to Stage 2 (8,535) 8,535 - - Transfers from Stage 2 to Stage 1 3,279 (3,279) - - Transfers to Stage 3 (11,069) (3,324) 14,393 - Transfers from Stage 3 18 160 (178) - Write-offs - - (14,676) (14,676) Net increase of gross carrying amount 1,020,838 182,800 56,160 1,259,798 Effect of changes in exchange rates (OCI) (43,753) (7,486) (2,437) (53,676) Gross carrying amount at end of the year 1,129,522 200,040 62,788 1,392,350 2020 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year 44,513 16,335 2,166 63,014 Transfers from Stage 1 to Stage 2 (1,951) 1,951 - - Transfers from Stage 2 to Stage 1 2,621 (2,621) - - Transfers to Stage 3 (2,997) (1,314) 4,311 - Transfers from Stage 3 - 8 (8) - Write-offs - - (4,525) (4,525) Net increase of gross carrying amount 137,483 12,013 8,123 157,619 Effect of changes in exchange rates (OCI) (10,925) (3,738) (541) (15,204) Gross carrying amount at end of the year 168,744 22,634 9,526 200,904

Compulsory and other deposits_2

Compulsory and other deposits at central banks (Tables)	12 Months Ended
	Dec. 31, 2022
Compulsory And Other Deposits At Central Banks
Schedule of compulsory and other deposits at central banks	Schedule of compulsory and other deposits at central banks 2022 2021 Compulsory deposits 2,026,516 819,794 Reserve at BACEN 751,503 118,865 Total 2,778,019 938,659

Other Receivables (Tables)

Other Receivables (Tables)	12 Months Ended
	Dec. 31, 2022
Other Receivables
Schedule of other receivables	Schedule of other receivables 2022 2021 Other receivables 521,670 50,349 Total 521,670 50,349

Other assets (Tables)

Other assets (Tables)	12 Months Ended
	Dec. 31, 2022
Other Assets
Schedule of Other Assets	Schedule of Other Assets 2022 2021 Deferred expenses (i) 157,439 76,183 Taxes recoverable 245,967 71,865 Advances to suppliers and employees 22,662 23,958 Prepaid expenses 61,744 15,958 Judicial deposits (note 23) 18,864 17,480 Other assets 35,227 27,471 Total 541,903 232,915 (i) Refers to credit card issuance costs, including printing, packing, and shipping costs, among others. The expenses are amortized based on the card's useful life, adjusted for any cancellations.

Derivative financial instrume_2

Derivative financial instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Financial Instruments
Schedule of derivative contracts are considered level 1, 2 or 3 in the fair value hierarchy and are used to hedge exposures	Schedule of derivative contracts are considered level 1, 2 or 3 in the fair value hierarchy and are used to hedge exposures 2022 Fair values Notional amount Assets Liabilities Derivatives classified as fair value through profit or loss Interest rate contracts - Future 792,559 27 105 Exchange rate contracts - Future 111,634 917 51 Interest rate contracts - Swap 10,056 50 - Currency - Non-deliverable forward contract (NDF) 113,682 11,228 24 Warrants (i) 100,000 27,908 - Derivatives held for hedging Designated as cash flow hedge Exchange rate contracts - Future 129,459 1,209 182 Equity - Total Return Swap (TRS) 89,726 145 9,017 Designated as portfolio hedge DI - Future - notes 13 and 14 1,551,521 1 46 Total 2,898,637 41,485 9,425 2021 Fair values Notional amount Assets Liabilities Derivatives classified as fair value through profit or loss Interest rate contracts - Future 3,671,709 10 462 Currency exchange rate contracts - Future 116,075 - 3,899 Interest rate contracts - Swap 9,523 24 7 Forward contracts 83,155 81,528 82,775 Warrants (i) 65,000 19,756 - Derivatives held for hedging Designated as cash flow hedge Exchange rate contracts - Future 77,115 - 135 Total 4,022,577 101,318 87,278
Schedule of breakdown by maturity of the notional amounts	Schedule of breakdown by maturity of the notional amounts 2022 Up to 3 months 3 to 12 months Over 12 months Total Assets Interest rate contracts - Future 332,497 73,286 348 406,131 Exchange rate contracts - Future 241,093 - - 241,093 Interest rate contracts - Swap - - 10,056 10,056 Currency - Non-deliverable forward contract (NDF) 113,682 - - 113,682 Warrants - - 100,000 100,000 Total assets 687,272 73,286 110,404 870,962 Liabilities Equity - Total Return Swap (TRS) - 89,726 - 89,726 Interest rate contracts - Future 27,776 256,240 102,412 386,428 DI - Future - notes 13 and 14 590,015 858,278 103,228 1,551,521 Total liabilities 617,791 1,204,244 205,640 2,027,675 Total 1,305,063 1,277,530 316,044 2,898,637 2021 Up to 3 months 3 to 12 months Over 12 months Total Assets Interest rate contracts - Future 775,002 24,755 71 799,828 Exchange rate contracts - Future 116,074 - - 116,074 Forward contracts 83,155 - - 83,155 Warrants - - 65,000 65,000 Total assets 974,231 24,755 65,071 1,064,057 Liabilities Interest rate contracts - Future 1,668,284 864,989 338,609 2,871,882 Exchange rate contracts - Future 77,115 - - 77,115 Interest rate contracts - Swap - - 9,523 9,523 Total liabilities 1,745,399 864,989 348,132 2,958,520 Total 2,719,630 889,744 413,203 4,022,577
Schedule of breakdown by maturity of the fair value amounts	Schedule of breakdown by maturity of the fair value amounts 2022 Up to 12 months Over 12 months Total Assets Equity - Total Return Swap (TRS) 145 - 145 Interest rate contracts - Swap - 50 50 Interest rate contracts - Future 27 - 27 Exchange rate contracts - Future 2,126 - 2,126 Currency - Non-deliverable forward contract (NDF) 11,228 - 11,228 Warrants - 27,908 27,908 Interest rate contracts - Future - portfolio hedge 1 - 1 Total assets 13,527 27,958 41,485 Liabilities Equity - Total Return Swap (TRS) 9,017 - 9,017 Interest rate contracts - Future 17 88 105 Exchange rate contracts - Future 233 - 233 Currency - Non-deliverable forward contract (NDF) 24 - 24 DI - Future - notes 13 and 14 46 - 46 Total liabilities 9,337 88 9,425 Total 22,864 28,046 50,910 2021 Up to 12 months Over 12 months Total Assets Interest rate contracts - Future 2 8 10 Exchange rate contracts - Future 24 - 24 Forward contracts 81,528 - 81,528 Warrants - 19,756 19,756 Total assets 81,554 19,764 101,318 Liabilities Interest rate contracts - Future 69 393 462 Exchange rate contracts - Future 4,034 - 4,034 Interest rate contracts - Swap - 7 7 Forward contracts 82,775 - 82,775 Total liabilities 86,878 400 87,278 Total 168,432 20,164 188,596
Schedule of forecast and actual payment of expenses	Schedule of forecast and actual payment of expenses 2022 2021 2020 Balance at beginning of the year 1,487 49 1 Fair value change recognized in OCI during the year (20,924) 2,705 8,302 Total amount reclassified from cash flow hedge reserve to statement of profit or loss during the year 14,012 (242) (8,223) to "Customer support and operation" 6,769 (91) (5,480) to "General and administrative expenses" 7,778 (136) (4,925) Effect of changes in exchange rates (OCI) (535) (15) 2,182 Deferred income taxes 2,815 (1,025) (31) Balance at end of the year (2,610) 1,487 49
Schedule of material future transactions	Schedule of material future transactions 2022 2021 Up to 3 months 3 to 12 months Total Total Expected foreign currency transactions 64,840 64,619 129,459 78,401 Total 64,840 64,619 129,459 78,401
Schedule of changes in fair value	Schedule of changes in fair value 2022 Derivative object hedge Fair value adjustment to the hedge object Derivative hedge instrument Asset Liability Fair value variation Effectiveness Interest rate risk Interest rate contracts - Future - portfolio hedge - credit card 72,337 (51) - 22 101.0 Interest rate contracts - Future - portfolio hedge - loan 1,189,716 (2,836) - 2,062 99.0 Total 1,262,053 (2,887) - 2,084
Schedule of Hedge of corporate and social security taxes over share-based compensation	Schedule of Hedge of corporate and social security taxes over share-based compensation 2022 Balance at beginning of the year - Fair value change recognized in OCI during the year (8,871) Total amount reclassified from cash flow hedge reserve to statement of profit or loss during the year 3,995 to "General and administrative expenses" (i) 3,995 Balance at end of the year (4,876) (i) Presented as share-based compensation on general and administrative expenses.
Schedule of expected cash disbursement	Schedule of expected cash disbursement 2022 Up to 1 year 1 to 3 years Above 3 years Total Expected cash disbursement for income tax payments 22,727 28,359 7,972 59,058 Total 22,727 28,359 7,972 59,058

Instruments eligible as capit_2

Instruments eligible as capital (Tables)	12 Months Ended
	Dec. 31, 2022
Instruments Eligible As Capital
Schedule of financial liability at fair value	Schedule of financial liability at fair value 2022 2021 Financial liabilities at fair value through profit or loss Instruments eligible as capital 11,507 12,056 Total 11,507 12,056
Schedule of fair value changes and interest	Schedule of fair value changes and interest 2022 2021 2020 Balance at beginning of the year 12,056 15,492 22,084 Interest accrued (882) 2,137 1,689 Fair value changes 8,192 (5,717) (3,673) Own credit transferred to OCI (2,008) 1,051 219 Effect of changes in exchange rates (OCI) (5,851) (907) (4,827) Balance at end of the year 11,507 12,056 15,492

Financial liabilities at amor_4

Financial liabilities at amortized cost – deposits (Tables)	12 Months Ended
	Dec. 31, 2022
Financial Liabilities At Amortized Cost Deposits
Schedule of deposits	Schedule of deposits 2022 2021 Deposits by customers (i) Bank receipt of deposits (RDB) 14,273,959 7,728,108 Deposits in electronic money 1,534,582 1,887,945 Bank receipt of deposits (RDB-V) - 31,557 Time deposit (ii) - 19,181 Other deposits - 509 Total 15,808,541 9,667,300
Breakdown by maturity	Breakdown by maturity 2022 Up to 12 months Over 12 months Total Deposits by customers Deposits in electronic money 1,534,582 - 1,534,582 Bank receipt of deposits (RDB) 14,160,805 113,154 14,273,959 Total 15,695,387 113,154 15,808,541 2021 Up to 12 months Over 12 months Total Deposits by customers Deposits in electronic money 1,887,945 - 1,887,945 Bank receipt of deposits (RDB) 7,663,355 64,753 7,728,108 Bank receipt of deposits (RDB-V) 31,557 - 31,557 Time deposit 19,181 - 19,181 Other deposits 509 - 509 Total 9,602,547 64,753 9,667,300

Financial liabilities at amor_5

Financial liabilities at amortized cost – payables to network (Tables)	12 Months Ended
	Dec. 31, 2022
Financial Liabilities At Amortized Cost Payables To Network
Schedule of credit card payment	Schedule of credit card payment 2022 2021 Payables to credit card network (i) 7,054,783 4,882,159 Total 7,054,783 4,882,159
Schedule of payable to credit card network	Schedule of payable to credit card network Payables to credit card network 2022 2021 Up to 30 days 3,829,398 2,518,437 30 to 90 days 1,741,186 1,205,765 More than 90 days 1,484,199 1,157,957 Total 7,054,783 4,882,159

Financial liabilities at amor_6

Financial liabilities at amortized cost – borrowing, financing and securitized borrowings (Tables)	12 Months Ended
	Dec. 31, 2022
Financial Liabilities At Amortized Cost Borrowing Financing And Securitized Borrowings
Financial liabilities at amortized cost	Financial liabilities at amortized cost 2022 2021 Borrowings and financing 585,568 147,243 Securitized borrowings - 10,011 Total 585,568 157,254
Borrowings and financings maturities are as follows	Borrowings and financings maturities are as follows 2022 Up to 3 months 3 to 12 months Over 12 months Total Borrowings and financings Term loan credit facility (ii) 3,100 32,632 82,462 118,194 Syndicated loan (iii) 103 2,494 464,777 467,374 Total borrowings and financings 3,203 35,126 547,239 585,568 2021 Up to 3 months 3 to 12 months Over 12 months Total Borrowings and financings Financial letter (i) 7,728 2,672 - 10,400 Term loan credit facility (ii) 3,064 10,113 123,666 136,843 Total borrowings and financings 10,792 12,785 123,666 147,243 (i) Corresponded to fixed and floating rate bills of exchange in the amount equivalent to US$12,941 on the issuance date, fully paid in April 2022. (ii) Corresponds to two term loan credit facilities obtained by subsidiary Nu Servicios and reassigned to Nu Financiera, in Mexican pesos, from: a) Bank of America México, S.A., Institución de Banca Múltiple (“BofA”) in the amount equivalent to US$30,000 on the issuance dates, with interest equivalent to 12.48% (Mexican Interbanking Equilibrium Interest Rate (“TIIE 182” + 1.40%) per annum as of December 31, 2022 (equivalent to 7.42% per annum as of December 31, 2021), and maturity date in July 2023. b) JPMorgan México ("JP Morgan") in the total amount equivalent to US$80,000 on the issuance dates, with interest from 12.08% to 12.53% (TIIE 182 + 1.45% and TIIE 182 + 1.0%, respectively) per annum as of December 31, 2022 (from 7.02% to 7.47% per annum as of December 31, 2021), and maturity dates in November 2024 and July 2024. (iii) Corresponds to a syndicated credit facility, in which Nu's subsidiaries in Colombia and Mexico are the borrowers and the Company is acting as guarantor. The amount of the credit facility is US$650,000, out of which US$ 625,000 allocated to Nu Mexico and US$ 25,000 to Nu Colombia, and as of December 31, 2022: a) Mexico used the total equivalent to US$ 435,000 11.98 b) Colombia used the total equivalent to US$ 25,000 6.18
Changes to borrowings and financings are as follows	Changes to borrowings and financings are as follows 2022 Bills of exchange Term loan credit facility Bank borrowings Syndicated loan Total Balance at beginning of the year 10,400 136,843 - - 147,243 Addition due to business combination - - 4,729 - 4,729 New borrowings - 121,142 - 460,000 581,142 Payments – principal (9,447) (146,078) (4,458) - (159,983) Payments – interest (1,889) (8,301) (568) (19,998) (30,756) Interest accrued 42 8,340 158 22,534 31,074 Effect of changes in exchange rates (OCI) 894 6,248 139 4,838 12,119 Balance at end of the year - 118,194 - 467,374 585,568 2021 Financial letter Bills of exchange Term loan credit facility Total Balance at beginning of the year 60,126 17,684 19,644 97,454 New borrowings - - 116,349 116,349 Payments – principal (54,151) (6,372) - (60,523) Payments – interest (4,548) (600) (1,908) (7,056) Interest accrued 776 683 4,766 6,225 Effect of changes in exchange rates (OCI) (2,203) (995) (2,008) (5,206) Balance at end of the year - 10,400 136,843 147,243 2020 Financial letter Bank credit bill Bills of exchange Term loan credit facility Total Balance at beginning of the year 77,061 34,183 22,157 - 133,401 New borrowings - - - 17,974 17,974 Payments – principal (1,508) (26,148) (237) - (27,893) Payments – interest (45) (1,279) (24) - (1,348) Interest accrued 1,936 743 770 236 3,685 Effect of changes in exchange rates (OCI) (17,318) (7,499) (4,982) 1,434 (28,365) Balance at end of the year 60,126 - 17,684 19,644 97,454
Changes to securitized borrowings	Changes to securitized borrowings 2022 2021 2020 Balance at beginning of the year 10,011 79,742 169,925 Interest accrued 84 1,904 4,633 Payments – principal (10,633) (66,403) (52,172) Payments – interest (134) (1,976) (4,819) Effect of changes in exchange rates (OCI) 672 (3,256) (37,825) Balance at end of the year - 10,011 79,742

Provision for lawsuits and ad_2

Provision for lawsuits and administrative proceedings (Tables)	12 Months Ended
	Dec. 31, 2022
Provision For Lawsuits And Administrative Proceedings
Schedule of Provision for judicial and administrative proceedings	Schedule of Provision for judicial and administrative proceedings 2022 2021 Tax risks 15,747 17,081 Civil risks 2,096 980 Labor risks 104 21 Total 17,947 18,082
Changes to provision for lawsuits and administrative proceedings are as follows	Changes to provision for lawsuits and administrative proceedings are as follows 2022 Tax Civil Labor Balance at beginning of the year 17,081 980 21 Additions - 1,942 100 Payments / Reversals (2,341) (857) (18) Effect of changes in exchange rates (OCI) 1,007 31 1 Balance at end of the year 15,747 2,096 104 2021 Tax Civil Labor Balance at beginning of the year 15,995 470 4 Additions 2,240 2,204 18 Payments / Reversals - (1,644) - Effect of changes in exchange rates (OCI) (1,154) (50) (1) Balance at end of the year 17,081 980 21 2020 Tax Civil Labor Balance at beginning of the year 20,631 300 21 Additions - 1,472 2 Payments / Reversals - (1,234) (13) Effect of changes in exchange rates (OCI) (4,636) (68) (6) Balance at end of the year 15,995 470 4

Deferred income (Tables)

Deferred income (Tables)	12 Months Ended
	Dec. 31, 2022
Deferred Income
Schedule of deferred income	Schedule of deferred income 2022 2021 Deferred revenue from rewards program 34,546 25,462 Deferred annual fee 3,283 4,673 Other deferred income 3,859 522 Total 41,688 30,657

Related parties (Tables)

Related parties (Tables)	12 Months Ended
	Dec. 31, 2022
Related Parties
Schedule of transactions with other related parties	Schedule of transactions with other related parties Assets/ (Liabilities) 2022 2021 Others 316 299 Revenues (expenses) 2022 2021 2020 Others (1,112) (1,685) -
Schedule of management compensation	Schedule of management compensation 2022 2021 2020 Consolidated statements of profit or loss Fixed and variable compensation (i) 122,892 34,252 9,029

Fair value measurement (Tables)

Fair value measurement (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Measurement
Schedule of fair value at amortized cost	Schedule of fair value at amortized cost 2022 2021 Book value Fair value - Level 2 Fair value - Level 3 Book value Fair value - Level 2 Fair value - Level 3 Assets Compulsory and other deposits at central banks 2,778,019 938,659 Credit card receivables (i) 8,233,123 - 8,204,077 4,780,520 - 4,161,785 Loans to customers (i) 1,676,276 - 1,920,518 1,194,814 - 1,324,513 Other receivables 521,670 - 522,359 50,349 - 50,400 Other financial assets 478,283 18,493 Total 13,687,371 - 10,646,954 6,982,835 - 5,536,698 Liabilities Deposits in electronic money 1,534,582 1,888,454 Deposits - RDB and RDB-V 14,273,959 7,759,665 Time deposit - 19,181 Payables to network 7,054,783 6,399,704 - 4,882,159 4,755,304 - Borrowings and financing 585,568 147,243 Securitized borrowings - 10,011 Total 23,448,892 6,399,704 - 14,706,713 4,755,304 -
Schedule of fair value measurement	Schedule of fair value measurement 2022 Published price quotations in active markets (Level 1) Internal Models (Level 2) Internal Models (Level 3) Total Assets Government bonds Brazil 8,222,278 - - 8,222,278 United States 171,184 - - 171,184 Mexico 1,382 - - 1,382 Corporate bonds and other instruments Certificate of bank deposits (CDB) - 3,712 - 3,712 Investment funds - 302,779 - 302,779 Time deposit - 446,436 - 446,436 Bill of credit (LC) - 138 - 138 Real estate and agribusiness certificate of receivables (CRIs/CRAs) 2 32,173 - 32,175 Real estate and agribusiness letter of credit (LCIs/LCAs) - 1,197 - 1,197 Corporate bonds and debentures 676,953 158,675 - 835,628 Equity instrument - - 22,082 22,082 Derivative financial instruments 2,154 11,423 27,908 41,485 Collateral for credit card operations - 305 - 305 Liabilities Derivative financial instruments 384 9,041 - 9,425 Instruments eligible as capital - 11,507 - 11,507 Repurchase agreements - 197,242 - 197,242 2021 Published price quotations in active markets (Level 1) Internal Models (Level 2) Internal Models (Level 3) Total Assets Government bonds Brazil 6,646,188 - - 6,646,188 United States 830,124 - - 830,124 Colombia 504 - - 504 Corporate bonds and other instruments Certificate of bank deposits (CDB) - 81,810 - 81,810 Investment funds - 146,884 - 146,884 Time deposit - 1,119,682 - 1,119,682 Bill of credit (LC) - 14 - 14 Real estate and agribusiness letter of credit (CRIs/CRAs) - 1,508 - 1,508 Corporate bonds and debentures - 121,783 - 121,783 Stocks issued by public-held company 158 - - 158 Equity instrument - - 30,735 30,735 Derivative financial instruments 81,538 24 19,756 101,318 Collateral for credit card operations - 1,052 - 1,052 Liabilities Derivative financial instruments 87,271 7 - 87,278 Instruments eligible as capital - 12,056 - 12,056 Repurchase agreements - 3,046 - 3,046

Income tax (Tables)

Income tax (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax
Income tax reconciliation	Income tax reconciliation 2022 2021 2020 Loss before income tax (308,901) (170,164) (193,178) Tax rate (i) 41% 45% 40% Income tax benefit 126,649 76,574 77,271 Permanent additions/exclusions Share-based payments (11,757) (41,418) (8,639) Customers gifts (120) (250) (375) Operational losses and others (9,112) (6,385) (4,741) Changes in income tax rate (2,531) (11,127) - Contingent share award (CSA) - termination (ii) (145,785) - (8,049) Effect of different tax rates - subsidiaries and parent company (31,765) (4,541) (3,781) Results with convertible instruments - - (29,008) Other non-deductible expenses 18,688 (10,353) (1,022) Income tax (55,733) 2,500 21,656 Current tax expense (473,345) (219,824) (22,338) Deferred tax benefit 417,612 224,654 44,025 Income tax in the statement of profit or loss (55,733) 4,830 21,687 Deferred tax recognized in OCI 829 (2,330) (31) Income tax (54,904) 2,500 21,656 Effective tax rate 18.0% -2.8% -11.2% (i) The tax rate used was the one applicable to the financial Brazilian subsidiaries, which represent the most significant portion of the operations of the Group. The tax rate used is not materially different from the average effective tax rate considering all jurisdictions where the Group has operations. The effect of other tax rates is shown in the table above as "effect of different tax rates –subsidiaries and parent company". (ii) The amount is related to the termination of the Contingent Share Award (CSA) as described in the note 10b.
Schedule of deferred income taxes	Schedule of deferred income taxes Reflected in the statement of profit or loss 2021 Other Constitution Realization Foreign exchange Reflected in OCI 2022 Provisions for credit losses 204,459 - 600,227 (221,817) 922 - 583,791 Provision PIS/COFINS - Financial Revenue 5,965 - - - 334 - 6,299 Other temporary differences 72,343 12,175 68,971 (34,313) 3,927 - 123,103 Total deferred tax assets on temporary differences 282,767 12,175 669,198 (256,130) 5,183 - 713,193 Tax loss and negative basis of social contribution 77,985 - 19,930 (5,707) 5,649 - 97,857 Deferred tax assets 360,752 12,175 689,128 (261,837) 10,832 - 811,050 Futures settlement market (18,850) - (7,821) 13,730 (798) - (13,739) Fair value changes - financial instruments (2,144) - (3,744) 4,634 (51) (1,986) (3,291) Others (8,340) - 46,446 (60,338) (1,856) - (24,088) Deferred tax liabilities (29,334) - 34,881 (41,974) (2,705) (1,986) (41,118) Fair value changes - cash flow hedge 1,057 - 17,608 (20,194) (229) 2,815 (1,758) Deferred tax recognized during the year 741,617 (324,005) 829 Reflected in the statement of profit or loss 2020 Other Constitution Realization Foreign exchange Reflected in OCI 2021 Provisions for credit losses 68,155 41 197,920 (52,730) (8,927) - 204,459 Provision PIS/COFINS - Financial Revenue 6,398 - - - (433) - 5,965 Other temporary differences 41,982 585 52,157 (18,394) (3,987) - 72,343 Total deferred tax assets on temporary differences 116,535 626 250,077 (71,124) (13,347) - 282,767 Tax loss and negative basis of social contribution 8,596 4,201 67,939 - (2,751) - 77,985 Deferred tax assets 125,131 4,827 318,016 (71,124) (16,098) - 360,752 Futures settlement market - - (19,137) - 287 - (18,850) Fair value changes - financial instruments (8,741) - (170) 5,544 (82) 1,305 (2,144) Others - - (14,524) 4,744 1,440 - (8,340) Deferred tax liabilities (8,741) - (33,831) 10,288 1,645 1,305 (29,334) Fair value changes - cash flow hedge 32 - 1,305 - (280) 1,025 1,057 Deferred tax recognized during the year 285,490 (60,836) 2,330 Reflected in the statement of profit or loss 2019 Constitution Realization Foreign exchange 2020 Provisions for credit losses 63,846 79,383 (60,808) (14,266) 68,155 Provision PIS/COFINS - Financial Revenue 8,252 - - (1,854) 6,398 Other provisions 14,944 27,125 (5,242) (3,504) 33,323 Fair value changes - financial instruments 2,177 8,945 (1,791) (672) 8,659 Total deferred tax assets on temporary differences 89,219 115,453 (67,841) (20,296) 116,535 Tax loss and negative basis of social contribution 4,979 7,150 (3,724) 191 8,596 Deferred tax assets 94,198 122,603 (71,565) (20,105) 125,131 Fair value changes - financial instruments (698) (7,013) - (1,030) (8,741) Deferred tax liabilities (698) (7,013) - (1,030) (8,741) Deferred tax assets net of deferred tax liabilities 93,500 115,590 (71,565) (21,135) 116,390

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Equity Abstract
Schedule of changes in shares issued and fully paid and shares authorized	Schedule of changes in shares issued and fully paid and shares authorized Shares authorized and fully issued Note Ordinary shares Preferred shares Senior preferred shares Management shares Class A Ordinary shares Class B Ordinary shares Total Total after 6-for-1 forward share split Total as of December 31, 2020 222,657,093 422,057,050 16,795,799 2,500 - - 661,512,442 3,969,074,652 SOPs exercised and RUSs vested 6,314,494 - - - 15,600,346 - 21,914,840 131,489,040 Shares withheld for employees' taxes (320,866) - - - (384,278) - (705,144) (4,230,864) Shares repurchased (203,643) - - - - - (203,643) (1,221,858) Issuance of preferred shares (Series G) - 11,758,704 - - - - 11,758,704 70,552,224 Conversion of senior preferred shares (Series F-1) - 16,795,799 (16,795,799) - - - - - Issuance of preferred shares due to Easynvest business combination - 8,019,426 - - - - 8,019,426 48,116,556 Issuance of preferred shares(Series G-1) - 10,002,809 - - - - 10,002,809 60,016,854 Conversion of ordinary shares in class A shares (228,447,078) - - - 228,447,078 - - - Conversion of class A shares in class B shares - - - - (184,110,692) 184,110,692 - - Awards issued - - - - - 7,596,827 7,596,827 45,580,962 Issuance of class A shares - Cognitect acquisition - - - - 107,489 - 107,489 644,934 Issuance of class A shares - Spin Pay acquisition - - - - 138,415 - 138,415 830,490 Subtotal balances before the 6-for-1 forward share split - 468,633,788 - 2,500 59,798,358 191,707,519 720,142,165 4,320,852,990 Issuance of shares due to the 6-for-1 forward share split - 2,343,168,940 - 12,500 298,991,790 958,537,595 3,600,710,825 - Subtotal balances after the 6-for-1 forward share split - 2,811,802,728 - 15,000 358,790,148 1,150,245,114 4,320,852,990 4,320,852,990 Preferred shares converted into class A shares - (2,811,802,728) - - 2,811,802,728 - - - Cancelation of management shares - - - (15,000) - - (15,000) (15,000) Issuance of shares under the customer program - - - - 1,259,613 - 1,259,613 1,259,613 Issuance of shares under the IPO - - - - 287,890,942 - 287,890,942 287,890,942 Movements due to the IPO - (2,811,802,728) - (15,000) 3,100,953,283 - 289,135,555 289,135,555 Total as of December 31, 2021 - - - - 3,459,743,431 1,150,245,114 4,609,988,545 4,609,988,545 Conversion of shares class B to A - - - - 58,312,073 (58,312,073) - - SOPs exercised and RUSs vested 10 - - - - 64,418,580 - 64,418,580 64,418,580 Shares withheld for employees' taxes 10 - - - - (8,536,770) - (8,536,770) (8,536,770) Issuance of class A shares - Cognitect and Juntos acquisitions - - - - 1,362,201 - 1,362,201 1,362,201 Issuance of shares due to IPO over-allotment - - - - 27,555,298 - 27,555,298 27,555,298 Total as of December 31, 2022 - - - - 3,602,854,813 1,091,933,041 4,694,787,854 4,694,787,854 Shares authorized and unissued Note Class A Ordinary shares Class B Ordinary shares Total Total after 6-for-1 forward share split Business combination - contingent share consideration - - 10,683,513 10,683,513 Reserved for the share-based payments - - 397,521,998 397,521,998 Shares authorized which may be issued class A or class B - - 43,500,447,845 43,500,447,845 Shares authorized and unissued as of December 31, 2022 - - 43,908,653,356 43,908,653,356 Shares authorized issued 3,602,854,813 1,091,933,041 4,694,787,854 4,694,787,854 Total as of December 31, 2022 - - 48,603,441,210 48,603,441,210
Schedule of transactions other than the exercise of the SOPs and vesting of RSUs	Schedule of transactions other than the exercise of the SOPs and vesting of RSUs Event Capital and share premium reserve Issuance of preferred shares (Series F-1) 400,915 Issuance of preferred shares (Series G) 400,000 Issuance of preferred shares (Series G-1) 400,000 Shares issued on IPO over-allotment 247,998 Customer program and IPO (note 1b) 2,602,026
Schedule of accumulated losses	Schedule of accumulated losses 2022 2021 Accumulated losses (701,062) (336,484) Share-based payments reserve 765,639 208,075 Total attributable to shareholders of the parent company 64,577 (128,409) Accumulated profit (loss) attributable to non-controlling interests - (341) Total accumulated losses 64,577 (128,750)
Schedule of shares were repurchased (after the 6-for-1 forward share split)	Schedule of shares were repurchased (after the 6-for-1 forward share split) 2022 2021 Quantity of shares repurchased - 1,221,858 Total value of shares repurchased - 4,607 Quantity of shares withheld - RSU 8,536,770 4,230,864 Total value of shares withheld - RSU 51,212 18,299
Schedule of accumulated balances	Schedule of accumulated balances 2022 2021 2020 Cash flow hedge effects, net of deferred taxes (7,486) 1,487 49 Currency translation on foreign entities (108,356) (110,936) (97,081) Changes in fair value - financial instruments at FVTOCI, net of deferred taxes (22,298) 1,741 - Own credit adjustment effects 489 (1,519) (468) Total (137,651) (109,227) (97,500)

Management of financial risks_2

Management of financial risks, financial instruments, and other risks (Tables)	12 Months Ended
	Dec. 31, 2022
Management Of Financial Risks Financial Instruments And Other Risks
Schedule of outstanding balance of financial assets	Schedule of outstanding balance of financial assets Financial assets 2022 2021 Cash and cash equivalents 4,172,316 2,705,675 Securities 91,853 815,962 Derivative financial instruments 41,485 101,318 Collateral for credit card operations 305 1,052 Financial assets at fair value through profit or loss 133,643 918,332 Securities 9,947,138 8,163,428 Financial assets at fair value through other comprehensive income 9,947,138 8,163,428 Compulsory and other deposits at central banks 2,778,019 938,659 Credit card receivables 8,233,072 4,780,520 Loans to customers 1,673,440 1,194,814 Other receivables 521,670 50,349 Other financial assets 478,283 18,493 Financial assets at amortized cost 13,684,484 6,982,835 Total 27,937,581 18,770,270
Schedule of primary sources of funding - by maturity	Schedule of primary sources of funding - by maturity 2022 2021 Funding Sources Up to 12 months Over 12 months Total % Up to 12 months Over 12 months Total % Deposits by customers Bank receipt of deposits (RDB) 14,160,805 113,154 14,273,959 96 7,663,355 64,753 7,728,108 97 Bank receipt of deposits (RDB-V) - - - - 31,557 - 31,557 1 Time deposit - - - - 19,181 - 19,181 0 Borrowings and financing 38,329 547,239 585,568 4 23,577 123,666 147,243 2 Instruments eligible as capital - 11,507 11,507 0 - 12,056 12,056 0 Total 14,199,134 671,900 14,871,034 100 7,737,670 200,475 7,938,145 100
Schedule of financial liabilities into groups based on their contractual maturities	Schedule of financial liabilities into groups based on their contractual maturities 2022 Financial liabilities Carrying amount Gross nominal outflow (1) Up to 1 month 1 to 3 months 3-12 months Over 12 months Derivative financial instruments 9,425 9,425 152 105 9,056 112 Instruments eligible as capital 11,507 14,742 - - - 14,742 Repurchase agreements 197,242 197,242 197,242 - - - Deposits in electronic money (*) 1,534,582 1,531,753 1,531,753 - - - Bank receipt of deposits (RDB) 14,273,959 14,278,498 13,589,341 207,839 336,218 145,100 Payables to network 7,054,783 7,054,784 3,829,399 1,741,186 1,483,533 666 Borrowings and financing 585,568 721,480 482 17,011 83,182 620,805 Total 23,667,066 23,807,923 19,148,369 1,966,141 1,911,989 781,425 (*) In accordance with regulatory requirements, in guarantee of these deposits the Group has pledged reverse repurchase agreements and securities composed of Brazilian government bonds in the total amount of US$2,252,464 to the Brazilian Central Bank as of December 31, 2022 (US$2,271,585 as of December 31, 2021). (1) The gross nominal outflow was projected considering the exchange rate of Brazilian Reais, and Mexican and Colombian Pesos to US$ as of December 31, 2022 (R$5.2804, MXN19.4999 and COP4,852.50 per US$1) and the projected Brazilian CDI, obtained from B3's website, for the deposits.
Schedule of VaR for the entities in Brazil	Schedule of VaR for the entities in Brazil VaR 2022 2021 Nu Financeira (i) / Nu Pagamentos (Brazil) 190 1,012 Nu Holdings 10,321 340
Schedule of interest risk	Schedule of interest risk Curve Brazilian Risk-Free Curve IPCA coupon DV01 2022 2021 2022 2021 Nu Financeira (i) / Nu Pagamentos / FIP (Brazil) (41) 4 (5) (2) (i) Includes Nu Financeira and its subsidiaries Nu Invest and Nu DTVM. The following analysis is the Nu México sensitivity of the mark to market fair value to an increase of 1 basis point (“bp”) (DV01) in the Mexican risk-free curve, assuming a parallel shift and a constant financial position: Curve Mexican Risk-Free Curve DV01 2022 2021 Nu Mexico (11) n/a * * Nu Mexico figures were not significant as of December 2021. The following analysis is Nu Holding's sensitivity of the mark to market fair value to an increase of 1 basis point (“bp”) (DV01) in the US Risk-Free Curve: Curve US Risk-Free Curve DV01 2022 2021 Nu Holdings (121) (103)

Capital management (Tables)

Capital management (Tables)	12 Months Ended
	Dec. 31, 2022
Capital Management
Schedule of financial conglomerate	Schedule of financial conglomerate Financial Conglomerate 2022 2021 Regulatory Capital 1,091,675 485,498 Tier I 905,782 467,225 Common Equity 769,640 467,225 Additional 136,142 - Tier II 185,893 18,273 Risk Weighted Assets (RWA) 5,106,361 2,144,499 Credit Risk (RWA CPAD) 3,958,772 1,891,177 Market Risk (RWA MPAD) 70,159 14,825 Operational Risk (RWA OPAD) 1,077,430 238,497 Capital Required 536,168 225,172 Margin 555,507 260,325 Basel Ratio 21.4% 22.6% RBAN - Capital Required 128,320 896 Margin considering RBAN 427,187 259,429
Schedule of capital ratio	Schedule of capital ratio Nu Pagamentos 2022 2021 Adjusted Equity 1,135,199 570,418 Max Amount 3,923,171 2,487,136 Monthly average of payment transactions 3,923,171 2,487,136 Balance of electronic currencies 1,492,236 1,693,514 Capital Ratio 28.9% 22.9%

Segment information (Tables)

Segment information (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Information
Schedule of revenue and non-current assets per geographical area	Schedule of revenue and non-current assets per geographical area Revenue (a) Non-current assets (b) 2022 2021 2020 2022 2021 Brazil 3,121,129 1,285,849 609,232 551,668 491,805 Mexico 201,197 29,546 1,409 17,610 8,235 Colombia 20,369 805 1 5,124 650 Cayman Islands - - - 43,994 831 Germany - - - 88 150 Argentina - - - 46 73 United States 2,398 2,845 - 7,495 6,187 Total 3,345,093 1,319,045 610,642 626,025 507,931 (a) Includes interest income (credit card, lending and other receivables), interchange fees, recharge fees, rewards revenue, late fees and other fees and commission income. (b) Non-current assets are right-of-use assets, property, plant and equipment, intangible assets, and goodwill.

Non-cash transactions (Tables)

Non-cash transactions (Tables)	12 Months Ended
	Dec. 31, 2022
Non-cash Transactions
Schedule of non cash transactions	Schedule of non cash transactions 2022 2021 2020 Oivia's acquisition - share consideration 36,671 - - Contingent share award termination (note 10b) 355,573 - - Easynvest acquisition - share consideration - 271,229 - Conversion of senior preferred shares into equity - 400,915 - Spin Pay acquisition - share consideration - 6,346 -

Customer crypto safeguarding (T

Customer crypto safeguarding (Tables)	12 Months Ended
	Dec. 31, 2022
Customer Crypto Safeguarding
Schedule of customer crypto safeguarding	Schedule of customer crypto safeguarding 2022 Total approximate number of crypto held for customers 268,907 Fair value of the crypto-assets held by customers on the Group's platform Bitcoin 10,227 Ethereum 7,823 Matic 181 UNI 82 Total 18,313

Operations (Details)

Operations (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Nov. 02, 2021	Dec. 31, 2020	Dec. 31, 2019
IfrsStatementLineItems [Line Items]
Cash and cash equivalents	$ 4,172,316	$ 2,705,675		$ 2,343,780	$ 1,246,566
Intangible assets	182,164	72,337
Total identifiable net assets at fair value	$ 29,934,872	$ 19,858,681
Olivias [Member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents			$ 208
Other assets			615
Intangible assets			42,421
Liabilities			(6,400)
Total identifiable net assets at fair value			36,844
Goodwill arising on acquisition			10,381
Purchase consideration transferred			47,225
Equity consideration			36,671
Cash consideration			$ 10,554

Operations (Details 1)

Operations (Details 1) - USD ($) $ in Thousands		12 Months Ended
	Nov. 02, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Net cash outflow		$ 1,282,460	$ 257,469	$ 1,198,352
Olivia [Member]
IfrsStatementLineItems [Line Items]
Consideration paid in cash	$ 10,554
(-) Cash and cash equivalent balances acquired	(208)
Net cash outflow	$ 10,346

Operations (Details 2)

Operations (Details 2) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Goodwill	$ 397,397	$ 401,872
Intangible assets	182,164	72,337
Other intangible assets	98,672	14,339
Easynvests [Member]
IfrsStatementLineItems [Line Items]
Goodwill	381,125	392,989
Intangible assets	34,086	45,061
Cognitect Inc [Member]
IfrsStatementLineItems [Line Items]
Goodwill	831	831
Intangible assets	2,673	4,889
Spin Pay [Member]
IfrsStatementLineItems [Line Items]
Goodwill	5,060	5,372
Intangible assets	6,044	8,048
Akala [Member]
IfrsStatementLineItems [Line Items]
Goodwill		$ 2,680
Olivia [Member]
IfrsStatementLineItems [Line Items]
Goodwill	10,381
Intangible assets	$ 40,689

Operations (Details Narrative)

Operations (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands			1 Months Ended	12 Months Ended
	Dec. 09, 2021	Nov. 02, 2021	Jan. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Nov. 29, 2022
IfrsStatementLineItems [Line Items]
Disclosure of depositary receipts				A total of 7,557,679 BDRs were allocated to this program, equivalent to 1,259,613 ordinary class A shares. The total amount for this program was US$11,180 (R$60,331), based on the R$ 8.36 price per BDR. Nu recognized the costs associated with the Customer Program arising from funding the subscription and payment of the BDRs for the customers who participate in the Customer Program as a reduction in revenue in the fourth quarter of 2021.
Proceeds from exercise of the underwriters over-allotment option				$ 4,505	$ 12,252	$ 6,776
Olivia [Member]
IfrsStatementLineItems [Line Items]
Purchase price		$ 47,225
Cash		$ 10,554
Description of fair value determination		The following were the main assumptions used in the determination of the fair value of the identifiable assets acquired and liabilities assumed: (i) discount rate of 15.9% and growth rate of 2%, (ii) EBITDA margin close to 50%, and (iii) the residual value was calculated based on projected cash flows.
Revenue		$ 821
Loss due to acquisitions		27,683
Olivia [Member] | Customer-related intangible assets [member]
IfrsStatementLineItems [Line Items]
Intangible assets recognized		3,670
Olivia [Member] | Intellectual Properties [Member]
IfrsStatementLineItems [Line Items]
Intangible assets recognized		$ 37,065
Olivia [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Useful lives of assets				3 months
Olivia [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Useful lives of assets				6 years
Class A Ordinary Shares [Member] | Olivia [Member]
IfrsStatementLineItems [Line Items]
Shares issued on the first anniversary		3,909,449
Shares issued on consideration for post-combination services		3,970,986
Initial Public Offering [Member] | Class A Common Shares [Member]
IfrsStatementLineItems [Line Items]
Shares issued	2,602,026		27,555,298
Per shares value	$ 9
Offering cost	$ 61,717
Transaction costs	$ 47,545
Proceeds from exercise of the underwriters over-allotment option			$ 247,998
Initial Public Offering [Member] | Class A Common Shares [Member] | Brazilian Depositary Receipts [Member]
IfrsStatementLineItems [Line Items]
Shares issued	289,150,555
Per shares value	$ 8.36
Contingent Share 2021 Award [Member]
IfrsStatementLineItems [Line Items]
Termination expense							$ 356,000

Basis of consolidation (Details

Basis of consolidation (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Nu B N Mexico S Ade C V [Member]
Reserve Quantities [Line Items]
Entity	Nu BN México, S.A. de CV (“Nu Mexico”)
Control	Indirect
Principal activities	Multiple purpose financial company
Functional currency	MXN
Country of incorporation of subsidiary	Mexico
% equity interest	100%	100%	100%
Nu B N Servicios Mexico S Ade C V [Member]
Reserve Quantities [Line Items]
Entity	Nu BN Servicios México, S.A. de CV (“Nu Servicios")
Control	Indirect
Principal activities	Credit card operations
Functional currency	MXN
Country of incorporation of subsidiary	Mexico
% equity interest	100%	100%	100%
Nu B N Tecnologia S Ade C V [Member]
Reserve Quantities [Line Items]
Entity	Nu BN Tecnologia, S.A de CV (“Nu Tecnologia”)
Control	Indirect
Principal activities	Computer consulting service
Functional currency	MXN
Country of incorporation of subsidiary	Mexico
% equity interest	100%	100%	100%
Nu Colombia S A [Member]
Reserve Quantities [Line Items]
Entity	Nu Colombia S.A. (“Nu Colombia”)
Control	Indirect
Principal activities	Credit card operations
Functional currency	COP
Country of incorporation of subsidiary	Colombia
% equity interest	100%	100%	100%
Cognitect Inc [Member]
Reserve Quantities [Line Items]
Entity	Cognitect, Inc. ("Cognitect")
Control	Direct
Principal activities	Technology E-Hub
Functional currency	US$
Country of incorporation of subsidiary	USA
% equity interest	100%	100%	100%
Nu Pagamentos S A Instituicao De Pagamentos [Member]
Reserve Quantities [Line Items]
Entity	Nu Pagamentos S.A. - Instituição de Pagamentos (“Nu Pagamentos”)
Control	Indirect
Principal activities	Credit card and prepaid account operations
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100%	100%	100%
Nu Financeira S A S C F I [Member]
Reserve Quantities [Line Items]
Entity	Nu Financeira S.A. – SCFI (“Nu Financeira”)
Control	Indirect
Principal activities	Loan operations
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100%	100%	100%
Nu Asset Management Ltd [Member]
Reserve Quantities [Line Items]
Entity	Nu Asset Management Ltda. (“Nu Asset”) - former "Nu Investimentos"
Control	Indirect
Principal activities	Fund manager
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100%	100%	100%
Nu Distribuidora De Titulos E Valores Mobiliarios Ltda [Member]
Reserve Quantities [Line Items]
Entity	Nu Distribuidora de Titulos e Valores Mobiliarios Ltda. ("Nu DTVM")
Control	Indirect
Principal activities	Securities distribution
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100%	100%	100%
Nu Produtos Ltda [Member]
Reserve Quantities [Line Items]
Entity	Nu Produtos Ltda. ("Nu Produtos")
Control	Indirect
Principal activities	Insurance commission
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100%	100%	100%
Nu Invest Corretora De Valores S A [Member]
Reserve Quantities [Line Items]
Entity	Nu Invest Corretora de Valores S.A ("Nu Invest") - former “Easynvest TCV"
Control	Indirect
Principal activities	Investment platform
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100%
Nu Corretora De Seguros Ltda [Member]
Reserve Quantities [Line Items]
Entity	Nu Corretora de Seguros Ltda. ("Nu Corretora de Seguros") - former “Easynvest Corretora"
Control	Indirect
Principal activities	Insurance commission
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100%
Nu Plataformas Intermediacao De Negocios E Servicos Ltda [Member]
Reserve Quantities [Line Items]
Entity	Nu Plataformas - Intermediação de Negocios e Serviços Ltda ("Nu Plataforma")
Control	Indirect
Principal activities	Services platform
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100%
Nu Tecnologia S A [Member]
Reserve Quantities [Line Items]
Entity	Nu Tecnologia S.A ("Nu Tecnologia")
Control	Direct
Principal activities	Talent E-Hub
Functional currency	UYU
Country of incorporation of subsidiary	Uruguay
% equity interest	100%
Nu Mexico Financiera S A De C V S F P [Member]
Reserve Quantities [Line Items]
Entity	Nu México Financiera, S.A. de C.V., S.F.P. ("Nu Financiera") - former “Akala”
Control	Indirect
Principal activities	Multiple purpose financial company
Functional currency	MXN
Country of incorporation of subsidiary	Mexico
% equity interest	100%
Nu Pay For Business Instituicao De Pagamentos Ltda Spin Pay [Member]
Reserve Quantities [Line Items]
Entity	Nu Pay for Business Instituição de Pagamentos Ltda. ("Spin Pay")
Control	Indirect
Principal activities	Payment hub
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100%
Olivia A I Do Brasil Instituicao De Pagamento Ltda Olivia Pagamentos [Member]
Reserve Quantities [Line Items]
Entity	Olivia AI do Brasil Instituição de Pagamento Ltda. ("Olivia Pagamentos")
Control	Indirect
Principal activities	AI Fintech
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100%
Nu Crypto Ltda [Member]
Reserve Quantities [Line Items]
Entity	Nu Crypto Ltda.
Control	Indirect
Principal activities	Crypto distribution
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100%
Nu Colombia Compania De Financiamiento S A [Member]
Reserve Quantities [Line Items]
Entity	Nu Colombia Compañía de Financiamiento S.A.
Control	Indirect
Principal activities	Financial intermediary
Functional currency	COP
Country of incorporation of subsidiary	Colombia
% equity interest	100%
Nu Brasil Servicos Ltda [Member]
Reserve Quantities [Line Items]
Entity	Nu Brasil Serviços Ltda.
Control	Indirect
Principal activities	Administrative Services
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100%
Nu Brasil Tecnologia Ltda [Member]
Reserve Quantities [Line Items]
Entity	Nu Brasil Tecnologia Ltda
Control	Indirect
Principal activities	Information Technology Activities
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100%

Basis of consolidation (Detai_2

Basis of consolidation (Details 1) - Fundo De Investimento Ostrum Soberano Renda Fixa Referenciado D I [Member]	12 Months Ended
	Dec. 31, 2022
Reserve Quantities [Line Items]
Name of subsidiary	Fundo de Investimento Ostrum Soberano Renda Fixa Referenciado DI (“Fundo Ostrum”)
Country of incorporation of subsidiary	Brazil

Significant accounting polici_4

Significant accounting policies (Details)	12 Months Ended
	Dec. 31, 2022
Fixtures and fittings [member]
IfrsStatementLineItems [Line Items]
Useful life measured as period of time, property, plant and equipment	10 years
It Equipment [Member]
IfrsStatementLineItems [Line Items]
Useful life measured as period of time, property, plant and equipment	5 years
Software [Member]
IfrsStatementLineItems [Line Items]
Useful life measured as period of time, property, plant and equipment	5 years

Significant accounting polici_5

Significant accounting policies (Details 1)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
I P R J [Member]
IfrsStatementLineItems [Line Items]
Applicable tax rate	15%	15%
Surcharge	10%	10%
C S L L [Member]
IfrsStatementLineItems [Line Items]
Applicable tax rate	15%	15%
Surcharge	16%

Significant accounting judgme_3

Significant accounting judgments, estimates and assumptions (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Weighted [Member]
IfrsStatementLineItems [Line Items]
Credit card and lending ECL	$ 1,350,891
Upside [Member]
IfrsStatementLineItems [Line Items]
Credit card and lending ECL	1,262,010
Base Case [Member]
IfrsStatementLineItems [Line Items]
Credit card and lending ECL	1,332,708
Downside [Member]
IfrsStatementLineItems [Line Items]
Credit card and lending ECL	$ 1,458,974

Significant accounting judgme_4

Significant accounting judgments, estimates and assumptions (Details 1) - C G U [Member] $ in Millions	Dec. 31, 2022 USD ($)
IfrsStatementLineItems [Line Items]
Carrying amount	$ 423,473
Goodwill	$ 381,125
Discount rate	14.50%
Carrying amount	3.40%

Significant accounting judgme_5

Significant accounting judgments, estimates and assumptions (Details Narrative) - Total E C L [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
IfrsStatementLineItems [Line Items]
ECL allowance total	$ 1,350,891
Credit card operations	1,050,668
Loans	$ 300,223

Income and related expenses (De

Income and related expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Interest income and gains (losses) on financial instruments at fair value	$ 1,058,402	$ 312,776	$ 88,658
Total interest income and gains (losses) on financial instruments	3,555,213	1,046,746	382,922
Financial assets at amortised cost, category [member]
IfrsStatementLineItems [Line Items]
Interest income – other receivables	388,736	66,202	37,833
Financial assets, at fair value	1,087,619	309,196	84,819
Other assets [member]
IfrsStatementLineItems [Line Items]
Financial assets, at fair value	(29,217)	3,580	3,839
Credit Card 1 [Member]
IfrsStatementLineItems [Line Items]
Interest income – other receivables	1,014,875	357,831	217,356
Loans to consumers [member]
IfrsStatementLineItems [Line Items]
Interest income – other receivables	932,196	292,701	38,926
Other Receivable [Member]
IfrsStatementLineItems [Line Items]
Interest income – other receivables	$ 161,004	$ 17,236	$ 149

Income and related expenses (_2

Income and related expenses (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income And Related Expenses
Interchange fees	$ 917,373	$ 471,505	$ 254,327
Recharge fees	77,469	48,378	15,287
Rewards revenue	22,438	26,857	23,524
Late fees	104,499	49,951	31,237
Other fee and commission income	115,239	65,766	29,836
Customer Program ("NuSócios") (note 1b)		(11,180)
Total fee and commission income	$ 1,237,018	$ 651,277	$ 354,211

Income and related expenses (_3

Income and related expenses (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income And Related Expenses
Interest expense on deposits	$ 1,407,898	$ 317,420	$ 87,325
Other interest and similar expenses	140,005	49,924	26,599
Interest and other financial expenses	$ 1,547,903	$ 367,344	$ 113,924

Income and related expenses (_4

Income and related expenses (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income And Related Expenses
Bank slip costs	$ 33,963	$ 36,149	$ 46,480
Rewards expenses	42,422	36,885	29,624
Credit and debit card network costs	54,987	22,705	24,986
Other transactional expenses	45,055	21,380	25,725
Total transactional expenses	$ 176,427	$ 117,119	$ 126,815

Income and related expenses (_5

Income and related expenses (Details Narrative)	1 Months Ended
	Sep. 26, 2022
Income And Related Expenses
Interchange fee percentage	0.70%

Credit loss allowance expense_2

Credit loss allowance expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Net increase of loss allowance (note 13)	$ 1,404,911	$ 480,643	$ 169,485
Credit Card 1 [Member]
IfrsStatementLineItems [Line Items]
Net increase of loss allowance (note 13)	939,079	311,601	160,770
Recovery	(31,491)	(22,494)	(18,202)
Allowance account for credit losses of financial assets	907,588	289,107	142,568
Loans To Customer [Member]
IfrsStatementLineItems [Line Items]
Net increase of loss allowance (note 13)	501,843	192,078	27,020
Recovery	(4,520)	(542)	(103)
Allowance account for credit losses of financial assets	$ 497,323	$ 191,536	$ 26,917

Operating expenses (Details)

Operating expenses (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Infrastructure and data processing costs		$ 276,504	$ 134,761	$ 74,836
Credit analysis and collection costs		94,012	59,869	34,089
Customer services		83,997	55,045	39,563
Salaries and associated benefits		339,208	213,135	111,729
Credit and debit card issuance costs		56,863	39,156	17,896
Share-based compensation (note 10a)		286,450	225,445	56,273
Specialized services expenses		39,842	29,200	17,429
Other personnel costs		51,472	20,982	12,088
Depreciation and amortization		35,581	17,339	7,430
Marketing expenses		136,142	71,775	16,479
Others	[1]	216,247	36,374	31,123
Subtotal		1,616,318
Share-based compensation - contingent share award termination (note 10b)	[2]	355,573
Total		1,971,891	903,081	418,935
Recognition of expenses		355,573
Customer Support And Operations [Member]
IfrsStatementLineItems [Line Items]
Infrastructure and data processing costs		132,163	70,928	45,725
Credit analysis and collection costs		54,239	34,026	21,737
Customer services		74,438	48,122	34,075
Salaries and associated benefits		48,661	19,898	13,862
Credit and debit card issuance costs		13,174	13,711	6,074
Share-based compensation (note 10a)
Specialized services expenses
Other personnel costs		8,553	2,253	1,827
Depreciation and amortization		3,965	1,217	79
Marketing expenses
Others	[1]	170	354	571
Subtotal		335,363
Share-based compensation - contingent share award termination (note 10b)	[2]
Total		335,363	190,509	123,950
Selling, general and administrative expense [member]
IfrsStatementLineItems [Line Items]
Infrastructure and data processing costs		144,341	63,833	29,111
Credit analysis and collection costs		39,773	25,843	12,352
Customer services		9,559	6,923	5,488
Salaries and associated benefits		275,117	185,715	95,060
Credit and debit card issuance costs		43,689	25,445	11,822
Share-based compensation (note 10a)		286,450	225,445	56,273
Specialized services expenses		39,842	29,200	17,429
Other personnel costs		41,494	18,452	10,121
Depreciation and amortization		31,616	16,122	7,351
Marketing expenses
Others	[1]	65,813	31,923	21,017
Subtotal		977,694
Share-based compensation - contingent share award termination (note 10b)	[2]	355,573
Total		1,333,267	628,901	266,024
Marketing [Member]
IfrsStatementLineItems [Line Items]
Infrastructure and data processing costs
Credit analysis and collection costs
Customer services
Salaries and associated benefits		15,430	7,522	2,807
Credit and debit card issuance costs
Share-based compensation (note 10a)
Specialized services expenses
Other personnel costs		1,425	277	140
Depreciation and amortization
Marketing expenses		136,142	71,775	16,479
Others	[1]
Subtotal		152,997
Share-based compensation - contingent share award termination (note 10b)	[2]
Total		152,997	79,574	19,426
Other Income Expenses [Member]
IfrsStatementLineItems [Line Items]
Infrastructure and data processing costs
Credit analysis and collection costs
Customer services
Salaries and associated benefits
Credit and debit card issuance costs
Share-based compensation (note 10a)
Specialized services expenses
Other personnel costs
Depreciation and amortization
Marketing expenses
Others	[1]	150,264	4,097	9,535
Subtotal		150,264
Share-based compensation - contingent share award termination (note 10b)	[2]
Total		$ 150,264	$ 4,097	$ 9,535
[1]"Others" mainly includes federal taxes on financial income, taxes related to transfer pricing and exchange rate variation.[2]The termination of the 2021 Contingent Share Award resulted in a one-time, non-cash recognition of expenses in the total amount of US$ 355,573

Loss per share (Details)

Loss per share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Loss Per Share
Loss attributable to shareholders of the parent company	$ (364,578)	$ (164,993)	$ (171,491)
Weighted average outstanding shares ordinary shares basic	4,676,941	1,602,126	1,315,578
Deferred M&A shares that will be issued based on the passage of time only	$ 36
Total weighted average of ordinary outstanding shares for basic and diluted EPS	4,676,977	1,602,126	1,315,578
Basic and diluted earning loss per share	$ (0.0780)	$ (0.1030)	$ (0.1304)
Antidilutive instruments not considered in the weighted number of shares	184,362	334,436	405,394

Share-based payments (Details)

Share-based payments (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Payments
Outstanding on January 1	143,889,439	42,515,821	51,034,938
Outstanding on January 1 per share	$ 0.55	$ 1.58	$ 0.91
Granted during the year		1,141,362	3,376,767
Granted during the year per share		$ 23.75	$ 9.92
Exercised during the year	(37,095,966)	(18,822,551)	(6,804,750)
Exercised during the year per share	$ 0.12	$ 0.38	$ 0.24
Forfeited during the year	(5,517,146)	(853,059)	(5,091,134)
Balances before 6-for-1 forward share split	101,276,327	23,981,573	42,515,821
Balances before 6-for-1 forward share split per share	$ 0.72	$ 3.01	$ 1.58
Issuance of options due to 6-for-1 forward split		119,907,866
Outstanding on December 31	101,276,327	143,889,439	42,515,821
Outstanding on December 31 per share	$ 0.72	$ 0.55	$ 1.58
Exercisable on December 31	81,813,095	101,416,310	30,190,826
Weighted average share price1	$ 0.55	$ 0.33	$ 0.56
Outstanding on January 1	80,924,937	5,294,454
Outstanding on January 1 per share	$ 4.82	$ 10.47
Granted during the year	32,294,522	13,103,243	6,048,335
Granted during the year per share	$ 5.47	$ 36.65	$ 10.45
Vested during the year	(27,322,614)	(3,092,289)	(430,680)
Weighted average share price exercised2	$ 3.64	$ 15.06	$ 10.46
Forfeited during the year	(13,494,950)	(1,817,919)	(323,201)
Balances before 6-for-1 forward share split	72,401,895	13,487,489	5,294,454
Weighted average share price before1	$ 5.46	$ 28.91	$ 10.47
Issuance of RSUs due to 6-for-1 forward split		67,437,448
Outstanding on December 31	72,401,895	80,924,937	5,294,454
Weighted average share price2	$ 5.46	$ 4.82	$ 10.47

Share-based payments (Details 1

Share-based payments (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Payments
SOP and RSU expenses and related corporate and social security taxes expenses	$ 126,167	$ 151,115	$ 42,981
RSUs and SOPs grant - business combination	43,116	45,597	4,946
Awards expenses and related taxes, prior to the cancelation	113,172	28,733	8,346
Fair value adjustment - hedge of corporate and social security taxes (note 18)	3,995
Total share-based compensation expenses (note 8)	286,450	225,445	56,273
Share-based payments granted, net of shares withheld for employee taxes	201,991	139,025	40,861
Liability provision for taxes presented as salaries, allowances and social security contributions	$ 32,554	$ 61,772	$ 10,334

Share-based payments (Details 2

Share-based payments (Details 2) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Weighted average fair value of option granted	$ 2.58		$ 7.45
Weighted average fair value of option granted1	3.97		10.53
Weighted average fair value of option granted11		$ 3.98
Weighted average fair value of option granted minimum			6.70
Weighted average fair value of option granted maximum			$ 10.4
Weighted average fair value of option granted percentage minimum		72.50%	69.50%
Weighted average fair value of option granted percentage maximum		75%	77.90%
Risk free interest rate P		0.005
Risk free interest rate P minimum			0.013
Risk free interest rate P maximum			0.017
Weighted average fair value of option granted2	$ 7.72	$ 6.38	$ 10.6
Weighted average remaining contractual life of outstanding share options	4 years 9 months 18 days	5 years 8 months 12 days	6 years
Vested	44,849	33,437	16,761
Unvested	28,169	46,146	50,375
Not later than one year [member]
IfrsStatementLineItems [Line Items]
Range of exercise prices remaining at year end	45.07%	51.96%	68.60%
Later than two years and not later than three years [member]
IfrsStatementLineItems [Line Items]
Range of exercise prices remaining at year end	28.20%	28.58%	22.20%
Later than three years and not later than four years [member]
IfrsStatementLineItems [Line Items]
Range of exercise prices remaining at year end	26.73%	19.46%	9.20%

Share-based payments (Details 3

Share-based payments (Details 3)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-based Payments
Most relevant vesting periods for the grants outstanding	53.52%	49.70%
Most relevant vesting periods for grants outstanding1	39.95%	44.50%
Most relevant vesting periods for grants outstanding minimum		68%
Most relevant vesting periods for grants outstanding maximum		75%
Most relevant vesting periods for grants outstanding minimum1		17%
Most relevant vesting periods for grants outstanding maximum1		19%
Most relevant vesting periods for grants outstanding minimum 2		0.06%
Most relevant vesting periods for grants outstanding maximum 2		0.11%
Description of awards vesting period	Up to 3.2 years	Up to 7.4 years

Share-based payments (Details 4

Share-based payments (Details 4) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Share-based Payments
Contingent share award termination	$ 355,573

Share-based payments (Details N

Share-based payments (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		12 Months Ended
	Nov. 29, 2022	Nov. 22, 2021	Dec. 31, 2022	Nov. 22, 2022
IfrsStatementLineItems [Line Items]
Expenses			$ 355,573
Oridinary percentage				1%
Share price		$ 18.69
Share price		$ 35.30
Expenses			$ 30,043
Class A Ordinary Shares [Member]
IfrsStatementLineItems [Line Items]
Oridinary percentage		1%
Share price		$ 35.30
Chief Executive Officer [Member]
IfrsStatementLineItems [Line Items]
Expenses	$ 355,573

Cash and cash equivalents (Deta

Cash and cash equivalents (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash and cash equivalents [abstract]
Reverse repurchase agreement in foreign currency	$ 59,519	$ 1,115,805
Short-term investments	153,743	1,412,901
Voluntary deposits at central banks	2,451,150
Bank balances	1,506,727	174,142
Other cash and cash equivalents	1,177	2,827
Total	$ 4,172,316	$ 2,705,675	$ 2,343,780	$ 1,246,566

Securities (Details)

Securities (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Cost		$ 82,894
Fair Value 1		91,853	$ 815,962
Upto12 Months		3,980
Over 12 months		64,886
No maturity		35,527
No maturity		$ 22,987
Average return percentage		101.69%	106.30%
Brazilian Reais [Member]
IfrsStatementLineItems [Line Items]
Financial instruments fair value original currency		$ 334,783	$ 3,718,139
Financial instruments fair value US		63,401	666,835
United State Currency [Member]
IfrsStatementLineItems [Line Items]
Financial instruments fair value original currency		6,370	118,392
Financial instruments fair value US		6,370	118,392
Others [Member]
IfrsStatementLineItems [Line Items]
Financial instruments fair value original currency		1,826,954	2,364,231
Financial instruments fair value US		$ 22,082	30,735
Government Bonds Brazil [Member]
IfrsStatementLineItems [Line Items]
Description of maturity date	[1]	03/27
Cost	[1]	$ 159
Fair Value 1	[1]	163	571,753
Upto12 Months	[1]	163
Government Bonds [Member]
IfrsStatementLineItems [Line Items]
Cost	[1]	159
Fair Value 1	[1]	163
Upto12 Months	[1]	$ 163
Corporate Bonds And Other Instruments Bill Of Credit [Member]
IfrsStatementLineItems [Line Items]
Description of maturity date		10/22 - 02/25
Cost		$ 138
Fair Value 1		138	14
Upto12 Months		$ 138
Certificate Of Bank Deposits [Member]
IfrsStatementLineItems [Line Items]
Description of maturity date		10/22 - 02/25
Cost		$ 3,765
Fair Value 1		3,712	81,810
Upto12 Months		2,990
Over 12 months		$ 722
Real Estate And Agri Business Letter Of Credit [Member]
IfrsStatementLineItems [Line Items]
Description of maturity date		10/22 - 07/26
Cost		$ 1,196
Fair Value 1		1,197	1,508
Upto12 Months		668
Over 12 months		$ 529
Corporate Bond And Debenturest [Member]
IfrsStatementLineItems [Line Items]
Description of maturity date		01/23 - 05/44
Cost		$ 46,896
Fair Value 1		46,680	120,859
Over 12 months		46,680
Equity Instrumentt [Member]
IfrsStatementLineItems [Line Items]
Cost	[2]	12,483
Fair Value 1	[2]	22,082	30,735
No maturity	[2]	22,082
Investment Funds 1 [Member]
IfrsStatementLineItems [Line Items]
Fair Value 1			9,125
Stocks Issued By Public Held Company [Member]
IfrsStatementLineItems [Line Items]
Fair Value 1			158
Time Deposit [Member]
IfrsStatementLineItems [Line Items]
Cost		905
Fair Value 1		905
No maturity		$ 905
Real Estate And Agribusiness Certificate Of Receivables [Member]
IfrsStatementLineItems [Line Items]
Description of maturity date		01/23 - 08/37
Cost		$ 17,352
Fair Value 1		16,976
Upto12 Months		21
Over 12 months		16,955
Corporate Bonds And Other Instruments [Member]
IfrsStatementLineItems [Line Items]
Cost		82,735
Fair Value 1		91,690	$ 244,209
Upto12 Months		3,817
Over 12 months		64,886
No maturity		$ 22,987
[1]Government bonds are mainly composed of Financial Treasury Bills ("LFTs") and National Treasury Bills ("LTNs"), which had an average return of 101.69 106.3

Securities (Details 1)

Securities (Details 1) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Cost		$ 9,966,284
Fair Value		9,947,138	$ 8,163,428
Up to 12 months		3,144,574
Over 12 months		6,767,037
Cost		82,894
Fair Value		91,853	815,962
Over 12 months		64,886
Fair value no maturity		35,527
Up to 12 months		3,980
Brazil, Brazil Real
IfrsStatementLineItems [Line Items]
Financial instruments fair value original currency1		45,527,868	34,643,103
Financial Instruments Fair Value US1		8,622,049	6,213,118
United States of America, Dollars
IfrsStatementLineItems [Line Items]
Financial instruments fair value original currency1		1,323,707	1,949,806
Financial Instruments Fair Value US1		1,323,707	1,949,806
Others [Member]
IfrsStatementLineItems [Line Items]
Financial instruments fair value original currency1		26,949	10,347
Financial Instruments Fair Value US1		$ 1,382	504
Government Bonds Brazil One [Member]
IfrsStatementLineItems [Line Items]
Description of Maturity	[1]	03/23 - 09/28
Cost	[1]	$ 8,214,332
Fair Value	[1]	8,222,115	6,074,435
Up to 12 months	[1]	2,593,462
Over 12 months	[1]	$ 5,628,653
Government Bonds United States [Member]
IfrsStatementLineItems [Line Items]
Description of Maturity	[1]	12/22 - 08/25
Cost	[1]	$ 175,182
Fair Value	[1]	171,184	830,124
Over 12 months	[1]	$ 171,184
Government Bonds Colombia [Member]
IfrsStatementLineItems [Line Items]
Description of Maturity	[1]	02/24
Fair Value	[1]		504
Government Bonds Mexico [Member]
IfrsStatementLineItems [Line Items]
Description of Maturity	[1]	01/26
Cost	[1]	$ 1,509
Fair Value	[1]	1,382
Over 12 months	[1]	1,382
Government Bonds 1 [Member]
IfrsStatementLineItems [Line Items]
Cost	[1]	8,391,023
Fair Value	[1]	8,394,681	6,905,063
Up to 12 months	[1]	2,593,462
Over 12 months	[1]	$ 5,801,219
Corporate Bonds And Other Instruments 1 Debentures [Member]
IfrsStatementLineItems [Line Items]
Description of Maturity		01/23 - 10/70
Up to 12 months		$ 105,581
Cost		810,744
Fair Value		788,948	924
Over 12 months		$ 683,367
Corporate Bonds And Other Instruments 1 Investment Funds [Member]
IfrsStatementLineItems [Line Items]
Description of Maturity		03/24
Cost		$ 302,779
Fair Value		302,779	137,759
Over 12 months		267,252
Fair value no maturity		$ 35,527
Corporate Bonds And Other Instruments 1 Time Deposit [Member]
IfrsStatementLineItems [Line Items]
Description of Maturity		01/23 - 06/23
Cost		$ 446,540
Fair Value		445,531	1,119,682
Up to 12 months		445,531
Corporate Bonds And Other Instruments 1 Real Estate And Agribusiness [Member]
IfrsStatementLineItems [Line Items]
Cost		15,198
Fair Value		15,199
Over 12 months		15,199
Corporate Bonds And Other Instruments 1 [Member]
IfrsStatementLineItems [Line Items]
Cost		1,575,261
Fair Value		1,552,457	$ 1,258,365
Over 12 months		965,818
Fair value no maturity		35,527
Up to 12 months		$ 551,112
[1]Includes US$2,252,464 (US$2,082,519 on December 31, 2021) held by the subsidiaries for regulatory purposes, as required by the Brazilian Central Bank. It also includes Brazilian government securities margins pledged by the Group for transactions on the Brazilian stock exchange in the amount of US$160,485 (US$116,254 on December 31, 2021). Government bonds are classified as Level 1 in the fair value hierarchy, as described in note 26.

Credit card receivables (Detail

Credit card receivables (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Credit Card Receivables
Receivables - current	[1]	$ 4,236,235	$ 2,341,492
Receivables - installments	[1]	4,259,979	2,483,647
Receivables - revolving	[2]	770,011	337,014
Total receivables		9,266,225	5,162,153
Fair value adjustment - portfolio hedge (note 18)		(51)
Total		9,266,174	5,162,153
Credit card ECL allowance
Presented as deduction of receivables		(1,033,102)	(381,633)
Presented as "Other liabilities"		(17,566)	(9,046)
Total credit card ECL allowance		(1,050,668)	(390,679)
Receivables, net		8,215,506	4,771,474
Total receivables presented as assets		$ 8,233,072	$ 4,780,520
[1]"Receivables - current" is related to purchases made by customers due on the next credit card billing date, and pix financing in one installment. "Receivables - installments" is related to purchases in installments which are financed by the merchant. Cardholder's purchase is paid in up to 12, 24 and 36 in Brazil, Mexico and Colombia, respectively, in monthly installments on purchases in installments. Cardholder's credit limit is reduced whenever there is a transaction by the customer. The Group makes the corresponding payments to the credit card network (see note 21) following a similar schedule. As receipts and payments are aligned, the Group does not incur significant financing costs with this product, however it is exposed to the credit risk of the cardholder as it is obliged to make the payments to the credit card network even if the cardholder does not pay. "Receivables - installments" also includes the amounts of credit card bills not fully paid by the customers and that have been converted into payments in installments with a fixed interest rate ( fatura parcelada fatura parcelada .

Credit card receivables (Deta_2

Credit card receivables (Details 1) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 585,568	$ 147,243
Total	$ 9,266,225	$ 5,162,153
Total %	100%	100%
Installments Not Overdue Due [Member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 8,464,436	$ 4,885,023
Total not overdue %	91.30%	94.60%
Installments Not Overdue Due [Member] | Not later than one year [member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 4,036,414	$ 2,401,149
Total not overdue %	43.60%	46.50%
Installments Not Overdue Due [Member] | Later than one year [member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 1,604,056	$ 904,864
Total not overdue %	17.30%	17.50%
Installments Not Overdue Due [Member] | Later than one year and not later than two years [member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 2,823,966	$ 1,579,010
Total not overdue %	30.50%	30.60%
Installments Overdue [Member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 801,789	$ 277,130
Total not overdue %	8.70%	5.40%
Installments Overdue [Member] | Not later than one year [member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 237,531	$ 77,527
Total not overdue %	2.60%	1.50%
Installments Overdue [Member] | Later than one year [member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 91,604	$ 34,476
Total not overdue %	1%	0.70%
Installments Overdue [Member] | Later than one year and not later than two years [member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 74,917	$ 26,747
Total not overdue %	0.80%	0.50%
Installments Overdue [Member] | Later than two years and not later than three years [member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 397,737	$ 138,380
Total not overdue %	4.30%	2.70%

Credit card receivables (Deta_3

Credit card receivables (Details 2) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 9,266,225	$ 5,162,153
Gross exposures (percent)	100%	100%
Loss Allowance	$ 1,050,668	$ 390,679
Loss allowance (percent)	100%	100%
Coverage ratio	11.30%	7.60%
Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 7,750,270	$ 4,525,689
Gross exposures (percent)	83.60%	87.70%
Loss Allowance	$ 322,970	$ 127,358
Loss allowance (percent)	30.70%	32.60%
Coverage ratio	4.20%	2.80%
Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 917,178	$ 440,105
Gross exposures (percent)	9.90%	8.50%
Loss Allowance	$ 254,181	$ 126,392
Loss allowance (percent)	24.20%	32.40%
Coverage ratio	27.70%	28.70%
Stage 2 [Member] | Absolute Trigger [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 215,209	$ 131,409
Gross exposures (percent)	23.50%	29.90%
Loss Allowance	$ 140,167	$ 61,844
Loss allowance (percent)	55.10%	48.90%
Coverage ratio	65.10%	47.10%
Stage 2 [Member] | Relative Trigger [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 701,969	$ 308,696
Gross exposures (percent)	76.50%	70.10%
Loss Allowance	$ 114,014	$ 64,548
Loss allowance (percent)	44.90%	51.10%
Coverage ratio	16.20%	20.90%
Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 598,777	$ 196,359
Gross exposures (percent)	6.50%	3.80%
Loss Allowance	$ 473,517	$ 136,929
Loss allowance (percent)	45.10%	35%
Coverage ratio	79.10%	69.70%

Credit card receivables (Deta_4

Credit card receivables (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	$ 300,223	$ 197,536
Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	76,454	68,926
Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	148,233	72,935
Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	75,536	55,675
Strong Credit One [Member]
IfrsStatementLineItems [Line Items]
Credit exposure	$ 6,097,909	$ 3,755,666
Credit exposure ratio	65.80%	72.80%
Utilisation, allowance account for credit losses of financial assets	$ 113,780	$ 40,480
Credit loss ratio	10.80%	10.40%
Coverage ratio	1.90%	1.10%
Strong Credit [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	$ 9,344	$ 4,196
Strong Credit [Member] | Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Credit exposure	$ 6,081,551	$ 3,754,626
Credit exposure ratio	99.70%	100%
Utilisation, allowance account for credit losses of financial assets	$ 9,093	$ 4,002
Credit loss ratio	99.80%	99.90%
Coverage ratio	1.90%	1.10%
Strong Credit [Member] | Stage One [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	$ 113,525	$ 40,435
Strong Credit [Member] | Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Credit exposure	$ 16,358	$ 1,040
Credit exposure ratio	0.30%	0%
Utilisation, allowance account for credit losses of financial assets	$ 251	$ 194
Credit loss ratio	0.20%	0.10%
Coverage ratio	1.60%	4.30%
Strong Credit [Member] | Stage Two [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	$ 255	$ 45
Satisfactory Credit One [Member]
IfrsStatementLineItems [Line Items]
Credit exposure	$ 1,477,414	$ 804,608
Credit exposure ratio	15.90%	15.60%
Utilisation, allowance account for credit losses of financial assets	$ 118,825	$ 71,149
Credit loss ratio	11.20%	18.20%
Coverage ratio	8%	8.80%
Satisfactory Credit One [Member] | Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Credit exposure	$ 1,227,610	$ 675,507
Credit exposure ratio	83.10%	84%
Credit loss ratio	84.30%	80.30%
Coverage ratio	8.20%	8.50%
Satisfactory Credit One [Member] | Stage One [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	$ 100,190	$ 57,102
Satisfactory Credit One [Member] | Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Credit exposure	$ 249,804	$ 129,101
Credit exposure ratio	16.90%	16%
Credit loss ratio	15.70%	19.70%
Coverage ratio	7.50%	10.90%
Satisfactory Credit One [Member] | Stage Two [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	$ 18,635	$ 14,047
Higher Risk Credit One [Member]
IfrsStatementLineItems [Line Items]
Credit exposure	$ 1,690,902	$ 601,879
Credit exposure ratio	18.30%	11.60%
Utilisation, allowance account for credit losses of financial assets	$ 818,063	$ 279,050
Credit loss ratio	78%	71.40%
Coverage ratio	48.40%	46.40%
Higher Risk Credit One [Member] | Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Credit exposure	$ 441,109	$ 95,556
Credit exposure ratio	26.10%	15.90%
Credit loss ratio	13.40%	10.70%
Coverage ratio	24.80%	31.20%
Higher Risk Credit One [Member] | Stage One [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	$ 109,255	$ 29,821
Higher Risk Credit One [Member] | Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Credit exposure	$ 651,016	$ 309,964
Credit exposure ratio	38.50%	51.50%
Credit loss ratio	28.80%	40.20%
Coverage ratio	36.10%	36.20%
Higher Risk Credit One [Member] | Stage Two [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	$ 235,291	$ 112,300
Higher Risk Credit One [Member] | Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Credit exposure	$ 598,777	$ 196,359
Credit exposure ratio	35.40%	32.60%
Credit loss ratio	57.90%	49.10%
Coverage ratio	79.10%	69.70%
Higher Risk Credit One [Member] | Stage Three [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	$ 473,517	$ 136,929
Total [Member]
IfrsStatementLineItems [Line Items]
Credit exposure	$ 9,266,225	$ 5,162,153
Credit exposure ratio	100%	100%
Utilisation, allowance account for credit losses of financial assets	$ 1,050,668	$ 390,679
Credit loss ratio	100%	100%
Coverage ratio	11.30%	7.60%

Credit card receivables (Deta_5

Credit card receivables (Details 5)	12 Months Ended
	Dec. 31, 2022
Grade One [Member] | Stage 1and 2 [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	<1%
Grade One [Member] | Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Strong
Grade One [Member] | Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Strong
Grade Two [Member] | Stage 1and 2 [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	1.0% to 5.0%
Grade Two [Member] | Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Strong
Grade Two [Member] | Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Strong
Grade Three [Member] | Stage 1and 2 [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	5.0% to 20.0%
Grade Three [Member] | Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Satisfactory
Grade Three [Member] | Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Satisfactory
Grade Four [Member] | Stage 1and 2 [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	20.0% to 35.0%
Grade Four [Member] | Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Grade Four [Member] | Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Grade Five [Member] | Stage 1and 2 [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	>35%
Grade Five [Member] | Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Grade Five [Member] | Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Grade Five [Member] | Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Probability of default	100%

Credit card receivables (Deta_6

Credit card receivables (Details 6) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Loss allowance at beginning of year		$ 127,358	$ 79,296	$ 68,437
Transfers from Stage 1 to Stage 2		(19,469)	(10,514)	(4,252)
Transfers from Stage 2 to Stage 1		38,029	17,840	27,974
Transfers to Stage 3		(22,691)	(7,023)	(3,929)
Transfers from Stage 3		6,148	151	246
Write-offs			0	0
Net increase of loss allowance		190,073	54,096	6,154
New originations	[1]	144,394	94,367	27,727
Changes in exposure of preexisting accounts	[2]	115,746	120,420	0
Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes		(97,269)	(161,906)	(9,593)
Changes to models used in calculation	[3]	27,202	1,215	(11,980)
Effect of changes in exchange rates (OCI)		3,522	(6,488)	(15,334)
Loss allowance at end of the year		322,970	127,358	79,296
Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Loss allowance at beginning of year		126,392	60,391	75,531
Transfers from Stage 1 to Stage 2		19,469	10,514	4,252
Transfers from Stage 2 to Stage 1		(38,029)	(17,840)	(27,974)
Transfers to Stage 3		(64,523)	(13,176)	(11,252)
Transfers from Stage 3		1,659	70	129
Write-offs			0
Net increase of loss allowance		203,018	92,658	36,643
New originations	[1]	22,320	9,547	2,421
Changes in exposure of preexisting accounts	[2]	4,813	2,585	0
Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes		210,317	79,282	33,474
Changes to models used in calculation	[3]	(34,432)	1,244	748
Effect of changes in exchange rates (OCI)		6,195	(6,225)	(16,938)
Loss allowance at end of the year		254,181	126,392	60,391
Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Loss allowance at beginning of year		136,929	77,855	79,929
Transfers from Stage 1 to Stage 2		0		0
Transfers from Stage 2 to Stage 1		0		0
Transfers to Stage 3		87,214	20,199	15,181
Transfers from Stage 3		(7,807)	(221)	(375)
Write-offs		(290,974)	(118,518)	(116,856)
Net increase of loss allowance		545,988	164,847	117,973
New originations	[1]	11,167	3,979	1,376
Changes in exposure of preexisting accounts	[2]	2,400	363	0
Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes		519,615	160,186	104,248
Changes to models used in calculation	[3]	12,806	319	12,349
Effect of changes in exchange rates (OCI)		2,167	(7,233)	(17,997)
Loss allowance at end of the year		473,517	136,929	77,855
Total [Member]
IfrsStatementLineItems [Line Items]
Loss allowance at beginning of year		390,679	217,542	223,897
Transfers from Stage 1 to Stage 2		0		0
Transfers from Stage 2 to Stage 1		0	0	0
Transfers to Stage 3		0	0	0
Transfers from Stage 3		0	0	0
Write-offs		(290,974)	(118,518)	(116,856)
Net increase of loss allowance		939,079	311,601	160,770
New originations	[1]	177,881	107,893	31,524
Changes in exposure of preexisting accounts	[2]	122,959	123,368	0
Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes		632,663	77,562	128,129
Changes to models used in calculation	[3]	5,576	2,778	1,117
Effect of changes in exchange rates (OCI)		11,884	(19,946)	(50,269)
Loss allowance at end of the year		$ 1,050,668	$ 390,679	$ 217,542
[1]Considers all accounts originated from the beginning to the end of the period. ECL effects presented in the table were calculated as if risk parameters at the beginning of the period were applied.[2]Reflects the movements in exposure of accounts that already existed in the beginning of the period, as increase in credit limits. ECL effects were calculated as if risk parameters of the exposures at the beginning of the period were applied.[3]Relates to methodology changes that occurred during the period, according to the Group's processes of model monitoring.

Credit card receivables (Deta_7

Credit card receivables (Details 7) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross carrying amount at beginning of year	$ 4,525,689	$ 2,799,999	$ 2,484,556
Transfers from Stage 1 to Stage 2	(377,421)	(168,654)	(79,734)
Transfers from Stage 2 to Stage 1	178,742	73,448	162,232
Transfers to Stage 3	(218,192)	(72,328)	(43,582)
Transfers from Stage 3	8,576	156	435
Write-offs	0	0	0
Net change of gross carrying amount	3,450,551	2,145,118	839,461
Effect of changes in exchange rates (OCI)	182,325	(252,050)	(563,369)
Gross carrying amount at end of the year	7,750,270	4,525,689	2,799,999
Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross carrying amount at beginning of year	440,105	202,673	389,734
Transfers from Stage 1 to Stage 2	377,421	168,654	79,734
Transfers from Stage 2 to Stage 1	(178,742)	(73,448)	(162,232)
Transfers to Stage 3	(168,974)	(41,112)	(49,951)
Transfers from Stage 3	2,325	68	226
Write-offs	0	0	0
Net change of gross carrying amount	427,186	205,148	31,990
Effect of changes in exchange rates (OCI)	17,857	(21,878)	(86,828)
Gross carrying amount at end of the year	917,178	440,105	202,673
Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Gross carrying amount at beginning of year	196,359	116,200	136,131
Transfers from Stage 1 to Stage 2		0	0
Transfers from Stage 2 to Stage 1	0		0
Transfers to Stage 3	387,166	113,440	93,533
Transfers from Stage 3	(10,901)	(224)	(661)
Write-offs	(290,974)	(120,071)	(116,856)
Net change of gross carrying amount	313,606	97,356	34,640
Effect of changes in exchange rates (OCI)	3,521	(10,342)	(30,587)
Gross carrying amount at end of the year	598,777	196,359	116,200
Total [Member]
IfrsStatementLineItems [Line Items]
Gross carrying amount at beginning of year	5,162,153	3,118,872	3,010,421
Transfers from Stage 1 to Stage 2	0	0	0
Transfers from Stage 2 to Stage 1	0	0	0
Transfers to Stage 3	0	0	0
Transfers from Stage 3	0	0	0
Write-offs	(290,974)	(120,071)	(116,856)
Net change of gross carrying amount	4,191,343	2,447,622	906,091
Effect of changes in exchange rates (OCI)	203,703	(284,270)	(680,784)
Gross carrying amount at end of the year	$ 9,266,225	$ 5,162,153	$ 3,118,872

Credit card receivables (Deta_8

Credit card receivables (Details Narrative)	Dec. 31, 2022	Dec. 31, 2021
Credit Card Receivables
Credit percentage	6.50%	3.80%

Loans to customers (Details)

Loans to customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Loans To Customers
Lending to individuals	$ 1,976,499	$ 1,392,350
Loan ECL allowance	(300,223)	(197,536)
Total receivables	1,676,276	1,194,814
Fair value adjustment - portfolio hedge (note 18)	(2,836)	0
Total	$ 1,673,440	$ 1,194,814

Loans to customers (Details 1)

Loans to customers (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Breakdown by maturity	$ 1,976,499	$ 1,392,350
Breakdown by maturity ratio	100%	100%
Less Than One Year [Member]
IfrsStatementLineItems [Line Items]
Breakdown by maturity	$ 1,697,288	$ 1,155,760
Breakdown by maturity ratio	85.90%	83.50%
Between One And Five Years [Member]
IfrsStatementLineItems [Line Items]
Breakdown by maturity	$ 198,533	$ 189,051
Breakdown by maturity ratio	10%	13.10%
Total Not Overdue Installments [Member]
IfrsStatementLineItems [Line Items]
Breakdown by maturity	$ 1,895,821	$ 1,344,811
Breakdown by maturity ratio	95.90%	96.60%
Less Than Thirty Days [Member]
IfrsStatementLineItems [Line Items]
Breakdown by maturity	$ 30,509	$ 13,423
Breakdown by maturity ratio	1.50%	1%
Less Than Thirty Days And Sixty Days [Member]
IfrsStatementLineItems [Line Items]
Breakdown by maturity	$ 18,191	$ 8,948
Breakdown by maturity ratio	1%	0.60%
Less Than Sixty Days And Ninty Days [Member]
IfrsStatementLineItems [Line Items]
Breakdown by maturity	$ 13,315	$ 5,757
Breakdown by maturity ratio	0.70%	0.40%
Between Ninty Days [Member]
IfrsStatementLineItems [Line Items]
Breakdown by maturity	$ 18,663	$ 19,411
Breakdown by maturity ratio	0.90%	1.40%
Total Overdue Installments [Member]
IfrsStatementLineItems [Line Items]
Breakdown by maturity	$ 80,678	$ 47,539
Breakdown by maturity ratio	4.10%	3.40%

Loans to customers (Details 2)

Loans to customers (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 1,976,499	$ 1,392,350
Percentage of credit exposure	100%	100%
Loss Allowance	$ 300,223	$ 197,536
Percentage of loss allowance	100%	100%
Coverage Ratio	15.20%	14.20%
Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 1,521,040	$ 1,129,522
Percentage of credit exposure	77%	81.10%
Loss Allowance	$ 76,454	$ 68,926
Percentage of loss allowance	25.50%	34.90%
Coverage Ratio	5%	6.10%
Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 351,166	$ 200,040
Percentage of credit exposure	17.80%	14.40%
Loss Allowance	$ 148,233	$ 72,935
Percentage of loss allowance	49.30%	36.90%
Coverage Ratio	42.20%	36.50%
Absolute Trigger Days Late [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 87,841	$ 39,510
Percentage of credit exposure	25%	19.80%
Loss Allowance	$ 75,612	$ 31,615
Percentage of loss allowance	51%	43.30%
Coverage Ratio	86.10%	80%
Absolute Trigger Days Late Member Relativet Trigger P D Deterioration [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 263,325	$ 160,530
Percentage of credit exposure	75%	80.20%
Loss Allowance	$ 72,621
Percentage of loss allowance	49%	56.70%
Coverage Ratio	27.60%	25.70%
Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 104,293	$ 62,788
Percentage of credit exposure	5.20%	4.50%
Loss Allowance	$ 75,536	$ 55,675
Percentage of loss allowance	25.20%	28.20%
Coverage Ratio	72.40%	88.70%
Total [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 1,976,499	$ 1,392,350
Percentage of credit exposure	100%	100%
Loss Allowance	$ 300,223	$ 197,536
Percentage of loss allowance	100%	100%
Coverage Ratio	15.20%	14.20%
Relative Trigger P D Deterioration [Member]
IfrsStatementLineItems [Line Items]
Loss Allowance		$ 41,320

Loans to customers (Details 3)

Loans to customers (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 1,976,499	$ 1,392,350
Credit exposure ratio	100%	100%
Loss Allowance	$ 300,223	$ 197,536
Credit loss ratio	100%	100%
Coverage Ratio	15.20%	14.20%
Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 1,521,040	$ 1,129,522
Credit exposure ratio	77%	81.10%
Loss Allowance	$ 76,454	$ 68,926
Credit loss ratio	25.50%	34.90%
Coverage Ratio	5%	6.10%
Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 351,166	$ 200,040
Credit exposure ratio	17.80%	14.40%
Loss Allowance	$ 148,233	$ 72,935
Credit loss ratio	49.30%	36.90%
Coverage Ratio	42.20%	36.50%
Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 104,293	$ 62,788
Credit exposure ratio	5.20%	4.50%
Loss Allowance	$ 75,536	$ 55,675
Credit loss ratio	25.20%	28.20%
Coverage Ratio	72.40%	88.70%
Strong Credit [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 832,448	$ 424,161
Credit exposure ratio	42.10%	30.50%
Loss Allowance	$ 9,344	$ 4,196
Credit loss ratio	3.10%	2.10%
Coverage Ratio	1.10%	1%
Strong Credit [Member] | Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 819,605	$ 409,899
Credit exposure ratio	1.50%	96.60%
Loss Allowance	$ 9,093	$ 4,002
Credit loss ratio	97.30%	95.40%
Coverage Ratio	1.10%	1%
Strong Credit [Member] | Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 12,843	$ 14,262
Credit exposure ratio	98.50%	3.40%
Loss Allowance	$ 251	$ 194
Credit loss ratio	2.70%	4.60%
Coverage Ratio	2%	1.40%
Satisfactory Credit [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 642,099	$ 700,164
Credit exposure ratio	32.50%	50.30%
Loss Allowance	$ 40,852	$ 47,779
Credit loss ratio	13.60%	24.20%
Coverage Ratio	6.40%	6.80%
Satisfactory Credit [Member] | Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 583,925	$ 656,647
Credit exposure ratio	90.90%	93.80%
Loss Allowance	$ 36,228	$ 44,797
Credit loss ratio	88.70%	93.80%
Coverage Ratio	6.20%	6.80%
Satisfactory Credit [Member] | Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 58,174	$ 43,517
Credit exposure ratio	9.10%	6.20%
Loss Allowance	$ 4,624	$ 2,982
Credit loss ratio	11.30%	6.20%
Coverage Ratio	7.90%	6.90%
Higher Risk Credit [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 501,952	$ 268,025
Credit exposure ratio	25.40%	19.20%
Loss Allowance	$ 250,027	$ 145,561
Credit loss ratio	83.30%	73.70%
Coverage Ratio	49.80%	54.30%
Higher Risk Credit [Member] | Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 117,510	$ 62,976
Credit exposure ratio	23.40%	23.50%
Loss Allowance	$ 31,133	$ 20,127
Credit loss ratio	10.40%	13.80%
Coverage Ratio	26.50%	32%
Higher Risk Credit [Member] | Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 280,149	$ 142,261
Credit exposure ratio	55.80%	53.10%
Loss Allowance	$ 143,358	$ 69,759
Credit loss ratio	47.80%	47.90%
Coverage Ratio	51.20%	49%
Higher Risk Credit [Member] | Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 104,293	$ 62,788
Credit exposure ratio	20.80%	23.40%
Loss Allowance	$ 75,536	$ 55,675
Credit loss ratio	25.20%	38.30%
Coverage Ratio	72.40%	88.70%

Loans to customers (Details 4)

Loans to customers (Details 4)	12 Months Ended
	Dec. 31, 2022
Grade 1 [Member] | Stage 1and 2 [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	<1%
Grade One [Member] | Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Strong
Grade One [Member] | Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Strong
Grade 2 [Member] | Stage 1and 2 [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	1.0% to 5.0%
Grade Two [Member] | Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Strong
Grade Two [Member] | Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Strong
Grade 3 [Member] | Stage 1and 2 [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	5.0% to 20.0%
Grade Three [Member] | Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Satisfactory
Grade Three [Member] | Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Satisfactory
Grade 4 [Member] | Stage 1and 2 [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	20.0% to 35.0%
Grade Four [Member] | Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Grade Four [Member] | Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Grade 5 [Member] | Stage 1and 2 [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	>35%
Grade Five [Member] | Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Grade Five [Member] | Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Grade Five [Member] | Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Probability of default	100%

Loans to customers (Details 5)

Loans to customers (Details 5) - Credit Allowance Changes [Member] - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Loss allowance at beginning of year		$ 68,926	$ 10,532	$ 1,300
Transfers from Stage 1 to Stage 2		(6,642)	(780)	(54)
Transfers from Stage 2 to Stage 1		5,946	685	346
Transfers to Stage 3		(18,294)	(1,212)	(164)
Transfers from Stage 3		647	16	0
Write-offs		0	0	0
Net increase of loss allowance		21,986	62,363	9,462
New originations (a)	[1]	217,837	159,299	19,354
Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes		(212,730)	(93,269)	(11,118)
Changes to models used in calculation (b)	[2]	16,879	(3,667)	1,226
Effect of changes in exchange rates (OCI)		3,885	(2,678)	(358)
Loss allowance at end of the year		76,454	68,926	10,532
Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Loss allowance at beginning of year		72,935	7,136	2,072
Transfers from Stage 1 to Stage 2		6,642	780	54
Transfers from Stage 2 to Stage 1		(5,946)	(685)	(346)
Transfers to Stage 3		(60,238)	(904)	(176)
Transfers from Stage 3		619	142	6
Write-offs		0	0	0
Net increase of loss allowance		131,510	69,152	6,030
New originations (a)	[1]	45,537	28,281	2,600
Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes		82,776	35,759	3,038
Changes to models used in calculation (b)	[2]	3,197	5,112	392
Effect of changes in exchange rates (OCI)		2,711	(2,686)	(504)
Loss allowance at end of the year		148,233	72,935	7,136
Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Loss allowance at beginning of year		55,675	8,542	1,618
Transfers from Stage 1 to Stage 2		0	0	0
Transfers from Stage 2 to Stage 1		0	0	0
Transfers to Stage 3		78,532	2,116	340
Transfers from Stage 3		(1,266)	(158)	(6)
Write-offs		(408,605)	(13,223)	(4,525)
Net increase of loss allowance		348,347	60,563	11,528
New originations (a)	[1]	9,176	6,237	716
Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes		337,509	54,297	10,609
Changes to models used in calculation (b)	[2]	1,662	29	203
Effect of changes in exchange rates (OCI)		2,853	(2,165)	(413)
Loss allowance at end of the year		75,536	55,675	8,542
Total [Member]
IfrsStatementLineItems [Line Items]
Loss allowance at beginning of year		197,536	26,210	4,990
Transfers from Stage 1 to Stage 2		0	0	0
Transfers from Stage 2 to Stage 1		0	0	0
Transfers to Stage 3		0	0	0
Transfers from Stage 3		0	0	0
Write-offs		(408,605)	(13,223)	(4,525)
Net increase of loss allowance		501,843	192,078	27,020
New originations (a)	[1]	272,550	193,817	22,670
Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes		207,555	(3,213)	2,529
Changes to models used in calculation (b)	[2]	21,738	1,474	1,821
Effect of changes in exchange rates (OCI)		9,449	(7,529)	(1,275)
Loss allowance at end of the year		$ 300,223	$ 197,536	$ 26,210
[1]Considers all accounts originated from the beginning to the end of the period. ECL effects presented in the table were calculated as if risk parameters at the beginning of the period were applied.[2]Relates to methodology changes that occurred during the period, according to the Group's processes of model monitoring.

Loans to customers (Details 6)

Loans to customers (Details 6) - Credit Allowance Changes [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross carrying amount at beginning of year	$ 1,129,522	$ 168,744	$ 44,513
Transfers from Stage 1 to Stage 2	(63,015)	(8,535)	(1,951)
Transfers from Stage 2 to Stage 1	31,475	3,279	2,621
Transfers to Stage 3	(149,355)	(11,069)	(2,997)
Transfers from Stage 3	735	18	0
Write-offs	0	0	0
Net increase of gross carrying amount	515,802	1,020,838	137,483
Effect of changes in exchange rates (OCI)	55,876	(43,753)	(10,925)
Gross carrying amount at end of the year	1,521,040	1,129,522	168,744
Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross carrying amount at beginning of year	200,040	22,634	16,335
Transfers from Stage 1 to Stage 2	63,015	8,535	1,951
Transfers from Stage 2 to Stage 1	(31,475)	(3,279)	(2,621)
Transfers to Stage 3	(112,901)	(3,324)	(1,314)
Transfers from Stage 3	701	160	8
Write-offs	0	0	0
Net increase of gross carrying amount	223,713	182,800	12,013
Effect of changes in exchange rates (OCI)	8,073	(7,486)	(3,738)
Gross carrying amount at end of the year	351,166	200,040	22,634
Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Gross carrying amount at beginning of year	62,788	9,526	2,166
Transfers from Stage 1 to Stage 2	0	0	0
Transfers from Stage 2 to Stage 1	0	0	0
Transfers to Stage 3	262,256	14,393	4,311
Transfers from Stage 3	(1,436)	(178)	(8)
Write-offs	(408,605)	(14,676)	(4,525)
Net increase of gross carrying amount	186,632	56,160	8,123
Effect of changes in exchange rates (OCI)	2,658	(2,437)	(541)
Gross carrying amount at end of the year	104,293	62,788	9,526
Total [Member]
IfrsStatementLineItems [Line Items]
Gross carrying amount at beginning of year	1,392,350	200,904	63,014
Transfers from Stage 1 to Stage 2	0	0	0
Transfers from Stage 2 to Stage 1	0	0	0
Transfers to Stage 3	0	0	0
Transfers from Stage 3	0	0	0
Write-offs	(408,605)	(14,676)	(4,525)
Net increase of gross carrying amount	926,147	1,259,798	157,619
Effect of changes in exchange rates (OCI)	66,607	(53,676)	(15,204)
Gross carrying amount at end of the year	$ 1,976,499	$ 1,392,350	$ 200,904

Compulsory and other deposits_3

Compulsory and other deposits at central banks (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Compulsory And Other Deposits At Central Banks
Compulsory deposits	$ 2,026,516	$ 819,794
Reserve at BACEN	751,503	118,865
Total	$ 2,778,019	$ 938,659

Other Receivables (Details)

Other Receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Other Receivables
Other receivables	$ 521,670	$ 50,349
Total	$ 521,670	$ 50,349

Other assets (Details)

Other assets (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Other Assets
Deferred expenses	[1]	$ 157,439	$ 76,183
Taxes recoverable		245,967	71,865
Advances to suppliers and employees		22,662	23,958
Prepaid expenses		61,744	15,958
Judicial deposits (note 23)		18,864	17,480
Other assets		35,227	27,471
Total		$ 541,903	$ 232,915
[1]Refers to credit card issuance costs, including printing, packing, and shipping costs, among others. The expenses are amortized based on the card's useful life, adjusted for any cancellations.

Derivative financial instrume_3

Derivative financial instruments (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Financial liabilities	[1]		$ 10,400
Derivative Financial Instruments Purchase Commitments [Member]
IfrsStatementLineItems [Line Items]
Financial assets, at fair value		$ 41,485	101,318
Financial liabilities		9,425	87,278
Derivative Financial Instruments Sale Commitments [Member] | Derivative Instruments Foreign Currency [Member]
IfrsStatementLineItems [Line Items]
Notional amount		2,898,637	4,022,577
Futures contract [member] | Derivative Financial Instruments Purchase Commitments [Member]
IfrsStatementLineItems [Line Items]
Notional amount		792,559	3,671,709
Financial assets, at fair value		27	10
Financial liabilities		105	462
Futures contract [member] | Derivative Financial Instruments Purchase Commitments [Member] | Exchangerate Contracts Future [Member]
IfrsStatementLineItems [Line Items]
Notional amount		111,634	116,075
Financial assets, at fair value		917	0
Financial liabilities		51	3,899
Futures contract [member] | Derivative Financial Instruments Purchase Commitments [Member] | Interest Rate Contracts Swap [Member]
IfrsStatementLineItems [Line Items]
Notional amount		10,056	9,523
Financial assets, at fair value		50	24
Financial liabilities		0	7
Futures contract [member] | Derivative Financial Instruments Purchase Commitments [Member] | Currency Non Deliverable Forward Contract [Member]
IfrsStatementLineItems [Line Items]
Notional amount		113,682
Financial assets, at fair value		11,228
Financial liabilities		24
Futures contract [member] | Derivative Financial Instruments Purchase Commitments [Member] | Warrants [Member]
IfrsStatementLineItems [Line Items]
Notional amount		100,000	65,000
Financial assets, at fair value		27,908	19,756
Financial liabilities		0	0
Futures contract [member] | Derivative Financial Instruments Purchase Commitments [Member] | Derivative Instruments Foreign Currency [Member]
IfrsStatementLineItems [Line Items]
Financial assets, at fair value		1,209	0
Financial liabilities		182	135
Futures contract [member] | Derivative Financial Instruments Purchase Commitments [Member] | Forward contract [member]
IfrsStatementLineItems [Line Items]
Notional amount			83,155
Financial assets, at fair value			81,528
Financial liabilities			82,775
Futures contract [member] | Derivative Financial Instruments Sale Commitments [Member] | Derivative Instruments Foreign Currency [Member]
IfrsStatementLineItems [Line Items]
Notional amount		129,459	$ 77,115
Interest rate swap contract [member] | Derivative Financial Instruments Purchase Commitments [Member]
IfrsStatementLineItems [Line Items]
Financial assets, at fair value		145
Financial liabilities		9,017
Interest rate swap contract [member] | Derivative Financial Instruments Sale Commitments [Member] | Derivative Instruments Foreign Currency [Member]
IfrsStatementLineItems [Line Items]
Notional amount		89,726
D I Future [Member] | Derivative Financial Instruments Purchase Commitments [Member]
IfrsStatementLineItems [Line Items]
Financial assets, at fair value		1
Financial liabilities		46
D I Future [Member] | Derivative Financial Instruments Sale Commitments [Member] | Derivative Instruments Foreign Currency [Member]
IfrsStatementLineItems [Line Items]
Notional amount		$ 1,551,521
[1]Corresponded to fixed and floating rate bills of exchange in the amount equivalent to US$12,941 on the issuance date, fully paid in April 2022.

Derivative financial instrume_4

Derivative financial instruments (Details 1) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Interest rate contracts - Future	$ 406,131	$ 799,828
Exchange rate contracts - Future	241,093	116,074
Interest rate contracts - Swap	10,056
Currency - Non-deliverable forward contract (NDF)	113,682
Warrants	100,000	65,000
Total assets	870,962	1,064,057
Equity - Total Return Swap (TRS)	89,726
Interest rate contracts - Future	386,428
DI - Future - notes 13 and 14	1,551,521
Total liabilities	2,027,675	2,958,520
Total	2,898,637	4,022,577
Forward contracts		83,155
Interest rate contracts - Future		2,871,882
Exchange rate contracts - Future		77,115
Interest rate contracts - Swap		9,523
Later than one month and not later than three months [member]
IfrsStatementLineItems [Line Items]
Interest rate contracts - Future	332,497	775,002
Exchange rate contracts - Future	241,093	116,074
Interest rate contracts - Swap	0
Currency - Non-deliverable forward contract (NDF)	113,682
Warrants	0	0
Total assets	687,272	974,231
Equity - Total Return Swap (TRS)
Interest rate contracts - Future	27,776
DI - Future - notes 13 and 14	590,015
Total liabilities	617,791	1,745,399
Total	1,305,063	2,719,630
Forward contracts		83,155
Interest rate contracts - Future		1,668,284
Exchange rate contracts - Future		77,115
Interest rate contracts - Swap		0
Later than three months and not later than one year [member]
IfrsStatementLineItems [Line Items]
Interest rate contracts - Future	73,286	24,755
Exchange rate contracts - Future	0	0
Interest rate contracts - Swap	0
Currency - Non-deliverable forward contract (NDF)	0
Warrants	0	0
Total assets	73,286	24,755
Equity - Total Return Swap (TRS)	89,726
Interest rate contracts - Future	256,240
DI - Future - notes 13 and 14	858,278
Total liabilities	1,204,244	864,989
Total	1,277,530	889,744
Forward contracts		0
Interest rate contracts - Future		864,989
Exchange rate contracts - Future		0
Interest rate contracts - Swap		0
Later than one year [member]
IfrsStatementLineItems [Line Items]
Interest rate contracts - Future	348	71
Exchange rate contracts - Future	0	0
Interest rate contracts - Swap	10,056
Currency - Non-deliverable forward contract (NDF)	0
Warrants	100,000	65,000
Total assets	110,404	65,071
Equity - Total Return Swap (TRS)
Interest rate contracts - Future	102,412
DI - Future - notes 13 and 14	103,228
Total liabilities	205,640	348,132
Total	$ 316,044	413,203
Forward contracts		0
Interest rate contracts - Future		338,609
Exchange rate contracts - Future		0
Interest rate contracts - Swap		$ 9,523

Derivative financial instrume_5

Derivative financial instruments (Details 2) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Equity - Total Return Swap (TRS)	$ 145
Interest rate contracts - Swap	50
Interest rate contracts - Future	27	$ 10
Exchange rate contracts - Future	2,126	24
Currency - Non-deliverable forward contract (NDF)	11,228
Warrants	27,908	19,756
Interest rate contracts - Future - portfolio hedge	1
Total assets	41,485	101,318
Equity - Total Return Swap (TRS)	9,017
Interest rate contracts - Future	105	462
Exchange rate contracts - Future	233	4,034
Currency - Non-deliverable forward contract (NDF)	24
DI - Future - notes 13 and 14	46
Total liabilities	9,425	87,278
Total	50,910	188,596
Forward contracts		81,528
Interest rate contracts - Swap		7
Forward contracts		82,775
Not later than one year [member]
IfrsStatementLineItems [Line Items]
Equity - Total Return Swap (TRS)	145
Interest rate contracts - Swap
Interest rate contracts - Future	27	2
Exchange rate contracts - Future	2,126	24
Currency - Non-deliverable forward contract (NDF)	11,228
Warrants
Interest rate contracts - Future - portfolio hedge	1
Total assets	13,527	81,554
Equity - Total Return Swap (TRS)	9,017
Interest rate contracts - Future	17	69
Exchange rate contracts - Future	233	4,034
Currency - Non-deliverable forward contract (NDF)	24
DI - Future - notes 13 and 14	46
Total liabilities	9,337	86,878
Total	22,864	168,432
Forward contracts		81,528
Interest rate contracts - Swap
Forward contracts		82,775
Later than one year [member]
IfrsStatementLineItems [Line Items]
Equity - Total Return Swap (TRS)
Interest rate contracts - Swap	50
Interest rate contracts - Future		8
Exchange rate contracts - Future
Currency - Non-deliverable forward contract (NDF)
Warrants	27,908	19,756
Interest rate contracts - Future - portfolio hedge
Total assets	27,958	19,764
Equity - Total Return Swap (TRS)
Interest rate contracts - Future	88	393
Exchange rate contracts - Future
Currency - Non-deliverable forward contract (NDF)
DI - Future - notes 13 and 14
Total liabilities	88	400
Total	$ 28,046	20,164
Forward contracts
Interest rate contracts - Swap		7
Forward contracts

Derivative financial instrume_6

Derivative financial instruments (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Financial Instruments
Balance at beginning of the year	$ 1,487	$ 49	$ 1
Fair value change recognized in OCI during the year	(20,924)	2,705	8,302
Total amount reclassified from cash flow hedge reserve to statement of profit or loss during the year	14,012	(242)	(8,223)
to "Customer support and operation"	6,769	(91)	(5,480)
to "General and administrative expenses"	7,778	(136)	(4,925)
Effect of changes in exchange rates (OCI)	(535)	(15)	2,182
Deferred income taxes	2,815	(1,025)	(31)
Balance at end of the year	$ (2,610)	$ 1,487	$ 49

Derivative financial instrume_7

Derivative financial instruments (Details 4) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Expected foreign currency transactions	$ 129,459	$ 78,401
Total	129,459	$ 78,401
Later than three months and not later than one year [member]
IfrsStatementLineItems [Line Items]
Expected foreign currency transactions	64,840
Total	64,840
Later than one month and not later than three months [member]
IfrsStatementLineItems [Line Items]
Expected foreign currency transactions	64,619
Total	$ 64,619

Derivative financial instrume_8

Derivative financial instruments (Details 5) $ in Thousands	Dec. 31, 2022 USD ($)
IfrsStatementLineItems [Line Items]
Derivative object hedge	$ 1,262,053
Fair value adjustment to the hedge object asset	(2,887)
Derivative hedge instrument fair value variation	2,084
Interest Rate Contract Future Portfolio Hedge Credit Card [Member]
IfrsStatementLineItems [Line Items]
Derivative object hedge	72,337
Fair value adjustment to the hedge object asset	(51)
Derivative hedge instrument fair value variation	$ 22
Derivative hedge instrument effectiveness percentage	101%
Interest Rate Contracts Future Portfolio Hedge Loan [Member]
IfrsStatementLineItems [Line Items]
Derivative object hedge	$ 1,189,716
Fair value adjustment to the hedge object asset	(2,836)
Derivative hedge instrument fair value variation	$ 2,062
Derivative hedge instrument effectiveness percentage	99%

Derivative financial instrume_9

Derivative financial instruments (Details 6) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Derivative Financial Instruments
Balance at beginning of the year
Fair value change recognized in OCI during the year	(8,871)
Total amount reclassified from cash flow hedge reserve to statement of profit or loss during the year	3,995
to "General and administrative expenses"	3,995	[1]
Balance at end of the year	$ (4,876)
[1]Presented as share-based compensation on general and administrative expenses.

Derivative financial instrum_10

Derivative financial instruments (Details 7) $ in Thousands	Dec. 31, 2022 USD ($)
IfrsStatementLineItems [Line Items]
Expected cash disbursement for income tax payments	$ 59,058
Total	59,058
Not later than one year [member]
IfrsStatementLineItems [Line Items]
Expected cash disbursement for income tax payments	22,727
Total	22,727
Later than one year and not later than three years [member]
IfrsStatementLineItems [Line Items]
Expected cash disbursement for income tax payments	28,359
Total	28,359
Later than five years [member]
IfrsStatementLineItems [Line Items]
Expected cash disbursement for income tax payments	7,972
Total	$ 7,972

Derivative financial instrum_11

Derivative financial instruments (Details Narrative)	Dec. 31, 2022
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Derivative hedge percentage	80%
Top of range [member]
IfrsStatementLineItems [Line Items]
Derivative hedge percentage	125%

Instruments eligible as capit_3

Instruments eligible as capital (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financial liabilities at fair value through profit or loss
Instruments eligible as capital	$ 11,507	$ 12,056
Total	$ 11,507	$ 12,056

Instruments eligible as capit_4

Instruments eligible as capital (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Instruments Eligible As Capital
Balance at beginning of the year	$ 12,056	$ 15,492	$ 22,084
Interest accrued	(882)	2,137	1,689
Fair value changes	8,192	(5,717)	(3,673)
Own credit transferred to OCI	(2,008)	1,051	219
Effect of changes in exchange rates (OCI)	(5,851)	(907)	(4,827)
Balance at end of the year	$ 11,507	$ 12,056	$ 15,492

Instruments eligible as capit_5

Instruments eligible as capital (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2019
Instruments Eligible As Capital
Financial liability	$ 0	$ 0
Issuance amount				$ 18,824
Fixed interest rate	12.80%
Changes in fair value	$ 2,008	1,051	$ 219
Fair value changes and interests	$ 10,653	$ 3,580	$ 1,984

Financial liabilities at amor_7

Financial liabilities at amortized cost- deposits (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Reserve Quantities [Line Items]
Deposits by customers		$ 15,808,541	$ 9,667,300
Time deposits			19,181	[1]
Other deposits			509
Total		15,808,541	9,667,300
R D B [Member]
Reserve Quantities [Line Items]
Deposits by customers	[2]	14,273,959	7,728,108
Deposits In Electronic Money [Member]
Reserve Quantities [Line Items]
Deposits by customers	[2]	$ 1,534,582	1,887,945
R D B V [Member]
Reserve Quantities [Line Items]
Deposits by customers	[2]		$ 31,557
[1]In July 2020, the subsidiary Nu Financeira issued a time deposit instrument ("DPGE"), also with a special guarantee from FGC, in the amount of R$ 100,000 19,000

Financial liabilities at amor_8

Financial liabilities at amortized cost- deposits (Details 1) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Deposits by customers		$ 15,808,541	$ 9,667,300
Time deposits			19,181	[1]
Other deposits			509
Deposits In Electronic Money [Member]
IfrsStatementLineItems [Line Items]
Deposits by customers	[2]	1,534,582	1,887,945
R D B [Member]
IfrsStatementLineItems [Line Items]
Deposits by customers	[2]	14,273,959	7,728,108
R D B V [Member]
IfrsStatementLineItems [Line Items]
Deposits by customers	[2]		31,557
Later than six months and not later than one year [member]
IfrsStatementLineItems [Line Items]
Deposits by customers		15,695,387	9,602,547
Time deposits			19,181
Other deposits			509
Later than six months and not later than one year [member] | Deposits In Electronic Money [Member]
IfrsStatementLineItems [Line Items]
Deposits by customers		1,534,582	1,887,945
Later than six months and not later than one year [member] | R D B [Member]
IfrsStatementLineItems [Line Items]
Deposits by customers		14,160,805	7,663,355
Later than six months and not later than one year [member] | R D B V [Member]
IfrsStatementLineItems [Line Items]
Deposits by customers			31,557
Later than one year [member]
IfrsStatementLineItems [Line Items]
Deposits by customers		113,154	64,753
Time deposits
Other deposits
Later than one year [member] | Deposits In Electronic Money [Member]
IfrsStatementLineItems [Line Items]
Deposits by customers
Later than one year [member] | R D B [Member]
IfrsStatementLineItems [Line Items]
Deposits by customers		$ 113,154	64,753
Later than one year [member] | R D B V [Member]
IfrsStatementLineItems [Line Items]
Deposits by customers
[1]In July 2020, the subsidiary Nu Financeira issued a time deposit instrument ("DPGE"), also with a special guarantee from FGC, in the amount of R$ 100,000 19,000

Financial liabilities at amor_9

Financial liabilities at amortized cost – deposits (Details Narrative) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2020	Dec. 31, 2022	Dec. 31, 2021
Reserve Quantities [Line Items]
Equilibrium Interest Rate		2%
C D I [Member]
Reserve Quantities [Line Items]
Redemption term		24 months
Remuneration rate		104%	107%
Brazilian D I [Member]
Reserve Quantities [Line Items]
Time Deposit Instrument	$ 19,000
Brazilian D I [Member] | Brazil Currency [Member]
Reserve Quantities [Line Items]
Time Deposit Instrument1	$ 100,000

Financial liabilities at amo_10

Financial liabilities at amortized cost - payables to credit card network (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Financial Liabilities At Amortized Cost Payables To Network
Payables to credit card network	[1]	$ 7,054,783	$ 4,882,159
Total		$ 7,054,783	$ 4,882,159
[1]Corresponds to the amount payable to the acquirers related to credit and debit card transactions. Credit card payables are settled according to the transaction installments, substantially in up to 27 days for Brazilian transactions with no installments and 1 business day for international transactions. Sales in installments ( parcelado

Financial liabilities at amo_11

Financial liabilities at amortized cost - payables to credit card network (Details 1) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Payable to credit card	$ 7,054,783	$ 4,882,159
Not later than one month [member]
IfrsStatementLineItems [Line Items]
Payable to credit card	3,829,398	2,518,437
Later than one month and not later than three months [member]
IfrsStatementLineItems [Line Items]
Payable to credit card	1,741,186	1,205,765
Later Than Three Month [Member]
IfrsStatementLineItems [Line Items]
Payable to credit card	$ 1,484,199	$ 1,157,957

Financial liabilities at amo_12

Financial liabilities at amortized cost – payables to network (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Financial Liabilities At Amortized Cost Payables To Network
Fair value	$ 305	$ 1,052
Average remuneration rate	0.31%	0.20%

Financial liabilities at amo_13

Financial liabilities at amortized cost - borrowing, financing and securitized borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financial Liabilities At Amortized Cost Borrowing Financing And Securitized Borrowings
Borrowings and financing	$ 585,568	$ 147,243
Securitized borrowings		10,011
Total	$ 585,568	$ 157,254

Financial liabilities at amo_14

Financial liabilities at amortized cost - borrowing, financing and securitized borrowings (Details 1) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Bills of exchange	[1]	$ 118,194
Term loan credit facility	[2]	467,374
Total borrowings and financings		$ 585,568	$ 147,243
Financial letter	[3]		10,400
Term loan credit facility	[1]		136,843
Description of borrowings		Bank of America México, S.A., Institución de Banca Múltiple (“BofA”) in the amount equivalent to US$30,000 on the issuance dates, with interest equivalent to 12.48% (Mexican Interbanking Equilibrium Interest Rate (“TIIE 182” + 1.40%) per annum as of December 31, 2022 (equivalent to 7.42% per annum as of December 31, 2021), and maturity date in July 2023.
Description of borrowings		JPMorgan México ("JP Morgan") in the total amount equivalent to US$80,000 on the issuance dates, with interest from 12.08% to 12.53% (TIIE 182 + 1.45% and TIIE 182 + 1.0%, respectively) per annum as of December 31, 2022 (from 7.02% to 7.47% per annum as of December 31, 2021), and maturity dates in November 2024 and July 2024.
Mexico [Member]
IfrsStatementLineItems [Line Items]
Total equivalent		$ 435,000
Equivalent percentage		11.98%
Colombia [Member]
IfrsStatementLineItems [Line Items]
Total equivalent		$ 25,000
Equivalent percentage		6.18%
Not later than three months [member]
IfrsStatementLineItems [Line Items]
Bills of exchange	[1]	$ 3,100
Term loan credit facility	[2]	103
Total borrowings and financings		3,203	10,792
Financial letter	[3]		7,728
Term loan credit facility	[1]		3,064
Later than three months and not later than one year [member]
IfrsStatementLineItems [Line Items]
Bills of exchange	[1]	32,632
Term loan credit facility	[2]	2,494
Total borrowings and financings		35,126	12,785
Financial letter	[3]		2,672
Term loan credit facility	[1]		10,113
Later than one year [member]
IfrsStatementLineItems [Line Items]
Bills of exchange	[1]	82,462
Term loan credit facility	[2]	464,777
Total borrowings and financings		$ 547,239	123,666
Term loan credit facility	[1]		$ 123,666
[1]Corresponds to two term loan credit facilities obtained by subsidiary Nu Servicios and reassigned to Nu Financiera, in Mexican pesos, from:[2]Corresponds to a syndicated credit facility, in which Nu's subsidiaries in Colombia and Mexico are the borrowers and the Company is acting as guarantor. The amount of the credit facility is US$650,000, out of which US$ 625,000 allocated to Nu Mexico and US$ 25,000 to Nu Colombia, and as of December 31, 2022:[3]Corresponded to fixed and floating rate bills of exchange in the amount equivalent to US$12,941 on the issuance date, fully paid in April 2022.

Financial liabilities at amo_15

Financial liabilities at amortized cost - borrowing, financing and securitized borrowings (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Balance at beginning of the year	$ 147,243	$ 97,454	$ 133,401
Addition due to business combination	4,729
New borrowings	581,142	116,349	17,974
Payments – principal	(159,983)	(60,523)	(27,893)
Payments – interest	(30,756)	(7,056)	(1,348)
Interest accrued	31,074	6,225	3,685
Effect of changes in exchange rates (OCI)	12,119	(5,206)	(28,365)
Balance at end of the year	585,568	147,243	97,454
Bill Of Exchange [Member]
IfrsStatementLineItems [Line Items]
Balance at beginning of the year	10,400	17,684	22,157
Addition due to business combination
New borrowings
Payments – principal	(9,447)	(6,372)	(237)
Payments – interest	(1,889)	(600)	(24)
Interest accrued	42	683	770
Effect of changes in exchange rates (OCI)	894	(995)	(4,982)
Balance at end of the year		10,400	17,684
Term Loan Credit Facility [Member]
IfrsStatementLineItems [Line Items]
Balance at beginning of the year	136,843	19,644
Addition due to business combination
New borrowings	121,142	116,349	17,974
Payments – principal	(146,078)
Payments – interest	(8,301)	(1,908)
Interest accrued	8,340	4,766	236
Effect of changes in exchange rates (OCI)	6,248	(2,008)	1,434
Balance at end of the year	118,194	136,843	19,644
Bank Borrowings [Member]
IfrsStatementLineItems [Line Items]
Balance at beginning of the year
Addition due to business combination	4,729
New borrowings
Payments – principal	(4,458)
Payments – interest	(568)
Interest accrued	158
Effect of changes in exchange rates (OCI)	139
Balance at end of the year
Syndicated Loan [Member]
IfrsStatementLineItems [Line Items]
Balance at beginning of the year
Addition due to business combination
New borrowings	460,000
Payments – principal
Payments – interest	(19,998)
Interest accrued	22,534
Effect of changes in exchange rates (OCI)	4,838
Balance at end of the year	467,374
Financial Letter [Member]
IfrsStatementLineItems [Line Items]
Balance at beginning of the year		60,126	77,061
New borrowings
Payments – principal		(54,151)	(1,508)
Payments – interest		(4,548)	(45)
Interest accrued		776	1,936
Effect of changes in exchange rates (OCI)		(2,203)	(17,318)
Balance at end of the year			60,126
Bank Credit Bill [Member]
IfrsStatementLineItems [Line Items]
Balance at beginning of the year			34,183
New borrowings
Payments – principal			(26,148)
Payments – interest			(1,279)
Interest accrued			743
Effect of changes in exchange rates (OCI)			(7,499)
Balance at end of the year

Financial liabilities at amo_16

Financial liabilities at amortized cost - borrowing, financing and securitized borrowings (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financial Liabilities At Amortized Cost Borrowing Financing And Securitized Borrowings
Balance at beginning of the year	$ 10,011	$ 79,742	$ 169,925
Interest accrued	84	1,904	4,633
Payments – principal	(10,633)	(66,403)	(52,172)
Payments – interest	(134)	(1,976)	(4,819)
Effect of changes in exchange rates (OCI)	672	(3,256)	(37,825)
Balance at end of the year		$ 10,011	$ 79,742

Provision for lawsuits and ad_3

Provision for lawsuits and administrative proceedings (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
IfrsStatementLineItems [Line Items]
Legal proceedings provision	$ 17,947	$ 18,082
Provision For Tax [Member]
IfrsStatementLineItems [Line Items]
Legal proceedings provision	15,747	17,081	$ 15,995	$ 20,631
Provision For Civil [Member]
IfrsStatementLineItems [Line Items]
Legal proceedings provision	2,096	980	470	300
Provision For Labor [Member]
IfrsStatementLineItems [Line Items]
Legal proceedings provision	$ 104	$ 21	$ 4	$ 21

Provision for lawsuits and ad_4

Provision for lawsuits and administrative proceedings (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Balance at beginning of the year	$ 18,082
Balance at end of the year	17,947	$ 18,082
Provision For Tax [Member]
IfrsStatementLineItems [Line Items]
Balance at beginning of the year	17,081	15,995	$ 20,631
Additions		2,240
Payments / Reversals	(2,341)
Effect of changes in exchange rates (OCI)	1,007	(1,154)	(4,636)
Balance at end of the year	15,747	17,081	15,995
Provision For Civil [Member]
IfrsStatementLineItems [Line Items]
Balance at beginning of the year	980	470	300
Additions	1,942	2,204	1,472
Payments / Reversals	(857)	(1,644)	(1,234)
Effect of changes in exchange rates (OCI)	31	(50)	(68)
Balance at end of the year	2,096	980	470
Provision For Labor [Member]
IfrsStatementLineItems [Line Items]
Balance at beginning of the year	21	4	21
Additions	100	18	2
Payments / Reversals	(18)		(13)
Effect of changes in exchange rates (OCI)	1	(1)	(6)
Balance at end of the year	$ 104	$ 21	$ 4

Provision for lawsuits and ad_5

Provision for lawsuits and administrative proceedings (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
IfrsStatementLineItems [Line Items]
Legal proceedings provision	$ 17,947	$ 18,082
Provision For Civil [Member]
IfrsStatementLineItems [Line Items]
Legal Proceedings Provision1	2,096	980
Legal proceedings provision	2,096	980	$ 470	$ 300
Provision For Tax [Member]
IfrsStatementLineItems [Line Items]
Estimated financial effect of contingent liabilities	15,747	17,081
Tax Contingent Liability 2 [Member]
IfrsStatementLineItems [Line Items]
Legal Proceedings Provision1	1,814	454
Legal proceedings provision	7,128	4,365
Social Security [Member]
IfrsStatementLineItems [Line Items]
Judicial deposits	$ 18,864	$ 17,480

Deferred income (Details)

Deferred income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Deferred Income
Deferred revenue from rewards program	$ 34,546	$ 25,462
Deferred annual fee	3,283	4,673
Other deferred income	3,859	522
Total	$ 41,688	$ 30,657

Deferred income (Details Narrat

Deferred income (Details Narrative) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Share Price1	$ 1
U S D [Member]
IfrsStatementLineItems [Line Items]
Share Price1		$ 0.18

Related parties (Details)

Related parties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Related Parties Assets And Liabilities [Member]
IfrsStatementLineItems [Line Items]
Others	$ 316	$ 299
Revenue Expenses [Member]
IfrsStatementLineItems [Line Items]
Others	$ (1,112)	$ (1,685)

Related parties (Details 1)

Related parties (Details 1) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Parties
Fixed and variable compensation	[1]	$ 122,892	$ 34,252	$ 9,029
[1]The Contingent Share Award (CSA) termination is not included in the management compensation. Although Nu recognized the expense, Mr. David Vélez has forfeited the right to receive the amount.

Fair value measurement (Details

Fair value measurement (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Compulsory deposits at central banks		$ 2,778,019	$ 938,659
Credit card receivables	[1]	8,233,123	4,780,520
Credit card receivables	[2]		136,843
Loans to customers	[1]	1,676,276	1,194,814
Loans to customers		1,673,440	1,194,814
Other receivables		521,670	50,349
Other financial assets		478,283	18,493
Total		13,687,371	6,982,835
Total
Total		10,646,954	5,536,698
Deposits in electronic money		1,534,582	1,888,454
RDB and RDB-V		14,273,959	7,759,665
Time deposit			19,181	[3]
Payables to network		7,054,783	4,882,159
Borrowings and financing		585,568	147,243
Securitized borrowings			10,011
Total		23,448,892	14,706,713
Total		25,044,089	15,416,140
Level 2 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Credit card receivables	[1]
Loans to customers	[1]
Other receivables
Payables to network		6,399,704	4,755,304
Total		6,399,704	4,755,304
Level 3 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Credit card receivables	[1]	8,204,077	4,161,785
Loans to customers	[1]	1,920,518	1,324,513
Other receivables		522,359	50,400
Payables to network
[1]It excludes the fair value adjustment from the hedge accounting.[2]Corresponds to two term loan credit facilities obtained by subsidiary Nu Servicios and reassigned to Nu Financiera, in Mexican pesos, from:[3]In July 2020, the subsidiary Nu Financeira issued a time deposit instrument ("DPGE"), also with a special guarantee from FGC, in the amount of R$ 100,000 19,000

Fair value measurement (Detai_2

Fair value measurement (Details 1) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Assets	$ 29,934,872	$ 19,858,681
Certificate of bank deposits (CDB)	3,712	81,810
Investment funds	302,779	146,884
Time deposit	446,436	1,119,682
Bill of credit	138	14
Real estate and agribusiness certificate of receivables	32,175
Real estate and agribusiness letter of credit (CRIs/CRAs)	1,197	1,508
Debentures	835,628	121,783
Equity instrument	22,082	30,735
Derivative financial instruments	41,485	101,318
Collateral for credit card operations	305	1,052
Derivative financial liabilities	9,425	87,278
Instruments eligible as capital	11,507	12,056
Repurchase agreements	197,242	3,046
Stocks issued by public-held company		158
Level 1 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Certificate of bank deposits (CDB)
Investment funds
Time deposit
Bill of credit
Real estate and agribusiness certificate of receivables	2
Real estate and agribusiness letter of credit (CRIs/CRAs)
Debentures	676,953
Equity instrument
Derivative financial instruments	2,154	81,538
Collateral for credit card operations
Derivative financial liabilities	384	87,271
Instruments eligible as capital
Repurchase agreements
Stocks issued by public-held company		158
Level 2 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Certificate of bank deposits (CDB)	3,712	81,810
Investment funds	302,779	146,884
Time deposit	446,436	1,119,682
Bill of credit	138	14
Real estate and agribusiness certificate of receivables	32,173
Real estate and agribusiness letter of credit (CRIs/CRAs)	1,197	1,508
Debentures	158,675	121,783
Equity instrument
Derivative financial instruments	11,423	24
Collateral for credit card operations	305	1,052
Derivative financial liabilities	9,041	7
Instruments eligible as capital	11,507	12,056
Repurchase agreements	197,242	3,046
Stocks issued by public-held company
Level 3 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Certificate of bank deposits (CDB)
Investment funds
Time deposit
Bill of credit
Real estate and agribusiness certificate of receivables
Real estate and agribusiness letter of credit (CRIs/CRAs)
Debentures
Equity instrument	22,082	30,735
Derivative financial instruments	27,908	19,756
Collateral for credit card operations
Derivative financial liabilities
Instruments eligible as capital
Repurchase agreements
Stocks issued by public-held company
Brazil [Member]
IfrsStatementLineItems [Line Items]
Assets	8,222,278	6,646,188
Brazil [Member] | Level 1 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Assets	8,222,278	6,646,188
Brazil [Member] | Level 2 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Assets
Brazil [Member] | Level 3 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Assets
United States [Member]
IfrsStatementLineItems [Line Items]
Assets	171,184	830,124
United States [Member] | Level 1 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Assets	171,184	830,124
United States [Member] | Level 2 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Assets
United States [Member] | Level 3 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Assets
Mexico [Member]
IfrsStatementLineItems [Line Items]
Assets	1,382
Mexico [Member] | Level 1 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Assets	1,382
Mexico [Member] | Level 2 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Assets
Mexico [Member] | Level 3 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Assets
Colombia [Member]
IfrsStatementLineItems [Line Items]
Assets		504
Colombia [Member] | Level 1 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Assets		504
Colombia [Member] | Level 2 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Assets
Colombia [Member] | Level 3 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Assets

Income tax (Details)

Income tax (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax
Loss before income tax		$ (308,901)	$ (170,164)	$ (193,178)
Tax rate	[1]	41%	45%	40%
Income tax benefit		$ 126,649	$ 76,574	$ 77,271
Share-based payments		(11,757)	(41,418)	(8,639)
Customers gifts		(120)	(250)	(375)
Operational losses and others		(9,112)	(6,385)	(4,741)
Changes in income tax rate		(2,531)	(11,127)
Contingent share award (CSA) - termination	[2]	(145,785)		(8,049)
Effect of different tax rates - subsidiaries and parent company		(31,765)	(4,541)	(3,781)
Results with convertible instruments				(29,008)
Other non-deductible expenses		18,688	(10,353)	(1,022)
Income tax		(55,733)	2,500	21,656
Current tax expense		(473,345)	(219,824)	(22,338)
Deferred tax benefit		417,612	224,654	44,025
Income tax in the statement of profit or loss		(55,733)	4,830	21,687
Deferred tax recognized in OCI		829	(2,330)	(31)
Income tax		$ (54,904)	$ 2,500	$ 21,656
Effective tax rate		18%	(2.80%)	(11.20%)
[1]The tax rate used was the one applicable to the financial Brazilian subsidiaries, which represent the most significant portion of the operations of the Group. The tax rate used is not materially different from the average effective tax rate considering all jurisdictions where the Group has operations. The effect of other tax rates is shown in the table above as "effect of different tax rates –subsidiaries and parent company".[2]The amount is related to the termination of the Contingent Share Award (CSA) as described in the note 10b.

Income tax (Details 1)

Income tax (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Allowance for credit losses [member]
IfrsStatementLineItems [Line Items]
Deferred Income Taxes	$ 204,459	$ 68,155	$ 63,846
Deferred Income Taxes other		41
Deferred Income Taxes Constitution1	600,227	197,920	79,383
Deferred Income Taxes Realization1	(221,817)	(52,730)	(60,808)
Deferred Income Taxes Foreign Exchange1	922	(8,927)	(14,266)
Deferred Income Taxes	583,791	204,459	68,155
Allowance For Financial Revenue [Member]
IfrsStatementLineItems [Line Items]
Deferred Income Taxes	5,965	6,398	8,252
Deferred Income Taxes Foreign Exchange1	334	(433)	(1,854)
Deferred Income Taxes	6,299	5,965	6,398
Other temporary differences [member]
IfrsStatementLineItems [Line Items]
Deferred Income Taxes	72,343	41,982
Deferred Income Taxes other	12,175	585
Deferred Income Taxes Constitution1	68,971	52,157
Deferred Income Taxes Realization1	(34,313)	(18,394)
Deferred Income Taxes Foreign Exchange1	3,927	(3,987)
Deferred Income Taxes	123,103	72,343	41,982
Unused tax credits [member]
IfrsStatementLineItems [Line Items]
Deferred Income Taxes	282,767	116,535	89,219
Deferred Income Taxes other	12,175	626
Deferred Income Taxes Constitution1	669,198	250,077	115,453
Deferred Income Taxes Realization1	(256,130)	(71,124)	(67,841)
Deferred Income Taxes Foreign Exchange1	5,183	(13,347)	(20,296)
Deferred Income Taxes	713,193	282,767	116,535
Tax Loss And Negative Basis Of Social Contribution One [Member]
IfrsStatementLineItems [Line Items]
Deferred Income Taxes	77,985	8,596	4,979
Deferred Income Taxes other		4,201
Deferred Income Taxes Constitution1	19,930	67,939	7,150
Deferred Income Taxes Realization1	(5,707)		(3,724)
Deferred Income Taxes Foreign Exchange1	5,649	(2,751)	191
Deferred Income Taxes	97,857	77,985	8,596
Deferred Tax Assets [Member]
IfrsStatementLineItems [Line Items]
Deferred Income Taxes	360,752	125,131	94,198
Deferred Income Taxes other	12,175	4,827
Deferred Income Taxes Constitution1	689,128	318,016	122,603
Deferred Income Taxes Realization1	(261,837)	(71,124)	(71,565)
Deferred Income Taxes Foreign Exchange1	10,832	(16,098)	(20,105)
Deferred Income Taxes	811,050	360,752	125,131
Futures Settlement Market [Member]
IfrsStatementLineItems [Line Items]
Deferred Income Taxes	(18,850)
Deferred Income Taxes Constitution1	(7,821)	(19,137)
Deferred Income Taxes Realization1	13,730
Deferred Income Taxes Foreign Exchange1	(798)	287
Deferred Income Taxes	(13,739)	(18,850)
Fair Value Changes Financial Instruments One [Member]
IfrsStatementLineItems [Line Items]
Deferred Income Taxes	(2,144)	(8,741)	(698)
Deferred Income Taxes Constitution1	(3,744)	(170)	(7,013)
Deferred Income Taxes Realization1	4,634	5,544
Deferred Income Taxes Foreign Exchange1	(51)	(82)	(1,030)
Deferred Income Taxes	(3,291)	(2,144)	(8,741)
Reflected in OCI	(1,986)	1,305
Other [Member]
IfrsStatementLineItems [Line Items]
Deferred Income Taxes	(8,340)
Deferred Income Taxes Constitution1	46,446	(14,524)
Deferred Income Taxes Realization1	(60,338)	4,744
Deferred Income Taxes Foreign Exchange1	(1,856)	1,440
Deferred Income Taxes	(24,088)	(8,340)
Deferred Tax Liabilities [Member]
IfrsStatementLineItems [Line Items]
Deferred Income Taxes	(29,334)	(8,741)	(698)
Deferred Income Taxes Constitution1	34,881	(33,831)	(7,013)
Deferred Income Taxes Realization1	(41,974)	10,288
Deferred Income Taxes Foreign Exchange1	(2,705)	1,645	(1,030)
Deferred Income Taxes	(41,118)	(29,334)	(8,741)
Reflected in OCI	(1,986)	1,305
Fair Value Changes Financial Instruments 1 [Member]
IfrsStatementLineItems [Line Items]
Deferred Income Taxes	1,057	32
Deferred Income Taxes Realization1	(20,194)
Deferred Income Taxes Foreign Exchange1	(229)	(280)
Deferred Income Taxes	(1,758)	1,057	32
Reflected in OCI	2,815	1,025
Deferred Income Taxes Constitution	17,608	1,305
Unused Tax Credits One [Member]
IfrsStatementLineItems [Line Items]
Deferred Income Taxes		116,390	93,500
Deferred Income Taxes Constitution1	741,617	285,490	115,590
Deferred Income Taxes Realization1	(324,005)	(60,836)	(71,565)
Deferred Income Taxes Foreign Exchange1			(21,135)
Deferred Income Taxes			116,390
Reflected in OCI	$ 829	2,330
Other provisions [member]
IfrsStatementLineItems [Line Items]
Deferred Income Taxes		33,323	14,944
Deferred Income Taxes Constitution1			27,125
Deferred Income Taxes Realization1			(5,242)
Deferred Income Taxes Foreign Exchange1			(3,504)
Deferred Income Taxes			33,323
Fair Value Changes Financial Instruments [Member]
IfrsStatementLineItems [Line Items]
Deferred Income Taxes		$ 8,659	2,177
Deferred Income Taxes Constitution1			8,945
Deferred Income Taxes Realization1			(1,791)
Deferred Income Taxes Foreign Exchange1			(672)
Deferred Income Taxes			$ 8,659

Income tax (Details Narrative)

Income tax (Details Narrative)		1 Months Ended	12 Months Ended
		Aug. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax
Tax Rate Effect From Change In Tax Rate Minimum		40%
Tax Rate Effect From Change In Tax Rate Maximum		41%
Tax rate effect from change in tax rate	[1]		41%	45%	40%
[1]The tax rate used was the one applicable to the financial Brazilian subsidiaries, which represent the most significant portion of the operations of the Group. The tax rate used is not materially different from the average effective tax rate considering all jurisdictions where the Group has operations. The effect of other tax rates is shown in the table above as "effect of different tax rates –subsidiaries and parent company".

Equity (Details)

Equity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Total as of December 31, 2021	$ 4,609,988,545	$ 661,512,442
SOPs exercised and RUSs vested	64,418,580	21,914,840
Shares withheld for employees' taxes	(8,536,770)	(705,144)
Shares repurchased		(203,643)
Issuance of preferred shares (Series G)		11,758,704
Conversion of senior preferred shares (Series F-1)
Issuance of preferred shares due to Easynvest business combination		8,019,426
Issuance of preferred shares(Series G-1)		10,002,809
Conversion of ordinary shares in class A shares
Conversion of class A shares in class B shares
Awards issued		7,596,827
Issuance of class A shares - Cognitect acquisition		107,489
Issuance of class A shares - Spin Pay acquisition		138,415
Subtotal balances before the 6-for-1 forward share split		720,142,165
Issuance of shares due to the 6-for-1 forward share split		3,600,710,825
Subtotal balances after the 6-for-1 forward share split		4,320,852,990
Preferred shares converted into class A shares
Cancelation of management shares		(15,000)
Issuance of shares under the customer program		1,259,613
Issuance of shares under the IPO		287,890,942
Movements due to the IPO		289,135,555
Conversion of shares class B to A
Issuance of class A shares - Cognitect and Juntos acquisitions	1,362,201
Issuance of shares due to IPO over-allotment	27,555,298
Total as of December 31, 2022	$ 4,694,787,854	4,609,988,545
Contingent consideration [member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	10,683,513
Reserved For The Share Based Payments [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	397,521,998
Shares Authorized Which May Be Issued Class A Or Class B [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	43,500,447,845
Shares Authorized And Unissued [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	43,908,653,356
Shares Authorized Issue [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	4,694,787,854
Total as of December 31, 2022	48,603,441,210
Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Total as of December 31, 2021		222,657,093
SOPs exercised and RUSs vested		6,314,494
Shares withheld for employees' taxes		(320,866)
Shares repurchased		(203,643)
Issuance of preferred shares (Series G)
Conversion of senior preferred shares (Series F-1)
Issuance of preferred shares due to Easynvest business combination
Issuance of preferred shares(Series G-1)
Conversion of ordinary shares in class A shares		(228,447,078)
Conversion of class A shares in class B shares
Awards issued
Issuance of class A shares - Cognitect acquisition
Issuance of class A shares - Spin Pay acquisition
Subtotal balances before the 6-for-1 forward share split
Issuance of shares due to the 6-for-1 forward share split
Subtotal balances after the 6-for-1 forward share split
Preferred shares converted into class A shares
Cancelation of management shares
Issuance of shares under the customer program
Issuance of shares under the IPO
Movements due to the IPO
Conversion of shares class B to A
Issuance of class A shares - Cognitect and Juntos acquisitions
Issuance of shares due to IPO over-allotment
Total as of December 31, 2022
Preference shares [member]
IfrsStatementLineItems [Line Items]
Total as of December 31, 2021		422,057,050
SOPs exercised and RUSs vested
Shares withheld for employees' taxes
Shares repurchased
Issuance of preferred shares (Series G)		11,758,704
Conversion of senior preferred shares (Series F-1)		16,795,799
Issuance of preferred shares due to Easynvest business combination		8,019,426
Issuance of preferred shares(Series G-1)		10,002,809
Conversion of ordinary shares in class A shares
Conversion of class A shares in class B shares
Awards issued
Issuance of class A shares - Cognitect acquisition
Issuance of class A shares - Spin Pay acquisition
Subtotal balances before the 6-for-1 forward share split		468,633,788
Issuance of shares due to the 6-for-1 forward share split		2,343,168,940
Subtotal balances after the 6-for-1 forward share split		2,811,802,728
Preferred shares converted into class A shares		(2,811,802,728)
Cancelation of management shares
Issuance of shares under the customer program
Issuance of shares under the IPO
Movements due to the IPO		(2,811,802,728)
Conversion of shares class B to A
Issuance of class A shares - Cognitect and Juntos acquisitions
Issuance of shares due to IPO over-allotment
Total as of December 31, 2022
Senior Preference Shares [Member]
IfrsStatementLineItems [Line Items]
Total as of December 31, 2021		16,795,799
SOPs exercised and RUSs vested
Shares withheld for employees' taxes
Shares repurchased
Issuance of preferred shares (Series G)
Conversion of senior preferred shares (Series F-1)		(16,795,799)
Issuance of preferred shares due to Easynvest business combination
Issuance of preferred shares(Series G-1)
Conversion of ordinary shares in class A shares
Conversion of class A shares in class B shares
Awards issued
Issuance of class A shares - Cognitect acquisition
Issuance of class A shares - Spin Pay acquisition
Subtotal balances before the 6-for-1 forward share split
Issuance of shares due to the 6-for-1 forward share split
Subtotal balances after the 6-for-1 forward share split
Preferred shares converted into class A shares
Cancelation of management shares
Issuance of shares under the customer program
Issuance of shares under the IPO
Movements due to the IPO
Conversion of shares class B to A
Issuance of class A shares - Cognitect and Juntos acquisitions
Issuance of shares due to IPO over-allotment
Total as of December 31, 2022
Management Shares [Member]
IfrsStatementLineItems [Line Items]
Total as of December 31, 2021		2,500
SOPs exercised and RUSs vested
Shares withheld for employees' taxes
Shares repurchased
Issuance of preferred shares (Series G)
Conversion of senior preferred shares (Series F-1)
Issuance of preferred shares due to Easynvest business combination
Issuance of preferred shares(Series G-1)
Conversion of ordinary shares in class A shares
Conversion of class A shares in class B shares
Awards issued
Issuance of class A shares - Cognitect acquisition
Issuance of class A shares - Spin Pay acquisition
Subtotal balances before the 6-for-1 forward share split		2,500
Issuance of shares due to the 6-for-1 forward share split		12,500
Subtotal balances after the 6-for-1 forward share split		15,000
Preferred shares converted into class A shares
Cancelation of management shares		(15,000)
Issuance of shares under the customer program
Issuance of shares under the IPO
Movements due to the IPO		(15,000)
Conversion of shares class B to A
Issuance of class A shares - Cognitect and Juntos acquisitions
Issuance of shares due to IPO over-allotment
Total as of December 31, 2022
Class A Ordinary Shares [Member]
IfrsStatementLineItems [Line Items]
Total as of December 31, 2021	3,459,743,431
SOPs exercised and RUSs vested	64,418,580	15,600,346
Shares withheld for employees' taxes	(8,536,770)	(384,278)
Shares repurchased
Issuance of preferred shares (Series G)
Conversion of senior preferred shares (Series F-1)
Issuance of preferred shares due to Easynvest business combination
Issuance of preferred shares(Series G-1)
Conversion of ordinary shares in class A shares		228,447,078
Conversion of class A shares in class B shares		(184,110,692)
Awards issued
Issuance of class A shares - Cognitect acquisition		107,489
Issuance of class A shares - Spin Pay acquisition		138,415
Subtotal balances before the 6-for-1 forward share split		59,798,358
Issuance of shares due to the 6-for-1 forward share split		298,991,790
Subtotal balances after the 6-for-1 forward share split		358,790,148
Preferred shares converted into class A shares		2,811,802,728
Cancelation of management shares
Issuance of shares under the customer program		1,259,613
Issuance of shares under the IPO		287,890,942
Movements due to the IPO		3,100,953,283
Conversion of shares class B to A	58,312,073
Issuance of class A shares - Cognitect and Juntos acquisitions	1,362,201
Issuance of shares due to IPO over-allotment	27,555,298
Total as of December 31, 2022	$ 3,602,854,813	3,459,743,431
Class A Ordinary Shares [Member] | Contingent consideration [member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	0
Class A Ordinary Shares [Member] | Reserved For The Share Based Payments [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	0
Class A Ordinary Shares [Member] | Shares Authorized Which May Be Issued Class A Or Class B [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	0
Class A Ordinary Shares [Member] | Shares Authorized And Unissued [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	0
Class A Ordinary Shares [Member] | Shares Authorized Issue [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	3,602,854,813
Total as of December 31, 2022	0
Class B Ordinary Shares [Member]
IfrsStatementLineItems [Line Items]
Total as of December 31, 2021	$ 1,150,245,114
SOPs exercised and RUSs vested
Shares withheld for employees' taxes
Shares repurchased
Issuance of preferred shares (Series G)
Conversion of senior preferred shares (Series F-1)
Issuance of preferred shares due to Easynvest business combination
Issuance of preferred shares(Series G-1)
Conversion of ordinary shares in class A shares
Conversion of class A shares in class B shares		184,110,692
Awards issued		7,596,827
Issuance of class A shares - Cognitect acquisition
Issuance of class A shares - Spin Pay acquisition
Subtotal balances before the 6-for-1 forward share split		191,707,519
Issuance of shares due to the 6-for-1 forward share split		958,537,595
Subtotal balances after the 6-for-1 forward share split		1,150,245,114
Preferred shares converted into class A shares
Cancelation of management shares
Issuance of shares under the customer program
Issuance of shares under the IPO
Movements due to the IPO
Conversion of shares class B to A	(58,312,073)
Issuance of class A shares - Cognitect and Juntos acquisitions
Issuance of shares due to IPO over-allotment
Total as of December 31, 2022	$ 1,091,933,041	1,150,245,114
Class B Ordinary Shares [Member] | Contingent consideration [member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	0
Class B Ordinary Shares [Member] | Reserved For The Share Based Payments [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	0
Class B Ordinary Shares [Member] | Shares Authorized Which May Be Issued Class A Or Class B [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	0
Class B Ordinary Shares [Member] | Shares Authorized And Unissued [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	0
Class B Ordinary Shares [Member] | Shares Authorized Issue [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	1,091,933,041
Total as of December 31, 2022	0
Total After 6 For 1 Forward Share Split [Member]
IfrsStatementLineItems [Line Items]
Total as of December 31, 2021	$ 4,609,988,545	3,969,074,652
SOPs exercised and RUSs vested	64,418,580	131,489,040
Shares withheld for employees' taxes	(8,536,770)	(4,230,864)
Shares repurchased		(1,221,858)
Issuance of preferred shares (Series G)		70,552,224
Conversion of senior preferred shares (Series F-1)
Issuance of preferred shares due to Easynvest business combination		48,116,556
Issuance of preferred shares(Series G-1)		60,016,854
Conversion of ordinary shares in class A shares
Conversion of class A shares in class B shares
Awards issued		45,580,962
Issuance of class A shares - Cognitect acquisition		644,934
Issuance of class A shares - Spin Pay acquisition		830,490
Subtotal balances before the 6-for-1 forward share split		4,320,852,990
Issuance of shares due to the 6-for-1 forward share split
Subtotal balances after the 6-for-1 forward share split		4,320,852,990
Preferred shares converted into class A shares
Cancelation of management shares		(15,000)
Issuance of shares under the customer program		1,259,613
Issuance of shares under the IPO		287,890,942
Movements due to the IPO		289,135,555
Conversion of shares class B to A
Issuance of class A shares - Cognitect and Juntos acquisitions	1,362,201
Issuance of shares due to IPO over-allotment	27,555,298
Total as of December 31, 2022	$ 4,694,787,854	$ 4,609,988,545
Total After 6 For 1 Forward Share Split [Member] | Contingent consideration [member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	10,683,513
Total After 6 For 1 Forward Share Split [Member] | Reserved For The Share Based Payments [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	397,521,998
Total After 6 For 1 Forward Share Split [Member] | Shares Authorized Which May Be Issued Class A Or Class B [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	43,500,447,845
Total After 6 For 1 Forward Share Split [Member] | Shares Authorized And Unissued [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	43,908,653,356
Total After 6 For 1 Forward Share Split [Member] | Shares Authorized Issue [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued	4,694,787,854
Total as of December 31, 2022	48,603,441,210

Equity (Details 1)

Equity (Details 1)	Dec. 31, 2022 shares
IfrsStatementLineItems [Line Items]
Issuance of shares	2,602,026
Series F 1 [Member]
IfrsStatementLineItems [Line Items]
Issuance of shares	400,915
Series G [Member]
IfrsStatementLineItems [Line Items]
Issuance of shares	400,000
Series G 1 [Member]
IfrsStatementLineItems [Line Items]
Issuance of shares	400,000
Customer Program [Member]
IfrsStatementLineItems [Line Items]
Issuance of shares	247,998

Equity (Details 2)

Equity (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Equity Abstract
Accumulated losses	$ (701,062)	$ (336,484)
Share-based payments reserve	765,639	208,075
Total attributable to shareholders of the parent company	64,577	(128,409)
Accumulated profit (loss) attributable to non-controlling interests	0	(341)
Total accumulated losses	$ 64,577	$ (128,750)

Equity (Details 3)

Equity (Details 3) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Equity Abstract
Quantity of shares repurchased		1,221,858
Total value of shares repurchased		4,607
Quantity of shares withheld - RSU	8,536,770	4,230,864
Total value of shares withheld - RSU	51,212	18,299

Equity (Details 4)

Equity (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Equity Abstract
Cash flow hedge effects, net of deferred taxes	$ (7,486)	$ 1,487	$ 49
Currency translation on foreign entities	(108,356)	(110,936)	(97,081)
Changes in fair value - financial instruments at FVTOCI, net of deferred taxes	(22,298)	1,741	0
Own credit adjustment effects	489	(1,519)	(468)
Total	$ (137,651)	$ (109,227)	$ (97,500)

Equity (Details Narrative)

Equity (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Equity Abstract
Nominal par shares	$ 0.0000067	$ 0.0000067
Total amount share capital	$ 83	$ 83

Management of financial risks_3

Management of financial risks, financial instruments, and other risks (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Management Of Financial Risks Financial Instruments And Other Risks
Cash and cash equivalents	$ 4,172,316	$ 2,705,675	$ 2,343,780	$ 1,246,566
Securities	91,853	815,962
Derivative financial instruments	41,485	101,318
Collateral for credit card operations	305	1,052
Financial assets at fair value through profit or loss	133,643	918,332
Securities	9,947,138	8,163,428
Financial assets at fair value through other comprehensive income	9,947,138	8,163,428
Compulsory and other deposits at central banks	2,778,019	938,659
Credit card receivables	8,233,072	4,780,520
Loans to customers	1,673,440	1,194,814
Other receivables	521,670	50,349
Other financial assets	478,283	18,493
Financial assets at amortized cost	13,684,484	6,982,835
Total	$ 27,937,581	$ 18,770,270

Management of financial risks_4

Management of financial risks, financial instruments, and other risks (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Bank receipt of deposits	$ 15,808,541	$ 9,667,300
Deposits From Customers	96%	97%
Deposits From Customers 1	(0.00%)	1%
Time Deposit1	(0.00%)	0%
Borrowings and financing	$ 585,568	$ 147,243
Borrowings and financing percentage	4%	2%
Instruments Eligible As Capital	$ 11,507	$ 12,056
Instruments Eligible As Capital1	0%	0%
Total Deposits From Customers	100%	100%
Not Later Than Twelvemonth [Member]
IfrsStatementLineItems [Line Items]
Bank receipt of deposits	$ 14,160,805	$ 7,663,355
Deposits From Customers RdbV	0	31,557
Time Deposit	0	19,181
Borrowings and financing	38,329	23,577
Instruments Eligible As Capital		0
Deposits From Customers One	14,199,134	7,737,670
Not Over Than Twelvemonth [Member]
IfrsStatementLineItems [Line Items]
Bank receipt of deposits	113,154	64,753
Deposits From Customers RdbV	0	0
Time Deposit	0	0
Borrowings and financing	547,239	123,666
Instruments Eligible As Capital	11,507	12,056
Deposits From Customers One	671,900	200,475
Total [Member]
IfrsStatementLineItems [Line Items]
Bank receipt of deposits	14,273,959	7,728,108
Deposits From Customers RdbV	0	31,557
Time Deposit	0	19,181
Borrowings and financing	585,568	147,243
Instruments Eligible As Capital	11,507	12,056
Deposits From Customers One	$ 14,871,034	$ 7,938,145

Management of financial risks_5

Management of financial risks, financial instruments, and other risks (Details 2) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Derivative Financial Instruments		$ 41,485	$ 101,318
Instruments Eligible As Capital		11,507	12,056
Repurchase Agreements		197,242	3,046
Borrowings And Financing		585,568	$ 147,243
Not later than one month [member]
IfrsStatementLineItems [Line Items]
Derivative Financial Instruments		152
Instruments Eligible As Capital		0
Repurchase Agreements		197,242
Deposits In Electronic Money	[1]	1,531,753
Bank Receipt of Deposits RDB		13,589,341
Payables To Credit Card Network1		3,829,399
Borrowings And Financing		482
Other Derivative Financial Liabilities		19,148,369
Later than one month and not later than three months [member]
IfrsStatementLineItems [Line Items]
Derivative Financial Instruments		105
Instruments Eligible As Capital		0
Repurchase Agreements		0
Deposits In Electronic Money	[1]	0
Bank Receipt of Deposits RDB		207,839
Payables To Credit Card Network1		1,741,186
Borrowings And Financing		17,011
Other Derivative Financial Liabilities		1,966,141
Later than three months and not later than one year [member]
IfrsStatementLineItems [Line Items]
Derivative Financial Instruments		9,056
Instruments Eligible As Capital		0
Repurchase Agreements		0
Deposits In Electronic Money	[1]	0
Bank Receipt of Deposits RDB		336,218
Payables To Credit Card Network1		1,483,533
Borrowings And Financing		83,182
Other Derivative Financial Liabilities		1,911,989
Later than one year [member]
IfrsStatementLineItems [Line Items]
Derivative Financial Instruments		112
Instruments Eligible As Capital		14,742
Repurchase Agreements		0
Deposits In Electronic Money	[1]	0
Bank Receipt of Deposits RDB		145,100
Payables To Credit Card Network1		666
Borrowings And Financing		620,805
Other Derivative Financial Liabilities		781,425
Carrying Amount One [Member]
IfrsStatementLineItems [Line Items]
Derivative Financial Instruments		9,425
Instruments Eligible As Capital		11,507
Repurchase Agreements		197,242
Deposits In Electronic Money	[1]	1,534,582
Bank Receipt of Deposits RDB		14,273,959
Payables To Credit Card Network1		7,054,783
Borrowings And Financing		585,568
Other Derivative Financial Liabilities		23,667,066
Gross Nominal Outflow [Member]
IfrsStatementLineItems [Line Items]
Derivative Financial Instruments	[2]	9,425
Instruments Eligible As Capital	[2]	14,742
Repurchase Agreements	[2]	197,242
Deposits In Electronic Money	[1],[2]	1,531,753
Bank Receipt of Deposits RDB	[2]	14,278,498
Payables To Credit Card Network1	[2]	7,054,784
Borrowings And Financing	[2]	721,480
Other Derivative Financial Liabilities	[2]	$ 23,807,923
[1]In accordance with regulatory requirements, in guarantee of these deposits the Group has pledged reverse repurchase agreements and securities composed of Brazilian government bonds in the total amount of US$2,252,464 to the Brazilian Central Bank as of December 31, 2022 (US$2,271,585 as of December 31, 2021).[2]The gross nominal outflow was projected considering the exchange rate of Brazilian Reais, and Mexican and Colombian Pesos to US$ as of December 31, 2022 (R$5.2804, MXN19.4999 and COP4,852.50 per US$1) and the projected Brazilian CDI, obtained from B3's website, for the deposits.

Management of financial risks_6

Management of financial risks, financial instruments, and other risks (Details 3) - V A R [Member] - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
[custom:NuFinanceiraINuPagamentosBrazil]	[1]	$ 190	$ 1,012
Nu Holdings		$ 10,321	$ 340
[1]Includes Nu Financeira and its subsidiaries Nu Invest and Nu DTVM.

Management of financial risks_7

Management of financial risks, financial instruments, and other risks (Details 4) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Brazilian Risk Free Curve [Member]
IfrsStatementLineItems [Line Items]
Nu Financeira	[1]	$ (41)	$ 4
I P C A Coupon [Member]
IfrsStatementLineItems [Line Items]
Nu Financeira	[1]	(5)	(2)
Mexican Risk Free Curve [Member]
IfrsStatementLineItems [Line Items]
Nu Mexico		(11)
U S Risk Free Curve [Member]
IfrsStatementLineItems [Line Items]
Nu Holdings		$ (121)	$ (103)
[1]Includes Nu Financeira and its subsidiaries Nu Invest and Nu DTVM.

Capital management (Details)

Capital management (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Capital Management
Regulatory Capital	$ 1,091,675	$ 485,498
Tier I	905,782	467,225
Common Equity	769,640	467,225
Additional	136,142	0
Tier II	185,893	18,273
Risk Weighted Assets (RWA)	5,106,361	2,144,499
Credit Risk (RWA CPAD)	3,958,772	1,891,177
Market Risk (RWA MPAD)	70,159	14,825
Operational Risk (RWA OPAD)	1,077,430	238,497
Capital Required	536,168	225,172
Margin	$ 555,507	$ 260,325
Basel Ratio	21.40%	22.60%
RBAN - Capital Required	$ 128,320	$ 896
Margin considering RBAN	$ 427,187	$ 259,429

Capital management (Details 1)

Capital management (Details 1) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Capital Management
Adjusted Equity	$ 1,135,199	$ 570,418
Max Amount	3,923,171	2,487,136
Monthly average of payment transactions	3,923,171	2,487,136
Balance of electronic currencies	$ 1,492,236	$ 1,693,514
Capital Ratio	28.90%	22.90%

Capital management (Details Nar

Capital management (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Capital Management
Average payment	2%
Balance of electronic coins issued	2%
Regulatory capital position	$ 428,067	$ 4,435
Capital ratio	44.62%
Minimum requirement	10.50%

Segment information (Details)

Segment information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Revenue	$ 4,792,231	$ 1,698,023	$ 737,133
Reportable segments [member]
IfrsStatementLineItems [Line Items]
Revenue	3,345,093	1,319,045	610,642
Non current assets	626,025	507,931
Brazil [Member] | Reportable segments [member]
IfrsStatementLineItems [Line Items]
Revenue	3,121,129	1,285,849	609,232
Non current assets	551,668	491,805
Mexico [Member] | Reportable segments [member]
IfrsStatementLineItems [Line Items]
Revenue	201,197	29,546	1,409
Non current assets	17,610	8,235
Colombia [Member] | Reportable segments [member]
IfrsStatementLineItems [Line Items]
Revenue	20,369	805	1
Non current assets	5,124	650
Cayman Islands [Member] | Reportable segments [member]
IfrsStatementLineItems [Line Items]
Revenue	0	0	0
Non current assets	43,994	831
Germany [Member] | Reportable segments [member]
IfrsStatementLineItems [Line Items]
Revenue	0	0	0
Non current assets	88	150
Argentina [Member] | Reportable segments [member]
IfrsStatementLineItems [Line Items]
Revenue	0	0	0
Non current assets	46	73
United States [Member] | Reportable segments [member]
IfrsStatementLineItems [Line Items]
Revenue	2,398	2,845	$ 0
Non current assets	$ 7,495	$ 6,187

Segment information (Details Na

Segment information (Details Narrative)	12 Months Ended
	Dec. 31, 2022
Segment Information
Number reportable segment	one

Non-cash transactions (Details)

Non-cash transactions (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Non-cash Transactions
Oivia's acquisition - share consideration	$ 36,671	$ 0	$ 0
Contingent share award termination (note 10b)	355,573	0	0
Easynvest acquisition - share consideration	0	271,229	0
Conversion of senior preferred shares into equity	0	400,915	0
Spin Pay acquisition - share consideration	$ 0	$ 6,346	$ 0

Customer crypto safeguarding (D

Customer crypto safeguarding (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Customer Crypto Safeguarding
Total approximate number of crypto held for customers	$ 268,907
Bitcoin	10,227
Ethereum	7,823
Matic	181
UNI	82
Total	$ 18,313