Nu (NU) 20-F20 Apr 222021 FY Annual report (foreign)Financial data

Company Profile

Cover

Cover	12 Months Ended
Cover	Dec. 31, 2021shares
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, 2021
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
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	D5
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	Cayman Islands
Entity Address, Country	BR
Entity Address, Postal Zip Code	KY1-9010
City Area Code	1 345
Local Phone Number	949 2648
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	Other
Other Reporting Standard Item Number	Item 17
Entity Shell Company	false
Auditor Firm ID	1124
Auditor Name	KPMG Auditores Independentes Ltda.
Auditor Location	Chácara Santo Antonio
Class A [Member]
Entity Addresses [Line Items]
Entity Common Stock, Shares Outstanding	3,459,743,432
Class B [Member]
Entity Addresses [Line Items]
Entity Common Stock, Shares Outstanding	1,150,245,114
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
Local Phone Number	11 4020-00185
Contact Personnel Name	Guilherme Marques do Lago
Contact Personnel Email Address	investors@nubank.combr

Consolidated Statements of Prof

Consolidated Statements of Profit or Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Consolidated Statements Of Profit Or Loss
Interest income and gains (losses) on financial instruments	$ 1,046,746	$ 382,922	$ 337,851
Fee and commission income	651,277	354,211	274,258
Total revenue	1,698,023	737,133	612,109
Interest and other financial expenses	(367,344)	(113,924)	(109,697)
Transactional expenses	(117,119)	(126,815)	(79,316)
Credit loss allowance expenses	(480,643)	(169,485)	(175,178)
Total cost of financial and transactional services provided	(965,106)	(410,224)	(364,191)
Gross profit	732,917	326,909	247,918
Operating expenses
Customer support and operations	(190,509)	(123,950)	(115,567)
General and administrative expenses	(628,901)	(266,024)	(199,919)
Marketing expenses	(79,574)	(19,426)	(41,817)
Other income (expenses)	(4,097)	(9,535)	(19,914)
Total operating expenses	(903,081)	(418,935)	(377,217)
Results with convertible instruments		(101,152)
Loss before income taxes	(170,164)	(193,178)	(129,299)
Current taxes	(219,824)	(22,338)	(3,572)
Deferred taxes	224,654	44,025	40,340
Total income taxes	4,830	21,687	36,768
Loss for the year	(165,334)	(171,491)	(92,531)
Loss attributable to shareholders of the parent company	(164,993)	(171,491)	(92,531)
Loss attributable to non-controlling interests	$ (341)
Loss per share – Basic and Diluted	$ (0.1030)	$ (0.1304)	$ (0.0813)
Weighted average number of outstanding shares – Basic and Diluted (in thousands of shares)	$ 1,602,126	$ 1,315,578	$ 1,137,931

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income or Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Profit or loss [abstract]
Loss for the year	$ (165,334)	$ (171,491)	$ (92,531)
Other comprehensive income or loss:
Effective portion of changes in fair value	2,705	8,302	1,491
Changes in fair value reclassified to profit or loss	(242)	(8,223)	(1,489)
Deferred income taxes	(1,025)	(31)	(1)
Cash flow hedge	1,438	48	1
Changes in fair value	3,046
Deferred income taxes	(1,305)
Financial assets at fair value through other comprehensive income	1,741
Currency translation on foreign entities	(13,855)	(50,100)	(12,271)
Total other comprehensive income or loss that may be reclassified to profit or loss subsequently	(10,676)	(50,052)	(12,270)
Changes in fair value - own credit adjustment	(1,051)	(219)	(249)
Total other comprehensive income or loss that will not be reclassified to profit or loss subsequently	(1,051)	(219)	(249)
Total other comprehensive loss, net of tax	(11,727)	(50,271)	(12,519)
Total comprehensive loss for the year	(177,061)	(221,762)	(105,050)
Total comprehensive loss attributable to shareholders of the parent company	(176,720)	(221,762)	(105,050)
Total comprehensive loss attributable to non-controlling interests	$ (341)

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 2,705,675	$ 2,343,780
Financial assets at fair value through profit or loss	918,332	4,378,118
Securities	815,962	4,287,277
Derivative financial instruments	101,318	80
Collateral for credit card operations	1,052	90,761
Financial assets at fair value through other comprehensive income	8,163,428
Securities	8,163,428
Financial assets at amortized cost	6,932,486	3,150,013
Compulsory and other deposits at central banks	938,659	43,542
Credit card receivables	4,780,520	2,908,907
Loans to customers	1,194,814	174,694
Other financial assets at amortized cost	18,493	22,870
Other assets	283,264	123,495
Deferred tax assets	360,752	125,131
Right-of-use assets	6,426	10,660
Property, plant and equipment	14,109	9,850
Intangible assets	72,337	12,372
Goodwill	401,872	831
Total assets	19,858,681	10,154,250
Liabilities
Financial liabilities at fair value through profit or loss	102,380	90,796
Derivative financial instruments	87,278	75,304
Instruments eligible as capital	12,056	15,492
Repurchase agreements	3,046
Financial liabilities at amortized cost	14,706,713	9,421,710
Deposits	9,667,300	5,584,862
Payables to credit card network	4,882,159	3,331,258
Borrowings and financing	147,243	97,454
Securitized borrowings	$ 10,011	$ 79,742
Senior preferred shares		328,394
Salaries, allowances and social security contributions	$ 97,909	$ 25,848
Tax liabilities	241,197	30,782
Lease liabilities	7,621	12,014
Provision for lawsuits and administrative proceedings	18,082	16,469
Deferred income	30,657	25,965
Deferred tax liabilities	29,334	8,741
Other liabilities	182,247	83,814
Total liabilities	15,416,140	9,716,139
Equity
Share capital	83	45
Share premium reserve	4,678,585	638,007
Accumulated gain (losses)	(128,409)	(102,441)
Other comprehensive income (loss)	(109,227)	(97,500)
Equity attributable to shareholders of the parent company	4,441,032	438,111
Equity attributable to non-controlling interests	1,509
Total equity	4,442,541	438,111
Total liabilities and equity	$ 19,858,681	$ 10,154,250

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]	Reserve of gains and losses on hedging instruments that hedge investments in equity instruments [member]	Total	Financial Assets At F V T O C I [Member]	Other equity interest [member]	Non-controlling interests [member]
Beginning balance, value at Dec. 31, 2018	$ 42	$ 389,394	$ (57,994)	$ (34,710)			$ 296,732
IfrsStatementLineItems [Line Items]
Currency translation on foreign entities				(12,271)			(12,271)
Loss for the year			(92,531)				(92,531)
Absorption of accumulated losses by share premium reserve		(160,203)	160,203
Share-based compensation granted, net of shares withheld for employee taxes (note 10)			18,511				18,511
Stock options exercised		5,831					5,831
Shares repurchased (note 27)		(3,774)					(3,774)
Capital increase (Series F)	3	399,998					400,001
Cash flow hedge					1		1
Own credit adjustment						(249)	(249)
Ending balance, value at Dec. 31, 2019	45	631,246	28,189	(46,981)	1	(249)	612,251
IfrsStatementLineItems [Line Items]
Currency translation on foreign entities				(50,100)			(50,100)
Loss for the year			(171,491)				(171,491)
Share-based compensation granted, net of shares withheld for employee taxes (note 10)			40,861				40,861
Stock options exercised		6,776					6,776
Shares repurchased (note 27)		(15)					(15)
Cash flow hedge					48		48
Own credit adjustment						(219)	(219)
Issuance of preferred shares - Series F-1 (note 27)							16,795,799
Ending balance, value at Dec. 31, 2020	45	638,007	(102,441)	(97,081)	49	(468)	438,111		$ 438,111
IfrsStatementLineItems [Line Items]
Currency translation on foreign entities				(13,855)			(13,855)		(13,855)
Loss for the year			(164,993)				(165,334)		(164,993)	(341)
Share-based compensation granted, net of shares withheld for employee taxes (note 10)			139,025				139,025		139,025
Stock options exercised		12,252					12,252		12,252
Shares repurchased (note 27)		(4,607)					(4,607)		(4,607)
Cash flow hedge					1,438		1,438		1,438
Own credit adjustment						(1,051)	(1,051)		(1,051)
Shares issued on business acquisition (note 1 (c))		277,575					277,575		277,575
Issuance of preferred shares - Series F-1 (note 27)	5	400,910					400,915		400,915
Issuance of preferred shares - Series G (note 27)	3	399,997					400,000		400,000
Issuance of preferred shares - Series G-1 (note 27)	28	399,972					400,000		400,000
Issuance of shares under the customer program and IPO (note 1(a))	2	2,602,024					2,602,026		2,602,026
Transactions costs from IPO (note 1(a))		(47,545)					(47,545)		(47,545)
Increase in non-controlling interests							1,850			1,850
Fair value changes - financial assets at FVTOCI							1,741	1,741	1,741
Ending balance, value at Dec. 31, 2021	$ 83	$ 4,678,585	$ (128,409)	$ (110,936)	$ 1,487	$ (1,519)	$ 4,442,541	$ 1,741	$ 4,441,032	$ 1,509

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of profit (loss) to net cash flows from operating activities:
Loss for the year	$ (165,334)	$ (171,491)	$ (92,531)
Adjustments:
Depreciation and amortization	17,339	7,428	5,073
Credit loss allowance expenses	503,679	187,790	193,967
Deferred income taxes	(224,654)	(44,025)	(40,340)
Customer Program	11,180
Provision for lawsuits and administrative proceedings	2,818	227	7,386
Losses (gains) on other investments	(39,280)
Losses (gains) on financial instruments	19,338	48,433	1,799
Interest accrued	11,077	39,521	17,681
Share-based payments granted	157,324	35,569	18,511
total	293,487	103,452	111,546
Changes in operating assets and liabilities:
Securities	(4,666,792)	(2,008,861)	(1,689,547)
Compulsory deposits and others at central banks	(924,889)	(43,841)
Credit card receivables	(2,568,423)	(470,227)	(1,414,489)
Loans to customers	(1,522,217)	(178,686)	(63,009)
Interbank transactions		93	(91)
Other assets	(64,072)	78,319	(166,173)
Deposits	4,001,856	2,871,246	2,088,793
Payables to credit card network	1,602,485	312,607	1,365,476
Deferred income	4,848	3,621	10,325
Other liabilities	417,225	57,841	52,366
Interest paid	(9,062)	(6,199)	(15,603)
Income tax paid	(52,314)	(7,880)	(3,457)
Interest received	563,550	263,035
Cash flows (used in) generated from operating activities	(2,924,318)	974,520	276,137
Cash flows from investing activities
Acquisition of fixed assets	(6,025)	(3,084)	(2,377)
Acquisition of intangible assets	(22,473)	(4,902)	(2,302)
Acquisition of subsidiary, net of cash acquired	(114,486)	(8,284)
Equity instrument	(11,211)
Cash flow (used in) generated from investing activities	(154,195)	(16,270)	(4,679)
Cash flows from financing activities
Proceeds from senior preferred shares		300,000	400,001
Proceeds from securitized borrowings			126,768
Issuance of preferred shares	800,000
Issuance of shares under IPO	2,590,846
Transactions costs from IPO	(47,545)
Payments of securitized borrowings	(66,403)	(52,172)	(16,835)
Proceeds from borrowings and financing	116,349	17,974	160,577
Payments of borrowings and financing	(60,523)	(27,893)	(78,185)
Proceeds from debt instruments eligible as capital			18,824
Lease payments	(4,387)	(4,568)	(2,014)
Exercise of stock options	12,252	6,776	5,831
Shares repurchased	(4,607)	(15)	(3,774)
Cash flows (used in) generated from financing activities	3,335,982	240,102	611,193
Increase (decrease) in cash and cash equivalents	257,469	1,198,352	882,651
Cash and cash equivalents
Cash and cash equivalents - beginning of the year	2,343,780	1,246,566	379,207
Foreign exchange rate changes on cash and cash equivalents	104,426	(101,138)	(15,292)
Cash and cash equivalents - end of the year	2,705,675	2,343,780	1,246,566
Increase (decrease) in cash and cash equivalents	$ 257,469	$ 1,198,352	$ 882,651

Operations

Operations	12 Months Ended
Operations	Dec. 31, 2021
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, 2021, its significant subsidiaries are: ● 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, as well as 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 the “NuConta'' 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, among others. ● 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 Colombia S.A. (“Nu Colombia”) is an indirect subsidiary domiciled in Colombia, with operations related to credit cards, which was launched in September 2020. ● Nu Invest Corretora de Valores S.A. ("Nu Invest") is an indirect subsidiary acquired in June 2021, domiciled in Brazil, and is an independent digital investment broker dealer. 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, 2022. a) 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, based on 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 b) Acquisition activities pending completion i) 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. In 2016 Olivia launched an artificial intelligence ("AI") solution that helps individuals manage their money. The AI works b liquidation, c) Acquisition activities completed during the year - 2021 i) Easynvest's acquisition On June 1, 2021, the acquisition of 100 Nu Distribuidora de Titulos e Valores Mobiliarios Ltda. ("Nu DTVM") ● Nu Participações Financeiras S.A ("Nu Participações Financeiras") - formerly “Easynvest Holding Financeira”; ● Nu Invest Corretora de Valores S.A ("Nu Invest") formerly “Easynvest TCV"; ● Nu Participações S.A. ("Nu Participações") - formerly “Easynvest Participações"; ● Nu Corretora de Seguros Ltda. ("Nu Corretora de Seguros") - formerly “Easynvest Corretora"; ● Easynvest Gestão de Recursos Ltda. (“Easynvest Gestão”); and ● Vérios Gestão de Recursos S.A. (“Vérios”). On December 31, 2021, Nu Participações Financeiras was merged into Nu Invest. Purchase consideration at acquisition date The total consideration of US$451,546 was transferred to the selling shareholders. The difference between the amount paid and the net assets acquired, and liabilities assumed at fair value resulted in the recognition of goodwill, as shown below. Net identifiable assets acquired, and liabilities assumed The Company has concluded the identification of the assets acquired and liabilities assumed and the allocation of the purchase price to these assets and liabilities, as well as the measurement of goodwill. The purchase price allocation, including the allocation to the intangible assets and goodwill is shown below. Identifiable intangible assets will be amortized for a period of 4 11.7 The goodwill from Easynvest’s acquisition relates to future benefits expected to be realized through a number of strategies such as (a) diversification and increase in revenues by offering other products to customers, such as investment funds and equity and debt investment alternatives, as well as broker accounts; (b) the ability to bring forward the offering of these products as compared to developing the platform In house, and (c) the absorption of skilled workforce. These benefits have not been recognized separately from goodwill because they do not meet the definition of identifiable intangible assets. The total amount of goodwill that was expected to be deductible for tax purposes in Brazil was US$ 220,490 Schedule of fair value Fair value recognized on acquisition Net Identifiable assets and liabilities Cash and cash equivalents 71,324 Securities 168,100 Intangible assets 45,061 Other assets 14,119 Liabilities (240,047) Total identifiable net assets at fair value 58,557 Goodwill arising on acquisition 392,989 Purchased consideration transferred 451,546 Equity consideration 271,229 Cash consideration 180,317 The additional intangible assets recognized, and the allocation of the purchase price were technology (US$ 7,900 794 34,600 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 14.1% and (ii) perpetuity calculated by the terminal cash flow plus the growth in perpetuity of 3.2%, equivalent to the expectation of long-term inflation released by the Brazilian Central Bank. In addition to the 7,859,445 Net cash outflow on acquisition Consideration paid in cash 180,317 (-) Cash and cash equivalent balances acquired (71,324) Net cash outflow 108,993 Impact of the acquisition on the results of the Group Easynvest contributed US$ 17,700 10,593 1,710,650 171,560 ii) Akala I 100 3,000 iii) Spin Pay On August 29, 2021, Nu announced the acquisition of all the shares of Spin Pay Serviços de Pagamentos Ltda. ("Spin Pay"), a Brazilian payment platform that pioneered the development of instant payments solutions for online and offline merchants via the PIX"). As of August 31, 2021, Spin Pay had more than 220 merchants on its platform, connected to Spin Pay through commerce-enablement pl Purchase consideration at acquisition date The total purchase price was US$ 13,755 13,212 830,490 One member of Nu Holdings Board of Directors, before the acquisition, had a 1.24% interest in Spin Pay. Net identifiable assets acquired, and liabilities assumed Control over the entity was transferred to Nu in October 2021. 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 except for the measurement of the fair value of the intangible assets and, therefore, the measurement of goodwill. The purchase price allocation, including the preliminary allocation to the intangible assets and goodwill is shown below. Identifiable intangible assets will be amortized for a period of 2 5 The goodwill from Spin Pay’s acquisition relates to future benefits expected to be realized through a number of strategies, such as diversification and increase in revenues due to PIX-related payment services such as transaction financing, promotional platform and checkout solutions and the absorption of skilled workforce. These benefits have not been recognized separately from goodwill because they do not meet the definition of identifiable intangible assets. The total amount of goodwill that is expected to be deductible for tax purposes in Brazil is US$ 2,149 Schedule of fair value Fair value recognized on acquisition Net Identifiable assets and liabilities Cash and cash equivalents 1,373 Intangible assets 8,048 Other assets 63 Liabilities (1,101) Total identifiable net assets at fair value 8,383 Goodwill arising on acquisition 5,372 Purchased consideration transferred 13,755 Equity consideration 6,889 Cash consideration 6,866 The additional intangible assets recognized and the allocation of the purchase price were intellectual property (US$ 7,304 638 The following were the main assumptions used in the determination of the fair value of the net assets acquired and liabilities assumed : (i) discount rate of 18.2% and (ii) the residual value was calculated based on the projected cash flow for the last year (perpetuity). Net cash outflow on acquisition Consideration paid in cash 6,866 (-) Cash and cash equivalent balances acquired (1,373) Net cash outflow 5,493 Impact of the acquisition on the results of the Group Spin Pay contributed US$ 112 483 1,698,659 167,160 The aggregate of the Easynvest and Spin Pay acquisitions contributed to approximately US$17,812 of revenue and US$11,076 of loss in the period between the acquisition’s dates and the reporting date. Considering if the acquisitions had been completed on January 1, 2021, the Group would have reported total revenue of approximately US$ 1,715,835 176,410 d) Acquisition activities completed during the year - 2020 i) Acquisition of Cognitect, Inc On August 4, 2020, Nu Holdings acquired 100 both of which were already used by Nu. Cognitect licenses Datomic for customers and provides consulting services related to Datomic and Clojure. Nu’s intention was to add the knowledge of Cognitect developers to its team to foster technology and efficiency. Purchase consideration at acquisition date The operation was consummated by means of a cash consideration of US$10,432. As part of the purchase agreement, a contingent cash and a contingent share consideration has been agreed to be paid over 5 537 The difference between the amount paid and the net assets acquired at fair value resulted in the recognition of goodwill. Net identifiable assets acquired, and liabilities assumed The fair values of the identifiable assets and liabilities as at the date of acquisition were: Schedule of fair value Fair value recognized on acquisition Identifiable assets and liabilities Cash and cash equivalents 2,148 Software 5,173 Customer relationship 2,689 Other assets (liabilities) (409) Total identifiable net assets at fair value 9,601 Goodwill arising on acquisition 831 Total consideration 10,432 Purchase consideration transferred 10,432 Contingent liabilities have not been recorded due to the acquisition. Identifiable intangible assets are amortized for a period of 2.25 5 If the business combination had taken place at the beginning of the year of 2020, the Group’s revenue and loss for the year would not have been materially impacted. e) Reconciliation of intangible assets and goodwill shown in the consolidated statements of financial position Intangible assets from Easynvest's acquisition 45,061 Intangible assets from Spin Pay's acquisition 8,048 Other intangible assets 19,228 Total intangible assets 72,337 Goodwill from Easynvest's acquisition 392,989 Goodwill from Cognitect's acquisition 831 Goodwill from Spin Pay's acquisition 5,372 Goodwill from Akala's acquisition 2,680 Total goodwill 401,872 f) COVID-19 In response to the COVID-19 pandemic, many governments worldwide have taken measures related to social distancing, quarantine and travel restrictions affecting the population of these countries, including those where Nu operates. While countries are still advancing on the immunization of their populations, it is still not possible to assess when this pandemic and its effects will end. However, the Group observed: ● Growth – Nu continued to increase the number of accounts, partially driven by new customers, including new customers wanting to receive the governmental aid through Nu's savings accounts; ● Credit performance – while Nu saw initial credit deterioration during the early days of COVID-19, this trend reversed in the subsequent months and the credit risk converged to levels equal to or below those observed before the pandemic crisis; and ● Deposits – Nu served as a link between the government aid and the population, which was a factor behind the increase in the deposits balance. As a result of the above-mentioned factors which continue to remain in flux, Nu continues to analyze the effects of the pandemic on its operations, estimates and judgements, as well as on the application of accounting policies related to allowance for credit losses. Details of the impacts of the pandemic on the credit loss allowance are described in notes 13 and 14, as well as in note 28. In addition, since the beginning of the pandemic and to protect the health and safety of Nu’s employees, all the Group’s employees have been working remotely. Despite this challenging situation, Nu continued to grow the business and increased its headcount.

Statement of compliance

Statement of compliance	12 Months Ended
Statement of compliance	Dec. 31, 2021
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 2021 The following new or revised standards have been issued by IASB and were effective for the year covered by these consolidated financial statements. They had no impact on these consolidated financial statements. ● Covid-19-Related Rent Concessions (Amendment to IFRS 16) ● Interest Rate Benchmark Reform – Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16) ● New issuance: IAS 32 Financial Instruments: Presentation – Accounting for Warrants that are Initially Classified as Liabilities ● Proposed amendments to IAS 21: Lack of Exchangeability 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) ● Classification of Liabilities as Current or Non-Current (Amendments to IAS1) ● Amendments to References to the Conceptual Framework in IFRS Standards ● Amendments to IFRS 3 - Definition of a Business ● Amendments to IAS 1 and IAS 8 – Definition of Material ● Amendments to IAS 37 - Onerous Contracts — Cost of Fulfilling a Contract ● Amendments to IAS 16 - Property, Plant and Equipment — Proceeds before Intended Use Management does not expect the adoption of the standards and interpretations described above to have a significant impact on the consolidated financial statements.

Basis of consolidation

Basis of consolidation	12 Months Ended
Basis of consolidation	Dec. 31, 2021
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, direct 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. The financial information of the subsidiaries was prepared in the same period as the Company and applied consistent accounting policies. 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 on 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 company and to the non-controlling interest. These consolidated financial statements include the subsidiaries listed below: December 31 Entity Control Principal activities Functional currency Country 2021 2020 2019 Nu 1-B, LLC (“Nu 1-B”) Direct Holding Company US$ USA 100 100 100 Nu 2-B, LLC (“Nu 2-B”) Direct Holding Company US$ USA 100 100 100 Nu 3-B, LLC (“Nu 3-B”) Direct Holding Company US$ USA 100 100 100 Nu 1-A, LLC (“Nu 1-A”) Indirect Holding Company US$ USA 100 100 100 Nu 2-A, LLC (“Nu 2-A”) Indirect Holding Company US$ USA 100 100 100 Nu 3-A, LLC (“Nu 3-A”) Indirect Holding Company US$ USA 100 100 100 Nu Payments, LLC (“Nu Payments”) Indirect Holding Company US$ USA 100 100 100 Nu MX LLC (“Nu MX”) Direct Holding Company US$ USA 100 100 100 Nu Cayman Ltd (“Nu Cayman”) Direct Investment company US$ Cayman 100 100 - Nu Finanztechnologie GmbH (“Nu Finanz”) Direct Technology E-Hub EUR Germany 100 100 100 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 - Nu Colombia S.A. (“Nu Colombia”) Indirect Credit card operations COP Colombia 100 100 - Nu Argentina S.A. (“Nu Argentina”) Indirect Talent E-Hub ARS Argentina 100 100 - Cognitect, Inc. ("Cognitect") Direct Technology E-Hub US$ USA 100 100 - Internet – Fundo de Investimento em Participações Multiestratégia (“Internet FIP”) Indirect Investment company BRL Brazil 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 - Nu Produtos Ltda. ("Nu Produtos") Indirect Insurance commission BRL Brazil 100 100 - Nu Invest Corretora de Valores S.A ("Nu Invest") - former “Easynvest TCV" Indirect Investment platform BRL Brazil 100 - - Nu Participações S.A. ("Nu Participações") - former “Easynvest Participações" Indirect Holding Company BRL Brazil 100 - - Nu Corretora de Seguros Ltda. ("Nu Corretora de Seguros") - former “Easynvest Corretora" Indirect Insurance commission BRL Brazil 100 - - Easynvest Gestão de Recursos Ltda. (“Easynvest Gestão") Indirect Fund manager BRL Brazil 100 - - Vérios Gestão de Recursos S.A. (“Vérios”) Indirect Fund manager BRL Brazil 100 - - Nu Plataformas - Intermediação de Negocios e Serviços Ltda ("Nu Plataforma") Indirect Services platform BRL Brazil 100 - - Nu Tecnologia S.A ("Nu Tecnologia") Direct Talent E-Hub UYU Uruguay 100 - - Nu México Financiera, S.A. de C.V., S.F.P. ("Nu Financiera") - former “Akala” Indirect Multiple purpose financial company MXN Mexico 100 - - Nuplat S.A. ("Nuplat") Direct Talent E-Hub UYU Uruguay 100 - - Spin Pay Serviços de Pagamentos Ltda. ("Spin Pay") Indirect Payment hub BRL Brazil 100 - - In addition, for the years ended December 31, 2021, 2020 and 2019, the Company consolidated the following entities in which the Group’s companies hold a substantial interest or the entirety of the interests and are therefore exposed to, or have rights, to variable returns and have the ability to affect those returns through power over the entity: Additional details of consolidated financial statements include the subsidiaries listed below Name of the entity Country Fundo de Investimento em Direitos Creditórios NU (“FIDC Nu”) Brazil Fundo de Investimento Ostrum Soberano Renda Fixa Referenciado DI (“Fundo Ostrum”) Brazil Nu Fundo de Investimentos em Ações (“Nu FIA”) Brazil Nu Fundo de Investimento Renda Fixa ("NuFundo") - consolidated only in 2020 and 2019 Brazil The interest owned by other investors in these entities are presented as non-controlling interests in these consolidated financial statements. Nu Pagamentos, Nu Financeira, Nu DTVM and Nu Invest, Brazilian subsidiaries, are regulated by the Brazilian Central Bank (“BACEN”) and Nu Mexico Financiera, a Mexican subsidiary, is regulated by both the Mexican Central Bank ("BANXICO") and Mexican National Baking and Stock Commission (“CNBV”), 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. FIDC Nu also have specific restrictions, as described on note 20.

Significant accounting policies

Significant accounting policies	12 Months Ended
Significant accounting policies	Dec. 31, 2021
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. There were no defaults or breaches in any financial liability during 2021, 2020 and 2019. 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. As a result of the growth of Nu's activities, with a higher volume of deposits and related investment in financial assets, in 2021 the Group began to hold financial assets in a held-to-collect-and-sell business model which resulted in their classification as FVTOCI. Except for this addition, for the years ended December 31, 2021, and 2020, no other changes have occurred. 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 at amortized cost. 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. As of December 31, 2021, the Company did not have any outstanding convertible instruments. 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; ● Deposits, ● Payables to credit card network; ● Borrowings and financing, and securitized borrowings; ● Senior preferred shares. 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. The Group has also assumed a cure period for stage 2, where all receivables in arrears between 30 and 89 days at least once in the last six months are classified as stage 2. 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. A probation period is also considered: customers that were more than 90 days in arrears at the last six months are also classified as stage 3. 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 macroeconomic environment and changes in future macroeconomic scenarios. The macroeconomic forecasts are based on market expectations for Brazilian Gross Domestic Product (“GDP”) for the next two years as disclosed by the Brazilian Central Bank. These forecasts are constantly monitored by the Group. The Group also builds pessimistic and optimistic scenarios, which are based on the variance of future market expectations. The scenarios weighting depends on the Group’s expectations regarding the likelihood of each scenario to happen. The weighting is reviewed whenever there is a substantial change in the economic environment that causes different macroeconomics outlooks’ expectation. 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 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 it has no reasonable expectation of recovering. Significant portion of the write-offs of credit card receivables and loans to customers are done when the client is twelve months in arrears, and all balances are written-off 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 and offset against credit losses. Recoveries of credit losses are 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. All derivatives are carried as assets when their fair value is positive and as liabilities when their fair value is negative, 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 loss relating to the ineffective portion is recognized immediately in the statement of profit or loss. Amounts accumulated in equity are reclassified to the statement of profit or loss in the periods in which the hedged item affects profit or loss. When a hedging instrument expires or is sold, or when a hedge no longer meets the criteria for hedge accounting, any cumulative gain or loss existing in equity at that time remains in equity and is recognized in the statement of profit or loss when the forecast transaction is ultimately recognized in the statement of profit or loss. When a forecast transaction is no longer expected to occur, the cumulative gain or loss that was reported in equity is immediately transferred to the statement of profit or loss. The Group is exposed to foreign currency risk on forecast transactions, mainly expenses related to the cost of services and administrative expenses. 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 25. 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 . 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. i) Interchange fees Interchange fees income represents fees 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

Significant accounting judgment

Significant accounting judgments, estimates and assumptions	12 Months Ended
Significant accounting judgments, estimates and assumptions	Dec. 31, 2021
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 diverge from these estimates; and estimates and assumptions are reviewed continuously. 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 allowance methodology are: a) Definition of default; b) Forward-looking information used to 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, 2021, the probability weighted ECL allowance totaled US$ 588,215 390,679 197,536 10,972 Schedule of forecast Upside Base case Downside Credit card and lending ECL 573,642 586,755 600,602 The table below discloses the forecast used in each scenario for the Brazilian ECL allowance: Upside Base case Downside 2021- Brazilian GDP growth 1.6 0.3 -0.9 Post-model adjustments Throughout most of the 2020 and 2021 years, the Brazilian Government responses to COVID-19 pandemic, including the "Emergency Aid", changed the Group's portfolio behavior, reducing delinquency and improving other risk indicators. The Group's management believed this to be a temporary effect and concluded it was necessary to add a post-model adjustment on its ECL methodology. The post-model adjustment continues to be applied, but at a lower level when compared with December 31, 2020.The COVID-19 impacts that motivated the post-model adjustment can be seen in detail in notes 13 (f) and 14 (f), which describes the pandemic impacts in both credit card and lending portfolios. Schedule of impacts in both credit card and lending portfolios Modeled ECL Post-model Adjustments Total ECL Credit card 381,636 9,043 390,679 Personal loan 195,607 1,929 197,536 Total 577,243 10,972 588,215 As of December 31, 2021, post-model adjustments amounted to US$10,972. b) 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 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 . c) Goodwill impairment analysis For the purposes of impairment testing, the investment activities were the cash-generating unit ("CGU") in which Easynvest’s goodwill was allocated. For the year ended on December 31, 2021, 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 key assumptions used in the calculation of value in use were as follows. 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. ● Discount rate: 14 ● Terminal value growth rate: 3.35 ● Budgeted average growth rate for the next five year for undiscounted gross profit of 213 144 The discount rate used was the cost of equity for business in Brazil as defined by management. Five years of cash flow projections were included in the discounted cash flow model. A long-term growth rate was used to extrapolate the cash flows beyond the five-year period. The growth rate into perpetuity has been determined as the currently expected long term inflation rate for Brazil. Budgeted profit before taxes, depreciation and amortization was based on expectations of future outcomes considering past experience, adjusted for the anticipated revenue growth. Revenue growth was projected considering the average growth levels experienced over the past five years and the estimated growth for the next five years. The key assumptions described above may change as economic and market conditions change. The Group estimates that reasonably possible changes in these assumptions would not cause the recoverable amount of the CGU to decline below the carrying amount. d) 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. e) 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 25.

Income and related expenses

Income and related expenses	12 Months Ended
Income and related expenses	Dec. 31, 2021
Income and related expenses	6. Income and related expenses a) Interest income and gains (losses) on financial instruments 2021 2020 2019 Interest income – credit card 375,067 217,505 214,589 Interest income - lending 292,701 38,926 8,613 Interest income – other assets at amortized cost 66,202 37,833 56,817 Interest income and gains (losses) on financial instruments at fair value 312,776 88,658 57,832 Financial assets at fair value 309,196 84,819 60,151 Other 3,580 3,839 (2,319) Total interest income and gains (losses) on financial instruments 1,046,746 382,922 337,851 The interest income presented above from credit card, lending and other assets at amortized cost 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 2021 2020 2019 Interchange fees 471,505 254,327 203,871 Recharge fees 48,378 15,287 358 Rewards revenue 26,857 23,524 21,071 Late fees 49,951 31,237 27,889 Other fee and commission income 65,766 29,836 21,069 Customer Program ("NuSócios") (note 1(a)) (11,180) - - Total fee and commission income 651,277 354,211 274,258 Fee and commission income are presented by fee types that reflect the nature of the services offered by the Group. Recharge fees comprises the selling price of telecom prepaid credits to customers, net of its acquisition costs. c) Interest and other financial expenses 2021 2020 2019 Interest expense on deposits 317,420 87,325 81,049 Other interest and similar expenses 49,924 26,599 28,648 Interest and other financial expenses 367,344 113,924 109,697 d) Transactional expenses 2021 2020 2019 Bank slip costs 36,149 46,480 31,536 Rewards expenses 36,885 29,624 21,533 Credit and debit card network costs 22,705 24,986 14,703 Other transactional expenses 21,380 25,725 11,544 Total transactional expenses 117,119 126,815 79,316 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
Credit loss allowance expenses	Dec. 31, 2021
Credit loss allowance expenses	7. Credit loss allowance expenses Schedule of credit loss allowance expenses 2021 2020 2019 Additions 459,759 312,446 324,326 Reversals (148,158) (151,676) (135,344) Net increase of loss allowance (note 13) 311,601 160,770 188,982 Recovery (22,494) (18,202) (18,789) Credit card receivables 289,107 142,568 170,193 Additions 246,044 41,105 4,985 Reversals (53,966) (14,085) - Net increase of loss allowance (note 14) 192,078 27,020 4,985 Recovery (542) (103) - Loans to customers 191,536 26,917 4,985 Total 480,643 169,485 175,178

Operating expenses

Operating expenses	12 Months Ended
Operating expenses	Dec. 31, 2021
Operating expenses	8. Operating expenses Schedule of operating expenses 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 10) - 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 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 10) - 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 571 21,017 - 9,535 31,123 Total 123,950 266,024 19,426 9,535 418,935 2019 Customer support and operations General and administrative expenses Marketing expenses Other income (expenses) Total Infrastructure and data processing costs 56,502 22,460 - - 78,962 Credit analysis and collection costs 11,498 12,364 - - 23,862 Customer services 21,027 4,171 - - 25,198 Salaries and associated benefits 12,395 59,829 2,700 - 74,924 Credit and debit card issuance costs 10,350 35,905 - - 46,255 Share-based compensation - 18,511 - - 18,511 Specialized services expenses - 17,311 - - 17,311 Other personnel costs 2,257 11,066 177 - 13,500 Depreciation and amortization - 5,073 - - 5,073 Marketing expenses - - 38,940 - 38,940 Others 1,538 13,229 - 19,914 34,681 Total 115,567 199,919 41,817 19,914 377,217 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”.

Earnings (loss) per share

Earnings (loss) per share	12 Months Ended
Earnings (loss) per share	Dec. 31, 2021
Earnings (loss) per share	9. Earnings (loss) per share The following table reflects the net loss and share data used in the basic and diluted earnings per share (“EPS”) calculations: Schedule of earnings per share 2021 2020 2019 Loss attributable to shareholders of the parent company (164,993) (171,491) (92,531) Total weighted average of ordinary outstanding shares – basic and diluted (in thousands of shares) 1,602,126 1,315,578 1,137,931 Loss per share – basic and diluted (US$) (0.1030) (0.1304) (0.0813) Antidilutive instruments not considered in the weighted number of shares (in thousands of shares) 334,436 405,394 306,210 The Company has instruments that will become ordinary shares upon the exercise, vesting, conversion, or upon the satisfaction of specific conditions related to business combinations. These instruments were considered antidilutive because they would decrease the loss per share. These antidilutive instruments were not included in the weighted number of shares for the diluted earnings per share and they comprise SOPs, RSUs, and Awards described in note 10, preferred and contingent shares described in note 27 and the senior preferred shares described in note 23. The number of shares for all periods presented were adjusted to reflect the 6-for-1 forward share split approved on August 30, 2021 (note 27).

Share-based payments

Share-based payments	12 Months Ended
Share-based payments	Dec. 31, 2021
Share-based payments	10. Share-based payments The Group’s employee incentives include share settled awards in the form of stock, offering employees 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 in respect of the SOPs and RSUs granted is recognized in the statement of profit or loss over the period that 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 the passage of time for the Awards issued in 2021. RSUs incentive was implemented in 2020 and is expected to be the main incentive going forward. 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 ceasing the 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 wages charges, the Group recognizes expenses related to corporate taxes and social wages 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. On July 5, 2021, the Company issued class A ordinary shares pursuant to the achievement of market conditions determined on the Awards granted in 2020. The Awards granted on November 22, 2021, still outstanding, require certain service conditions from the Group's Chief Executive Officer (CEO) and determine that after 5 years following their grant, a number of class A ordinary shares equivalent to 1% of the total number of shares (on an as-converted, fully diluted basis and calculated immediately after the occurrence of the market conditions described herein) will be issued if the volume-weighted average price per class A ordinary share for a period of 60 consecutive trading days is (a) equal to or greater than US$18.69, and (b) is equal or greater than US$35.30 per share. As a result, the Company may issue up to 2% of the number of shares on a fully diluted basis; and the price per share will be adjusted in the event of any share splits, share dividends, combinations, subdivisions, recapitalizations, or others. 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 a 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. Neither the Company nor any of its subsidiaries hedge the risks related to share-based payments derived from the increase in expenses due to the issuance of new grants or appreciation of the share value of the Company. There were no changes to the terms and conditions of the SOPs, RSUs and Awards 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. SOPs 2021 WAEP (US$) 2020 WAEP (US$) 2019 WAEP (US$) Outstanding on January 1 42,515,821 1.58 51,034,938 0.91 2,728,085 9.19 Granted during the year 1,141,362 23.75 3,376,767 9.92 354,354 72.68 Exercised during the year (18,822,551) 0.38 (6,804,750) 0.24 (999,466) 3.09 Forfeited during the year (853,059) (5,091,134) (41,575) Balances before 6-for-1 forward share split 23,981,573 3.01 42,515,821 1.58 2,041,398 Issuance due to 25-for-1 forward share split 48,993,540 23 Issuance of options due to 6-for-1 forward split (note 27) 119,907,866 Outstanding on December 31 143,889,439 0.50 42,515,821 1.58 51,034,938 0.91 Exercisable on December 31 101,416,310 0.20 30,190,826 0.56 29,883,161 0.39 RSUs 2021 WAGDFV (US$) 2020 WAGDFV (US$) Outstanding on January 1 5,294,454 10.47 - Granted during the year 13,103,243 36.65 6,048,335 10.45 Vested during the year (3,092,289) 15.06 (430,680) 10.46 Forfeited during the year (1,817,919) (323,201) Balances before 6-for-1 forward share split 13,487,489 28.91 5,294,454 10.47 Issuance of RSUs due to 6-for-1 forward split (note 27) 67,437,448 Outstanding on December 31 80,924,937 4.82 5,294,454 10.47 The following table presents the following table presents the total amount of share-based compensation granted as of December 31,2021 and 2020 and the related expenses and provision for taxes as of December 31, 2021, 2020 and 2019. 2021 2020 2019 US$ US$ US$ Share-based payments granted, net of shares withheld for employee taxes 139,025 40,861 18,511 Share-based compensation expenses 225,445 56,273 4,968 Liability provision for taxes presented as salaries, allowances and social security contributions 61,772 10,334 4,968 The following table presents additional information relating to the SOP characteristics and the valuation model: 2021 2020 2019 Weighted average fair value of options granted during the year (US$)* 2.58 7.45 68.90 Weighted average share fair value of options granted during the year (US$)* 3.97 10.53 99.90 Exercised price of options granted during the year (US$)* 3.98 6.70 10.4 20.5 166.5 Expected volatility of options issued during the year (%) 72.5 75.0 69.5 77.9 64.3 77.9 Risk–free interest rate p.y. (%) 0.5 1.3 1.7 1.2 1.2 Weighted average share price of options exercised during the year (US$)* 3.98 10,6 234.5 Range of exercise prices remaining at year end (US$) Zero to US$ 3.0 95.0 90.8 26.7 US$ 3.1 to US$ 6.0 5.0 - - US$ 6.1 to US$ 10.0 - 2.3 10.8 US$ 10.1 to US$ 50.0 - 6.9 45.6 US$ 50.1 to US$ 100.0 - - 15.4 US$ 100.1 and above - - 1.5 Total cash to be received upon exercise of SOPs outstanding at year end Vested 20,779 16,761 11,690 Unvested 51,367 50,375 34,873 Weighted remaining contractual life (in years) 5.7 6.0 6.9 (*) 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: 2021 2020 Most relevant vesting periods for the grants outstanding 3 years 49.7 57.3 5 years 44.5 35.0 Volatility (%) 68.0 75.0 62.4 74.2 Discount for the lack of marketability (%) 17.0 19.0 21.4 23.0 Risk free interest rate (%) 0.06 0.11 0.41 Awards vesting period Up to 7.4 years Up to 4.5 years

Cash and cash equivalents

Cash and cash equivalents	12 Months Ended
Cash and cash equivalents	Dec. 31, 2021
Cash and cash equivalents	11. Cash and cash equivalents Schedule of cash and cash equivalents 2021 2020 Reverse repurchase agreement in foreign currency 1,115,805 1,783,988 Short-term investments 1,412,901 407,520 Bank balances 174,142 142,934 Other cash and cash equivalents 2,827 9,338 Total 2,705,675 2,343,780 Cash and cash equivalents are held to meet short-term cash needs and includes 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 its average rate of remuneration as of December 31, 2021, and 2020 is substantially 98.7% and 100% of the Brazilian CDI rate, respectively, which is set daily and represents the average rate at which Brazilian banks were willing to borrow/lend to each other for one day.

Securities

Securities	12 Months Ended
Securities	Dec. 31, 2021
Disclosure Securities Abstract
Securities	12. Securities a) Financial instruments at FVTPL 2021 2020 Breakdown by maturity Financial instruments at FVTPL Yield Maturity Cost Fair Value No maturity Up to 12 months Over 12 months Fair Value Government bonds Brazil (i) ~ 106.3% of CDI rate 01/22 - 09/27 571,467 571,753 - 17,132 554,621 4,137,224 Total government bonds 571,467 571,753 - 17,132 554,621 4,137,224 Corporate bonds and other instruments Bill of credit (LC) 118% - 139% CDI 01/22 14 14 - 14 - 23 Certificate of bank deposits (CDB) 4.6% - 13.0% p.a. 105% - 140% CDI IPCA+ 0.8% - 7.5% 01/22 - 10/30 81,796 81,810 76,688 5,122 - - Real estate and agribusiness letter of credit (CRIs/CRAs) 98.5% - 99% CDI IPCA+ 4.6197% - 5.50% 04/26 - 09/35 1,520 1,508 - 1,508 - - Corporate bonds and debentures 0.66% - 5.27% p.y. 01/23 - 01/36 120,340 120,859 - 956 119,903 - Equity instrument (iii) n/a n/a 11,211 30,735 30,735 - - - Investment funds (ii) ~ 86.1% of CDI rate n/a 12,059 9,125 9,125 - - 150,030 Stocks issued by public-held company n/a n/a 158 158 158 - - - Total corporate bonds and other instruments 227,098 244,209 116,706 7,600 119,903 150,053 Total financial instruments at FVTPL 798,565 815,962 116,706 24,732 674,524 4,287,277 2021 2020 Amounts in Amounts in Financial instruments at FVTPL Original Currency US$ Original Currency US$ Currency: Brazilian reais 3,718,139 666,835 22,287,409 4,287,277 American dollars 118,392 118,392 - - Indian rupee 2,364,231 30,735 - - Total 815,962 4,287,277 i) Includes US$17,296 (US$1,534,858 on 12/31/2020) 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$116,254 (US$112,412 on 12/31/2020). Government bonds are mainly composed of Financial Treasury Bills ("LFTs"), National Treasury Bills ("LTNs") and National Treasury Notes ("NTNs"), classified as Level 1 in the fair value hierarchy, as described in note 25. As described in note 4, the Group began holding financial assets in a held-to-collect -and -sell business model during 2021; therefore, part of Brazilian government bonds is classified as FVTOCI and are shown in the tables below. (ii) Refers to investments in funds in which assets are mostly Brazilian sovereign bonds. The fair value of these investments is determined based on the quota value, and these instruments are classified as level 2 in the fair value hierarchy. Such investments are indexed to the Brazilian CDI rate and had an average return of 86.1% of the Brazilian CDI rate in the year ended December 31, 2021 (89.5% during 2020). (iii) Refers to an investment in Jupiter, a neobank for consumers in India. As of December 31, 2021, the fair value changes of this investment amounted to US$19,524 and are presented as "Other income (expenses)" in the statement of profit or loss. b) Financial instruments at FVTOCI 2021 Maturities Financial instruments at FVTOCI Yield Maturity Cost Fair Value No maturity Up to 12 months Over 12 months Government bonds Brazil (i) ~ 106.3% of CDI rate 01/22 - 09/27 6,071,826 6,074,435 - 2,070,674 4,003,761 United States 0.02% - 1.05% fixed 02/22 - 04/25 829,969 830,124 - 830,124 - Colombia 2.42% fixed 02/24 504 504 - 504 - Total government bonds 6,902,299 6,905,063 - 2,901,302 4,003,761 Corporate bonds and other instruments Debentures IPCA + 4,9173% 03/36 939 924 - - 924 Investment funds CDI+ 3.95% - CDI+ 5.20% n/a 137,759 137,759 137,759 - - Time deposit 0.30% - 0.80% p.y 2/22 - 10/22 1,119,706 1,119,682 - 1,119,682 - Total corporate bonds and other instruments 1,258,404 1,258,365 137,759 1,119,682 924 Total financial instruments at FVTOCI 8,160,703 8,163,428 137,759 4,020,984 4,004,685 2021 Amounts in Financial instruments at FVTOCI Original Currency US$ Currency: Brazilian reais 34,643,103 6,213,118 American dollars 1,950,310 1,950,310 Total 8,163,428 (i) Includes US$2,082,519 held by certain subsidiaries for regulatory purposes, as required by the Brazilian Central Bank. Government bonds are classified as Level 1 in the fair value hierarchy, as described in note 25.

Credit card receivables

Credit card receivables	12 Months Ended
Credit card receivables	Dec. 31, 2021
Credit card receivables	90 days 138,380 2.7 98,573 3.2 Total overdue installments 277,130 5.4 146,563 4.7 Installments not overdue due in: <= 30 days 2,401,149 46.5 1,418,770 45.5 30 < 60 days 904,864 17.5 587,550 18.8 > 60 days 1,579,010 30.6 965,989 31.0 Total not overdue installments 4,885,023 94.6 2,972,309 95.3 Total 5,162,153 100.0 3,118,872 100.0 Overdue installments consist mainly of revolving balances, and not overdue installments consist mainly of future bill installments ("parcelado"). c) Credit loss allowance - by stages and stage 2 triggers As of December 31, 2021, the credit card ECL allowance totaled US$390,679 (US$217,542 on December 31, 2020). 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. It is monitored across multiple committees, supporting the decision-making process and is discussed in the primary credit forums along with the Group. All receivables are classified through stages, as described in note 4(a). Distribution within the stages as of December 31, 2021, showed a lower concentration in stage 1 portfolio, increasing the concentration in the riskier stages when compared to December 31, 2020, indicating the portfolio risk is returning to pre-COVID-19 levels (see item (f) about COVID-19 impacts) with the majority of the Group's credit card portfolio being classified as stage 1, followed by stages 2 and 3, respectively. 2021 Gross Exposures % 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 2020 Gross Exposures % Loss Allowance % Coverage Ratio (%) Stage 1 2,799,999 89.8 79,296 36.5 2.8 Stage 2 202,673 6.5 60,391 27.8 29.8 Absolute Trigger (Days Late) 50,375 24.9 22,172 36.7 44.0 Relative Trigger (PD deterioration) 152,298 75.1 38,219 63.3 25.1 Stage 3 116,200 3.7 77,855 35.7 67.0 Total 3,118,872 100.0 217,542 100.0 7.0 As of December 31, 2021, and 2020, most of the stage 2 exposure arose from contracts that had a significant increase in their probabilities of default (PDs). Stage 2 exposure concentration is higher on December 31, 2021, compared with December 31, 2020, following the movements of risk observed in the portfolio as described in item (f) Credit loss allowance - COVID-19 impacts. d) Credit loss allowance - by credit quality vs. stages Schedule of Credit loss allowance by credit quality 2021 Gross Exposures % 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 2020 Gross Exposures % Loss Allowance % Coverage Ratio (%) Strong (PD < 5%) 2,524,909 81.0 40,629 18.7 1.6 Stage 1 2,523,792 100.0 40,540 99.8 1.6 Stage 2 1,117 0.0 89 0.2 8.0 Satisfactory (5% <= PD <= 20%) 320,492 10.3 39,089 18.0 12.2 Stage 1 244,979 76.4 28,645 73.3 11.7 Stage 2 75,513 23.6 10,444 26.7 13.8 Higher Risk (PD > 20%) 273,471 8.7 137,824 63.3 50.4 Stage 1 31,228 11.4 10,111 7.3 32.4 Stage 2 126,043 46.1 49,858 36.2 39.6 Stage 3 116,200 42.5 77,855 56.5 67.0 Total 3,118,872 100.0 217,542 100.0 7.0 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 classificatio 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 Although a deterioration can be observed in the credit quality distribution, explained mainly by aforementioned risk normalization following the initial impacts of COVID-19, 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 (stage 3) are classified as higher risk, which also accounts for a large proportion of stage 2 exposure. Stage 1 receivables classified as higher risk are those customers with low credit risk scores. 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 credity allownace changes 2021 Stage 1 Stage 2 Stage 3 Total 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 54,096 92,658 164,847 311,601 New originations (a) 94,367 9,547 3,979 107,893 Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes (41,486) 81,867 160,549 200,930 Changes to models used in calculation (b) 1,215 1,244 319 2,778 Effect of changes in exchange rates (OCI) (6,488) (6,225) (7,233) (19,946) Loss allowance at end of the year 127,358 126,392 136,929 390,679 2020 Stage 1 Stage 2 Stage 3 Total 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 6,154 36,643 117,973 160,770 New originations (a) 27,727 2,421 1,376 31,524 Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes (9,593) 33,474 104,248 128,129 Changes to models used in calculation (b) (11,980) 748 12,349 1,117 Effect of changes in exchange rates (OCI) (15,334) (16,938) (17,997) (50,269) Loss allowance at end of the year 79,296 60,391 77,855 217,542 2019 Stage 1 Stage 2 Stage 3 Total Loss allowance at beginning of year 46,688 48,592 50,747 146,027 Transfers from Stage 1 to Stage 2 (6,217) 6,217 - - Transfers from Stage 2 to Stage 1 15,397 (15,397) - - Transfers to Stage 3 (4,197) (12,328) 16,525 - Transfers from Stage 3 181 174 (355) - Write-offs - - (103,680) (103,680) Net increase of loss allowance 18,902 50,780 119,300 188,982 New originations (a) 53,416 9,610 1,785 64,811 Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes (31,114) 43,854 115,966 128,706 Changes to models used in calculation (b) (3,400) (2,684) 1,549 (4,535) Effect of changes in exchange rates (OCI) (2,317) (2,507) (2,608) (7,432) Loss allowance at end of the year 68,437 75,531 79,929 223,897 (a) Considers all accounts originated from the beginning to the end of the year. ECL effects presented in the table were calculated as if risk parameters at the beginning of the year were applied. (b) Relates to methodology changes that occurred during the year, reflecting observed risks extending over a 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 help explain their effects to 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. 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 Gross carrying amount 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) Gross carrying amount at end of the year 2,799,999 202,673 116,200 3,118,872 2019 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year 1,452,751 229,401 87,702 1,769,854 Transfers from Stage 1 to Stage 2 (131,443) 131,443 - - Transfers from Stage 2 to Stage 1 87,250 (87,250) - - Transfers to Stage 3 (47,879) (45,940) 93,819 - Transfers from Stage 3 311 299 (610) - Write-offs - - (103,680) (103,680) Net change of gross carrying amount 1,203,286 174,355 63,291 1,440,932 Effect of changes in exchange rates (OCI) (79,720) (12,574) (4,391) (96,685) Gross carrying amount at end of the year 2,484,556 389,734 136,131 3,010,421 f) Credit loss allowance - COVID-19 impacts Throughout the 2020 and 2021 years, Brazilian government responses to the COVID-19 pandemic, including the "Emergency Aid", changed the portfolio credit behavior, reducing delinquency and improving other risk indicators at year end. In 2021, the effects of the pandemic in Brazil improved as more segments of the population had access to the vaccine in turn, allowing some level of normalization of the economic activity, especially in the second half of the year. In parallel, the Brazilian Government ended the "Emergency Aid" program in December 2021, which had been paid since April 2021 at lower levels in comparison with 2020. As a consequence of the improving economic activity and lower government stimulus, the portfolio had started to show some signs of risk increasing, reverting to pre-COVID-19 levels, leading to a concentration of 72.8% of the portfolio classified as strong (PD < 5%) segment as of December 31, 2021, compared with 81.0% on December 31, 2020. Although the “Emergency Aid” ended, the Government strengthened the pre-pandemic existing welfare programs, enlarging not only the number of families assisted, but also ensuring higher values guaranteed to be paid, at least, until the end of 2022. The Group expects that a more positive scenario arises both from the improvement in the health crisis and new government welfare programs, but there is still uncertainty about the Group’s risk indicator trends, due to new COVID-19 variants and subsequent changes in the welfare and "Emergency Aid" programs post 2022 elections. Given this scenario, the post-model adjustment continues to be applied, but at a lower level when compared with December 31, 2020. The total amount of the post-model adjustment for December 31, 2021, was US$9,043 (US$48,809 as of December 31, 2020), as shown in note 5(a). The Group continues to monitor the macro economic trends and the government responses to it and its effects on Nu’s customer behavior." id="sjs-B3">13. Credit card receivables a) Composition of receivables 2021 2020 Receivables - current (i) 2,341,492 1,475,417 Receivables - installments (i) 2,483,647 1,443,793 Receivables - revolving (ii) 337,014 199,662 Total receivables 5,162,153 3,118,872 Credit card ECL allowance Presented as deduction of receivables (381,633) (209,965) Presented as "Other liabilities" (9,046) (7,577) Total credit card ECL allowance (390,679) (217,542) Receivables, net 4,771,474 2,901,330 Total receivables presented as assets 4,780,520 2,908,907 (i) Current receivables are related to purchases made by customers due on the next credit card billing date. “Receivables – installments” is related to purchases in installments (“parcelado” in Brazil) which are financed by the merchant. With this product, the cardholder's purchase is paid in up to 12 equal monthly installments. The cardholder’s credit limit is initially reduced by the total amount and the installments become due and payable on the cardholder’s subsequent monthly credit card statements. The Group makes the corresponding payments to the credit card network (see note 19) 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) Revolving receivables are amounts due from customers that have not paid in full their credit card bill. Customers may request to convert these receivables in 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” - a type of installment loan which is settled through the customer’s monthly credit card bills . b) Breakdown by maturity 2021 2020 Amount % Amount % Installments overdue by: <= 30 days 77,527 1.5 29,512 0.9 30 < 60 days 34,476 0.7 9,109 0.3 60 < 90 days 26,747 0.5 9,369 0.3 > 90 days 138,380 2.7 98,573 3.2 Total overdue installments 277,130 5.4 146,563 4.7 Installments not overdue due in: <= 30 days 2,401,149 46.5 1,418,770 45.5 30 < 60 days 904,864 17.5 587,550 18.8 > 60 days 1,579,010 30.6 965,989 31.0 Total not overdue installments 4,885,023 94.6 2,972,309 95.3 Total 5,162,153 100.0 3,118,872 100.0 Overdue installments consist mainly of revolving balances, and not overdue installments consist mainly of future bill installments ("parcelado"). c) Credit loss allowance - by stages and stage 2 triggers As of December 31, 2021, the credit card ECL allowance totaled US$390,679 (US$217,542 on December 31, 2020). 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. It is monitored across multiple committees, supporting the decision-making process and is discussed in the primary credit forums along with the Group. All receivables are classified through stages, as described in note 4(a). Distribution within the stages as of December 31, 2021, showed a lower concentration in stage 1 portfolio, increasing the concentration in the riskier stages when compared to December 31, 2020, indicating the portfolio risk is returning to pre-COVID-19 levels (see item (f) about COVID-19 impacts) with the majority of the Group's credit card portfolio being classified as stage 1, followed by stages 2 and 3, respectively. 2021 Gross Exposures % 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 2020 Gross Exposures % Loss Allowance % Coverage Ratio (%) Stage 1 2,799,999 89.8 79,296 36.5 2.8 Stage 2 202,673 6.5 60,391 27.8 29.8 Absolute Trigger (Days Late) 50,375 24.9 22,172 36.7 44.0 Relative Trigger (PD deterioration) 152,298 75.1 38,219 63.3 25.1 Stage 3 116,200 3.7 77,855 35.7 67.0 Total 3,118,872 100.0 217,542 100.0 7.0 As of December 31, 2021, and 2020, most of the stage 2 exposure arose from contracts that had a significant increase in their probabilities of default (PDs). Stage 2 exposure concentration is higher on December 31, 2021, compared with December 31, 2020, following the movements of risk observed in the portfolio as described in item (f) Credit loss allowance - COVID-19 impacts. d) Credit loss allowance - by credit quality vs. stages Schedule of Credit loss allowance by credit quality 2021 Gross Exposures % 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 2020 Gross Exposures % Loss Allowance % Coverage Ratio (%) Strong (PD < 5%) 2,524,909 81.0 40,629 18.7 1.6 Stage 1 2,523,792 100.0 40,540 99.8 1.6 Stage 2 1,117 0.0 89 0.2 8.0 Satisfactory (5% <= PD <= 20%) 320,492 10.3 39,089 18.0 12.2 Stage 1 244,979 76.4 28,645 73.3 11.7 Stage 2 75,513 23.6 10,444 26.7 13.8 Higher Risk (PD > 20%) 273,471 8.7 137,824 63.3 50.4 Stage 1 31,228 11.4 10,111 7.3 32.4 Stage 2 126,043 46.1 49,858 36.2 39.6 Stage 3 116,200 42.5 77,855 56.5 67.0 Total 3,118,872 100.0 217,542 100.0 7.0 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 classificatio 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 Although a deterioration can be observed in the credit quality distribution, explained mainly by aforementioned risk normalization following the initial impacts of COVID-19, 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 (stage 3) are classified as higher risk, which also accounts for a large proportion of stage 2 exposure. Stage 1 receivables classified as higher risk are those customers with low credit risk scores. 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 credity allownace changes 2021 Stage 1 Stage 2 Stage 3 Total 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 54,096 92,658 164,847 311,601 New originations (a) 94,367 9,547 3,979 107,893 Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes (41,486) 81,867 160,549 200,930 Changes to models used in calculation (b) 1,215 1,244 319 2,778 Effect of changes in exchange rates (OCI) (6,488) (6,225) (7,233) (19,946) Loss allowance at end of the year 127,358 126,392 136,929 390,679 2020 Stage 1 Stage 2 Stage 3 Total 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 6,154 36,643 117,973 160,770 New originations (a) 27,727 2,421 1,376 31,524 Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes (9,593) 33,474 104,248 128,129 Changes to models used in calculation (b) (11,980) 748 12,349 1,117 Effect of changes in exchange rates (OCI) (15,334) (16,938) (17,997) (50,269) Loss allowance at end of the year 79,296 60,391 77,855 217,542 2019 Stage 1 Stage 2 Stage 3 Total Loss allowance at beginning of year 46,688 48,592 50,747 146,027 Transfers from Stage 1 to Stage 2 (6,217) 6,217 - - Transfers from Stage 2 to Stage 1 15,397 (15,397) - - Transfers to Stage 3 (4,197) (12,328) 16,525 - Transfers from Stage 3 181 174 (355) - Write-offs - - (103,680) (103,680) Net increase of loss allowance 18,902 50,780 119,300 188,982 New originations (a) 53,416 9,610 1,785 64,811 Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes (31,114) 43,854 115,966 128,706 Changes to models used in calculation (b) (3,400) (2,684) 1,549 (4,535) Effect of changes in exchange rates (OCI) (2,317) (2,507) (2,608) (7,432) Loss allowance at end of the year 68,437 75,531 79,929 223,897 (a) Considers all accounts originated from the beginning to the end of the year. ECL effects presented in the table were calculated as if risk parameters at the beginning of the year were applied. (b) Relates to methodology changes that occurred during the year, reflecting observed risks extending over a 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 help explain their effects to 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. 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 Gross carrying amount 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) Gross carrying amount at end of the year 2,799,999 202,673 116,200 3,118,872 2019 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year 1,452,751 229,401 87,702 1,769,854 Transfers from Stage 1 to Stage 2 (131,443) 131,443 - - Transfers from Stage 2 to Stage 1 87,250 (87,250) - - Transfers to Stage 3 (47,879) (45,940) 93,819 - Transfers from Stage 3 311 299 (610) - Write-offs - - (103,680) (103,680) Net change of gross carrying amount 1,203,286 174,355 63,291 1,440,932 Effect of changes in exchange rates (OCI) (79,720) (12,574) (4,391) (96,685) Gross carrying amount at end of the year 2,484,556 389,734 136,131 3,010,421 f) Credit loss allowance - COVID-19 impacts Throughout the 2020 and 2021 years, Brazilian government responses to the COVID-19 pandemic, including the "Emergency Aid", changed the portfolio credit behavior, reducing delinquency and improving other risk indicators at year end. In 2021, the effects of the pandemic in Brazil improved as more segments of the population had access to the vaccine in turn, allowing some level of normalization of the economic activity, especially in the second half of the year. In parallel, the Brazilian Government ended the "Emergency Aid" program in December 2021, which had been paid since April 2021 at lower levels in comparison with 2020. As a consequence of the improving economic activity and lower government stimulus, the portfolio had started to show some signs of risk increasing, reverting to pre-COVID-19 levels, leading to a concentration of 72.8% of the portfolio classified as strong (PD < 5%) segment as of December 31, 2021, compared with 81.0% on December 31, 2020. Although the “Emergency Aid” ended, the Government strengthened the pre-pandemic existing welfare programs, enlarging not only the number of families assisted, but also ensuring higher values guaranteed to be paid, at least, until the end of 2022. The Group expects that a more positive scenario arises both from the improvement in the health crisis and new government welfare programs, but there is still uncertainty about the Group’s risk indicator trends, due to new COVID-19 variants and subsequent changes in the welfare and "Emergency Aid" programs post 2022 elections. Given this scenario, the post-model adjustment continues to be applied, but at a lower level when compared with December 31, 2020. The total amount of the post-model adjustment for December 31, 2021, was US$9,043 (US$48,809 as of December 31, 2020), as shown in note 5(a). The Group continues to monitor the macro economic trends and the government responses to it and its effects on Nu’s customer behavior.

Loans to customers

Loans to customers	12 Months Ended
Loans to customers	Dec. 31, 2021
Loans To Customers
Loans to customers	14. Loans to customers a) Breakdown of receivables 2021 2020 Lending to individuals 1,392,350 200,904 Loan ECL allowance (197,536) (26,210) Total 1,194,814 174,694 b) Breakdown by maturity The following table shows loans to customers by maturity on December 31, 2021, and 2020, considering each installment individually. 2021 Installments overdue Installments not overdue % <60 days >60 days Total % Due in less than 1 year % Due between 1 and 5 years % Total Installment loans to individuals 22,371 25,168 47,539 3 1,155,760 84 189,051 13 1,392,350 100 Total 22,371 25,168 47,539 3 1,155,760 84% 189,051 13 1,392,350 100 Of which: 22,371 25,168 47,539 3 1,155,760 84 189,051 13 1,392,350 100 Fixed interest rate 22,371 25,168 47,539 3 1,155,760 84% 189,051 13 1,392,350 100 2020 Installments overdue Installments not overdue % <60 days >60 days Total % Due in less than 1 year % Due between 1 and 5 years % Total Installment loans to individuals 2,370 4,999 7,369 3 170,077 85 23,458 12 200,904 100 Total 2,370 4,999 7,369 3 170,077 85% 23,458 12 200,904 100 Of which: 2,370 4,999 7,369 3% 170,077 85 23,458 12 200,904 100 Fixed interest rate 2,370 4,999 7,369 3 170,077 85% 23,458 12 200,904 100 c) Credit loss allowance - by stages and stage 2 triggers The tables below show the credit loss allowance by stages as of December 31, 2021, and 2020. 2021 Gross Exposures % 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 2020 Gross Exposures % Loss Allowance % Coverage Ratio Stage 1 168,744 84.0 10,532 40.2 6.2 Stage 2 22,634 11.3 7,136 27.2 31.5 Absolute Trigger (Days Late) 3,819 16.9 2,873 40.3 75.2 Relative Trigger (PD deterioration) 18,815 83.1 4,263 59.7 22.7 Stage 3 9,526 4.7 8,542 32.6 89.7 Total 200,904 100.0 26,210 100.0 13.0 The lending product experienced significant growth throughout 2021. In addition, as the loan portfolio matures, the distribution in the riskier stages increases. d) Credit loss allowance - by credit quality vs stages 2021 Gross Exposures % 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 2020 Gross Exposures % Loss Allowance % Coverage Ratio Strong (PD < 5%) 66,754 33.2 947 3.6 1.4 Stage 1 66,607 99.8 939 99.2 1.4 Stage 2 147 0.2 8 0.8 5.4 Satisfactory (5% <= PD <= 20%) 99,909 49.7 8,416 32.1 8.4 Stage 1 97,421 97.5 8,175 97.1 8.4 Stage 2 2,488 2.5 241 2.9 9.7 Higher Risk (PD > 20%) 34,241 17.1 16,847 64.3 49.2 Stage 1 4,716 13.8 1,418 8.4 30.1 Stage 2 19,998 58.4 6,888 40.9 34.4 Stage 3 9,527 27.8 8,541 50.7 89.7 Total 200,904 100.0 26,210 100.0 13.0 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. Origination continues to grow with the gross carrying amount increasing by 593% in comparison to December 31, 2020. 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 e) 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 2021 Stage 1 Stage 2 Stage 3 Total 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 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) Loss allowance at end of the year 68,926 72,935 55,675 197,536 2020 Stage 1 Stage 2 Stage 3 Total 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 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) Loss allowance at end of the year 10,532 7,136 8,542 26,210 2019 Stage 1 Stage 2 Stage 3 Total Loss allowance at beginning of year - - - - Net increase of loss allowance 1,299 2,070 1,616 4,985 New originations (a) 1,299 2,070 1,616 4,985 Effect of changes in exchange rates (OCI) 1 2 2 5 Loss allowance at end of the year 1,300 2,072 1,618 4,990 (a) Considers all accounts originated from the beginning to the end of the year. ECL effects presented in the table were calculated as if risk parameters at the beginning of the year were applied. (b) Relates to methodology changes that occurred during the year, reflecting observed risks extending over a period, according to the Group’s processes of model monitoring. The following tables further explains changes in the gross carrying amount of the loan portfolio to help explain the changes in the loss allowance for the same portfolio as discussed above. “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 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 2019 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year - - - - Net increase of gross carrying amount 45,486 16,692 2,213 64,391 Effect of changes in exchange rates (OCI) (973) (357) (47) (1,377) Gross carrying amount at end of the year 44,513 16,335 2,166 63,014 f) Credit loss allowance - COVID-19 impacts Similar to the credit card portfolio (note 13(f)), the Group expects that a more positive scenario arises both from the improvement in the health crisis and new Government welfare programs, but there is still uncertainty about the Group’s risk indicator trends, due to new COVID-19 variants and subsequent changes in the welfare and "Emergency Aid" programs post 2022 elections. Given this scenario, the post-model adjustment continues to be applied, but at a lower level when compared with December 31, 2020. The total amount of the post-model adjustment for December 31, 2021, was US$ 1,929 2,307 The Group continues to monitor the macro economic environment and its effects on changes in Nu’s personal loan customer behavior.

Other assets

Other assets	12 Months Ended
Other assets	Dec. 31, 2021
Other assets	15. Other assets Schedule of Other Assets 2021 2020 Deferred expenses (i) 76,183 24,953 Taxes recoverable 71,865 31,702 Advances to suppliers and employees 23,958 10,192 Prepaid expenses 15,958 8,301 Judicial deposits (note 21) 17,480 16,440 Other assets 77,820 31,907 Total 283,264 123,495 (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
Derivative financial instruments	Dec. 31, 2021
Derivative financial instruments	16. 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 forecast transactions related to the cloud infrastructure and certain software licenses used by Nu 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) Forward contracts 83,155 81,528 (82,775) Warrants (i) 65,000 19,756 - Derivatives held for hedging Designated as cash flow hedges Exchange rate contracts - Future 77,115 - (135) Interest rate contracts - Swap 9,523 24 (7) Total 4,022,577 101,318 (87,278) 2020 Fair values Notional amount Assets Liabilities Derivatives classified as fair value through profit or loss Interest rate contracts - Future 2,964,368 5 (2,421) Currency exchange rate contracts - Future 65,961 27 (217) Interest rate contracts - Swap 10,214 48 - Derivatives held for hedging Designated as cash flow hedges Exchange rate contracts - Future 44,140 - (145) Embedded derivatives in convertible instruments - - (72,521) Total 3,084,683 80 (75,304) Futures contracts are traded on the B3, having B3 as the counterparty. Swap contracts are settled on a daily basis and are traded over the counter with financial institutions as counterparties. The total value of margins pledged by the Group in transactions on the stock exchange was exhibited in note 12. Nu Servicios entered into deliverable forward contracts to hedge intercompany loans with Nu MX in US dollars. (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 provides that Nu will invest up to US$200,000 in Creditas’ securitization vehicles, becoming the holder of the senior quotas of the fund. Nu was granted warrants that provide the right to acquire an equity interest equivalent to up to 7.7 130,000 As of December 31, 2021, the warrants fair value amounts to US$ 19,756 Breakdown by maturity The table below shows the breakdown by maturity of the notional amounts: 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 2020 Up to 3 months 3 to 12 months Over 12 months Total Assets Interest rate contracts - Future 368,048 143,381 3,488 514,917 Exchange rate contracts - Future 110,101 - - 110,101 Total assets 478,149 143,381 3,488 625,018 Liabilities Interest rate contracts - Future 39,393 242,931 2,167,127 2,449,451 Exchange rate contracts - Future - - 10,214 10,214 Total liabilities 39,393 242,931 2,177,341 2,459,665 Total 517,542 386,312 2,180,829 3,084,683 The table below shows the breakdown by maturity of the fair value amounts: 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 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 (5,324) 19,364 14,040 2020 Up to 12 months Over 12 months Total Assets Interest rate contracts - Future 1 4 5 Exchange rate contracts - Future 27 - 27 Interest rate contracts - Swap 48 - 48 Liabilities Interest rate contracts - Future (54) (2,367) (2,421) Exchange rate contracts - Future (362) - (362) Total (340) (2,363) (2,703) Analysis of derivatives designated as hedges Hedges 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 forecast 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 transaction. They are exchange traded and settled on a daily basis. The Group applies hedge accounting to the forecast transactions related to its main cloud infrastructure contract. 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 year 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 2021 2020 2019 Balance at beginning of the year 49 1 - Fair value change recognized in OCI during the year 2,705 8,302 1,491 Total amount reclassified from cash flow hedge reserve to income statement during the year (242) (8,223) (1,489) to "Customer support and operation" (91) (5,480) (943) to "General and administrative expenses" (136) (4,925) (597) Effect of changes in exchange rates (OCI) (15) 2,182 51 Deferred income taxes (1,025) (31) (1) Balance at end of the year 1,487 49 1 The material future transactions that are the object of the hedge are: Schedule Of Material Future Transactions 2021 2020 Up to 3 months 3 to 12 months Total Total Expected foreign currency transactions 24,564 53,837 78,401 46,399 Total 24,564 53,837 78,401 46,399

Instruments eligible as capital

Instruments eligible as capital	12 Months Ended
Instruments eligible as capital	Dec. 31, 2021
Instruments Eligible As Capital
Instruments eligible as capital	17. Instruments eligible as capital Schedule of financial liability at fair value 2021 2020 Financial liabilities at fair value through profit or loss Instruments eligible as capital 12,056 15,492 Total 12,056 15,492 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 or loss at its initial recognition. The losses of fair value changes arising from its own credit risk in the amount of US$ 1,051 219 249 3,580 1,984 3,491 Schedule of fair value changes and interest 2021 2020 2019 Balance at beginning of the year 15,492 22,084 - New issuances - - 18,824 Interest accrued 2,137 1,689 1,306 Fair value changes (5,717) (3,673) 2,185 Own credit transferred to OCI 1,051 219 249 Effect of changes in exchange rates (OCI) (907) (4,827) (480) Balance at end of the year 12,056 15,492 22,084

Financial liabilities at amorti

Financial liabilities at amortized cost – deposits	12 Months Ended
Financial liabilities at amortized cost – deposits	Dec. 31, 2021
Financial Liabilities At Amortized Cost Deposits
Financial liabilities at amortized cost – deposits	18. Financial liabilities at amortized cost – deposits Schedule of deposits 2021 2020 Deposits by customers (i) Bank receipt of deposits (RDB) 7,728,108 4,445,705 Deposits in electronic money 1,887,945 1,029,284 Bank receipt of deposits (RDB-V) 31,557 90,360 Time deposit (ii) 19,181 19,513 Other deposits 509 - Total 9,667,300 5,584,862 (i) In June 2019, Nu Financeira's RDB was launched as an investment option in “NuConta''. Unlike the deposits in electronic money, Nu can use the resources from RDB’s deposits in other operations and as funding for the lending and credit card operations. RDB’s deposits 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 November 2019, Nu Financeira launched another type of RDB, the Linked Bank Receipt of Deposit (“RDB-V”), which has the same remuneration characteristics and daily liquidity as RDB. In September 2020, Nu Financeira launched a new investment option – a RDB with scheduled redemption. Such modality differs from the common RDB, as it has redemption terms from 3 36 102 126 Deposits in electronic money include "NuConta" deposits as well as “Conta NuInvest" amounts, the latter corresponding to on-demand deposits of the Groups’ investment brokerage clients. Those deposits are required by BACEN to be invested in Brazilian government bonds. (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 Schedule of deposits 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 2020 Up to 12 months Over 12 months Total Deposits by customers Deposits in electronic money 1,029,284 - 1,029,284 Bank receipt of deposits (RDB) 4,415,892 29,813 4,445,705 Bank receipt of deposits (RDB-V) 90,360 - 90,360 Time deposit - 19,513 19,513 Total 5,535,536 49,326 5,584,862

Financial liabilities at amor_2

Financial liabilities at amortized cost – payables to credit card network	12 Months Ended
	Dec. 31, 2021
Financial Liabilities At Amortized Cost Payables To Credit Card Network
Financial liabilities at amortized cost – payables to credit card network	19. Financial liabilities at amortized cost – payables to credit card network Schedule of credit card payment 2021 2020 Payables to credit card network (i) 4,882,159 3,329,879 Payables to clearing houses - 1,379 Total 4,882,159 3,331,258 (i) Corresponds to the amount payable to the Mastercard brand 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”) have monthly settlements over a period of up to 12 months. For Mexican and Colombian operations, the amounts are settled in 1 business day. The segregation of the settlement is shown in the table below: Schedule of payable to credit card network Payables to credit card network 2021 2020 Up to 30 days 2,518,437 1,703,826 30 to 90 days 1,205,765 885,367 More than 90 days 1,157,957 740,686 Total 4,882,159 3,329,879 Collateral for credit card operations As of December 31, 2021, the Group had US$ 1,052 90,761 characteristics. The average remuneration rate of those deposits was 0.20 0.34

Financial liabilities at amor_3

Financial liabilities at amortized cost – borrowing, financing and securitized borrowings	12 Months Ended
	Dec. 31, 2021
Financial Liabilities At Amortized Cost Borrowing Financing And Securitized Borrowings
Financial liabilities at amortized cost – borrowing, financing and securitized borrowings	20. Financial liabilities at amortized cost – borrowing, financing and securitized borrowings Financial liabilities at amortized cost 2021 2020 Borrowings sand financing 147,243 97,454 Securitized borrowings 10,011 79,742 Total 157,254 177,196 a) Borrowings and financings Borrowings and financings maturities are as follows: 2021 Up to 3 months 3 to 12 months Over 12 months Total Borrowings and financings Bills of exchange (ii) 7,728 2,672 - 10,400 Term loan credit facility (iii) 3,064 10,113 123,666 136,843 Total borrowings and financings 10,792 12,785 123,666 147,243 2020 Up to 3 months 3 to 12 months Over 12 months Total Borrowings and financings Financial letter (i) - 60,126 - 60,126 Bills of exchange (ii) 5,620 1,588 10,476 17,684 Term loan credit facility (iii) - 254 19,390 19,644 Total borrowings and financings 5,620 61,968 29,866 97,454 (i) In June 2019, the Group issued a floating interest rate note in R$ in the amount equivalent to US$76,000 on the issuance date. The note was fully paid in June 2021. (ii) Corresponds to fixed and floating rate bills of exchange in the amount equivalent to US$12,941 on the issuance date, with maturity dates between January and July 2022 and interest on floating rates as of December 31, 2021, between 115% and 118% (113% and 119% as of December 31, 2020) of the Brazilian CDI and between 8.35% and 9.09% for the fixed rate bills as of December 31, 2021, and 2020. (iii) Corresponds to three term loan credit facilities obtained by subsidiary Nu Servicios, 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 6.3% per annum (Mexican Interbanking Equilibrium Interest Rate (“TIIE”) + 1.40%) 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 6.1% to 6.9% per annum (TIIE + 1.0% and TIIE + 1.45%, respectively). The maturity dates are November 2022 and July 2024. c) Goldman Sachs in the amount equivalent to US$25,000 on the issuance dates, with interest equivalent to 6.1% per annum (TIIE + 1.18%) and maturity date in January 2024. Changes to borrowings and financings are as follows: 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 2019 Financial letter Bank credit bill Bills of exchange Total Balance at beginning of the year - 50,386 313 50,699 New borrowings 76,061 63,384 21,132 160,577 Payments – principal - (78,185) - (78,185) Payments – interest - (2,654) - (2,654) Interest accrued 2,684 2,886 1,201 6,771 Effect of changes in exchange rates (OCI) (1,684) (1,634) (489) (3,807) Balance at end of the year 77,061 34,183 22,157 133,401 Guarantees The Company, together with its subsidiary Nu Pagamentos, are guarantors to the abovementioned loan agreements between Nu Servicios and BofA, JP Morgan and Goldman Sachs, as well as to the deliverable forward contracts described on note 16. The total amount of the guarantees is US$171,000 as of December 31, 2021. b) Securitized borrowings Securitized borrowings maturities are as follows: 2021 Until 3 months Total Securitized borrowings 3rd series 10,011 10,011 Total securitized borrowings 10,011 10,011 2020 Until 3 months 3-12 months Over 12 months Total Securitized borrowings 2nd series 1,214 3,623 - 4,837 3rd series 16,128 48,091 10,686 74,905 Total securitized borrowings 17,342 51,714 10,686 79,742 Securitized borrowings correspond to senior quotas issued by FIDC Nu, with maturity dates until February 2022 and interest rates of Brazilian CDI + 4% for 2 nd rd st nd As of December 31, 2021, FIDC Nu had receivables in the amount equivalent to US$ 10,421 56,989 Changes to securitized borrowings are as follows: 2021 2020 2019 Balance at beginning of the year 79,742 169,925 64,715 New borrowings - - 126,768 Interest accrued 1,904 4,633 11,846 Payments – principal (66,403) (52,172) (16,835) Payments – interest (1,976) (4,819) (11,717) Effect of changes in exchange rates (OCI) (3,256) (37,825) (4,852) Balance at end of the year 10,011 79,742 169,925

Provision for lawsuits and admi

Provision for lawsuits and administrative proceedings	12 Months Ended
Provision for lawsuits and administrative proceedings	Dec. 31, 2021
Provision for lawsuits and administrative proceedings	21. Provision for lawsuits and administrative proceedings Schedule of Provision for judicial and administrative proceedings 2021 2020 Tax risks 17,081 15,995 Civil risks 980 470 Labor risks 21 4 Total 18,082 16,469 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 for civil and labor risk. a) Provision Regarding tax risks, a provision in the amount of US$ 14,913 15,995 2,240 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$ 980 470 b) Changes Changes to provision for lawsuits and administrative proceedings are as follows: 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 2019 Tax Civil Labor Balance at beginning of the year 14,067 209 - Additions 7,263 743 21 Payments / Reversals - (641) - Effect of changes in exchange rates (OCI) (699) (11) - Balance at end of the year 20,631 300 21 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$ 4,365 454 4,054 242 d) Judicial deposits As of December 31, 2021, the total amount of judicial deposits shown as “Other assets” (note 15) is US$ 17,480 16,440

Deferred income

Deferred income	12 Months Ended
Deferred income	Dec. 31, 2021
Deferred Income
Deferred income	22. Deferred income Schedule of deferred income 2021 2020 Deferred revenue from points 25,462 19,256 Deferred annual fee 4,673 5,773 Other deferred income 522 936 Total 30,657 25,965 Deferred revenue from points 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.

Senior preferred shares

Senior preferred shares	12 Months Ended
Senior preferred shares	Dec. 31, 2021
Senior Preferred Shares
Senior preferred shares	23. Senior preferred shares On June 18, 2020, the Company concluded the issuance of senior preferred shares in the amount of US$ 300,000 The senior preferred shares had similar features to the preferred shares (note 27), except for (i) were senior to preferred shares upon the distribution of proceeds due to the liquidity events described in note 27, (ii) had the rights to cumulative dividends payments equivalent to 18.5% per year after December 2026, (iii) were redeemable in cash at the option of the holder upon the occurrence of mandatory redemption events, (iv) were redeemable in cash at the option of the Company at any time, (v) were convertible initially into a fixed number of ordinary shares at the option of the holder at any time, or in a variable number of ordinary shares if a down-round feature was triggered (vi) were automatically convertible upon the occurrence of a qualified initial public offering or liquidation event into a fixed number of ordinary shares or variable number of shares due to down-round features. Upon the exercise of the redeemable option in cash by the Company, the holders of the senior preferred shares could request the conversion of the senior preferred shares into a fixed or variable number of preferred shares prior to the redemption. On May 20, 2021, each senior preferred share was converted into 1 Series F-1 preferred share, with the total issuance of 16,795,799 400,915 The fair value of the convertible embedded derivative was measured using methodology consistent with the share price valuation described on share-based payments (note 10). 2021 2020 Balance at beginning of the year 400,915 - New issuances - 300,000 Deferred expenses - (236) Interest accrued 22,108 28,630 Changes in the fair value of the embedded derivative conversion feature (22,108) 72,521 Expenses with convertible instruments - 101,151 Conversion of senior preferred shares and embedded derivative into equity (400,915) - Balance at end of the year - 400,915 Host debt instrument at amortized cost - 328,394 Embedded derivative at fair value - 72,521

Related parties

Related parties	12 Months Ended
Related parties	Dec. 31, 2021
Related parties	24. 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, 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 subsidiaries are consolidated in these 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. The exchange differences arising from intercompany loans between entities of the group with different functional currencies are shown as “Other income (expenses)” in the statement of profit or loss. a) Transactions with other related parties Schedule of transactions with other related parties 2021 Assets/ (Liabilities) Revenues (expenses) Others 299 (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 member of the Company’s Board of Directors. In addition, on January 27, 2021, 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. On June 30, 2021, the Company sold 240,072 Series G-1 preferred shares at a purchase price of US$39.988768 per share to the Company's Board Members, for a total amount of US$1,600. b) Management compensation There are no 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. 2021 2020 2019 Consolidated statements of income or loss Fixed and variable compensation 34,252 9,029 10,464 Management compensation includes the compensation of remunerated members of the Board of Directors, which increased from one person in 2020 and 2019 to seven in 2021, and of Executive Officers, which increased from one person in 2020 and 2019 to nine in 2021.

Fair value measurement

Fair value measurement	12 Months Ended
Fair value measurement	Dec. 31, 2021
Fair value measurement	25. Fair value measurement The main valuation techniques employed in internal models to measure the fair value of the financial instruments on December 31, 2021, and 2020 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 the valuation techniques and internal models it used 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, 2021, and 2020. Schedule of fair value at amortized cost 2021 Book value Fair value - Level 2 Fair value - Level 3 Assets Compulsory deposits at central banks 938,659 938,659 - Credit card receivables 4,780,520 - 4,161,785 Loans to customers 1,194,814 - 1,324,513 Other financial assets at amortized cost 18,493 18,493 - Total 6,932,486 957,152 5,486,298 Liabilities Deposits in electronic money 1,888,454 1,689,569 - RDB and RDB-V 7,759,665 7,759,665 - Time deposit 19,181 19,181 - Payables to credit card network 4,882,159 4,755,304 - Borrowings and financing 147,243 147,140 - Securitized borrowings 10,011 10,011 - Total 14,706,713 14,380,870 - 2020 Book value Fair value - Level 2 Fair value - Level 3 Assets Compulsory deposits at central banks 43,542 43,542 - Credit card receivables 2,908,907 - 2,720,518 Loans to customers 174,694 - 242,305 Interbank transactions - - - Other financial assets at amortized cost 22,870 22,870 - Total 3,150,013 66,412 2,962,823 Liabilities Deposits in electronic money 1,029,284 1,029,356 - RDB and RDB-V 4,536,065 4,536,065 - Time deposit 19,513 19,513 - Payables to credit card network 3,331,258 3,313,608 - Borrowings and financing 97,454 96,877 - Securitized borrowings 79,742 79,726 - Total 9,093,316 9,075,145 - Cash and cash equivalents include short-term deposits, bank balances and reverse repurchase agreements, among others. For cash and cash equivalents, interbank transactions, other financial assets at amortized cost, borrowings and financing and securitized borrowings, the carrying amount is deemed to be a reasonable approximation of the fair value. The valuation approach to specific categories of financial instruments is described below. i) Fair value models and inputs Credit card: Loans to customers: Deposits Equity instrument: b) Fair value of financial instruments measured at fair value The following table shows a summary of the fair values, as of December 31, 2021, and 2020, 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 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 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 2020 Published price quotations in active markets (Level 1) Internal Models (Level 2) Internal Models (Level 3) Total Assets Government bonds Brazil 4,137,223 1 - 4,137,224 Mexico - - - - Corporate bonds and other instruments Investment funds - 150,030 - 150,030 Bill of credit (LC) - 23 - 23 Derivative financial instruments 32 48 - 80 Collateral for credit card operations - 90,761 - 90,761 Liabilities Embedded derivatives in convertible instruments and other derivatives 2,783 - 72,521 75,304 Instruments eligible as capital - 15,492 - 15,492 i) Fair value models and inputs Securities: Derivatives Instruments eligible as capital: c) Transfers between levels of the fair value hierarchy Transfers between levels of the fair value hierarchy are reported regularly throughout the year. As of December 31, 2021, and 2020, 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
Income tax	Dec. 31, 2021
Income Tax
Income tax	26. Income tax Current and deferred tax 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 March 2021, the Social Contribution tax rate in Brazil increased 5 percentage points, thus the combined income tax rate increased from 40 45 45 40 2021 2020 2019 Net loss before income tax (170,164) (193,178) (129,299) Tax rate (i) 45 40 40 Income tax 76,574 77,271 51,720 Permanent additions/exclusions Share-based payments (41,418) (8,639) (5,509) Customers gifts (250) (375) (1,685) Operational losses and others (6,385) (4,741) (2,343) Changes in income tax rate (11,127) - (2,546) Other expenses from Nu Holdings not subject to taxation (8,103) (8,049) - Effect of different tax rates - subsidiaries (4,541) (3,781) - Results with convertible instruments - (29,008) - Other non-deductible expenses (2,250) (1,022) (2,869) Income tax for the year 2,500 21,656 36,768 Current tax expense (219,824) (22,338) (3,572) Deferred tax benefit 224,654 44,025 40,341 Income tax in the statement of profit or loss 4,830 21,687 36,769 Deferred tax recognized in OCI (2,330) (31) (1) Income tax for the year 2,500 21,656 36,768 Effective tax rate -2.8 -11.2 -28.4 (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”. b) Deferred income taxes The following tables present significant components of the Group’s deferred tax assets and liabilities as of December 31, 2021, 2020 and 2019, 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 12/31/2020 Business combination Constitution Realization Foreign exchange 12/31/2021 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 provisions 33,323 585 44,456 (17,752) (3,525) 57,087 Fair value changes - financial instruments 8,659 - 141 6,206 250 15,256 Total deferred tax assets on temporary differences 116,535 626 242,517 (64,276) (12,635) 282,767 Tax loss and negative basis of social contribution 8,596 4,201 68,049 (110) (2,751) 77,985 Deferred tax assets 125,131 4,827 310,566 (64,386) (15,386) 360,752 Futures settlement market - - (10,736) (7,851) (263) (18,850) Fair value changes - financial instruments (8,741) - 141 6,206 250 (2,144) Others - - (8,473) (813) 946 (8,340) Deferred tax liabilities (8,741) - (19,068) (2,458) 933 (29,334) Deferred tax assets net of deferred tax liabilities 116,390 4,827 291,498 (66,844) (14,453) 331,418 12/31/2020 Constitution 12/31/2021 Reflected in equity, in other comprehensive income Fair value changes - cash flow hedge (32) (1,025) (1,057) Fair value instruments at FVTOCI - (1,305) (1,305) Total (32) (2,330) (2,362) Reflected in the statement of profit or loss 12/31/2019 Constitution Realization Foreign exchange 12/31/2020 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 12/31/2019 Constitution 12/31/2020 Reflected in equity, in other comprehensive income Fair value changes - cash flow hedge (1) (31) (32) Total (1) (31) (32) Reflected in the statement of profit or loss 12/31/2018 Constitution Realization Foreign exchange 12/31/2019 Provisions for credit losses 35,375 81,165 (51,636) (1,058) 63,846 Provision PIS/COFINS - Financial Revenue 5,627 2,905 - (280) 8,252 Other provisions 6,603 8,784 - (443) 14,944 Fair value changes - financial instruments 331 2,225 (326) (53) 2,177 Total deferred tax assets on temporary differences 47,936 95,079 (51,962) (1,834) 89,219 Tax loss and negative basis of social contribution 7,280 - (2,063) (238) 4,979 Deferred tax assets 55,216 95,079 (54,025) (2,072) 94,198 Fair value changes - financial instruments (1) (714) - 17 (698) Deferred tax liabilities (1) (714) - 17 (698) Deferred tax assets net of deferred tax liabilities 55,215 94,365 (54,025) (2,055) 93,500 12/31/2018 Constitution 12/31/2019 Reflected in equity, in other comprehensive income Fair value changes - cash flow hedge - (1) (1) Total - (1) (1)

Equity

Equity	12 Months Ended
Equity	Dec. 31, 2021
Schedule Of Accumulated Losses
Equity	27. Equity The table below presents the changes in shares issued and fully paid and shares authorized, by class, as of December 31, 2021, and 2020. Shares authorized and fully issued 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, 2019 215,537,175 422,057,050 - 2,500 - - 637,596,725 3,825,580,350 SOPs exercised and RUSs vested 7,235,430 - - - - - 7,235,430 43,412,580 Shares withheld for employees' taxes (114,341) - - - - - (114,341) (686,046) Shares repurchased (1,171) - - - - - (1,171) (7,026) Capital increase (Series F-1) - - 16,795,799 - - - 16,795,799 100,774,794 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 (note 10) (320,866) - - - (384,278) - (705,144) (4,230,864) Shares repurchased (203,643) - - - - - (203,643) (1,221,858) Capital increase (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 Capital increase (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 - 12,500 298,991,791 958,537,594 3,600,710,825 - Subtotal balances after the 6-for-1 forward share split - 2,811,802,728 - 15,000 358,790,149 1,150,245,113 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 - - - - 3,459,743,432 1,150,245,113 4,609,988,545 4,609,988,545 Shares authorized and unissued Class A Ordinary shares Class B Ordinary shares Total Total after 6-for-1 forward share split Business combination - contingent share consideration - - 6,113,124 6,113,124 Reserved for the share-based payments - - 237,110,883 237,110,883 Reserved for the issuance of the Award - - 98,920,396 98,920,396 Shares authorized which may be issued Class A or Class B - - 43,651,308,262 43,651,308,262 Shares authorized and unissued as of December 31, 2021 - - 43,993,452,665 43,993,452,665 Shares authorized issued 3,459,743,432 1,150,245,113 4,609,988,545 4,609,988,545 Total 3,459,743,432 1,150,245,113 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 On May 29, 2021, each issued and unissued authorized ordinary share was converted into one class A ordinary share, and 770,625,008 class B ordinary shares (4,623,750,048 after the 6-for-1 forward share split) were created. The rights of the holders of class A ordinary shares and class B ordinary shares are identical, except that (1) holders of class B ordinary shares are entitled to 20 votes per share, whereas holders of class A ordinary shares are entitled to one vote per share; (2) holders of class B ordinary shares have certain conversion rights into class A ordinary shares; (3) holders of class B ordinary shares are entitled to preemptive rights in the event that additional class A ordinary shares are issued to maintain their proportional ownership interest; and (4) class B ordinary shares shall not be listed on any stock exchange and will not be publicly traded. In June 2021, 184,110,692 class A ordinary shares (1,104,664,152 after the 6-for-1 forward share split) were converted into class B ordinary shares. In July 2021, Nu Holdings issued 7,596,827 class A ordinary shares (45,580,962 after the 6-for-1 forward share split) pursuant to the achievement of market conditions on the Awards described in note 10, and on July 21, 2021, they were converted into class B ordinary shares In August 2021, Nu Holdings issued 107,489 class A ordinary shares (644,934 after the 6-for-1 forward share split) due to compensation for post combination services agreed upon for the acquisition of Cognitect in 2020. In October 2021, Nu Holdings issued 138,415 class A ordinary shares (830,490 after the 6-for-1 forward share split) due to compensation for post combination services agreed upon for the acquisition of Spin Pay, which occurred in 2021. On December 9, 2021, as a result of the completion of the IPO described in note 1(a), 289,150,555 new Class A common shares were issued, which amount includes Class A ordinary shares offered in the form of BDRs and the 3,436,269 Class A ordinary shares underlying BDRs reserved for issuance under the Customer Program or "NuSócios". As of December 31, 2021, the Company has 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 0.00004 83 45 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 2020 and 2021: Date Capital and share premium reserve 6/18/2020 - Series F-1 400,915 1/27/2021 - Series G 400,000 6/4/2021 - Series G-1 400,000 Customer program and IPO (note 1(a)) 2,602,026 Total presented as equity 3,802,941 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. As described in note 23, on May 20, 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. 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 2021 2020 Accumulated losses (336,484) (171,491) Share-based payments reserve 208,075 69,050 Total attributable to shareholders of the parent company (128,409) (102,441) Accumulated losses attributable to non-controlling interests (341) - Total accumulated losses (128,750) (102,441) 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 year ended December 31, 2021, and 2020, the following shares were repurchased (after the 6-for-1 forward share split): 2021 2020 Quantity of shares repurchased 1,221,858 7,026 Total value of shares repurchased 4,607 15 Quantity of shares withheld - RSU 4,230,864 686,046 Total value of shares withheld - RSU 18,299 2.646 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 or loss in the periods in which the hedged items affect it. 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 or loss in future periods. The accumulated balances are as follows: 2021 2020 2019 Cash flow hedge effects, net of deferred taxes 1,487 49 1 Currency translation on foreign entities (110,936) (97,081) (46,981) Changes in fair value - financial instruments at FVTOCI, net of deferred taxes 1,741 - - Own credit adjustment effects (1,519) (468) (249) Total (109,227) (97,500) (47,229)

Management of financial risks,

Management of financial risks, financial instruments, and other risks	12 Months Ended
	Dec. 31, 2021
Management Of Financial Risks Financial Instruments And Other Risks
Management of financial risks, financial instruments, and other risks	28. Management of financial risks, financial instruments, and other risks a) Overview The Group prioritizes risks that could have a material impact on its strategic objectives, including regulatory risks. 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 results, capital, liquidity, customer relationship and reputation. Risks that are actively monitored include: Credit Risk; Liquidity Risk; Market Risk and Interest Rate Risk in the Banking Book (IRRBB); Operational Risk / Information Technology (IT) Risk; Compliance Risk; and Reputational Risk. b) Risk Management Structure The Group's risk management structure considers the size and complexity of its business, which allows the monitoring and control of the risks to which it is exposed. The risk management process permeates the entire Group, across the countries where Nu has operations, in line with the guidelines of management and executives, who, through committees and other internal meetings, define strategic objectives, including risk appetite. In addition, the capital control and management units provide support through risk and capital monitoring and analysis processes. The Group considers a risk appetite statement (“RAS”) to be an essential tool to support risk management and decision making. Therefore, its development is aligned with the business plan, strategy development and capital. Nu has defined a RAS that prioritizes the main risks and, for each of these, qualitative statements and quantitative metrics expressed in relation to gains, capital, risk measures, liquidity and other relevant measures have been implemented, as appropriate. Nu's risk management structure allows inherent and residual risks to be properly identified, measured, evaluated, monitored, reported, controlled and mitigated to support the development of its activities. Thus, Nu has adopted a model which consists of three lines of defense, as follows: ● First line of defense (risk owner accountability) ● Second line of defense (review and challenge) ● Third line of defense (risk assurance) 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 Group is exposed to different risks arising from its activities. Risk monitoring adapts as new risks and threats emerge. Currently, the Group is focused on the following risks: ● Credit Risk The Group credit risk management structure is independent from the business units and provides processes and tools to measure, monitor, control and report the credit risk from all products, continuously verifying their adherence to the approved policies and risk appetite structure. Credit risk management also assesses and monitors the impacts of potential changes in the economic environment on the Group credit portfolio to ensure that it is resilient to economic downturns. Nu's credit decision-making leverages a tiered review process based on materiality and impact of credit decisions. The decision tiers are classified in small, medium or large, related to their size and estimated impact. Each tier goes through a governance framework in accordance with the defined classification level, whereby larger decisions have a higher diligence level. Credit decision approvals take place in committees, technical forums, and the designated decision forums, with the involvement of the first and second lines of defense, depending on the governance framework. For the decision-making process, information arising from historical performance is presented and discussed using predictive models that analyze and score existing and potential customers based on their profitability and credit risk profile. The Group uses customers’ internal information, statistical models, and other quantitative analyses to determine the risk profile of each customer in the portfolio. The information collected is used to manage the portfolio credit risk and to measure expected credit losses with periodical assessment of changes in the provision amounts. Regarding past due customers, their behavior is continuously tracked and monitored to improve policies and approaches to collect debt. The collection strategies and policies of the Group depend on customer profiles and model scores, and they aim to maximize the recovery amounts. The Group also has limits for exposure to counterparty credit risk in cash or cash equivalents assets, aligned with its RAS. These limits are based on ratings from external rating agencies. Only part of the cash can be invested in assets with credit risk exposures. The Group’s outstanding balance of financial assets is shown in the table below: Financial assets 2021 2020 Cash and cash equivalents 2,705,675 2,343,780 Securities 815,962 4,287,277 Derivative financial instruments 101,318 80 Collateral for credit card operations 1,052 90,761 Financial assets at fair value through profit or loss 918,332 4,378,118 Securities 8,163,428 - Financial assets at fair value through other comprehensive income 8,163,428 - Compulsory deposits at central banks 938,659 43,542 Credit card receivables 4,780,520 2,908,907 Loans to customers 1,194,814 174,694 Other financial assets at amortized cost 18,493 22,870 Financial assets at amortized cost 6,932,486 3,150,013 Total 18,719,921 9,871,911 ● Liquidity Risk Liquidity risk is monitored to ensure that the Group will have sufficient high-quality liquid assets to withstand severe stress scenarios together with an adequate funding profile in terms of tenor, type, and counterparties. The Group has a Contingency Funding Plan that describes possible management actions that should be taken in the case of a deterioration of the liquidity indicators. Primary sources of funding - by maturity 2021 2020 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) 7,663,355 64,753 7,728,108 99% 4,415,892 29,813 4,445,705 91% Bank receipt of deposits (RDB-V) 31,557 - 31,557 1% 90,360 - 90,360 2% Time deposit 19,181 - 19,181 0% - 19,513 19,513 0% Instruments eligible as capital - 12,056 12,056 0% - 15,492 15,492 0% Senior preferred shares - - - 0% - 328,394 328,394 7% Total 7,714,093 76,809 7,790,902 100% 4,506,252 393,212 4,899,464 100% Maturities of financial liabilities The tables below summarize the Group’s financial liabilities into groups based on their contractual maturities: 2021 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 87,278 87,658 83,155 4,035 68 400 Instruments eligible as capital 12,056 44,666 - - - 44,666 Repurchase agreements 3,046 3,046 3,046 - - - Deposits in electronic money () 1,887,945 1,887,945 1,887,945 - - - Bank receipt of deposits (RDB) 7,728,108 7,861,504 7,296,337 78,035 439,561 47,571 Bank receipt of deposits (RDB-V) 31,557 31,557 31,557 - - - Time deposit 19,181 20,429 - - 20,429 - Other deposits 509 509 509 - - - Payables to credit card network 4,882,159 4,882,160 2,518,437 1,205,765 1,155,762 2,196 Borrowings and financing 147,243 161,543 1,686 9,738 43,090 107,029 Securitized borrowings 10,011 10,089 - 10,089 - - Total 14,809,093 14,991,106 11,822,672 1,307,662 1,658,910 201,862 () 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$ 2,171,585 (1) The gross nominal outflow was projected considering the exchange rate of Brazilian reais and Mexican pesos to US$ as of December 31, 2021 (R$5.5758 and MXN20.5294 per US$ 1 Market Risk and Interest Rate Risk in the Banking Book (IRRBB) There is a market risk and 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. Although the risk related to the changes in the fair value of its shares and its effects on share-based compensation and the embedded derivative conversion feature from the senior preferred share is observed, the Group does not hedge these risks because it considers this impracticable due to its nature and to the lack of instruments in the market. The risk arising from share-based payments is derived from the increase in expenses due to the issuance of new grants or appreciation of the share value of the Company. The risk arising from the embedded derivative conversion features affected the statement of profit or loss until the conversion when the entity derecognized the liability component and recognized it as equity. As a result, the total effect on changes in equity during the life of the convertible instrument was zero as no cash was paid. The table below presents the VaR for the entities in Brazil, calculated using a confidence level of 95% and a holding period of 1 day, by a historical simulation approach, with a 5-year window. VaR 2021 2020 Group 1,012 1,128 Nu Financeira 683 561 Nu Pagamentos 464 140 The financial positions directly held by Nu Holdings in the US are composed of demand deposits accounts (US$1,283,624), short term (less than 1 year) treasury bills (US$749,459), short-term time deposits (US$751,005), and a portfolio mainly composed of treasury bills and short-term high grade corporate bonds (US$198,852). This portfolio has a VaR (95% of confidence level, 1 day holding period) of US$128. Currency risk The consolidated financial statements may present volatility due to the Group’s operations in foreign currencies, such as Brazilian real and Mexican and Colombian pesos. At the Nu Holdings level, there is no net investment hedge for the investments in other countries. As of December 31, 2021, and 2020, none of the entities of the Group had significant financial instruments in a currency other than their respective functional currencies. In Brazil, Nu faces currency risks, mainly due to operational costs linked to its operations activities to mitigate foreign exchange risk, the Group hedges the expected costs in US$ and EUR in Nu Pagamentos, which has the Brazilian real as its functional currency. Derivatives instruments (dollar and euro future contracts, traded in B3) are used for carrying out these hedging activities, which are supervised by the Asset & Liability Management and Capital (ALM) Forum. Residual exposures are monitored, considering the costs (objects of hedge) and the derivatives (instruments of hedge). The currency risk in Nu Financeira is not hedged because it is deemed as not relevant. 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: Curve Brazilian Risk-Free Curve IPCA coupon DV01 2021 2020 2021 2020 Group 4 - (2) (1) Nu Financeira (1) (2) (1) (2) - Nu Pagamentos 6 2 - (1) (1) Includes Nu Financeira and its subsidiary Nu Invest. The interest rate risk in subsidiaries other than Nu Pagamentos and Nu Financeira are deemed not relevant as of December 31, 2021, and 2020. To maintain DV01 sensitivities within defined limits, interest rate futures, traded in B3, and swaps derivatives are used to hedge interest rate risk. With respect to sensitivity to US risk-free interest rate, treasury bills held directly by Nu Holdings have a DV01 of US$36.8, and Time Deposits have DV01 of US$19.2. ● Operational risk There is an operational risk and internal control’s structure, which is responsible for the identification and assessment of operational risks, as well as the evaluation of the design and effectiveness of the internal controls structure. This structure is also responsible for the preparation and periodic testing of the business continuity plan and to coordinate the risk assessment in new product launches and significant changes in the existing processes. Within the governance of the risk management process, mechanisms for identifying, measuring, evaluating, monitoring, and reporting operational risk events are presented to each business area (first line of defense), as well as disseminating the control culture to other team members internally. The main results from the risk assessments are presented to the Operational Risk and Internal Controls Technical Forum and to the Risk Committee. Applicable improvement recommendations result in action plans with planned deadlines and responsibilities. Information Technology ("IT") risk As the Group operates in a challenging cyber threat environment, it continuously invests in controls and technologies to defend against these threats. Information Technology risks, including cyber risk, is a priority area for Nu and therefore the Group has a dedicated IT Risk structure, which is part of the second line of defense. This team is independent from IT related areas, including Engineering, IT Operations, and Information Security. IT Risk is responsible for identifying, assessing, measuring, monitoring, controlling, and reporting Information Technology risks in relation to risk appetite levels approved by the country-level Risk Committee. The Group continually assesses Nu's potential risk exposure to threats and their potential impacts on the business and customers. The Group continues to improve its IT and cybersecurity features and controls, also considering that people are a key component of the security strategy, ensuring that the employees and third-party contributors remain aware of prevention measures and 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 country-level Risk Committee. Applicable improvement recommendations result in action plans with planned deadlines and responsibilities. ● Compliance As the Group operates in a highly regulated environment, a 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. 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. Nu's Anti Money Laundering Program represents the global framework and guidelines for AML/CTF and is the basis for the AML team's strategic planning. 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 understands that the materialization of other risks can negatively impact its reputation, as they are intrinsically connected. Undesirable events in different risk dimensions 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.

Capital management

Capital management	12 Months Ended
Capital management	Dec. 31, 2021
Capital Management
Capital management	29. Capital management The purpose of capital management is to ensure 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. At the executive level, the ALM Technical Forum is responsible for approving risk assessment and capital calculation methodologies, as well as reviewing, monitoring, and recommending capital-related action plans to the Risk Committee. a) Minimum capital requirements The Group must comply with two different regulatory capital requirements in Brazil: 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 4,193/13. ● Nu Pagamentos: minimum level of capital, considering the minimum requirements for payment institutions, according to Circular BACEN 3,681/13. 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 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 CNBV, which is comparable to the Basel Ratio methodology. Nu implemented a capital management structure aiming at maintaining a higher level of capital than the minimum regulatory requirements. Additionally, the Group has commenced operations in Colombia and will comply with local rules as soon as regulatory requirements are applicable in this jurisdiction. 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 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. It is important to note that the Financial Conglomerate does not hold any debt eligible to Additional Tier I on the date of these consolidated financial statements. ● 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. Notwithstanding the minimum capital adequacy ratio provided under CMN Resolution No. 4,193/13, upon being granted its financial institution license in 2018, Nu Financeira undertook a commitment to operate with a higher Basel Committee minimum capital adequacy ratio of 14.0 Schedule of financial conglomerate Financial Conglomerate 2021 2020 Regulatory Capital 485,498 118,612 Tier I 467,225 101,229 Common Equity 467,225 101,229 Tier II 18,273 17,383 Risk Weighted Assets (RWA) 2,144,499 388,346 Credit Risk (RWA CPAD) 1,891,177 372,841 Market Risk (RWA MPAD) 14,825 63 Operational Risk (RWA OPAD) 238,497 15,442 Capital Required 225,172 40,776 Margin 260,325 77,836 Basel Ratio 22.6 30.5 RBAN - Capital Required 896 2,334 Margin considering RBAN 259,429 75,502 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 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 and its minimum requirement for Nu Pagamentos, required by the current regulation in Brazil. Schedule of capital ratio Nu Pagamentos 2021 2020 Adjusted Equity 570,418 276,672 Max Amount 2,487,136 1,538,256 Monthly average of payment transactions 2,487,136 1,538,256 Balance of electronic currencies 1,693,514 1,072,056 Capital Requirement Ratio 22.9 18.0 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 CNBV. In December 2021, its Regulatory Capital position was equivalent to US$ 4,435 395 10.5

Segment information

Segment information	12 Months Ended
Segment information	Dec. 31, 2021
Segment information	30. 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 or loss and comprehensive income or 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: Revenue (a) Non-current assets (b) 2021 2020 2019 2021 2020 Brazil 1,285,849 609,232 497,446 491,805 24,099 Mexico 29,546 1,409 14 8,235 1,418 Colombia 805 1 - 650 79 Cayman Islands - - - 831 831 Germany - - - 150 181 Argentina - - - 73 112 United States 2,845 - - 6,187 6,993 Total 1,319,045 610,642 497,460 507,931 33,713 (a) Includes interest income (credit card and lending), 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, 2021, 2020 and 2019.

Non-cash transactions

Non-cash transactions	12 Months Ended
Non-cash transactions	Dec. 31, 2021
Non-cash Transactions
Non-cash transactions	31. Non-cash transactions Schedule of non cash transactions 2021 Easynvest acquisition - share consideration (note 1(c)) 271,229 Conversion of senior preferred shares into equity (note 23) 400,915 Spin Pay acquisition - share consideration (note 1(c)) 6,346

Subsequent events

Subsequent events	12 Months Ended
Subsequent events	Dec. 31, 2021
Subsequent events	32. Subsequent events a) Acquisition – Olivia 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 on the share purchase agreement and the liquidation of the first part of the acquisition contractual price. The total contractual acquisition price corresponds to US$ 72,000, 12,240 59,760 The transaction qualifies as a business combination and will be accounted for using the acquisition method of accounting. As a result of limited access to Olivia’s information required to prepare initial accounting, together with the limited time since the acquisition date and the effort required to conform Olivia’s financial statements to the Company's practices and policies, the initial accounting for the business combination is incomplete at the date of issuance of these consolidated financial statements. As a result, the Company is unable to provide the amounts recognized as of the acquisition date for the major classes of assets acquired and liabilities assumed, pre-acquisition contingencies and goodwill. b) Green Shoe On January 6, 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 a result, Nu Holdings received additional net proceeds of US$ 247,998 3,985 c) Syndicated credit facility In April 2022, the Group obtained a US$ 650,000

Significant accounting polici_2

Significant accounting policies (Policies)	12 Months Ended
Significant accounting policies (Policies)	Dec. 31, 2021
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. There were no defaults or breaches in any financial liability during 2021, 2020 and 2019. 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. As a result of the growth of Nu's activities, with a higher volume of deposits and related investment in financial assets, in 2021 the Group began to hold financial assets in a held-to-collect-and-sell business model which resulted in their classification as FVTOCI. Except for this addition, for the years ended December 31, 2021, and 2020, no other changes have occurred. 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 at amortized cost. 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. As of December 31, 2021, the Company did not have any outstanding convertible instruments. 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; ● Deposits, ● Payables to credit card network; ● Borrowings and financing, and securitized borrowings; ● Senior preferred shares. 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. The Group has also assumed a cure period for stage 2, where all receivables in arrears between 30 and 89 days at least once in the last six months are classified as stage 2. 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. A probation period is also considered: customers that were more than 90 days in arrears at the last six months are also classified as stage 3. 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 macroeconomic environment and changes in future macroeconomic scenarios. The macroeconomic forecasts are based on market expectations for Brazilian Gross Domestic Product (“GDP”) for the next two years as disclosed by the Brazilian Central Bank. These forecasts are constantly monitored by the Group. The Group also builds pessimistic and optimistic scenarios, which are based on the variance of future market expectations. The scenarios weighting depends on the Group’s expectations regarding the likelihood of each scenario to happen. The weighting is reviewed whenever there is a substantial change in the economic environment that causes different macroeconomics outlooks’ expectation. 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 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 it has no reasonable expectation of recovering. Significant portion of the write-offs of credit card receivables and loans to customers are done when the client is twelve months in arrears, and all balances are written-off 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 and offset against credit losses. Recoveries of credit losses are 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. All derivatives are carried as assets when their fair value is positive and as liabilities when their fair value is negative, 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 loss relating to the ineffective portion is recognized immediately in the statement of profit or loss. Amounts accumulated in equity are reclassified to the statement of profit or loss in the periods in which the hedged item affects profit or loss. When a hedging instrument expires or is sold, or when a hedge no longer meets the criteria for hedge accounting, any cumulative gain or loss existing in equity at that time remains in equity and is recognized in the statement of profit or loss when the forecast transaction is ultimately recognized in the statement of profit or loss. When a forecast transaction is no longer expected to occur, the cumulative gain or loss that was reported in equity is immediately transferred to the statement of profit or loss. The Group is exposed to foreign currency risk on forecast transactions, mainly expenses related to the cost of services and administrative expenses. 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 25.
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. i) Interchange fees Interchange fees income represents fees 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 it depends on the segment of each merchant. The interchange income is withheld from the amount to be paid to Mastercard. ii) Rewards revenues It 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: Furniture and other office equipment 10 years Computer equipment 5 years Software 5 years 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 should be 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. For the years ended on December 31, 2021, 2020 and 2019, no adjustment to the recoverable amount for non-financial assets was recorded on the financial statements.
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: a) amounts deposited by customers mainly in: (i) “NuConta”, the prepaid account. Nu is required to invest the amounts received in government securities; and (ii) Bank Receipt of Deposits ("RDB") and Linked Bank Receipt of Deposits (“RDB-V”). The amounts deposited by customers in these modalities can be used as a financing source for the Group’s operation and may or may not be invested in government securities. b) time deposits; and c) other deposits. For those deposits, the interest expense is recognized using the effective interest rate method.
Payables to credit card network	o) Payables to credit card network Payables to credit card network 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 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 . Tax Rate (2021) Rate (2020/2019) Income tax - IRPJ 15 10 15 10 Social contribution - CSLL 20 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.

Operations (Tables)

Operations (Tables)	12 Months Ended
Operations (Tables)	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Reconciliation of intangible assets and goodwill shown in the consolidated statements of financial position	e) Reconciliation of intangible assets and goodwill shown in the consolidated statements of financial position Intangible assets from Easynvest's acquisition 45,061 Intangible assets from Spin Pay's acquisition 8,048 Other intangible assets 19,228 Total intangible assets 72,337 Goodwill from Easynvest's acquisition 392,989 Goodwill from Cognitect's acquisition 831 Goodwill from Spin Pay's acquisition 5,372 Goodwill from Akala's acquisition 2,680 Total goodwill 401,872
Easynvests [Member]
IfrsStatementLineItems [Line Items]
Schedule of fair value	Schedule of fair value Fair value recognized on acquisition Net Identifiable assets and liabilities Cash and cash equivalents 71,324 Securities 168,100 Intangible assets 45,061 Other assets 14,119 Liabilities (240,047) Total identifiable net assets at fair value 58,557 Goodwill arising on acquisition 392,989 Purchased consideration transferred 451,546 Equity consideration 271,229 Cash consideration 180,317
Schedule of fair value	Net cash outflow on acquisition Consideration paid in cash 180,317 (-) Cash and cash equivalent balances acquired (71,324) Net cash outflow 108,993
Spin Pay [Member]
IfrsStatementLineItems [Line Items]
Schedule of fair value	Schedule of fair value Fair value recognized on acquisition Net Identifiable assets and liabilities Cash and cash equivalents 1,373 Intangible assets 8,048 Other assets 63 Liabilities (1,101) Total identifiable net assets at fair value 8,383 Goodwill arising on acquisition 5,372 Purchased consideration transferred 13,755 Equity consideration 6,889 Cash consideration 6,866
Schedule of fair value	Net cash outflow on acquisition Consideration paid in cash 6,866 (-) Cash and cash equivalent balances acquired (1,373) Net cash outflow 5,493 Impact of the acquisition on the results of the Group Spin Pay contributed US$ 112 483 1,698,659 167,160 The aggregate of the Easynvest and Spin Pay acquisitions contributed to approximately US$17,812 of revenue and US$11,076 of loss in the period between the acquisition’s dates and the reporting date. Considering if the acquisitions had been completed on January 1, 2021, the Group would have reported total revenue of approximately US$ 1,715,835 176,410 d) Acquisition activities completed during the year - 2020 i) Acquisition of Cognitect, Inc On August 4, 2020, Nu Holdings acquired 100 both of which were already used by Nu. Cognitect licenses Datomic for customers and provides consulting services related to Datomic and Clojure. Nu’s intention was to add the knowledge of Cognitect developers to its team to foster technology and efficiency. Purchase consideration at acquisition date The operation was consummated by means of a cash consideration of US$10,432. As part of the purchase agreement, a contingent cash and a contingent share consideration has been agreed to be paid over 5 537 The difference between the amount paid and the net assets acquired at fair value resulted in the recognition of goodwill. Net identifiable assets acquired, and liabilities assumed The fair values of the identifiable assets and liabilities as at the date of acquisition were: Schedule of fair value Fair value recognized on acquisition Identifiable assets and liabilities Cash and cash equivalents 2,148 Software 5,173 Customer relationship 2,689 Other assets (liabilities) (409) Total identifiable net assets at fair value 9,601 Goodwill arising on acquisition 831 Total consideration 10,432 Purchase consideration transferred 10,432
Cognitect Inc [Member]
IfrsStatementLineItems [Line Items]
Schedule of fair value	The fair values of the identifiable assets and liabilities as at the date of acquisition were: Schedule of fair value Fair value recognized on acquisition Identifiable assets and liabilities Cash and cash equivalents 2,148 Software 5,173 Customer relationship 2,689 Other assets (liabilities) (409) Total identifiable net assets at fair value 9,601 Goodwill arising on acquisition 831 Total consideration 10,432 Purchase consideration transferred 10,432

Basis of consolidation (Tables)

Basis of consolidation (Tables)	12 Months Ended
Basis of consolidation (Tables)	Dec. 31, 2021
These consolidated financial statements include the subsidiaries listed below:	These consolidated financial statements include the subsidiaries listed below: December 31 Entity Control Principal activities Functional currency Country 2021 2020 2019 Nu 1-B, LLC (“Nu 1-B”) Direct Holding Company US$ USA 100 100 100 Nu 2-B, LLC (“Nu 2-B”) Direct Holding Company US$ USA 100 100 100 Nu 3-B, LLC (“Nu 3-B”) Direct Holding Company US$ USA 100 100 100 Nu 1-A, LLC (“Nu 1-A”) Indirect Holding Company US$ USA 100 100 100 Nu 2-A, LLC (“Nu 2-A”) Indirect Holding Company US$ USA 100 100 100 Nu 3-A, LLC (“Nu 3-A”) Indirect Holding Company US$ USA 100 100 100 Nu Payments, LLC (“Nu Payments”) Indirect Holding Company US$ USA 100 100 100 Nu MX LLC (“Nu MX”) Direct Holding Company US$ USA 100 100 100 Nu Cayman Ltd (“Nu Cayman”) Direct Investment company US$ Cayman 100 100 - Nu Finanztechnologie GmbH (“Nu Finanz”) Direct Technology E-Hub EUR Germany 100 100 100 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 - Nu Colombia S.A. (“Nu Colombia”) Indirect Credit card operations COP Colombia 100 100 - Nu Argentina S.A. (“Nu Argentina”) Indirect Talent E-Hub ARS Argentina 100 100 - Cognitect, Inc. ("Cognitect") Direct Technology E-Hub US$ USA 100 100 - Internet – Fundo de Investimento em Participações Multiestratégia (“Internet FIP”) Indirect Investment company BRL Brazil 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 - Nu Produtos Ltda. ("Nu Produtos") Indirect Insurance commission BRL Brazil 100 100 - Nu Invest Corretora de Valores S.A ("Nu Invest") - former “Easynvest TCV" Indirect Investment platform BRL Brazil 100 - - Nu Participações S.A. ("Nu Participações") - former “Easynvest Participações" Indirect Holding Company BRL Brazil 100 - - Nu Corretora de Seguros Ltda. ("Nu Corretora de Seguros") - former “Easynvest Corretora" Indirect Insurance commission BRL Brazil 100 - - Easynvest Gestão de Recursos Ltda. (“Easynvest Gestão") Indirect Fund manager BRL Brazil 100 - - Vérios Gestão de Recursos S.A. (“Vérios”) Indirect Fund manager BRL Brazil 100 - - Nu Plataformas - Intermediação de Negocios e Serviços Ltda ("Nu Plataforma") Indirect Services platform BRL Brazil 100 - - Nu Tecnologia S.A ("Nu Tecnologia") Direct Talent E-Hub UYU Uruguay 100 - - Nu México Financiera, S.A. de C.V., S.F.P. ("Nu Financiera") - former “Akala” Indirect Multiple purpose financial company MXN Mexico 100 - - Nuplat S.A. ("Nuplat") Direct Talent E-Hub UYU Uruguay 100 - - Spin Pay Serviços de Pagamentos Ltda. ("Spin Pay") Indirect Payment hub BRL Brazil 100 - -
Additional details of consolidated financial statements include the subsidiaries listed below	In addition, for the years ended December 31, 2021, 2020 and 2019, the Company consolidated the following entities in which the Group’s companies hold a substantial interest or the entirety of the interests and are therefore exposed to, or have rights, to variable returns and have the ability to affect those returns through power over the entity: Additional details of consolidated financial statements include the subsidiaries listed below Name of the entity Country Fundo de Investimento em Direitos Creditórios NU (“FIDC Nu”) Brazil Fundo de Investimento Ostrum Soberano Renda Fixa Referenciado DI (“Fundo Ostrum”) Brazil Nu Fundo de Investimentos em Ações (“Nu FIA”) Brazil Nu Fundo de Investimento Renda Fixa ("NuFundo") - consolidated only in 2020 and 2019 Brazil

Significant accounting polici_3

Significant accounting policies (Tables)	12 Months Ended
Significant accounting policies (Tables)	Dec. 31, 2021
The useful life of fixed and intangible assets items are as follows:	The useful life of fixed and intangible assets items are as follows: Furniture and other office equipment 10 years Computer equipment 5 years Software 5 years
CSLL (social contribution on profits), with rates as shown below	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 . Tax Rate (2021) Rate (2020/2019) Income tax - IRPJ 15 10 15 10 Social contribution - CSLL 20 15

Significant accounting judgme_2

Significant accounting judgments, estimates and assumptions (Tables)	12 Months Ended
	Dec. 31, 2021
Significant Accounting Judgments Estimates And Assumptions
Schedule of forecast	Schedule of forecast Upside Base case Downside Credit card and lending ECL 573,642 586,755 600,602 The table below discloses the forecast used in each scenario for the Brazilian ECL allowance: Upside Base case Downside 2021- Brazilian GDP growth 1.6 0.3 -0.9
Schedule of impacts in both credit card and lending portfolios	Schedule of impacts in both credit card and lending portfolios Modeled ECL Post-model Adjustments Total ECL Credit card 381,636 9,043 390,679 Personal loan 195,607 1,929 197,536 Total 577,243 10,972 588,215

Income and related expenses (Ta

Income and related expenses (Tables)	12 Months Ended
Income and related expenses (Tables)	Dec. 31, 2021
Interest income and gains (losses) on financial instruments	a) Interest income and gains (losses) on financial instruments 2021 2020 2019 Interest income – credit card 375,067 217,505 214,589 Interest income - lending 292,701 38,926 8,613 Interest income – other assets at amortized cost 66,202 37,833 56,817 Interest income and gains (losses) on financial instruments at fair value 312,776 88,658 57,832 Financial assets at fair value 309,196 84,819 60,151 Other 3,580 3,839 (2,319) Total interest income and gains (losses) on financial instruments 1,046,746 382,922 337,851
Fee and commission income	b) Fee and commission income 2021 2020 2019 Interchange fees 471,505 254,327 203,871 Recharge fees 48,378 15,287 358 Rewards revenue 26,857 23,524 21,071 Late fees 49,951 31,237 27,889 Other fee and commission income 65,766 29,836 21,069 Customer Program ("NuSócios") (note 1(a)) (11,180) - - Total fee and commission income 651,277 354,211 274,258
Interest and other financial expenses	c) Interest and other financial expenses 2021 2020 2019 Interest expense on deposits 317,420 87,325 81,049 Other interest and similar expenses 49,924 26,599 28,648 Interest and other financial expenses 367,344 113,924 109,697
Transactional expenses	d) Transactional expenses 2021 2020 2019 Bank slip costs 36,149 46,480 31,536 Rewards expenses 36,885 29,624 21,533 Credit and debit card network costs 22,705 24,986 14,703 Other transactional expenses 21,380 25,725 11,544 Total transactional expenses 117,119 126,815 79,316

Credit loss allowance expenses

Credit loss allowance expenses (Tables)	12 Months Ended
Credit loss allowance expenses (Tables)	Dec. 31, 2021
Schedule of credit loss allowance expenses	Schedule of credit loss allowance expenses 2021 2020 2019 Additions 459,759 312,446 324,326 Reversals (148,158) (151,676) (135,344) Net increase of loss allowance (note 13) 311,601 160,770 188,982 Recovery (22,494) (18,202) (18,789) Credit card receivables 289,107 142,568 170,193 Additions 246,044 41,105 4,985 Reversals (53,966) (14,085) - Net increase of loss allowance (note 14) 192,078 27,020 4,985 Recovery (542) (103) - Loans to customers 191,536 26,917 4,985 Total 480,643 169,485 175,178

Operating expenses (Tables)

Operating expenses (Tables)	12 Months Ended
Operating expenses (Tables)	Dec. 31, 2021
Schedule of operating expenses	Schedule of operating expenses 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 10) - 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 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 10) - 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 571 21,017 - 9,535 31,123 Total 123,950 266,024 19,426 9,535 418,935 2019 Customer support and operations General and administrative expenses Marketing expenses Other income (expenses) Total Infrastructure and data processing costs 56,502 22,460 - - 78,962 Credit analysis and collection costs 11,498 12,364 - - 23,862 Customer services 21,027 4,171 - - 25,198 Salaries and associated benefits 12,395 59,829 2,700 - 74,924 Credit and debit card issuance costs 10,350 35,905 - - 46,255 Share-based compensation - 18,511 - - 18,511 Specialized services expenses - 17,311 - - 17,311 Other personnel costs 2,257 11,066 177 - 13,500 Depreciation and amortization - 5,073 - - 5,073 Marketing expenses - - 38,940 - 38,940 Others 1,538 13,229 - 19,914 34,681 Total 115,567 199,919 41,817 19,914 377,217

Earnings (loss) per share (Tabl

Earnings (loss) per share (Tables)	12 Months Ended
Earnings (loss) per share (Tables)	Dec. 31, 2021
Schedule of earnings per share	The following table reflects the net loss and share data used in the basic and diluted earnings per share (“EPS”) calculations: Schedule of earnings per share 2021 2020 2019 Loss attributable to shareholders of the parent company (164,993) (171,491) (92,531) Total weighted average of ordinary outstanding shares – basic and diluted (in thousands of shares) 1,602,126 1,315,578 1,137,931 Loss per share – basic and diluted (US$) (0.1030) (0.1304) (0.0813) Antidilutive instruments not considered in the weighted number of shares (in thousands of shares) 334,436 405,394 306,210

Share-based payments (Tables)

Share-based payments (Tables)	12 Months Ended
Share-based payments (Tables)	Dec. 31, 2021
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 2021 WAEP (US$) 2020 WAEP (US$) 2019 WAEP (US$) Outstanding on January 1 42,515,821 1.58 51,034,938 0.91 2,728,085 9.19 Granted during the year 1,141,362 23.75 3,376,767 9.92 354,354 72.68 Exercised during the year (18,822,551) 0.38 (6,804,750) 0.24 (999,466) 3.09 Forfeited during the year (853,059) (5,091,134) (41,575) Balances before 6-for-1 forward share split 23,981,573 3.01 42,515,821 1.58 2,041,398 Issuance due to 25-for-1 forward share split 48,993,540 23 Issuance of options due to 6-for-1 forward split (note 27) 119,907,866 Outstanding on December 31 143,889,439 0.50 42,515,821 1.58 51,034,938 0.91 Exercisable on December 31 101,416,310 0.20 30,190,826 0.56 29,883,161 0.39 RSUs 2021 WAGDFV (US$) 2020 WAGDFV (US$) Outstanding on January 1 5,294,454 10.47 - Granted during the year 13,103,243 36.65 6,048,335 10.45 Vested during the year (3,092,289) 15.06 (430,680) 10.46 Forfeited during the year (1,817,919) (323,201) Balances before 6-for-1 forward share split 13,487,489 28.91 5,294,454 10.47 Issuance of RSUs due to 6-for-1 forward split (note 27) 67,437,448 Outstanding on December 31 80,924,937 4.82 5,294,454 10.47
The following table presents the following table presents the total amount of share-based compensation granted as of December 31,2021 and 2020 and the related expenses and provision for taxes as of December 31, 2021, 2020 and 2019.	The following table presents the following table presents the total amount of share-based compensation granted as of December 31,2021 and 2020 and the related expenses and provision for taxes as of December 31, 2021, 2020 and 2019. 2021 2020 2019 US$ US$ US$ Share-based payments granted, net of shares withheld for employee taxes 139,025 40,861 18,511 Share-based compensation expenses 225,445 56,273 4,968 Liability provision for taxes presented as salaries, allowances and social security contributions 61,772 10,334 4,968
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: 2021 2020 2019 Weighted average fair value of options granted during the year (US$)* 2.58 7.45 68.90 Weighted average share fair value of options granted during the year (US$)* 3.97 10.53 99.90 Exercised price of options granted during the year (US$)* 3.98 6.70 10.4 20.5 166.5 Expected volatility of options issued during the year (%) 72.5 75.0 69.5 77.9 64.3 77.9 Risk–free interest rate p.y. (%) 0.5 1.3 1.7 1.2 1.2 Weighted average share price of options exercised during the year (US$)* 3.98 10,6 234.5 Range of exercise prices remaining at year end (US$) Zero to US$ 3.0 95.0 90.8 26.7 US$ 3.1 to US$ 6.0 5.0 - - US$ 6.1 to US$ 10.0 - 2.3 10.8 US$ 10.1 to US$ 50.0 - 6.9 45.6 US$ 50.1 to US$ 100.0 - - 15.4 US$ 100.1 and above - - 1.5 Total cash to be received upon exercise of SOPs outstanding at year end Vested 20,779 16,761 11,690 Unvested 51,367 50,375 34,873 Weighted remaining contractual life (in years) 5.7 6.0 6.9 (*) 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: 2021 2020 Most relevant vesting periods for the grants outstanding 3 years 49.7 57.3 5 years 44.5 35.0 Volatility (%) 68.0 75.0 62.4 74.2 Discount for the lack of marketability (%) 17.0 19.0 21.4 23.0 Risk free interest rate (%) 0.06 0.11 0.41 Awards vesting period Up to 7.4 years Up to 4.5 years

Cash and cash equivalents (Tabl

Cash and cash equivalents (Tables)	12 Months Ended
Cash and cash equivalents (Tables)	Dec. 31, 2021
Schedule of cash and cash equivalents	Schedule of cash and cash equivalents 2021 2020 Reverse repurchase agreement in foreign currency 1,115,805 1,783,988 Short-term investments 1,412,901 407,520 Bank balances 174,142 142,934 Other cash and cash equivalents 2,827 9,338 Total 2,705,675 2,343,780

Securities (Tables)

Securities (Tables)	12 Months Ended
Securities (Tables)	Dec. 31, 2021
Disclosure Securities Abstract
Financial instruments at FVTPL	a) Financial instruments at FVTPL 2021 2020 Breakdown by maturity Financial instruments at FVTPL Yield Maturity Cost Fair Value No maturity Up to 12 months Over 12 months Fair Value Government bonds Brazil (i) ~ 106.3% of CDI rate 01/22 - 09/27 571,467 571,753 - 17,132 554,621 4,137,224 Total government bonds 571,467 571,753 - 17,132 554,621 4,137,224 Corporate bonds and other instruments Bill of credit (LC) 118% - 139% CDI 01/22 14 14 - 14 - 23 Certificate of bank deposits (CDB) 4.6% - 13.0% p.a. 105% - 140% CDI IPCA+ 0.8% - 7.5% 01/22 - 10/30 81,796 81,810 76,688 5,122 - - Real estate and agribusiness letter of credit (CRIs/CRAs) 98.5% - 99% CDI IPCA+ 4.6197% - 5.50% 04/26 - 09/35 1,520 1,508 - 1,508 - - Corporate bonds and debentures 0.66% - 5.27% p.y. 01/23 - 01/36 120,340 120,859 - 956 119,903 - Equity instrument (iii) n/a n/a 11,211 30,735 30,735 - - - Investment funds (ii) ~ 86.1% of CDI rate n/a 12,059 9,125 9,125 - - 150,030 Stocks issued by public-held company n/a n/a 158 158 158 - - - Total corporate bonds and other instruments 227,098 244,209 116,706 7,600 119,903 150,053 Total financial instruments at FVTPL 798,565 815,962 116,706 24,732 674,524 4,287,277 2021 2020 Amounts in Amounts in Financial instruments at FVTPL Original Currency US$ Original Currency US$ Currency: Brazilian reais 3,718,139 666,835 22,287,409 4,287,277 American dollars 118,392 118,392 - - Indian rupee 2,364,231 30,735 - - Total 815,962 4,287,277
Financial instruments at FVTOCI	b) Financial instruments at FVTOCI 2021 Maturities Financial instruments at FVTOCI Yield Maturity Cost Fair Value No maturity Up to 12 months Over 12 months Government bonds Brazil (i) ~ 106.3% of CDI rate 01/22 - 09/27 6,071,826 6,074,435 - 2,070,674 4,003,761 United States 0.02% - 1.05% fixed 02/22 - 04/25 829,969 830,124 - 830,124 - Colombia 2.42% fixed 02/24 504 504 - 504 - Total government bonds 6,902,299 6,905,063 - 2,901,302 4,003,761 Corporate bonds and other instruments Debentures IPCA + 4,9173% 03/36 939 924 - - 924 Investment funds CDI+ 3.95% - CDI+ 5.20% n/a 137,759 137,759 137,759 - - Time deposit 0.30% - 0.80% p.y 2/22 - 10/22 1,119,706 1,119,682 - 1,119,682 - Total corporate bonds and other instruments 1,258,404 1,258,365 137,759 1,119,682 924 Total financial instruments at FVTOCI 8,160,703 8,163,428 137,759 4,020,984 4,004,685 2021 Amounts in Financial instruments at FVTOCI Original Currency US$ Currency: Brazilian reais 34,643,103 6,213,118 American dollars 1,950,310 1,950,310 Total 8,163,428 (i) Includes US$2,082,519 held by certain subsidiaries for regulatory purposes, as required by the Brazilian Central Bank. Government bonds are classified as Level 1 in the fair value hierarchy, as described in note 25.

Credit card receivables (Tables

Credit card receivables (Tables)	12 Months Ended
Credit card receivables (Tables)	Dec. 31, 2021
Composition of receivables	a) Composition of receivables 2021 2020 Receivables - current (i) 2,341,492 1,475,417 Receivables - installments (i) 2,483,647 1,443,793 Receivables - revolving (ii) 337,014 199,662 Total receivables 5,162,153 3,118,872 Credit card ECL allowance Presented as deduction of receivables (381,633) (209,965) Presented as "Other liabilities" (9,046) (7,577) Total credit card ECL allowance (390,679) (217,542) Receivables, net 4,771,474 2,901,330 Total receivables presented as assets 4,780,520 2,908,907 (i) Current receivables are related to purchases made by customers due on the next credit card billing date. “Receivables – installments” is related to purchases in installments (“parcelado” in Brazil) which are financed by the merchant. With this product, the cardholder's purchase is paid in up to 12 equal monthly installments. The cardholder’s credit limit is initially reduced by the total amount and the installments become due and payable on the cardholder’s subsequent monthly credit card statements. The Group makes the corresponding payments to the credit card network (see note 19) 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) Revolving receivables are amounts due from customers that have not paid in full their credit card bill. Customers may request to convert these receivables in 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” - a type of installment loan which is settled through the customer’s monthly credit card bills .
Breakdown by maturity	b) Breakdown by maturity 2021 2020 Amount % Amount % Installments overdue by: <= 30 days 77,527 1.5 29,512 0.9 30 < 60 days 34,476 0.7 9,109 0.3 60 < 90 days 26,747 0.5 9,369 0.3 > 90 days 138,380 2.7 98,573 3.2 Total overdue installments 277,130 5.4 146,563 4.7 Installments not overdue due in: <= 30 days 2,401,149 46.5 1,418,770 45.5 30 < 60 days 904,864 17.5 587,550 18.8 > 60 days 1,579,010 30.6 965,989 31.0 Total not overdue installments 4,885,023 94.6 2,972,309 95.3 Total 5,162,153 100.0 3,118,872 100.0
Distribution within the stages as of December 31, 2021, showed a lower concentration in stage 1 portfolio, increasing the concentration in the riskier stages when compared to December 31, 2020, indicating the portfolio risk is returning to pre-COVID-19 levels (see item (f) about COVID-19 impacts) with the majority of the Group's credit card portfolio being classified as stage 1, followed by stages 2 and 3, respectively.	Distribution within the stages as of December 31, 2021, showed a lower concentration in stage 1 portfolio, increasing the concentration in the riskier stages when compared to December 31, 2020, indicating the portfolio risk is returning to pre-COVID-19 levels (see item (f) about COVID-19 impacts) with the majority of the Group's credit card portfolio being classified as stage 1, followed by stages 2 and 3, respectively. 2021 Gross Exposures % 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 2020 Gross Exposures % Loss Allowance % Coverage Ratio (%) Stage 1 2,799,999 89.8 79,296 36.5 2.8 Stage 2 202,673 6.5 60,391 27.8 29.8 Absolute Trigger (Days Late) 50,375 24.9 22,172 36.7 44.0 Relative Trigger (PD deterioration) 152,298 75.1 38,219 63.3 25.1 Stage 3 116,200 3.7 77,855 35.7 67.0 Total 3,118,872 100.0 217,542 100.0 7.0
Schedule of Credit loss allowance by credit quality	Schedule of Credit loss allowance by credit quality 2021 Gross Exposures % 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 2020 Gross Exposures % Loss Allowance % Coverage Ratio (%) Strong (PD < 5%) 2,524,909 81.0 40,629 18.7 1.6 Stage 1 2,523,792 100.0 40,540 99.8 1.6 Stage 2 1,117 0.0 89 0.2 8.0 Satisfactory (5% <= PD <= 20%) 320,492 10.3 39,089 18.0 12.2 Stage 1 244,979 76.4 28,645 73.3 11.7 Stage 2 75,513 23.6 10,444 26.7 13.8 Higher Risk (PD > 20%) 273,471 8.7 137,824 63.3 50.4 Stage 1 31,228 11.4 10,111 7.3 32.4 Stage 2 126,043 46.1 49,858 36.2 39.6 Stage 3 116,200 42.5 77,855 56.5 67.0 Total 3,118,872 100.0 217,542 100.0 7.0
Schedule of credit quality classificatio gross	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 classificatio 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 credity allownace 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 credity allownace changes 2021 Stage 1 Stage 2 Stage 3 Total 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 54,096 92,658 164,847 311,601 New originations (a) 94,367 9,547 3,979 107,893 Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes (41,486) 81,867 160,549 200,930 Changes to models used in calculation (b) 1,215 1,244 319 2,778 Effect of changes in exchange rates (OCI) (6,488) (6,225) (7,233) (19,946) Loss allowance at end of the year 127,358 126,392 136,929 390,679 2020 Stage 1 Stage 2 Stage 3 Total 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 6,154 36,643 117,973 160,770 New originations (a) 27,727 2,421 1,376 31,524 Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes (9,593) 33,474 104,248 128,129 Changes to models used in calculation (b) (11,980) 748 12,349 1,117 Effect of changes in exchange rates (OCI) (15,334) (16,938) (17,997) (50,269) Loss allowance at end of the year 79,296 60,391 77,855 217,542 2019 Stage 1 Stage 2 Stage 3 Total Loss allowance at beginning of year 46,688 48,592 50,747 146,027 Transfers from Stage 1 to Stage 2 (6,217) 6,217 - - Transfers from Stage 2 to Stage 1 15,397 (15,397) - - Transfers to Stage 3 (4,197) (12,328) 16,525 - Transfers from Stage 3 181 174 (355) - Write-offs - - (103,680) (103,680) Net increase of loss allowance 18,902 50,780 119,300 188,982 New originations (a) 53,416 9,610 1,785 64,811 Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes (31,114) 43,854 115,966 128,706 Changes to models used in calculation (b) (3,400) (2,684) 1,549 (4,535) Effect of changes in exchange rates (OCI) (2,317) (2,507) (2,608) (7,432) Loss allowance at end of the year 68,437 75,531 79,929 223,897 (a) Considers all accounts originated from the beginning to the end of the year. ECL effects presented in the table were calculated as if risk parameters at the beginning of the year were applied. (b) Relates to methodology changes that occurred during the year, reflecting observed risks extending over a 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 help explain their effects to 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.	The following tables present changes in the gross carrying amount of the credit card portfolio to help explain their effects to 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. 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 Gross carrying amount 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) Gross carrying amount at end of the year 2,799,999 202,673 116,200 3,118,872 2019 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year 1,452,751 229,401 87,702 1,769,854 Transfers from Stage 1 to Stage 2 (131,443) 131,443 - - Transfers from Stage 2 to Stage 1 87,250 (87,250) - - Transfers to Stage 3 (47,879) (45,940) 93,819 - Transfers from Stage 3 311 299 (610) - Write-offs - - (103,680) (103,680) Net change of gross carrying amount 1,203,286 174,355 63,291 1,440,932 Effect of changes in exchange rates (OCI) (79,720) (12,574) (4,391) (96,685) Gross carrying amount at end of the year 2,484,556 389,734 136,131 3,010,421

Loans to customers (Tables)

Loans to customers (Tables)	12 Months Ended
Loans to customers (Tables)	Dec. 31, 2021
Loans To Customers
Breakdown of receivables	a) Breakdown of receivables 2021 2020 Lending to individuals 1,392,350 200,904 Loan ECL allowance (197,536) (26,210) Total 1,194,814 174,694
Breakdown by maturity	b) Breakdown by maturity The following table shows loans to customers by maturity on December 31, 2021, and 2020, considering each installment individually. 2021 Installments overdue Installments not overdue % <60 days >60 days Total % Due in less than 1 year % Due between 1 and 5 years % Total Installment loans to individuals 22,371 25,168 47,539 3 1,155,760 84 189,051 13 1,392,350 100 Total 22,371 25,168 47,539 3 1,155,760 84% 189,051 13 1,392,350 100 Of which: 22,371 25,168 47,539 3 1,155,760 84 189,051 13 1,392,350 100 Fixed interest rate 22,371 25,168 47,539 3 1,155,760 84% 189,051 13 1,392,350 100 2020 Installments overdue Installments not overdue % <60 days >60 days Total % Due in less than 1 year % Due between 1 and 5 years % Total Installment loans to individuals 2,370 4,999 7,369 3 170,077 85 23,458 12 200,904 100 Total 2,370 4,999 7,369 3 170,077 85% 23,458 12 200,904 100 Of which: 2,370 4,999 7,369 3% 170,077 85 23,458 12 200,904 100 Fixed interest rate 2,370 4,999 7,369 3 170,077 85% 23,458 12 200,904 100
The tables below show the credit loss allowance by stages as of December 31, 2021, and 2020.	The tables below show the credit loss allowance by stages as of December 31, 2021, and 2020. 2021 Gross Exposures % 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 2020 Gross Exposures % Loss Allowance % Coverage Ratio Stage 1 168,744 84.0 10,532 40.2 6.2 Stage 2 22,634 11.3 7,136 27.2 31.5 Absolute Trigger (Days Late) 3,819 16.9 2,873 40.3 75.2 Relative Trigger (PD deterioration) 18,815 83.1 4,263 59.7 22.7 Stage 3 9,526 4.7 8,542 32.6 89.7 Total 200,904 100.0 26,210 100.0 13.0
d) Credit loss allowance - by credit quality vs stages	d) Credit loss allowance - by credit quality vs stages 2021 Gross Exposures % 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 2020 Gross Exposures % Loss Allowance % Coverage Ratio Strong (PD < 5%) 66,754 33.2 947 3.6 1.4 Stage 1 66,607 99.8 939 99.2 1.4 Stage 2 147 0.2 8 0.8 5.4 Satisfactory (5% <= PD <= 20%) 99,909 49.7 8,416 32.1 8.4 Stage 1 97,421 97.5 8,175 97.1 8.4 Stage 2 2,488 2.5 241 2.9 9.7 Higher Risk (PD > 20%) 34,241 17.1 16,847 64.3 49.2 Stage 1 4,716 13.8 1,418 8.4 30.1 Stage 2 19,998 58.4 6,888 40.9 34.4 Stage 3 9,527 27.8 8,541 50.7 89.7 Total 200,904 100.0 26,210 100.0 13.0
Schedule of Credit Quality Classification	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
Schedule of credit allowance	Schedule of credit allowance 2021 Stage 1 Stage 2 Stage 3 Total 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 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) Loss allowance at end of the year 68,926 72,935 55,675 197,536 2020 Stage 1 Stage 2 Stage 3 Total 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 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) Loss allowance at end of the year 10,532 7,136 8,542 26,210 2019 Stage 1 Stage 2 Stage 3 Total Loss allowance at beginning of year - - - - Net increase of loss allowance 1,299 2,070 1,616 4,985 New originations (a) 1,299 2,070 1,616 4,985 Effect of changes in exchange rates (OCI) 1 2 2 5 Loss allowance at end of the year 1,300 2,072 1,618 4,990 (a) Considers all accounts originated from the beginning to the end of the year. ECL effects presented in the table were calculated as if risk parameters at the beginning of the year were applied. (b) Relates to methodology changes that occurred during the year, reflecting observed risks extending over a period, according to the Group’s processes of model monitoring.
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 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 2019 Stage 1 Stage 2 Stage 3 Total Gross carrying amount at beginning of year - - - - Net increase of gross carrying amount 45,486 16,692 2,213 64,391 Effect of changes in exchange rates (OCI) (973) (357) (47) (1,377) Gross carrying amount at end of the year 44,513 16,335 2,166 63,014

Other assets (Tables)

Other assets (Tables)	12 Months Ended
Other assets (Tables)	Dec. 31, 2021
Schedule of Other Assets	Schedule of Other Assets 2021 2020 Deferred expenses (i) 76,183 24,953 Taxes recoverable 71,865 31,702 Advances to suppliers and employees 23,958 10,192 Prepaid expenses 15,958 8,301 Judicial deposits (note 21) 17,480 16,440 Other assets 77,820 31,907 Total 283,264 123,495 (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
Derivative financial instruments (Tables)	Dec. 31, 2021
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 forecast transactions related to the cloud infrastructure and certain software licenses used by Nu	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 forecast transactions related to the cloud infrastructure and certain software licenses used by Nu 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) Forward contracts 83,155 81,528 (82,775) Warrants (i) 65,000 19,756 - Derivatives held for hedging Designated as cash flow hedges Exchange rate contracts - Future 77,115 - (135) Interest rate contracts - Swap 9,523 24 (7) Total 4,022,577 101,318 (87,278) 2020 Fair values Notional amount Assets Liabilities Derivatives classified as fair value through profit or loss Interest rate contracts - Future 2,964,368 5 (2,421) Currency exchange rate contracts - Future 65,961 27 (217) Interest rate contracts - Swap 10,214 48 - Derivatives held for hedging Designated as cash flow hedges Exchange rate contracts - Future 44,140 - (145) Embedded derivatives in convertible instruments - - (72,521) Total 3,084,683 80 (75,304)
The table below shows the breakdown by maturity of the notional amounts:	The table below shows the breakdown by maturity of the notional amounts: 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 2020 Up to 3 months 3 to 12 months Over 12 months Total Assets Interest rate contracts - Future 368,048 143,381 3,488 514,917 Exchange rate contracts - Future 110,101 - - 110,101 Total assets 478,149 143,381 3,488 625,018 Liabilities Interest rate contracts - Future 39,393 242,931 2,167,127 2,449,451 Exchange rate contracts - Future - - 10,214 10,214 Total liabilities 39,393 242,931 2,177,341 2,459,665 Total 517,542 386,312 2,180,829 3,084,683
The table below shows the breakdown by maturity of the fair value amounts:	The table below shows the breakdown by maturity of the fair value amounts: 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 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 (5,324) 19,364 14,040 2020 Up to 12 months Over 12 months Total Assets Interest rate contracts - Future 1 4 5 Exchange rate contracts - Future 27 - 27 Interest rate contracts - Swap 48 - 48 Liabilities Interest rate contracts - Future (54) (2,367) (2,421) Exchange rate contracts - Future (362) - (362) Total (340) (2,363) (2,703)
Schedule Of Forecast And Actual Payment Of Expenses	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 2021 2020 2019 Balance at beginning of the year 49 1 - Fair value change recognized in OCI during the year 2,705 8,302 1,491 Total amount reclassified from cash flow hedge reserve to income statement during the year (242) (8,223) (1,489) to "Customer support and operation" (91) (5,480) (943) to "General and administrative expenses" (136) (4,925) (597) Effect of changes in exchange rates (OCI) (15) 2,182 51 Deferred income taxes (1,025) (31) (1) Balance at end of the year 1,487 49 1
Schedule Of Material Future Transactions	The material future transactions that are the object of the hedge are: Schedule Of Material Future Transactions 2021 2020 Up to 3 months 3 to 12 months Total Total Expected foreign currency transactions 24,564 53,837 78,401 46,399 Total 24,564 53,837 78,401 46,399

Instruments eligible as capit_2

Instruments eligible as capital (Tables)	12 Months Ended
Instruments eligible as capital (Tables)	Dec. 31, 2021
Instruments Eligible As Capital
Schedule of financial liability at fair value	Schedule of financial liability at fair value 2021 2020 Financial liabilities at fair value through profit or loss Instruments eligible as capital 12,056 15,492 Total 12,056 15,492
Schedule of fair value changes and interest	Schedule of fair value changes and interest 2021 2020 2019 Balance at beginning of the year 15,492 22,084 - New issuances - - 18,824 Interest accrued 2,137 1,689 1,306 Fair value changes (5,717) (3,673) 2,185 Own credit transferred to OCI 1,051 219 249 Effect of changes in exchange rates (OCI) (907) (4,827) (480) Balance at end of the year 12,056 15,492 22,084

Financial liabilities at amor_4

Financial liabilities at amortized cost – deposits (Tables)	12 Months Ended
Financial liabilities at amortized cost – deposits (Tables)	Dec. 31, 2021
Financial Liabilities At Amortized Cost Deposits
Schedule of deposits	Schedule of deposits 2021 2020 Deposits by customers (i) Bank receipt of deposits (RDB) 7,728,108 4,445,705 Deposits in electronic money 1,887,945 1,029,284 Bank receipt of deposits (RDB-V) 31,557 90,360 Time deposit (ii) 19,181 19,513 Other deposits 509 - Total 9,667,300 5,584,862
Schedule of deposits	Breakdown by maturity Schedule of deposits 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 2020 Up to 12 months Over 12 months Total Deposits by customers Deposits in electronic money 1,029,284 - 1,029,284 Bank receipt of deposits (RDB) 4,415,892 29,813 4,445,705 Bank receipt of deposits (RDB-V) 90,360 - 90,360 Time deposit - 19,513 19,513 Total 5,535,536 49,326 5,584,862

Financial liabilities at amor_5

Financial liabilities at amortized cost – payables to credit card network (Tables)	12 Months Ended
	Dec. 31, 2021
Financial Liabilities At Amortized Cost Payables To Credit Card Network
Schedule of credit card payment	Schedule of credit card payment 2021 2020 Payables to credit card network (i) 4,882,159 3,329,879 Payables to clearing houses - 1,379 Total 4,882,159 3,331,258 (i) Corresponds to the amount payable to the Mastercard brand 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”) have monthly settlements over a period of up to 12 months. For Mexican and Colombian operations, the amounts are settled in 1 business day. The segregation of the settlement is shown in the table below:
Schedule of payable to credit card network	Schedule of payable to credit card network Payables to credit card network 2021 2020 Up to 30 days 2,518,437 1,703,826 30 to 90 days 1,205,765 885,367 More than 90 days 1,157,957 740,686 Total 4,882,159 3,329,879

Financial liabilities at amor_6

Financial liabilities at amortized cost – borrowing, financing and securitized borrowings (Tables)	12 Months Ended
	Dec. 31, 2021
Financial Liabilities At Amortized Cost Borrowing Financing And Securitized Borrowings
Financial liabilities at amortized cost	Financial liabilities at amortized cost 2021 2020 Borrowings sand financing 147,243 97,454 Securitized borrowings 10,011 79,742 Total 157,254 177,196
Borrowings and financings maturities are as follows:	Borrowings and financings maturities are as follows: 2021 Up to 3 months 3 to 12 months Over 12 months Total Borrowings and financings Bills of exchange (ii) 7,728 2,672 - 10,400 Term loan credit facility (iii) 3,064 10,113 123,666 136,843 Total borrowings and financings 10,792 12,785 123,666 147,243 2020 Up to 3 months 3 to 12 months Over 12 months Total Borrowings and financings Financial letter (i) - 60,126 - 60,126 Bills of exchange (ii) 5,620 1,588 10,476 17,684 Term loan credit facility (iii) - 254 19,390 19,644 Total borrowings and financings 5,620 61,968 29,866 97,454 (i) In June 2019, the Group issued a floating interest rate note in R$ in the amount equivalent to US$76,000 on the issuance date. The note was fully paid in June 2021. (ii) Corresponds to fixed and floating rate bills of exchange in the amount equivalent to US$12,941 on the issuance date, with maturity dates between January and July 2022 and interest on floating rates as of December 31, 2021, between 115% and 118% (113% and 119% as of December 31, 2020) of the Brazilian CDI and between 8.35% and 9.09% for the fixed rate bills as of December 31, 2021, and 2020. (iii) Corresponds to three term loan credit facilities obtained by subsidiary Nu Servicios, in Mexican pesos, from:
Changes to borrowings and financings are as follows:	Changes to borrowings and financings are as follows: 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 2019 Financial letter Bank credit bill Bills of exchange Total Balance at beginning of the year - 50,386 313 50,699 New borrowings 76,061 63,384 21,132 160,577 Payments – principal - (78,185) - (78,185) Payments – interest - (2,654) - (2,654) Interest accrued 2,684 2,886 1,201 6,771 Effect of changes in exchange rates (OCI) (1,684) (1,634) (489) (3,807) Balance at end of the year 77,061 34,183 22,157 133,401
Securitized borrowings maturities are as follows:	Securitized borrowings maturities are as follows: 2021 Until 3 months Total Securitized borrowings 3rd series 10,011 10,011 Total securitized borrowings 10,011 10,011 2020 Until 3 months 3-12 months Over 12 months Total Securitized borrowings 2nd series 1,214 3,623 - 4,837 3rd series 16,128 48,091 10,686 74,905 Total securitized borrowings 17,342 51,714 10,686 79,742
Changes to securitized borrowings are as follows:	Changes to securitized borrowings are as follows: 2021 2020 2019 Balance at beginning of the year 79,742 169,925 64,715 New borrowings - - 126,768 Interest accrued 1,904 4,633 11,846 Payments – principal (66,403) (52,172) (16,835) Payments – interest (1,976) (4,819) (11,717) Effect of changes in exchange rates (OCI) (3,256) (37,825) (4,852) Balance at end of the year 10,011 79,742 169,925

Provision for lawsuits and ad_2

Provision for lawsuits and administrative proceedings (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of Provision for judicial and administrative proceedings	Schedule of Provision for judicial and administrative proceedings 2021 2020 Tax risks 17,081 15,995 Civil risks 980 470 Labor risks 21 4 Total 18,082 16,469
Changes to provision for lawsuits and administrative proceedings are as follows:	Changes to provision for lawsuits and administrative proceedings are as follows: 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 2019 Tax Civil Labor Balance at beginning of the year 14,067 209 - Additions 7,263 743 21 Payments / Reversals - (641) - Effect of changes in exchange rates (OCI) (699) (11) - Balance at end of the year 20,631 300 21

Deferred income (Tables)

Deferred income (Tables)	12 Months Ended
Deferred income (Tables)	Dec. 31, 2021
Deferred Income
Schedule of deferred income	Schedule of deferred income 2021 2020 Deferred revenue from points 25,462 19,256 Deferred annual fee 4,673 5,773 Other deferred income 522 936 Total 30,657 25,965

Senior preferred shares (Tables

Senior preferred shares (Tables)	12 Months Ended
Senior preferred shares (Tables)	Dec. 31, 2021
Senior Preferred Shares
The fair value of the convertible embedded derivative was measured using methodology consistent with the share price valuation described on share-based payments (note 10).	The fair value of the convertible embedded derivative was measured using methodology consistent with the share price valuation described on share-based payments (note 10). 2021 2020 Balance at beginning of the year 400,915 - New issuances - 300,000 Deferred expenses - (236) Interest accrued 22,108 28,630 Changes in the fair value of the embedded derivative conversion feature (22,108) 72,521 Expenses with convertible instruments - 101,151 Conversion of senior preferred shares and embedded derivative into equity (400,915) - Balance at end of the year - 400,915 Host debt instrument at amortized cost - 328,394 Embedded derivative at fair value - 72,521

Related parties (Tables)

Related parties (Tables)	12 Months Ended
Related parties (Tables)	Dec. 31, 2021
Schedule of transactions with other related parties	Schedule of transactions with other related parties 2021 Assets/ (Liabilities) Revenues (expenses) Others 299 (1,685)
There are no 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.	There are no 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. 2021 2020 2019 Consolidated statements of income or loss Fixed and variable compensation 34,252 9,029 10,464

Fair value measurement (Tables)

Fair value measurement (Tables)	12 Months Ended
Fair value measurement (Tables)	Dec. 31, 2021
Schedule of fair value at amortized cost	The following tables show the fair value of the financial instruments carried at amortized cost on December 31, 2021, and 2020. Schedule of fair value at amortized cost 2021 Book value Fair value - Level 2 Fair value - Level 3 Assets Compulsory deposits at central banks 938,659 938,659 - Credit card receivables 4,780,520 - 4,161,785 Loans to customers 1,194,814 - 1,324,513 Other financial assets at amortized cost 18,493 18,493 - Total 6,932,486 957,152 5,486,298 Liabilities Deposits in electronic money 1,888,454 1,689,569 - RDB and RDB-V 7,759,665 7,759,665 - Time deposit 19,181 19,181 - Payables to credit card network 4,882,159 4,755,304 - Borrowings and financing 147,243 147,140 - Securitized borrowings 10,011 10,011 - Total 14,706,713 14,380,870 - 2020 Book value Fair value - Level 2 Fair value - Level 3 Assets Compulsory deposits at central banks 43,542 43,542 - Credit card receivables 2,908,907 - 2,720,518 Loans to customers 174,694 - 242,305 Interbank transactions - - - Other financial assets at amortized cost 22,870 22,870 - Total 3,150,013 66,412 2,962,823 Liabilities Deposits in electronic money 1,029,284 1,029,356 - RDB and RDB-V 4,536,065 4,536,065 - Time deposit 19,513 19,513 - Payables to credit card network 3,331,258 3,313,608 - Borrowings and financing 97,454 96,877 - Securitized borrowings 79,742 79,726 - Total 9,093,316 9,075,145 -
Schedule of fair value measurement	The following table shows a summary of the fair values, as of December 31, 2021, and 2020, 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 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 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 2020 Published price quotations in active markets (Level 1) Internal Models (Level 2) Internal Models (Level 3) Total Assets Government bonds Brazil 4,137,223 1 - 4,137,224 Mexico - - - - Corporate bonds and other instruments Investment funds - 150,030 - 150,030 Bill of credit (LC) - 23 - 23 Derivative financial instruments 32 48 - 80 Collateral for credit card operations - 90,761 - 90,761 Liabilities Embedded derivatives in convertible instruments and other derivatives 2,783 - 72,521 75,304 Instruments eligible as capital - 15,492 - 15,492

Income tax (Tables)

Income tax (Tables)	12 Months Ended
Income tax (Tables)	Dec. 31, 2021
Income Tax
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 March 2021, the Social Contribution tax rate in Brazil increased 5 percentage points, thus the combined income tax rate increased from 40	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 March 2021, the Social Contribution tax rate in Brazil increased 5 percentage points, thus the combined income tax rate increased from 40 45 45 40 2021 2020 2019 Net loss before income tax (170,164) (193,178) (129,299) Tax rate (i) 45 40 40 Income tax 76,574 77,271 51,720 Permanent additions/exclusions Share-based payments (41,418) (8,639) (5,509) Customers gifts (250) (375) (1,685) Operational losses and others (6,385) (4,741) (2,343) Changes in income tax rate (11,127) - (2,546) Other expenses from Nu Holdings not subject to taxation (8,103) (8,049) - Effect of different tax rates - subsidiaries (4,541) (3,781) - Results with convertible instruments - (29,008) - Other non-deductible expenses (2,250) (1,022) (2,869) Income tax for the year 2,500 21,656 36,768 Current tax expense (219,824) (22,338) (3,572) Deferred tax benefit 224,654 44,025 40,341 Income tax in the statement of profit or loss 4,830 21,687 36,769 Deferred tax recognized in OCI (2,330) (31) (1) Income tax for the year 2,500 21,656 36,768 Effective tax rate -2.8 -11.2 -28.4 (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”.
Schedule of deferred income taxes	The following tables present significant components of the Group’s deferred tax assets and liabilities as of December 31, 2021, 2020 and 2019, 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 12/31/2020 Business combination Constitution Realization Foreign exchange 12/31/2021 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 provisions 33,323 585 44,456 (17,752) (3,525) 57,087 Fair value changes - financial instruments 8,659 - 141 6,206 250 15,256 Total deferred tax assets on temporary differences 116,535 626 242,517 (64,276) (12,635) 282,767 Tax loss and negative basis of social contribution 8,596 4,201 68,049 (110) (2,751) 77,985 Deferred tax assets 125,131 4,827 310,566 (64,386) (15,386) 360,752 Futures settlement market - - (10,736) (7,851) (263) (18,850) Fair value changes - financial instruments (8,741) - 141 6,206 250 (2,144) Others - - (8,473) (813) 946 (8,340) Deferred tax liabilities (8,741) - (19,068) (2,458) 933 (29,334) Deferred tax assets net of deferred tax liabilities 116,390 4,827 291,498 (66,844) (14,453) 331,418 12/31/2020 Constitution 12/31/2021 Reflected in equity, in other comprehensive income Fair value changes - cash flow hedge (32) (1,025) (1,057) Fair value instruments at FVTOCI - (1,305) (1,305) Total (32) (2,330) (2,362) Reflected in the statement of profit or loss 12/31/2019 Constitution Realization Foreign exchange 12/31/2020 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 12/31/2019 Constitution 12/31/2020 Reflected in equity, in other comprehensive income Fair value changes - cash flow hedge (1) (31) (32) Total (1) (31) (32) Reflected in the statement of profit or loss 12/31/2018 Constitution Realization Foreign exchange 12/31/2019 Provisions for credit losses 35,375 81,165 (51,636) (1,058) 63,846 Provision PIS/COFINS - Financial Revenue 5,627 2,905 - (280) 8,252 Other provisions 6,603 8,784 - (443) 14,944 Fair value changes - financial instruments 331 2,225 (326) (53) 2,177 Total deferred tax assets on temporary differences 47,936 95,079 (51,962) (1,834) 89,219 Tax loss and negative basis of social contribution 7,280 - (2,063) (238) 4,979 Deferred tax assets 55,216 95,079 (54,025) (2,072) 94,198 Fair value changes - financial instruments (1) (714) - 17 (698) Deferred tax liabilities (1) (714) - 17 (698) Deferred tax assets net of deferred tax liabilities 55,215 94,365 (54,025) (2,055) 93,500 12/31/2018 Constitution 12/31/2019 Reflected in equity, in other comprehensive income Fair value changes - cash flow hedge - (1) (1) Total - (1) (1)

Equity (Tables)

Equity (Tables)	12 Months Ended
Equity (Tables)	Dec. 31, 2021
Schedule Of Accumulated Losses
The table below presents the changes in shares issued and fully paid and shares authorized, by class, as of December 31, 2021, and 2020.	The table below presents the changes in shares issued and fully paid and shares authorized, by class, as of December 31, 2021, and 2020. Shares authorized and fully issued 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, 2019 215,537,175 422,057,050 - 2,500 - - 637,596,725 3,825,580,350 SOPs exercised and RUSs vested 7,235,430 - - - - - 7,235,430 43,412,580 Shares withheld for employees' taxes (114,341) - - - - - (114,341) (686,046) Shares repurchased (1,171) - - - - - (1,171) (7,026) Capital increase (Series F-1) - - 16,795,799 - - - 16,795,799 100,774,794 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 (note 10) (320,866) - - - (384,278) - (705,144) (4,230,864) Shares repurchased (203,643) - - - - - (203,643) (1,221,858) Capital increase (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 Capital increase (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 - 12,500 298,991,791 958,537,594 3,600,710,825 - Subtotal balances after the 6-for-1 forward share split - 2,811,802,728 - 15,000 358,790,149 1,150,245,113 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 - - - - 3,459,743,432 1,150,245,113 4,609,988,545 4,609,988,545 Shares authorized and unissued Class A Ordinary shares Class B Ordinary shares Total Total after 6-for-1 forward share split Business combination - contingent share consideration - - 6,113,124 6,113,124 Reserved for the share-based payments - - 237,110,883 237,110,883 Reserved for the issuance of the Award - - 98,920,396 98,920,396 Shares authorized which may be issued Class A or Class B - - 43,651,308,262 43,651,308,262 Shares authorized and unissued as of December 31, 2021 - - 43,993,452,665 43,993,452,665 Shares authorized issued 3,459,743,432 1,150,245,113 4,609,988,545 4,609,988,545 Total 3,459,743,432 1,150,245,113 48,603,441,210 48,603,441,210
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 2020 and 2021:	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 2020 and 2021: Date Capital and share premium reserve 6/18/2020 - Series F-1 400,915 1/27/2021 - Series G 400,000 6/4/2021 - Series G-1 400,000 Customer program and IPO (note 1(a)) 2,602,026 Total presented as equity 3,802,941
Schedule of accumulated losses	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 2021 2020 Accumulated losses (336,484) (171,491) Share-based payments reserve 208,075 69,050 Total attributable to shareholders of the parent company (128,409) (102,441) Accumulated losses attributable to non-controlling interests (341) - Total accumulated losses (128,750) (102,441)
Schedule of accumulated losses	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 2021 2020 Accumulated losses (336,484) (171,491) Share-based payments reserve 208,075 69,050 Total attributable to shareholders of the parent company (128,409) (102,441) Accumulated losses attributable to non-controlling interests (341) - Total accumulated losses (128,750) (102,441)
the following shares were repurchased (after the 6-for-1 forward share split):	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 year ended December 31, 2021, and 2020, the following shares were repurchased (after the 6-for-1 forward share split): 2021 2020 Quantity of shares repurchased 1,221,858 7,026 Total value of shares repurchased 4,607 15 Quantity of shares withheld - RSU 4,230,864 686,046 Total value of shares withheld - RSU 18,299 2.646
The accumulated balances are as follows:	The accumulated balances are as follows: 2021 2020 2019 Cash flow hedge effects, net of deferred taxes 1,487 49 1 Currency translation on foreign entities (110,936) (97,081) (46,981) Changes in fair value - financial instruments at FVTOCI, net of deferred taxes 1,741 - - Own credit adjustment effects (1,519) (468) (249) Total (109,227) (97,500) (47,229)

Management of financial risks_2

Management of financial risks, financial instruments, and other risks (Tables)	12 Months Ended
	Dec. 31, 2021
Management Of Financial Risks Financial Instruments And Other Risks
The Group’s outstanding balance of financial assets is shown in the table below:	The Group’s outstanding balance of financial assets is shown in the table below: Financial assets 2021 2020 Cash and cash equivalents 2,705,675 2,343,780 Securities 815,962 4,287,277 Derivative financial instruments 101,318 80 Collateral for credit card operations 1,052 90,761 Financial assets at fair value through profit or loss 918,332 4,378,118 Securities 8,163,428 - Financial assets at fair value through other comprehensive income 8,163,428 - Compulsory deposits at central banks 938,659 43,542 Credit card receivables 4,780,520 2,908,907 Loans to customers 1,194,814 174,694 Other financial assets at amortized cost 18,493 22,870 Financial assets at amortized cost 6,932,486 3,150,013 Total 18,719,921 9,871,911
Primary sources of funding - by maturity	Primary sources of funding - by maturity 2021 2020 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) 7,663,355 64,753 7,728,108 99% 4,415,892 29,813 4,445,705 91% Bank receipt of deposits (RDB-V) 31,557 - 31,557 1% 90,360 - 90,360 2% Time deposit 19,181 - 19,181 0% - 19,513 19,513 0% Instruments eligible as capital - 12,056 12,056 0% - 15,492 15,492 0% Senior preferred shares - - - 0% - 328,394 328,394 7% Total 7,714,093 76,809 7,790,902 100% 4,506,252 393,212 4,899,464 100%
The tables below summarize the Group’s financial liabilities into groups based on their contractual maturities:	Maturities of financial liabilities The tables below summarize the Group’s financial liabilities into groups based on their contractual maturities: 2021 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 87,278 87,658 83,155 4,035 68 400 Instruments eligible as capital 12,056 44,666 - - - 44,666 Repurchase agreements 3,046 3,046 3,046 - - - Deposits in electronic money () 1,887,945 1,887,945 1,887,945 - - - Bank receipt of deposits (RDB) 7,728,108 7,861,504 7,296,337 78,035 439,561 47,571 Bank receipt of deposits (RDB-V) 31,557 31,557 31,557 - - - Time deposit 19,181 20,429 - - 20,429 - Other deposits 509 509 509 - - - Payables to credit card network 4,882,159 4,882,160 2,518,437 1,205,765 1,155,762 2,196 Borrowings and financing 147,243 161,543 1,686 9,738 43,090 107,029 Securitized borrowings 10,011 10,089 - 10,089 - - Total 14,809,093 14,991,106 11,822,672 1,307,662 1,658,910 201,862 () 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$ 2,171,585 (1) The gross nominal outflow was projected considering the exchange rate of Brazilian reais and Mexican pesos to US$ as of December 31, 2021 (R$5.5758 and MXN20.5294 per US$ 1
The table below presents the VaR for the entities in Brazil, calculated using a confidence level of 95% and a holding period of 1 day, by a historical simulation approach, with a 5-year window.	The table below presents the VaR for the entities in Brazil, calculated using a confidence level of 95% and a holding period of 1 day, by a historical simulation approach, with a 5-year window. VaR 2021 2020 Group 1,012 1,128 Nu Financeira 683 561 Nu Pagamentos 464 140
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:	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: Curve Brazilian Risk-Free Curve IPCA coupon DV01 2021 2020 2021 2020 Group 4 - (2) (1) Nu Financeira (1) (2) (1) (2) - Nu Pagamentos 6 2 - (1) (1) Includes Nu Financeira and its subsidiary Nu Invest.

Capital management (Tables)

Capital management (Tables)	12 Months Ended
Capital management (Tables)	Dec. 31, 2021
Capital Management
Schedule of financial conglomerate	Schedule of financial conglomerate Financial Conglomerate 2021 2020 Regulatory Capital 485,498 118,612 Tier I 467,225 101,229 Common Equity 467,225 101,229 Tier II 18,273 17,383 Risk Weighted Assets (RWA) 2,144,499 388,346 Credit Risk (RWA CPAD) 1,891,177 372,841 Market Risk (RWA MPAD) 14,825 63 Operational Risk (RWA OPAD) 238,497 15,442 Capital Required 225,172 40,776 Margin 260,325 77,836 Basel Ratio 22.6 30.5 RBAN - Capital Required 896 2,334 Margin considering RBAN 259,429 75,502
Schedule of capital ratio	The table below shows the calculation of the capital ratio and its minimum requirement for Nu Pagamentos, required by the current regulation in Brazil. Schedule of capital ratio Nu Pagamentos 2021 2020 Adjusted Equity 570,418 276,672 Max Amount 2,487,136 1,538,256 Monthly average of payment transactions 2,487,136 1,538,256 Balance of electronic currencies 1,693,514 1,072,056 Capital Requirement Ratio 22.9 18.0

Segment information (Tables)

Segment information (Tables)	12 Months Ended
Segment information (Tables)	Dec. 31, 2021
The table below shows the revenue and non-current assets per geographical area:	The table below shows the revenue and non-current assets per geographical area: Revenue (a) Non-current assets (b) 2021 2020 2019 2021 2020 Brazil 1,285,849 609,232 497,446 491,805 24,099 Mexico 29,546 1,409 14 8,235 1,418 Colombia 805 1 - 650 79 Cayman Islands - - - 831 831 Germany - - - 150 181 Argentina - - - 73 112 United States 2,845 - - 6,187 6,993 Total 1,319,045 610,642 497,460 507,931 33,713 (a) Includes interest income (credit card and lending), 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
Non-cash transactions (Tables)	Dec. 31, 2021
Non-cash Transactions
Schedule of non cash transactions	Schedule of non cash transactions 2021 Easynvest acquisition - share consideration (note 1(c)) 271,229 Conversion of senior preferred shares into equity (note 23) 400,915 Spin Pay acquisition - share consideration (note 1(c)) 6,346

Schedule of fair value (Details

Schedule of fair value (Details) - USD ($) $ in Thousands	Aug. 29, 2021	Aug. 29, 2021	Jun. 01, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Aug. 04, 2020	Dec. 31, 2018
IfrsStatementLineItems [Line Items]
Cash and cash equivalents				$ 2,705,675	$ 2,343,780	$ 1,246,566		$ 379,207
Securities				815,962	4,287,277
Intangible assets				72,337	12,372
Total identifiable net assets at fair value				19,858,681	10,154,250
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes				257,469	$ 1,198,352	$ 882,651
Easynvests [Member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents			$ 71,324
Securities			168,100
Intangible assets			45,061	45,061
Other assets (liabilities)			14,119
Liabilities			(240,047)
Total identifiable net assets at fair value			58,557
Goodwill arising on acquisition			392,989
Purchase consideration transferred			451,546
Equity consideration			271,229
Total consideration			180,317
Consideration paid (received)			180,317
Cash and cash equivalents in subsidiary or businesses acquired or disposed			(71,324)
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes			$ 108,993
Spin Pay [Member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents	$ 1,373	$ 1,373
Intangible assets	8,048	8,048		$ 8,048
Liabilities	(1,101)	(1,101)
Total identifiable net assets at fair value	8,383	8,383
Goodwill arising on acquisition	5,372	5,372
Purchase consideration transferred	13,755	13,755
Equity consideration	6,889	6,889
Total consideration	6,866	6,866
Other assets	63	63
Consideration paid (received)	6,866
Cash and cash equivalents in subsidiary or businesses acquired or disposed		$ (1,373)
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes	$ 5,493
Cognitect Inc [Member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents							$ 2,148
Other assets (liabilities)							(409)
Total identifiable net assets at fair value							9,601
Goodwill arising on acquisition							831
Purchase consideration transferred							10,432
Total consideration							10,432
Software							5,173
Customer relationship							$ 2,689

Net cash outflow on acquisition

Net cash outflow on acquisition (Details) - USD ($) $ in Thousands	Jun. 01, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
IfrsStatementLineItems [Line Items]
Net cash outflow		$ 257,469	$ 1,198,352	$ 882,651
Easynvests [Member]
IfrsStatementLineItems [Line Items]
Consideration paid in cash	$ 180,317
(-) Cash and cash equivalent balances acquired	(71,324)
Net cash outflow	$ 108,993

Reconciliation of intangible as

Reconciliation of intangible assets and goodwill shown in the consolidated statements of financial position (Details) - USD ($)	Dec. 31, 2021	Aug. 29, 2021	Jun. 01, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Total intangible assets	$ 72,337,000			$ 12,372,000
Total goodwill	401,872,000			$ 831,000
Easynvests [Member]
IfrsStatementLineItems [Line Items]
Total intangible assets	45,061,000		$ 45,061,000
Total goodwill	392,989,000		$ 220,490
Spin Pay [Member]
IfrsStatementLineItems [Line Items]
Total intangible assets	8,048,000	$ 8,048,000
Other intangible assets	19,228,000
Total goodwill	5,372,000
Cognitect Inc [Member]
IfrsStatementLineItems [Line Items]
Total goodwill	831,000
Akala [Member]
IfrsStatementLineItems [Line Items]
Total goodwill	$ 2,680,000

Operations (Details Narrative)

Operations (Details Narrative) - USD ($)	Dec. 09, 2021	Aug. 29, 2021	Jun. 01, 2021	Dec. 31, 2020	Aug. 04, 2020	Dec. 31, 2021
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, based on 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.
Total amount of goodwill				$ 831,000		$ 401,872,000
Class A Common Shares [Member] \| Initial Public Offering [Member]
IfrsStatementLineItems [Line Items]
Number of shares issed	2,602,026
Per shares value	$ 9
Offering cost	$ 61,717
Transaction costs	$ 47,545
Brazilian Depositary Receipts [Member] \| Class A Common Shares [Member] \| Initial Public Offering [Member]
IfrsStatementLineItems [Line Items]
Number of shares issed	289,150,555
Per shares value	$ 8.36
Easynvests [Member]
IfrsStatementLineItems [Line Items]
Proportion of ownership interest in subsidiary			100.00%
Description of acquiree			The total consideration of US$451,546 was transferred to the selling shareholders. The difference between the amount paid and the net assets acquired, and liabilities assumed at fair value resulted in the recognition of goodwill, as shown below.
Total amount of goodwill			$ 220,490			392,989,000
Purchase price			$ 392,989,000
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 14.1% and (ii) perpetuity calculated by the terminal cash flow plus the growth in perpetuity of 3.2%, equivalent to the expectation of long-term inflation released by the Brazilian Central Bank.
Revenue			$ 17,700			1,710,650
Loss due to acquisitions			10,593			$ 171,560
Consideration paid			$ 180,317,000
Easynvests [Member] \| Preferred Shares [Member]
IfrsStatementLineItems [Line Items]
Number of shares issed			7,859,445
Easynvests [Member] \| Technology-based intangible assets [member]
IfrsStatementLineItems [Line Items]
Purchase price			$ 7,900
Easynvests [Member] \| Brand names [member]
IfrsStatementLineItems [Line Items]
Purchase price			794
Easynvests [Member] \| Customer-related intangible assets [member]
IfrsStatementLineItems [Line Items]
Purchase price			$ 34,600
Easynvests [Member] \| Bottom of range [member]
IfrsStatementLineItems [Line Items]
Useful lives of assets						4 months
Easynvests [Member] \| Top of range [member]
IfrsStatementLineItems [Line Items]
Useful lives of assets						11 years 8 months 12 days
Akala [Member]
IfrsStatementLineItems [Line Items]
Proportion of ownership interest in subsidiary				100.00%
Total amount of goodwill						$ 2,680,000
Consideration paid				$ 3,000
Spin Pay [Member]
IfrsStatementLineItems [Line Items]
Total amount of goodwill						5,372,000
Purchase price		$ 5,372,000
Revenue		112				1,698,659
Loss due to acquisitions		483				$ 167,160
Consideration paid		6,866,000
Purchase price of acqisition		13,755
Consideration settle		$ 13,212
[custom:DescriptionOfIdentifiableAssetsAcquiredAndLiabilities2]		One member of Nu Holdings Board of Directors, before the acquisition, had a 1.24% interest in Spin Pay.
[custom:IntangibleAssetsAndGoodwillNet-0]		$ 2,149
[custom:DescriptionOfIdentifiableAssetsAcquiredAndLiabilities]		(i) discount rate of 18.2% and (ii) the residual value was calculated based on the projected cash flow for the last year (perpetuity).
Spin Pay [Member] \| Ordinary Shares 1 [Member]
IfrsStatementLineItems [Line Items]
Number of shares issed			830,490
Spin Pay [Member] \| Customer-related intangible assets [member]
IfrsStatementLineItems [Line Items]
Purchase price		$ 638
Spin Pay [Member] \| Other intangible assets [member]
IfrsStatementLineItems [Line Items]
Purchase price		$ 7,304
Spin Pay [Member] \| Bottom of range [member]
IfrsStatementLineItems [Line Items]
Useful lives of assets						2 years
Spin Pay [Member] \| Top of range [member]
IfrsStatementLineItems [Line Items]
Useful lives of assets						5 years
Easynvests And Spin Pay [Member]
IfrsStatementLineItems [Line Items]
Revenue						$ 1,715,835
Loss due to acquisitions						176,410
Cognitect Inc [Member]
IfrsStatementLineItems [Line Items]
Proportion of ownership interest in subsidiary					100.00%
Description of acquiree					The operation was consummated by means of a cash consideration of US$10,432.
Total amount of goodwill						$ 831,000
Purchase price					$ 831,000
[custom:ConsiderationTerms]						5 years
Cognitect Inc [Member] \| Ordinary Shares 1 [Member]
IfrsStatementLineItems [Line Items]
Number of shares issed					537
Cognitect Inc [Member] \| Bottom of range [member]
IfrsStatementLineItems [Line Items]
Useful lives of assets						2 years 2 months 30 days
Cognitect Inc [Member] \| Top of range [member]
IfrsStatementLineItems [Line Items]
Useful lives of assets						5 years

These consolidated financial st

These consolidated financial statements include the subsidiaries listed below: (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Nu 1 B Llc [Member]
Reserve Quantities [Line Items]
Entity	Nu 1-B, LLC (“Nu 1-B”)
Control	Direct
Principal activities	Holding Company
Functional currency	US$
Country of incorporation of subsidiary	USA
% equity interest	100.00%	100.00%	100.00%
Nu 2 B Llc [Member]
Reserve Quantities [Line Items]
Entity	Nu 2-B, LLC (“Nu 2-B”)
Control	Direct
Principal activities	Holding Company
Functional currency	US$
Country of incorporation of subsidiary	USA
% equity interest	100.00%	100.00%	100.00%
Nu 3 B Llc [Member]
Reserve Quantities [Line Items]
Entity	Nu 3-B, LLC (“Nu 3-B”)
Control	Direct
Principal activities	Holding Company
Functional currency	US$
Country of incorporation of subsidiary	USA
% equity interest	100.00%	100.00%	100.00%
Nu 1 A Llc [Member]
Reserve Quantities [Line Items]
Entity	Nu 1-A, LLC (“Nu 1-A”)
Control	Indirect
Principal activities	Holding Company
Functional currency	US$
Country of incorporation of subsidiary	USA
% equity interest	100.00%	100.00%	100.00%
Nu 2 A Llc [Member]
Reserve Quantities [Line Items]
Entity	Nu 2-A, LLC (“Nu 2-A”)
Control	Indirect
Principal activities	Holding Company
Functional currency	US$
Country of incorporation of subsidiary	USA
% equity interest	100.00%	100.00%	100.00%
Nu 3 A Llc [Member]
Reserve Quantities [Line Items]
Entity	Nu 3-A, LLC (“Nu 3-A”)
Control	Indirect
Principal activities	Holding Company
Functional currency	US$
Country of incorporation of subsidiary	USA
% equity interest	100.00%	100.00%	100.00%
Nu Payments Llc [Member]
Reserve Quantities [Line Items]
Entity	Nu Payments, LLC (“Nu Payments”)
Control	Indirect
Principal activities	Holding Company
Functional currency	US$
Country of incorporation of subsidiary	USA
% equity interest	100.00%	100.00%	100.00%
Nu M X Llc [Member]
Reserve Quantities [Line Items]
Entity	Nu MX LLC (“Nu MX”)
Control	Direct
Principal activities	Holding Company
Functional currency	US$
Country of incorporation of subsidiary	USA
% equity interest	100.00%	100.00%	100.00%
Nu Cayman Ltd [Member]
Reserve Quantities [Line Items]
Entity	Nu Cayman Ltd (“Nu Cayman”)
Control	Direct
Principal activities	Investment company
Functional currency	US$
Country of incorporation of subsidiary	Cayman
% equity interest	100.00%	100.00%
Nu Finanztechnologie Gmb H [Member]
Reserve Quantities [Line Items]
Entity	Nu Finanztechnologie GmbH (“Nu Finanz”)
Control	Direct
Principal activities	Technology E-Hub
Functional currency	EUR
Country of incorporation of subsidiary	Germany
% equity interest	100.00%	100.00%	100.00%
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	100.00%	100.00%	100.00%
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	100.00%	100.00%	100.00%
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	100.00%	100.00%
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	100.00%	100.00%
Nu Argentina S A [Member]
Reserve Quantities [Line Items]
Entity	Nu Argentina S.A. (“Nu Argentina”)
Control	Indirect
Principal activities	Talent E-Hub
Functional currency	ARS
Country of incorporation of subsidiary	Argentina
% equity interest	100.00%	100.00%
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	100.00%	100.00%
Internet Fundo De Investimento Em Participacoes Multiestratrgia [Member]
Reserve Quantities [Line Items]
Entity	Internet – Fundo de Investimento em Participações Multiestratégia (“Internet FIP”)
Control	Indirect
Principal activities	Investment company
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100.00%	100.00%	100.00%
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	100.00%	100.00%	100.00%
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	100.00%	100.00%	100.00%
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	100.00%	100.00%	100.00%
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	100.00%	100.00%
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	100.00%	100.00%
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	100.00%
Nu Participacoes S A [Member]
Reserve Quantities [Line Items]
Entity	Nu Participações S.A. ("Nu Participações") - former “Easynvest Participações"
Control	Indirect
Principal activities	Holding Company
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100.00%
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	100.00%
Easynvest Gestao De Recursos Ltda [Member]
Reserve Quantities [Line Items]
Entity	Easynvest Gestão de Recursos Ltda. (“Easynvest Gestão")
Control	Indirect
Principal activities	Fund manager
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100.00%
Verios Gestao De Recursos S A [Member]
Reserve Quantities [Line Items]
Entity	Vérios Gestão de Recursos S.A. (“Vérios”)
Control	Indirect
Principal activities	Fund manager
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100.00%
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	100.00%
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	100.00%
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	100.00%
Nuplat S A [Member]
Reserve Quantities [Line Items]
Entity	Nuplat S.A. ("Nuplat")
Control	Direct
Principal activities	Talent E-Hub
Functional currency	UYU
Country of incorporation of subsidiary	Uruguay
% equity interest	100.00%
Spin Pay Servicos De Pagamentos Ltda [Member]
Reserve Quantities [Line Items]
Entity	Spin Pay Serviços de Pagamentos Ltda. ("Spin Pay")
Control	Indirect
Principal activities	Payment hub
Functional currency	BRL
Country of incorporation of subsidiary	Brazil
% equity interest	100.00%

Additional details of consolida

Additional details of consolidated financial statements include the subsidiaries listed below (Details)	12 Months Ended
	Dec. 31, 2021
Fundo De Investimento Em Direitos Creditorios N U [Member]
Reserve Quantities [Line Items]
Name of subsidiary	Fundo de Investimento em Direitos Creditórios NU (“FIDC Nu”)
Country of incorporation of subsidiary	Brazil
Fundo De Investimento Ostrum Soberano Renda Fixa Referenciado D I [Member]
Reserve Quantities [Line Items]
Name of subsidiary	Fundo de Investimento Ostrum Soberano Renda Fixa Referenciado DI (“Fundo Ostrum”)
Country of incorporation of subsidiary	Brazil
Nu Fundo De Investimentos Em Acoes [Member]
Reserve Quantities [Line Items]
Name of subsidiary	Nu Fundo de Investimentos em Ações (“Nu FIA”)
Country of incorporation of subsidiary	Brazil
Nu Fundo De Investimento Renda Fixa [Member]
Reserve Quantities [Line Items]
Name of subsidiary	Nu Fundo de Investimento Renda Fixa ("NuFundo") - consolidated only in 2020 and 2019
Country of incorporation of subsidiary	Brazil

The useful life of fixed and in

The useful life of fixed and intangible assets items are as follows: (Details)	12 Months Ended
	Dec. 31, 2021
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

CSLL (social contribution on pr

CSLL (social contribution on profits), with rates as shown below (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Program Of Social Integration [Member] \| Teaching Activities [Member]
IfrsStatementLineItems [Line Items]
Applicable tax rate	15.00%
Program Of Social Integration [Member] \| Non Teaching Activities [Member]
IfrsStatementLineItems [Line Items]
Applicable tax rate		15.00%
[custom:ApplicableTaxRate1]		10.00%
Contribution For The Financing Of Social Security [Member] \| Teaching Activities [Member]
IfrsStatementLineItems [Line Items]
[custom:ApplicableTaxRate1]	10.00%
Contribution For The Financing Of Social Security [Member] \| Non Teaching Activities [Member]
IfrsStatementLineItems [Line Items]
Applicable tax rate	20.00%	15.00%

Schedule of forecast (Details)

Schedule of forecast (Details) $ in Thousands	12 Months Ended
Schedule of forecast (Details) $ in Thousands	Dec. 31, 2021USD ($)
Upside [Member]
IfrsStatementLineItems [Line Items]
Credit card and lending ECL	$ 573,642
Growth rate	1.60%
Base Case [Member]
IfrsStatementLineItems [Line Items]
Credit card and lending ECL	$ 586,755
Growth rate	0.30%
Downside [Member]
IfrsStatementLineItems [Line Items]
Credit card and lending ECL	$ 600,602
Growth rate	(0.90%)

Schedule of impacts in both cre

Schedule of impacts in both credit card and lending portfolios (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
IfrsStatementLineItems [Line Items]
Total	$ (109,227)	$ (97,500)	$ (47,229)
Modeled E C L [Member]
IfrsStatementLineItems [Line Items]
Credit card	381,636
Personal loan	195,607
Total	577,243
Post Model Adjustments [Member]
IfrsStatementLineItems [Line Items]
Credit card	9,043
Personal loan	1,929
Total	10,972
Total E C L [Member]
IfrsStatementLineItems [Line Items]
Credit card	390,679
Personal loan	197,536
Total	$ 588,215

Significant accounting judgme_3

Significant accounting judgments, estimates and assumptions (Details Narrative)	12 Months Ended
	Dec. 31, 2021USD ($)
IfrsStatementLineItems [Line Items]
Post-model adjustments	$ 10,972
Discount rate	14.00%
Terminal value growth rate	3.35%
Undiscounted gross profit rate	213.00%
Total operating expenses rate	144.00%
Total E C L [Member]
IfrsStatementLineItems [Line Items]
ECL allowance total	$ 588,215,000
Credit card operations	390,679,000
Loans	$ 197,536,000

Interest income and gains (loss

Interest income and gains (losses) on financial instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
IfrsStatementLineItems [Line Items]
Interest income and gains (losses) on financial instruments at fair value	$ 312,776	$ 88,658	$ 57,832
Total interest income and gains (losses) on financial instruments	1,046,746	382,922	337,851
Financial assets at amortised cost, category [member]
IfrsStatementLineItems [Line Items]
Interest income – other assets at amortized cost	66,202	37,833	56,817
Financial assets, at fair value	309,196	84,819	60,151
Other assets [member]
IfrsStatementLineItems [Line Items]
Financial assets, at fair value	3,580	3,839	(2,319)
Credit Card 1 [Member]
IfrsStatementLineItems [Line Items]
Interest income – other assets at amortized cost	375,067	217,505	214,589
Loans to consumers [member]
IfrsStatementLineItems [Line Items]
Interest income – other assets at amortized cost	$ 292,701	$ 38,926	$ 8,613

Fee and commission income (Deta

Fee and commission income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interchange fees	$ 471,505	$ 254,327	$ 203,871
Recharge fees	48,378	15,287	358
Rewards revenue	26,857	23,524	21,071
Late fees	49,951	31,237	27,889
Other fee and commission income	65,766	29,836	21,069
Customer Program ("NuSócios") (note 1(a))	(11,180)
Total fee and commission income	$ 651,277	$ 354,211	$ 274,258

Interest and other financial ex

Interest and other financial expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest expense on deposits	$ 317,420	$ 87,325	$ 81,049
Other interest and similar expenses	49,924	26,599	28,648
Interest and other financial expenses	$ 367,344	$ 113,924	$ 109,697

Transactional expenses (Details

Transactional expenses (Details) - USD ($) $ in Thousands	12 Months Ended
Transactional expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Bank slip costs	$ 36,149	$ 46,480	$ 31,536
Rewards expenses	36,885	29,624	21,533
Credit and debit card network costs	22,705	24,986	14,703
Other transactional expenses	21,380	25,725	11,544
Total transactional expenses	$ 117,119	$ 126,815	$ 79,316

Schedule of credit loss allowan

Schedule of credit loss allowance expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
IfrsStatementLineItems [Line Items]
Net increase of loss allowance (note 13)	$ 480,643	$ 169,485	$ 175,178
Credit Card 1 [Member]
IfrsStatementLineItems [Line Items]
Additions	459,759	312,446	324,326
Reversals	(148,158)	(151,676)	(135,344)
Net increase of loss allowance (note 13)	311,601	160,770	188,982
Recovery	(22,494)	(18,202)	(18,789)
Allowance account for credit losses of financial assets	289,107	142,568	170,193
Loans To Customer [Member]
IfrsStatementLineItems [Line Items]
Additions	246,044	41,105	4,985
Reversals	(53,966)	(14,085)
Net increase of loss allowance (note 13)	192,078	27,020	4,985
Recovery	(542)	(103)
Allowance account for credit losses of financial assets	$ 191,536	$ 26,917	$ 4,985

Schedule of operating expenses

Schedule of operating expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
IfrsStatementLineItems [Line Items]
Infrastructure and data processing costs	$ 134,761	$ 74,836	$ 78,962
Credit analysis and collection costs	59,869	34,089	23,862
Customer services	55,045	39,563	25,198
Salaries and associated benefits	213,135	111,729	74,924
Credit and debit card issuance costs	39,156	17,896	46,255
Share-based compensation	225,445	56,273	18,511
Specialized services expenses	29,200	17,429	17,311
Other personnel costs	20,982	12,088	13,500
Depreciation and amortization	17,339	7,430	5,073
Marketing expenses	71,775	16,479	38,940
Others	36,374	31,123	34,681
Total	903,081	418,935	377,217
Customer Support And Operations [Member]
IfrsStatementLineItems [Line Items]
Infrastructure and data processing costs	70,928	45,725	56,502
Credit analysis and collection costs	34,026	21,737	11,498
Customer services	48,122	34,075	21,027
Salaries and associated benefits	19,898	13,862	12,395
Credit and debit card issuance costs	13,711	6,074	10,350
Share-based compensation
Specialized services expenses
Other personnel costs	2,253	1,827	2,257
Depreciation and amortization	1,217	79
Marketing expenses
Others	354	571	1,538
Total	190,509	123,950	115,567
Selling, general and administrative expense [member]
IfrsStatementLineItems [Line Items]
Infrastructure and data processing costs	63,833	29,111	22,460
Credit analysis and collection costs	25,843	12,352	12,364
Customer services	6,923	5,488	4,171
Salaries and associated benefits	185,715	95,060	59,829
Credit and debit card issuance costs	25,445	11,822	35,905
Share-based compensation	225,445	56,273	18,511
Specialized services expenses	29,200	17,429	17,311
Other personnel costs	18,452	10,121	11,066
Depreciation and amortization	16,122	7,351	5,073
Marketing expenses
Others	31,923	21,017	13,229
Total	628,901	266,024	199,919
Marketing [Member]
IfrsStatementLineItems [Line Items]
Infrastructure and data processing costs
Credit analysis and collection costs
Customer services
Salaries and associated benefits	7,522	2,807	2,700
Credit and debit card issuance costs
Share-based compensation
Specialized services expenses
Other personnel costs	277	140	177
Depreciation and amortization
Marketing expenses	71,775	16,479	38,940
Others
Total	79,574	19,426	41,817
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
Specialized services expenses
Other personnel costs
Depreciation and amortization
Marketing expenses
Others	4,097	9,535	19,914
Total	$ 4,097	$ 9,535	$ 19,914

Schedule of earnings per share

Schedule of earnings per share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Loss attributable to shareholders of the parent company	$ (164,993)	$ (171,491)	$ (92,531)
[custom:WeightedAverageOutstandingSharesBasicAndDiluted]	1,602,126,000	1,315,578,000	1,137,931,000
[custom:BasicAndDilutedEarningLossPerShare]	$ (0.1030)	$ (0.1304)	$ (0.0813)
Weighted average number of ordinary shares used in calculating diluted earnings per share	334,436	405,394	306,210

The changes in the number of SO

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. (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Outstanding on January 1	42,515,821	51,034,938	2,728,085
Outstanding on January 1 per share	$ 1.58	$ 0.91	$ 9.19
Granted during the year	1,141,362	3,376,767	354,354
Granted during the year per share	$ 23.75	$ 9.92	$ 72.68
Exercised during the year	(18,822,551)	(6,804,750)	(999,466)
Exercised during the year per share	$ 0.38	$ 0.24	$ 3.09
Forfeited during the year	(853,059)	(5,091,134)	(41,575)
Balances before 6-for-1 forward share split	23,981,573	42,515,821	2,041,398
Balances before 6-for-1 forward share split per share	$ 3.01	$ 1.58
[custom:WeightedAverageFairValueAtMeasurementIssuanceDue]			48,993,540
Issuance of options due to 6-for-1 forward split	119,907,866
Outstanding on December 31	143,889,439	42,515,821	51,034,938
[custom:WeightedAverageSharePrice-2]	$ 0.50	$ 1.58	$ 0.91
Exercisable on December 31	101,416,310	30,190,826	29,883,161
[custom:WeightedAverageSharePrice1-2]	$ 0.20	$ 0.56	$ 0.39
[custom:WeightedAverageFairValueAtMeasurementDateShareOptionsOutstandingOne-1]	5,294,454
Outstanding on January 1 per share	$ 10.47
Granted during the year	13,103,243	6,048,335
Granted during the year per share	$ 36.65	$ 10.45
Vested during the year	(3,092,289)	(430,680)
[custom:WeightedAverageSharePriceExercised2]	$ 15.06	$ 10.46
Forfeited during the year	(1,817,919)	(323,201)
Balances before 6-for-1 forward share split	13,487,489	5,294,454
[custom:WeightedAverageSharePriceBefore2-2]	$ 28.91	$ 10.47
Issuance of RSUs due to 6-for-1 forward split	67,437,448
Outstanding on December 31	80,924,937	5,294,454
[custom:WeightedAverageSharePrice2-2]	$ 4.82	$ 10.47

The following table presents th

The following table presents the following table presents the total amount of share-based compensation granted as of December 31,2021 and 2020 and the related expenses and provision for taxes as of December 31, 2021, 2020 and 2019. (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based payments granted, net of shares withheld for employee taxes	$ 139,025	$ 40,861	$ 18,511
Share-based compensation expenses	225,445	56,273	4,968
Liability provision for taxes presented as salaries, allowances and social security contributions	$ 61,772	$ 10,334	$ 4,968

The following table presents ad

The following table presents additional information relating to the SOP characteristics and the valuation model: (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jan. 01, 2020
IfrsStatementLineItems [Line Items]
[custom:WeightedAverageFairValueOfOptionGranted-0]	$ 2.58	$ 7.45	$ 68.90
[custom:WeightedAverageFairValueOfOptionGranted1-0]	3.97	10.53	99.90
[custom:WeightedAverageFairValueOfOptionGranted11-0]	$ 0.0398
[custom:WeightedAverageFairValueOfOptionGrantedMinimum-0]		0.0670
[custom:WeightedAverageFairValueOfOptionGrantedMaximum-0]		$ 0.104
[custom:WeightedAverageFairValueOfOptionGrantedPercentageMinimum-0]			0.205
[custom:WeightedAverageFairValueOfOptionGrantedPercentageMaximum-0]			$ 1.665
[custom:WeightedAverageFairValueOfOptionGrantedMinimum1-0]	72.50%	69.50%	64.30%
[custom:WeightedAverageFairValueOfOptionGrantedPercentageMaximum1-0]	75.00%	77.90%	77.90%
[custom:RiskfreeInterestRateP.-0]	0.005
[custom:RiskfreeInterestRatePMinimum-0]		1.30%	1.20%
[custom:RiskfreeInterestRatePMaximum-0]		1.70%	1.20%
[custom:WeightedAverageFairValueOfOptionGranted2-0]	$ 3.98		$ 234.5	$ 10.06
Vested	20,779	16,761	11,690
Unvested	51,367	50,375	34,873
Weighted average remaining contractual life of outstanding share options	5 years 8 months 12 days	6 years	6 years 10 months 25 days
Not later than one year [member]
IfrsStatementLineItems [Line Items]
Range of exercise prices remaining at year end	9500.00%	9080.00%	2670.00%
Later than one year [member]
IfrsStatementLineItems [Line Items]
Range of exercise prices remaining at year end	500.00%
Later than one year and not later than two years [member]
IfrsStatementLineItems [Line Items]
Range of exercise prices remaining at year end		230.00%	1080.00%
Later than two years and not later than three years [member]
IfrsStatementLineItems [Line Items]
Range of exercise prices remaining at year end		690.00%	4560.00%
Later than three years and not later than four years [member]
IfrsStatementLineItems [Line Items]
Range of exercise prices remaining at year end			1540.00%
Later than four years and not later than five years [member]
IfrsStatementLineItems [Line Items]
Range of exercise prices remaining at year end			150.00%

The following table presents _2

The following table presents additional information relating to the RSUs and Awards characteristics and the valuation model: (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Most relevant vesting periods for the grants outstanding	49.70%	57.30%
[custom:MostRelevantVestingPeriodsForGrantsOutstanding1-0]	44.50%	35.00%
[custom:MostRelevantVestingPeriodsForGrantsOutstandingMinimum-0]	68.00%	62.40%
[custom:MostRelevantVestingPeriodsForGrantsOutstandingMaximum-0]	75.00%	74.20%
[custom:MostRelevantVestingPeriodsForGrantsOutstandingMinimum1-0]	17.00%	21.40%
[custom:MostRelevantVestingPeriodsForGrantsOutstandingMaximum1-0]	19.00%	23.00%
[custom:MostRelevantVestingPeriodsForGrantsOutstandingMinimum2-0]	0.06%
[custom:MostRelevantVestingPeriodsForGrantsOutstandingMaximum2-0]	0.11%
[custom:MostRelevantVestingPeriodsForGrantsOutstanding2-0]		0.41%
Description of awards vesting period	Up to 7.4 years	Up to 4.5 years

Schedule of cash and cash equiv

Schedule of cash and cash equivalents (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Reverse repurchase agreement in foreign currency	$ 1,115,805	$ 1,783,988
Short-term investments	1,412,901	407,520
Bank balances	174,142	142,934
Other cash and cash equivalents	2,827	9,338
Total	$ 2,705,675	$ 2,343,780	$ 1,246,566	$ 379,207

Financial instruments at FVTPL

Financial instruments at FVTPL (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Cost	$ 798,565
Fair Value 1	815,962	$ 4,287,277
Upto12 Months	24,732
Over 12 months	674,524
No maturity	137,759
[custom:FairValueNoMaturity1]	116,706
Brazil, Brazil Real
IfrsStatementLineItems [Line Items]
[custom:FinancialInstrumentsFairValueOriginalCurrency]	3,718,139	22,287,409
[custom:FinancialInstrumentsFairValueUS]	666,835	4,287,277
United States of America, Dollars
IfrsStatementLineItems [Line Items]
[custom:FinancialInstrumentsFairValueOriginalCurrency]	118,392
[custom:FinancialInstrumentsFairValueUS]	118,392
India, Rupees
IfrsStatementLineItems [Line Items]
[custom:FinancialInstrumentsFairValueOriginalCurrency]	2,364,231
[custom:FinancialInstrumentsFairValueUS]	$ 30,735
Government Bonds Brazil [Member]
IfrsStatementLineItems [Line Items]
Yield	106.3% of CDI rate
Description of maturity date	01/22 - 09/27
Cost	$ 571,467
Fair Value 1	571,753	4,137,224
Upto12 Months	17,132
Over 12 months	554,621
Government Bonds [Member]
IfrsStatementLineItems [Line Items]
Cost	571,467
Fair Value 1	571,753
Upto12 Months	17,132
Over 12 months	$ 554,621
Corporate Bonds And Other Instruments Bill Of Credit [Member]
IfrsStatementLineItems [Line Items]
Yield	118% - 139% CDI
Description of maturity date	01/22
Cost	$ 14
Fair Value 1	14	23
Upto12 Months	$ 14
Certificate Of Bank Deposits [Member]
IfrsStatementLineItems [Line Items]
Yield	105% - 140% CDI
Description of maturity date	01/22 - 10/30
Cost	$ 81,796
Fair Value 1	81,810
Upto12 Months	5,122
No maturity	$ 76,688
Real Estate And Agri Business Letter Of Credit [Member]
IfrsStatementLineItems [Line Items]
Yield	98.5% - 99% CDI
Description of maturity date	04/26 - 09/35
Cost	$ 1,520
Fair Value 1	1,508
Upto12 Months	$ 1,508
Corporate Bond And Debenturest [Member]
IfrsStatementLineItems [Line Items]
Yield	0.66% - 5.27% p.y.
Description of maturity date	01/23 - 01/36
Cost	$ 120,340
Fair Value 1	120,859
Upto12 Months	956
Over 12 months	119,903
Equity Instrumentt [Member]
IfrsStatementLineItems [Line Items]
Cost	11,211
Fair Value 1	30,735
No maturity	$ 30,735
Investment Funds 1 [Member]
IfrsStatementLineItems [Line Items]
Yield	~ 86.1% of CDI rate
Cost	$ 12,059
Fair Value 1	9,125	150,030
No maturity	9,125
Stocks Issued By Public Held Company [Member]
IfrsStatementLineItems [Line Items]
Cost	158
Fair Value 1	158
No maturity	158
Corporate Bonds And Other Instruments [Member]
IfrsStatementLineItems [Line Items]
Cost	227,098
Fair Value 1	244,209	$ 150,053
Upto12 Months	7,600
Over 12 months	119,903
No maturity	$ 116,706

Financial instruments at FVTOCI

Financial instruments at FVTOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Cost	$ 8,160,703
Fair Value	8,163,428
Up to 12 months	4,020,984
Over 12 months	4,004,685
Cost	798,565
Fair Value	815,962	$ 4,287,277
Over 12 months	674,524
[custom:FairValueNoMaturity]	137,759
[custom:FairValueUpto12Months]	24,732
[custom:FairValueNoMaturity1]	116,706
Brazil, Brazil Real
IfrsStatementLineItems [Line Items]
[custom:FinancialInstrumentsFairValueOriginalCurrency1]	34,643,103
[custom:FinancialInstrumentsFairValueUS1]	6,213,118
United States of America, Dollars
IfrsStatementLineItems [Line Items]
[custom:FinancialInstrumentsFairValueOriginalCurrency1]	1,950,310
[custom:FinancialInstrumentsFairValueUS1]	$ 1,950,310
Government Bonds Brazil [Member]
IfrsStatementLineItems [Line Items]
Yield	106.3% of CDI rate
Description of Maturity	01/22 - 09/27
Cost	$ 6,071,826
Fair Value	6,074,435
Up to 12 months	2,070,674
Over 12 months	4,003,761
Cost	571,467
Fair Value	571,753	$ 4,137,224
Over 12 months	554,621
[custom:FairValueUpto12Months]	$ 17,132
Government Bonds Brazil One [Member]
IfrsStatementLineItems [Line Items]
Description of Maturity	01/22 - 09/27
Government Bonds United States [Member]
IfrsStatementLineItems [Line Items]
Yield	0.02% - 1.05% fixed
Description of Maturity	02/22 - 04/25
Cost	$ 829,969
Fair Value	830,124
Up to 12 months	$ 830,124
Government Bonds Colombia [Member]
IfrsStatementLineItems [Line Items]
Yield	2.42% fixed
Description of Maturity	02/24
Cost	$ 504
Fair Value	504
Up to 12 months	504
Government Bonds 1 [Member]
IfrsStatementLineItems [Line Items]
Cost	6,902,299
Fair Value	6,905,063
Up to 12 months	2,901,302
Over 12 months	$ 4,003,761
Corporate Bonds And Other Instruments 1 Debentures [Member]
IfrsStatementLineItems [Line Items]
Yield	IPCA + 4,9173%
Description of Maturity	03/36
Cost	$ 939
Fair Value	924
Over 12 months	$ 924
Corporate Bonds And Other Instruments 1 Investment Funds [Member]
IfrsStatementLineItems [Line Items]
Yield	CDI+ 3.95% - CDI+ 5.20%
Cost	$ 137,759
Fair Value	137,759
[custom:FairValueNoMaturity]	$ 137,759
Corporate Bonds And Other Instruments 1 Time Deposit [Member]
IfrsStatementLineItems [Line Items]
Yield	0.30% - 0.80% p.y
Description of Maturity	2/22 - 10/22
Cost	$ 1,119,706
Fair Value	1,119,682
[custom:FairValueUpto12Months]	1,119,682
Corporate Bonds And Other Instruments 1 [Member]
IfrsStatementLineItems [Line Items]
Cost	1,258,404
Fair Value	1,258,365
Over 12 months	924
[custom:FairValueUpto12Months]	1,119,682
[custom:FairValueNoMaturity1]	$ 137,759

Composition of receivables (Det

Composition of receivables (Details) - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Receivables - current	[1]	$ 2,341,492	$ 1,475,417
Receivables - installments	[1]	2,483,647	1,443,793
Receivables - revolving	[2]	337,014	199,662
Total receivables		5,162,153	3,118,872
Credit card ECL allowance
Presented as deduction of receivables		(381,633)	(209,965)
Presented as "Other liabilities"		(9,046)	(7,577)
Total credit card ECL allowance		(390,679)	(217,542)
Receivables, net		4,771,474	2,901,330
Total receivables presented as assets		$ 4,780,520	$ 2,908,907

[1]	Current receivables are related to purchases made by customers due on the next credit card billing date. “Receivables – installments” is related to purchases in installments (“parcelado” in Brazil) which are financed by the merchant. With this product, the cardholder's purchase is paid in up to 12 equal monthly installments. The cardholder’s credit limit is initially reduced by the total amount and the installments become due and payable on the cardholder’s subsequent monthly credit card statements. The Group makes the corresponding payments to the credit card network (see note 19) 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”).
[2]	Revolving receivables are amounts due from customers that have not paid in full their credit card bill. Customers may request to convert these receivables in 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” - a type of installment loan which is settled through the customer’s monthly credit card bills .

Breakdown by maturity (Details)

Breakdown by maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 147,243	$ 97,454
Total not overdue %	84.00%	85.00%
Total	$ 5,162,153	$ 3,118,872
Total %	100.00%	100.00%
Installment loans to individuals	$ 47,539	$ 7,369
[custom:BorrowingsInterestRateOverDue-0]	3.00%	3.00%
[custom:BorrowingsInterestRateGross-0]	100.00%	100.00%
Total	$ 47,539
[custom:TotalBorrowingsInterestRate-0]	3.00%	3.00%
[custom:CurrentLoansAndReceivablesTotalNotOverDue-0]	$ 189,051	$ 23,458
Of which:	$ 47,539	$ 7,369
[custom:CurrentBorrowingsInterestRate-0]	3.00%
[custom:CurrentLoansAndReceivablesNotOverdue-0]	$ 1,155,760
[custom:BorrowingsInterestRateGross1-0]	100.00%
[custom:GrossBorrowingsInterestRate-0]		100.00%
Fixed interest rate [member]
IfrsStatementLineItems [Line Items]
Total not overdue %	3.00%
[custom:BorrowingsInterestRateOverDue-0]		3.00%
Fixed interest rate	$ 47,539	$ 7,369
[custom:BorrowingsInterestRateGross2-0]	100.00%
[custom:GrossBorrowingsInterestRate1-0]		100.00%
Not later than one year [member]
IfrsStatementLineItems [Line Items]
Total not overdue %	84.00%	85.00%
Installment loans to individuals	$ 1,155,760	$ 170,077
Later than one year [member]
IfrsStatementLineItems [Line Items]
Total not overdue %		12.00%
Installment loans to individuals		$ 23,458
Later than one year [member] \| Fixed interest rate [member]
IfrsStatementLineItems [Line Items]
Total not overdue %	13.00%
Fixed interest rate	$ 189,051	23,458
Less Than Sixty Days [Member]
IfrsStatementLineItems [Line Items]
Installment loans to individuals	22,371	2,370
Total	22,371	2,370
Of which:	22,371	2,370
Less Than Sixty Days [Member] \| Fixed interest rate [member]
IfrsStatementLineItems [Line Items]
Fixed interest rate	22,371	2,370
More Than Sixty Days [Member]
IfrsStatementLineItems [Line Items]
Installment loans to individuals	25,168	4,999
Total	25,168	4,999
Of which:	25,168	4,999
More Than Sixty Days [Member] \| Fixed interest rate [member]
IfrsStatementLineItems [Line Items]
Fixed interest rate	25,168	4,999
Between One Yea And Five Yearr [Member]
IfrsStatementLineItems [Line Items]
Installment loans to individuals	$ 189,051	$ 23,458
[custom:BorrowingsInterestRateNotOverDue-0]	13.00%
[custom:TotalBorrowingsInterestRate-0]		12.00%
[custom:TotalBorrowingsInterestRateNotOverDue-0]	13.00%
[custom:CurrentLoansAndReceivablesNotOverdue-0]	$ 189,051
[custom:BorrowingsInterestRate2-0]	13.00%	12.00%
Between One Yea And Five Yearr [Member] \| Fixed interest rate [member]
IfrsStatementLineItems [Line Items]
[custom:BorrowingsInterestRateNotOverDue-0]		12.00%
Total [Member]
IfrsStatementLineItems [Line Items]
[custom:CurrentLoansAndReceivablesGross-0]	$ 1,392,350	$ 200,904
[custom:CurrentLoansAndReceivablesGross1-0]	1,392,350
[custom:CurrentLoansAndReceivablesNotOverdue-0]		200,904
Total [Member] \| Fixed interest rate [member]
IfrsStatementLineItems [Line Items]
[custom:FixedInterestRateValueGross-0]	1,392,350	200,904
Installments Overdue [Member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 277,130	$ 146,563
Total not overdue %	5.40%	4.70%
Installments Overdue [Member] \| Not later than one year [member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 77,527	$ 29,512
Total not overdue %	1.50%	0.90%
Installments Overdue [Member] \| Later than one year [member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 34,476	$ 9,109
Total not overdue %	0.70%	0.30%
Installments Overdue [Member] \| Later than one year and not later than two years [member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 26,747	$ 9,369
Total not overdue %	0.50%	0.30%
Installments Overdue [Member] \| Later than two years and not later than three years [member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 138,380	$ 98,573
Total not overdue %	2.70%	3.20%
Installments Not Overdue Due [Member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 4,885,023	$ 2,972,309
Total not overdue %	94.60%	95.30%
Installments Not Overdue Due [Member] \| Not later than one year [member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 2,401,149	$ 1,418,770
Total not overdue %	46.50%	45.50%
Installments Not Overdue Due [Member] \| Later than one year [member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 904,864	$ 587,550
Total not overdue %	17.50%	18.80%
Installments Not Overdue Due [Member] \| Later than one year and not later than two years [member]
IfrsStatementLineItems [Line Items]
Total not overdue installments	$ 1,579,010	$ 965,989
Total not overdue %	30.60%	31.00%

Distribution within the stages

Distribution within the stages as of December 31, 2021, showed a lower concentration in stage 1 portfolio, increasing the concentration in the riskier stages when compared to December 31, 2020, indicating the portfolio risk is returning to pre-COVID-19 le (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 5,162,153	$ 3,118,872
Gross exposures (percent)	100.00%	100.00%
Loss allowance (percent)	100.00%	100.00%
Coverage ratio	7.60%	7.00%
[custom:OtherLossAllowance-0]	$ 390,679
Loss Allowance		$ 217,542
Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 4,525,689	$ 2,799,999
Gross exposures (percent)	87.70%	89.80%
Loss Allowance	$ 127,358	$ 79,296
Loss allowance (percent)	32.60%	36.50%
Coverage ratio	2.80%	2.80%
Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 440,105	$ 202,673
Gross exposures (percent)	8.50%	6.50%
Loss Allowance	$ 126,392	$ 60,391
Loss allowance (percent)	32.40%	27.80%
Coverage ratio	28.70%	29.80%
Stage 2 [Member] \| Absolute Trigger [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 131,409	$ 50,375
Gross exposures (percent)	29.90%	24.90%
Loss Allowance	$ 61,844	$ 22,172
Loss allowance (percent)	48.90%	36.70%
Coverage ratio	47.10%	44.00%
Stage 2 [Member] \| Relative Trigger [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 308,696	$ 152,298
Gross exposures (percent)	70.10%	75.10%
Loss Allowance	$ 64,548	$ 38,219
Loss allowance (percent)	51.10%	63.30%
Coverage ratio	20.90%	25.10%
Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 196,359	$ 116,200
Gross exposures (percent)	3.80%	3.70%
Loss Allowance	$ 136,929	$ 77,855
Loss allowance (percent)	35.00%	35.70%
Coverage ratio	69.70%	67.00%

Schedule of Credit loss allow_2

Schedule of Credit loss allowance by credit quality (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]		$ 3,118,872
[custom:CreditExposureRatio1-0]		100.00%
Utilisation, allowance account for credit losses of financial assets	$ 197,536	$ 26,210
[custom:CreditLossRatio1-0]		100.00%
[custom:CoverageRatio1-0]		7.00%
Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	68,926	$ 10,532
Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	72,935	7,136
Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	55,675	8,542
Total One [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets		217,542
Strong Credit One [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]	$ 3,755,666
[custom:CreditExposureRatio1-0]	72.80%
Utilisation, allowance account for credit losses of financial assets	$ 40,480	947
[custom:CreditLossRatio1-0]	10.40%
Strong Credit One [Member] \| Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets		939
Strong Credit One [Member] \| Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets		8
Strong Credit [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]		$ 2,524,909
[custom:CreditExposureRatio1-0]		81.00%
Utilisation, allowance account for credit losses of financial assets	$ 4,196	$ 40,629
[custom:CreditLossRatio1-0]		18.70%
[custom:CoverageRatio1-0]	1.10%	1.60%
Strong Credit [Member] \| Stage 1 [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]	$ 3,754,626	$ 2,523,792
[custom:CreditExposureRatio1-0]	100.00%	100.00%
Utilisation, allowance account for credit losses of financial assets	$ 4,002
[custom:CreditLossRatio1-0]	99.90%	99.80%
[custom:CoverageRatio1-0]	1.10%	1.60%
Strong Credit [Member] \| Stage One [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	$ 40,435	$ 40,540
Strong Credit [Member] \| Stage 2 [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]	$ 1,040	$ 1,117
[custom:CreditExposureRatio1-0]	0.00%	0.00%
Utilisation, allowance account for credit losses of financial assets	$ 194
[custom:CreditLossRatio1-0]	0.10%	0.20%
[custom:CoverageRatio1-0]	4.30%	8.00%
Strong Credit [Member] \| Stage Two [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	$ 45	$ 89
Satisfactory Credit One [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]	$ 804,608
[custom:CreditExposureRatio1-0]	15.60%
Utilisation, allowance account for credit losses of financial assets	$ 71,149	$ 39,089
[custom:CreditLossRatio1-0]	18.20%
[custom:CoverageRatio1-0]	8.80%
Satisfactory Credit One [Member] \| Stage 1 [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]	$ 675,507
[custom:CreditExposureRatio1-0]	84.00%
[custom:CreditLossRatio1-0]	80.30%
[custom:CoverageRatio1-0]		8.50%
Satisfactory Credit One [Member] \| Stage One [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	$ 57,102
Satisfactory Credit One [Member] \| Stage 2 [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]	$ 129,101
[custom:CreditExposureRatio1-0]	16.00%
[custom:CreditLossRatio1-0]	19.70%
[custom:CoverageRatio1-0]		10.90%
Satisfactory Credit One [Member] \| Stage Two [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	$ 14,047
Higher Risk Credit One [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]	$ 601,879
[custom:CreditExposureRatio1-0]	11.60%
Utilisation, allowance account for credit losses of financial assets	$ 279,050	$ 137,824
[custom:CreditLossRatio1-0]	71.40%
[custom:CoverageRatio1-0]	46.40%
Higher Risk Credit One [Member] \| Stage 1 [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]	$ 95,556
[custom:CreditExposureRatio1-0]	15.90%
[custom:CreditLossRatio1-0]	10.70%
[custom:CoverageRatio1-0]	31.20%
Higher Risk Credit One [Member] \| Stage One [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	$ 29,821
Higher Risk Credit One [Member] \| Stage 2 [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]	$ 309,964
[custom:CreditExposureRatio1-0]	51.50%
[custom:CreditLossRatio1-0]	40.20%
[custom:CoverageRatio1-0]	36.20%
Higher Risk Credit One [Member] \| Stage Two [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	$ 112,300
Higher Risk Credit One [Member] \| Stage 3 [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]	$ 196,359
[custom:CreditLossRatio1-0]	49.10%
[custom:CoverageRatio1-0]	69.70%
Higher Risk Credit One [Member] \| Stage 3 Membe [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposureRatio1-0]	32.60%
Higher Risk Credit One [Member] \| Stage Three [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets	$ 136,929
Total [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]	$ 5,162,153
[custom:CreditExposureRatio1-0]	100.00%
Utilisation, allowance account for credit losses of financial assets	$ 390,679
[custom:CreditLossRatio1-0]	100.00%
[custom:CoverageRatio1-0]	7.60%
Satisfactory Credit [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]		$ 320,492
[custom:CreditExposureRatio1-0]		10.30%
Utilisation, allowance account for credit losses of financial assets	$ 47,779	$ 8,416
[custom:CreditLossRatio1-0]		18.00%
[custom:CoverageRatio1-0]		12.20%
Satisfactory Credit [Member] \| Stage 1 [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]		$ 244,979
[custom:CreditExposureRatio1-0]		76.40%
Utilisation, allowance account for credit losses of financial assets	44,797	$ 8,175
[custom:CreditLossRatio1-0]		73.30%
[custom:CoverageRatio1-0]		11.70%
Satisfactory Credit [Member] \| Stage One [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets		$ 28,645
Satisfactory Credit [Member] \| Stage 2 [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]		$ 75,513
[custom:CreditExposureRatio1-0]		23.60%
Utilisation, allowance account for credit losses of financial assets	2,982	$ 241
[custom:CreditLossRatio1-0]		26.70%
[custom:CoverageRatio1-0]		13.80%
Satisfactory Credit [Member] \| Stage Two [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets		$ 10,444
Higher Risk Credit [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]		$ 273,471
[custom:CreditExposureRatio1-0]		8.70%
Utilisation, allowance account for credit losses of financial assets	145,561	$ 16,847
[custom:CreditLossRatio1-0]		63.30%
[custom:CoverageRatio1-0]		50.40%
Higher Risk Credit [Member] \| Stage 1 [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]		$ 31,228
[custom:CreditExposureRatio1-0]		11.40%
Utilisation, allowance account for credit losses of financial assets	20,127	$ 1,418
[custom:CreditLossRatio1-0]		7.30%
[custom:CoverageRatio1-0]		32.40%
Higher Risk Credit [Member] \| Stage One [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets		$ 10,111
Higher Risk Credit [Member] \| Stage 2 [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]		$ 126,043
[custom:CreditExposureRatio1-0]		46.10%
Utilisation, allowance account for credit losses of financial assets	69,759	$ 6,888
[custom:CreditLossRatio1-0]		36.20%
[custom:CoverageRatio1-0]		39.60%
Higher Risk Credit [Member] \| Stage Two [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets		$ 49,858
Higher Risk Credit [Member] \| Stage 3 [Member]
IfrsStatementLineItems [Line Items]
[custom:CreditExposure1-0]		$ 116,200
[custom:CreditExposureRatio1-0]		42.50%
Utilisation, allowance account for credit losses of financial assets	$ 55,675	$ 8,541
[custom:CreditLossRatio1-0]		56.50%
[custom:CoverageRatio1-0]		67.00%
Higher Risk Credit [Member] \| Stage Three [Member]
IfrsStatementLineItems [Line Items]
Utilisation, allowance account for credit losses of financial assets		$ 77,855

Schedule of credit quality clas

Schedule of credit quality classificatio gross (Details)	12 Months Ended
Schedule of credit quality classificatio gross (Details)	Dec. 31, 2021
Stage 1and 2 [Member] \| Grade One [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	<1%
Stage 1and 2 [Member] \| Grade Two [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	1.0% to 5.0%
Stage 1and 2 [Member] \| Grade Three [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	5.0% to 20.0%
Stage 1and 2 [Member] \| Grade Four [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	20.0% to 35.0%
Stage 1and 2 [Member] \| Grade Five [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	>35%
Stage 1 [Member] \| Grade One [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Strong
Stage 1 [Member] \| Grade Two [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Strong
Stage 1 [Member] \| Grade Three [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Satisfactory
Stage 1 [Member] \| Grade Four [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Stage 1 [Member] \| Grade Five [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Stage 2 [Member] \| Grade One [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Strong
Stage 2 [Member] \| Grade Two [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Strong
Stage 2 [Member] \| Grade Three [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Satisfactory
Stage 2 [Member] \| Grade Four [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Stage 2 [Member] \| Grade Five [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Stage 3 [Member] \| Grade Five [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Probability of default	100.00%

Schedule of credity allownace c

Schedule of credity allownace changes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Loss allowance at beginning of year	$ 79,296	$ 68,437	$ 46,688
Transfers from Stage 1 to Stage 2	(10,514)	(4,252)	(6,217)
Transfers from Stage 2 to Stage 1	17,840	27,974	15,397
Transfers to Stage 3	(7,023)	(3,929)	(4,197)
Transfers from Stage 3	151	246	181
Write-offs
Net increase of loss allowance	54,096	6,154	18,902
New originations	94,367	27,727	53,416	[1]
Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes	(41,486)	(9,593)	(31,114)
Changes to models used in calculation	1,215	(11,980)	(3,400)	[2]
Effect of changes in exchange rates (OCI)	(6,488)	(15,334)	(2,317)
Loss allowance at end of the year	127,358	79,296	68,437
Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Loss allowance at beginning of year	60,391	75,531	48,592
Transfers from Stage 1 to Stage 2	10,514	4,252	6,217
Transfers from Stage 2 to Stage 1	(17,840)	(27,974)	(15,397)
Transfers to Stage 3	(13,176)	(11,252)	(12,328)
Transfers from Stage 3	70	129	174
Write-offs
Net increase of loss allowance	92,658	36,643	50,780
New originations	9,547	2,421	9,610	[1]
Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes	81,867	33,474	43,854
Changes to models used in calculation	1,244	748	(2,684)	[2]
Effect of changes in exchange rates (OCI)	(6,225)	(16,938)	(2,507)
Loss allowance at end of the year	126,392	60,391	75,531
Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Loss allowance at beginning of year	77,855	79,929	50,747
Transfers from Stage 1 to Stage 2
Transfers from Stage 2 to Stage 1
Transfers to Stage 3	20,199	15,181	16,525
Transfers from Stage 3	(221)	(375)	(355)
Write-offs	(118,518)	(116,856)	(103,680)
Net increase of loss allowance	164,847	117,973	119,300
New originations	3,979	1,376	1,785	[1]
Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes	160,549	104,248	115,966
Changes to models used in calculation	319	12,349	1,549	[2]
Effect of changes in exchange rates (OCI)	(7,233)	(17,997)	(2,608)
Loss allowance at end of the year	136,929	77,855	79,929
Total [Member]
IfrsStatementLineItems [Line Items]
Loss allowance at beginning of year	217,542	223,897	146,027
Transfers from Stage 1 to Stage 2
Transfers from Stage 2 to Stage 1
Transfers to Stage 3
Transfers from Stage 3
Write-offs	(118,518)	(116,856)	(103,680)
Net increase of loss allowance	311,601	160,770	188,982
New originations	107,893	31,524	64,811	[1]
Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes	200,930	128,129	128,706
Changes to models used in calculation	2,778	1,117	(4,535)	[2]
Effect of changes in exchange rates (OCI)	(19,946)	(50,269)	(7,432)
Loss allowance at end of the year	$ 390,679	$ 217,542	$ 223,897

[1]	Considers all accounts originated from the beginning to the end of the year. ECL effects presented in the table were calculated as if risk parameters at the beginning of the year were applied.
[2]	Relates to methodology changes that occurred during the year, reflecting observed risks extending over a period, according to the Group’s processes of model monitoring.

The following tables present ch

The following tables present changes in the gross carrying amount of the credit card portfolio to help explain their effects to the changes in the loss allowance for the same portfolio as discussed above. “Net change of gross carrying amount” includes acq (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross carrying amount at beginning of year	$ 2,799,999	$ 2,484,556	$ 1,452,751
Transfers from Stage 1 to Stage 2	(168,654)	(79,734)	(131,443)
Transfers from Stage 2 to Stage 1	73,448	162,232	87,250
Transfers to Stage 3	(72,328)	(43,582)	(47,879)
Transfers from Stage 3	156	435	311
Write-offs
Net change of gross carrying amount	2,145,118	839,461	1,203,286
Effect of changes in exchange rates (OCI)	(252,050)	(563,369)	(79,720)
Gross carrying amount at end of the year	4,525,689	2,799,999	2,484,556
Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross carrying amount at beginning of year	202,673	389,734	229,401
Transfers from Stage 1 to Stage 2	168,654	79,734	131,443
Transfers from Stage 2 to Stage 1	(73,448)	(162,232)	(87,250)
Transfers to Stage 3	(41,112)	(49,951)	(45,940)
Transfers from Stage 3	68	226	299
Write-offs
Net change of gross carrying amount	205,148	31,990	174,355
Effect of changes in exchange rates (OCI)	(21,878)	(86,828)	(12,574)
Gross carrying amount at end of the year	440,105	202,673	389,734
Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Gross carrying amount at beginning of year	116,200	136,131	87,702
Transfers from Stage 1 to Stage 2
Transfers from Stage 2 to Stage 1
Transfers to Stage 3	113,440	93,533	93,819
Transfers from Stage 3	(224)	(661)	(610)
Write-offs	(120,071)	(116,856)	(103,680)
Net change of gross carrying amount	97,356	34,640	63,291
Effect of changes in exchange rates (OCI)	(10,342)	(30,587)	(4,391)
Gross carrying amount at end of the year	196,359	116,200	136,131
Total [Member]
IfrsStatementLineItems [Line Items]
Gross carrying amount at beginning of year	3,118,872	3,010,421	1,769,854
Transfers from Stage 1 to Stage 2
Transfers from Stage 2 to Stage 1
Transfers to Stage 3
Transfers from Stage 3
Write-offs	(120,071)	(116,856)	(103,680)
Net change of gross carrying amount	2,447,622	906,091	1,440,932
Effect of changes in exchange rates (OCI)	(284,270)	(680,784)	(96,685)
Gross carrying amount at end of the year	$ 5,162,153	$ 3,118,872	$ 3,010,421

Breakdown of receivables (Detai

Breakdown of receivables (Details) - USD ($) $ in Thousands	12 Months Ended
Breakdown of receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Loans To Customers
Lending to individuals	$ 1,392,350	$ 200,904
Loan ECL allowance	(197,536)	(26,210)
Total	$ 1,194,814	$ 174,694

The tables below show the credi

The tables below show the credit loss allowance by stages as of December 31, 2021, and 2020. (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 1,392,350	$ 200,904
Percentage of credit exposure	100.00%	100.00%
Loss Allowance	$ 197,536	$ 26,210
Percentage of loss allowance	100.00%	100.00%
Coverage Ratio	14.20%	13.00%
Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 1,129,522	$ 168,744
Percentage of credit exposure	81.10%	84.00%
Loss Allowance	$ 68,926	$ 10,532
Percentage of loss allowance	34.90%	40.20%
Coverage Ratio	6.10%	6.20%
Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 200,040	$ 22,634
Percentage of credit exposure	14.40%	11.30%
Loss Allowance	$ 72,935	$ 7,136
Percentage of loss allowance	36.90%	27.20%
Coverage Ratio	36.50%	31.50%
Absolute Trigger Days Late [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 39,510	$ 3,819
Percentage of credit exposure	19.80%	16.90%
Loss Allowance	$ 31,615	$ 2,873
Percentage of loss allowance	43.30%	40.30%
Coverage Ratio	80.00%	75.20%
Absolute Trigger Days Late Member Relativet Trigger P D Deterioration [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 160,530
Percentage of credit exposure	80.20%
Loss Allowance	$ 41,320
Percentage of loss allowance	56.70%
Coverage Ratio	25.70%
Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 62,788	$ 9,526
Percentage of credit exposure	4.50%	4.70%
Loss Allowance	$ 55,675	$ 8,542
Percentage of loss allowance	28.20%	32.60%
Coverage Ratio	88.70%	89.70%
Total [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures	$ 1,392,350
Percentage of credit exposure	100.00%
Loss Allowance	$ 197,536
Percentage of loss allowance	100.00%
Coverage Ratio	14.20%
Relative Trigger P D Deterioration [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures		$ 18,815
Percentage of credit exposure		83.10%
Loss Allowance		$ 4,263
Percentage of loss allowance		59.70%
Coverage Ratio		22.70%
Total Two [Member]
IfrsStatementLineItems [Line Items]
Gross Exposures		$ 200,904
Percentage of credit exposure		100.00%
Loss Allowance		$ 26,210
Percentage of loss allowance		100.00%
Coverage Ratio		13.00%

d) Credit loss allowance - by c

d) Credit loss allowance - by credit quality vs stages (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 1,392,350	$ 200,904
[custom:CreditExposureRatio-0]	100.00%	100.00%
Loss Allowance	$ 197,536	$ 26,210
[custom:CreditLossRatio-0]	100.00%	100.00%
Coverage Ratio	14.20%	13.00%
Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 1,129,522	$ 168,744
[custom:CreditExposureRatio-0]	81.10%	84.00%
Loss Allowance	$ 68,926	$ 10,532
[custom:CreditLossRatio-0]	34.90%	40.20%
Coverage Ratio	6.10%	6.20%
Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 200,040	$ 22,634
[custom:CreditExposureRatio-0]	14.40%	11.30%
Loss Allowance	$ 72,935	$ 7,136
[custom:CreditLossRatio-0]	36.90%	27.20%
Coverage Ratio	36.50%	31.50%
Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 62,788	$ 9,526
[custom:CreditExposureRatio-0]	4.50%	4.70%
Loss Allowance	$ 55,675	$ 8,542
[custom:CreditLossRatio-0]	28.20%	32.60%
Coverage Ratio	88.70%	89.70%
Strong Credit [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 424,161	$ 34,241
[custom:CreditExposureRatio-0]	30.50%
Loss Allowance	$ 4,196	40,629
[custom:CreditLossRatio-0]	2.10%
Coverage Ratio	1.00%
Strong Credit [Member] \| Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 409,899
[custom:CreditExposureRatio-0]	96.60%
Loss Allowance	$ 4,002
[custom:CreditLossRatio-0]	95.40%
Coverage Ratio	1.00%
Strong Credit [Member] \| Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 14,262
[custom:CreditExposureRatio-0]	3.40%
Loss Allowance	$ 194
[custom:CreditLossRatio-0]	4.60%
Coverage Ratio	1.40%
Satisfactory Credit [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 700,164	$ 99,909
[custom:CreditExposureRatio-0]	50.30%	49.70%
Loss Allowance	$ 47,779	$ 8,416
[custom:CreditLossRatio-0]	24.20%	32.10%
Coverage Ratio	6.80%	8.40%
Satisfactory Credit [Member] \| Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 656,647	$ 97,421
[custom:CreditExposureRatio-0]	93.80%	97.50%
Loss Allowance	$ 44,797	$ 8,175
[custom:CreditLossRatio-0]	93.80%	97.10%
Coverage Ratio	6.80%	8.40%
Satisfactory Credit [Member] \| Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 43,517	$ 2,488
[custom:CreditExposureRatio-0]	6.20%	2.50%
Loss Allowance	$ 2,982	$ 241
[custom:CreditLossRatio-0]	6.20%	2.90%
Coverage Ratio	6.90%	9.70%
Higher Risk Credit [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 268,025
[custom:CreditExposureRatio-0]	19.20%	17.10%
Loss Allowance	$ 145,561	$ 16,847
[custom:CreditLossRatio-0]	73.70%	64.30%
Coverage Ratio	54.30%	49.20%
Higher Risk Credit [Member] \| Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 62,976	$ 4,716
[custom:CreditExposureRatio-0]	23.50%	13.80%
Loss Allowance	$ 20,127	$ 1,418
[custom:CreditLossRatio-0]	13.80%	8.40%
Coverage Ratio	32.00%	30.10%
Higher Risk Credit [Member] \| Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 142,261	$ 19,998
[custom:CreditExposureRatio-0]	53.10%	58.40%
Loss Allowance	$ 69,759	$ 6,888
[custom:CreditLossRatio-0]	47.90%	40.90%
Coverage Ratio	49.00%	34.40%
Higher Risk Credit [Member] \| Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure	$ 62,788	$ 9,527
[custom:CreditExposureRatio-0]	23.40%	27.80%
Loss Allowance	$ 55,675	$ 8,541
[custom:CreditLossRatio-0]	38.30%	50.70%
Coverage Ratio	88.70%	89.70%
Strong Credit One [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure		$ 66,754
[custom:CreditExposureRatio-0]		33.20%
Loss Allowance	$ 40,480	$ 947
[custom:CreditLossRatio-0]		3.60%
Coverage Ratio		1.40%
Strong Credit One [Member] \| Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure		$ 66,607
[custom:CreditExposureRatio-0]		99.80%
Loss Allowance		$ 939
[custom:CreditLossRatio-0]		99.20%
Coverage Ratio		1.40%
Strong Credit One [Member] \| Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross Exposure		$ 147
[custom:CreditExposureRatio-0]		0.20%
Loss Allowance		$ 8
[custom:CreditLossRatio-0]		0.80%
Coverage Ratio		5.40%

Schedule of Credit Quality Cl_2

Schedule of Credit Quality Classification (Details) Pure in Thousands	12 Months Ended
	Dec. 31, 2021
Stage 1and 2 [Member] \| Grade 1 [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	<1%
Stage 1and 2 [Member] \| Grade 2 [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	1.0% to 5.0%
Stage 1and 2 [Member] \| Grade 3 [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	5.0% to 20.0%
Stage 1and 2 [Member] \| Grade 4 [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	20.0% to 35.0%
Stage 1and 2 [Member] \| Grade 5 [Member]
IfrsStatementLineItems [Line Items]
Description of probability default	>35%
Stage 1 [Member] \| Grade One [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Strong
Stage 1 [Member] \| Grade Two [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Strong
Stage 1 [Member] \| Grade Three [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Satisfactory
Stage 1 [Member] \| Grade Four [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Stage 1 [Member] \| Grade Five [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Stage 2 [Member] \| Grade One [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Strong
Stage 2 [Member] \| Grade Two [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Strong
Stage 2 [Member] \| Grade Three [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Satisfactory
Stage 2 [Member] \| Grade Four [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Stage 2 [Member] \| Grade Five [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Stage 3 [Member] \| Grade Five [Member]
IfrsStatementLineItems [Line Items]
Credit quality description	Higher Risk
Probability of default	100.00%

Schedule of credit allowance (D

Schedule of credit allowance (Details) - Credit Allowance Changes [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019
Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Loss allowance at beginning of year	$ 10,532		$ 1,300
Transfers from Stage 1 to Stage 2	(780)		(54)
Transfers from Stage 2 to Stage 1	685		346
Transfers to Stage 3	(1,212)		(164)
Transfers from Stage 3	16
Write-offs
Net increase of loss allowance	62,363		9,462		1,299
New originations (a)	159,299	[1]	19,354	[1]	1,299
Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes	(93,269)		(11,118)
Changes to models used in calculation (b)	(3,667)	[2]	1,226
Effect of changes in exchange rates (OCI)	(2,678)		(358)		1
Loss allowance at end of the year	68,926		10,532		1,300
Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Loss allowance at beginning of year	7,136		2,072
Transfers from Stage 1 to Stage 2	780		54
Transfers from Stage 2 to Stage 1	(685)		(346)
Transfers to Stage 3	(904)		(176)
Transfers from Stage 3	142		6
Write-offs
Net increase of loss allowance	69,152		6,030		2,070
New originations (a)	28,281	[1]	2,600	[1]	2,070
Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes	35,759		3,038
Changes to models used in calculation (b)	5,112	[2]	392
Effect of changes in exchange rates (OCI)	(2,686)		(504)		2
Loss allowance at end of the year	72,935		7,136		2,072
Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Loss allowance at beginning of year	8,542		1,618
Transfers from Stage 1 to Stage 2
Transfers from Stage 2 to Stage 1
Transfers to Stage 3	2,116		340
Transfers from Stage 3	(158)		(6)
Write-offs	(13,223)		(4,525)
Net increase of loss allowance	60,563		11,528		1,616
New originations (a)	6,237	[1]	716	[1]	1,616
Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes	54,297		10,609
Changes to models used in calculation (b)	29	[2]	203
Effect of changes in exchange rates (OCI)	(2,165)		(413)		2
Loss allowance at end of the year	55,675		8,542		1,618
Total [Member]
IfrsStatementLineItems [Line Items]
Loss allowance at beginning of year	26,210		4,990
Transfers from Stage 1 to Stage 2
Transfers from Stage 2 to Stage 1
Transfers to Stage 3
Transfers from Stage 3
Write-offs	(13,223)		(4,525)
Net increase of loss allowance	192,078		27,020		4,985
New originations (a)	193,817	[1]	22,670	[1]	4,985
Net drawdowns, repayments, net remeasurement and movements due to exposure and risk changes	(3,213)		2,529
Changes to models used in calculation (b)	1,474	[2]	1,821
Effect of changes in exchange rates (OCI)	(7,529)		(1,275)		5
Loss allowance at end of the year	$ 197,536		$ 26,210		$ 4,990

[1]	Considers all accounts originated from the beginning to the end of the year. ECL effects presented in the table were calculated as if risk parameters at the beginning of the year were applied.
[2]	Relates to methodology changes that occurred during the year, reflecting observed risks extending over a period, according to the Group’s processes of model monitoring.

Schedule of Net increase of gro

Schedule of Net increase of gross carrying amount includes the principal issuances net of payments or interest recognized net of payment (Details) - Credit Allowance Changes [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Stage 1 [Member]
IfrsStatementLineItems [Line Items]
Gross carrying amount at beginning of year	$ 168,744	$ 44,513
Transfers from Stage 1 to Stage 2	(8,535)	(1,951)
Transfers from Stage 2 to Stage 1	3,279	2,621
Transfers to Stage 3	(11,069)	(2,997)
Transfers from Stage 3	18
Write-offs
Net increase of gross carrying amount	1,020,838	137,483	45,486
Effect of changes in exchange rates (OCI)	(43,753)	(10,925)	(973)
Gross carrying amount at end of the year	1,129,522	168,744	44,513
Stage 2 [Member]
IfrsStatementLineItems [Line Items]
Gross carrying amount at beginning of year	22,634	16,335
Transfers from Stage 1 to Stage 2	8,535	1,951
Transfers from Stage 2 to Stage 1	(3,279)	(2,621)
Transfers to Stage 3	(3,324)	(1,314)
Transfers from Stage 3	160	8
Write-offs
Net increase of gross carrying amount	182,800	12,013	16,692
Effect of changes in exchange rates (OCI)	(7,486)	(3,738)	(357)
Gross carrying amount at end of the year	200,040	22,634	16,335
Stage 3 [Member]
IfrsStatementLineItems [Line Items]
Gross carrying amount at beginning of year	9,526	2,166
Transfers from Stage 1 to Stage 2
Transfers from Stage 2 to Stage 1
Transfers to Stage 3	14,393	4,311
Transfers from Stage 3	(178)	(8)
Write-offs	(14,676)	(4,525)
Net increase of gross carrying amount	56,160	8,123	2,213
Effect of changes in exchange rates (OCI)	(2,437)	(541)	(47)
Gross carrying amount at end of the year	62,788	9,526	2,166
Total [Member]
IfrsStatementLineItems [Line Items]
Gross carrying amount at beginning of year	200,904	63,014
Transfers from Stage 1 to Stage 2
Transfers from Stage 2 to Stage 1
Transfers to Stage 3
Transfers from Stage 3
Write-offs	(14,676)	(4,525)
Net increase of gross carrying amount	1,259,798	157,619	64,391
Effect of changes in exchange rates (OCI)	(53,676)	(15,204)	(1,377)
Gross carrying amount at end of the year	$ 1,392,350	$ 200,904	$ 63,014

Loans to customers (Details Nar

Loans to customers (Details Narrative) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Loans To Customers
Post-Model Adjustments	$ 1,929	$ 2,307

Schedule of Other Assets (Detai

Schedule of Other Assets (Details) - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Deferred expenses	[1]	$ 76,183	$ 24,953
Taxes recoverable		71,865	31,702
Advances to suppliers and employees		23,958	10,192
Prepaid expenses		15,958	8,301
Judicial deposits (note 21)		17,480	16,440
Other assets		77,820	31,907
Total		$ 283,264	$ 123,495

[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.

The derivative contracts are co

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 forecast transactions related to the cloud infrastructure and certain software licenses used by N (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Financial liabilities		$ 60,126
Derivative Financial Instruments Purchase Commitments [Member]
IfrsStatementLineItems [Line Items]
Financial assets, at fair value	$ 101,318
Financial liabilities	(87,278)	(75,304)
Derivative Financial Instruments Sale Commitments [Member] \| Derivative Instruments Foreign Currency [Member]
IfrsStatementLineItems [Line Items]
Notional amount	4,022,577	3,084,683
Futures contract [member] \| Derivative Financial Instruments Purchase Commitments [Member]
IfrsStatementLineItems [Line Items]
Notional amount	3,671,709	2,964,368
Financial assets, at fair value	10	5
Futures contract [member] \| Derivative Financial Instruments Purchase Commitments [Member] \| Derivative Instruments Foreign Currency [Member]
IfrsStatementLineItems [Line Items]
Notional amount	116,075	65,961
Financial assets, at fair value		27
Financial liabilities	(135)	(217)
Financial Liabilities	(3,899)
Futures contract [member] \| Derivative Financial Instruments Purchase Commitments [Member] \| Derivative Instruments Foreign Currency One [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities		(145)
Futures contract [member] \| Derivative Financial Instruments Sale Commitments [Member] \| Derivative Instruments Foreign Currency [Member]
IfrsStatementLineItems [Line Items]
Notional amount	77,115
Futures contract [member] \| Derivative Financial Instruments Sale Commitments [Member] \| Derivative Instruments Foreign Currency One [Member]
IfrsStatementLineItems [Line Items]
Notional amount		44,140
Option contract [member] \| Derivative Financial Instruments Purchase Commitments [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities	(462)	(2,421)
Forward contract [member] \| Derivative Financial Instruments Purchase Commitments [Member] \| Derivative Instruments Foreign Currency [Member]
IfrsStatementLineItems [Line Items]
Notional amount	83,155
Financial assets, at fair value	81,528	48
Financial liabilities	(82,775)
Warrents [Member] \| Derivative Financial Instruments Purchase Commitments [Member] \| Derivative Instruments Foreign Currency [Member]
IfrsStatementLineItems [Line Items]
Notional amount	65,000
Financial assets, at fair value	19,756
Financial liabilities
Interest rate swap contract [member] \| Derivative Financial Instruments Purchase Commitments [Member]
IfrsStatementLineItems [Line Items]
Financial assets, at fair value	24	80
Financial liabilities	(7)	(72,521)
Interest rate swap contract [member] \| Derivative Financial Instruments Purchase Commitments [Member] \| Derivative Instruments Foreign Currency [Member]
IfrsStatementLineItems [Line Items]
Notional amount		$ 10,214
Interest rate swap contract [member] \| Derivative Financial Instruments Sale Commitments [Member] \| Derivative Instruments Foreign Currency [Member]
IfrsStatementLineItems [Line Items]
Notional amount	$ 9,523

The table below shows the break

The table below shows the breakdown by maturity of the notional amounts: (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Interest rate contracts - Future	$ 799,828
Exchange rate contracts - Future	116,074
Forward contracts	83,155
Warrants	65,000
Total assets	1,064,057	$ 625,018
Interest rate contracts - Future	2,871,882
Exchange rate contracts - Future	77,115
Interest rate contracts - Swap	9,523
Total liabilities	2,958,520	2,459,665
Total	4,022,577
Interest rate contracts - Future		514,917
Exchange rate contracts - Future	27	110,101
Interest rate contracts - Future	(462)	2,449,451
Exchange rate contracts - Future	(4,034)	10,214
Total		3,084,683
Later than one month and not later than three months [member]
IfrsStatementLineItems [Line Items]
Interest rate contracts - Future	775,002
Exchange rate contracts - Future	116,074
Forward contracts	83,155
Warrants
Total assets	974,231	478,149
Interest rate contracts - Future	1,668,284
Exchange rate contracts - Future	77,115
Interest rate contracts - Swap
Total liabilities	1,745,399	39,393
Total	2,719,630
Interest rate contracts - Future		368,048
Exchange rate contracts - Future		110,101
Interest rate contracts - Future		39,393
Exchange rate contracts - Future
Total		517,542
Later than three months and not later than one year [member]
IfrsStatementLineItems [Line Items]
Interest rate contracts - Future	24,755
Exchange rate contracts - Future
Forward contracts
Warrants
Total assets	24,755	143,381
Interest rate contracts - Future	864,989
Exchange rate contracts - Future
Interest rate contracts - Swap
Total liabilities	864,989	242,931
Total	889,744
Interest rate contracts - Future		143,381
Exchange rate contracts - Future
Interest rate contracts - Future		242,931
Exchange rate contracts - Future
Total		386,312
Later than one year [member]
IfrsStatementLineItems [Line Items]
Interest rate contracts - Future	71
Exchange rate contracts - Future
Forward contracts
Warrants	65,000
Total assets	65,071	3,488
Interest rate contracts - Future	338,609
Exchange rate contracts - Future
Interest rate contracts - Swap	9,523
Total liabilities	348,132	2,177,341
Total	413,203
Interest rate contracts - Future		3,488
Exchange rate contracts - Future
Interest rate contracts - Future	(393)	2,167,127
Exchange rate contracts - Future		10,214
Total		$ 2,180,829

The table below shows the bre_2

The table below shows the breakdown by maturity of the fair value amounts: (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Interest rate contracts - Future	$ 10
Exchange rate contracts - Future	24
Forward contracts	81,528
Warrants	19,756
Interest rate contracts - Future	(462)	$ 2,449,451
Exchange rate contracts - Future	(4,034)	10,214
Interest rate contracts - Swap	(7)
Forward contracts	(82,775)
Total	14,040
Interest rate contracts - Future	5
Exchange rate contracts - Future	27	110,101
Interest rate contracts - Swap	48
Interest rate contracts - Future	(2,421)
Exchange rate contracts - Future	(362)
Total	(2,703)
Not later than one year [member]
IfrsStatementLineItems [Line Items]
Interest rate contracts - Future	2
Exchange rate contracts - Future	24
Forward contracts	81,528
Warrants
Interest rate contracts - Future	(69)
Exchange rate contracts - Future	(4,034)
Interest rate contracts - Swap
Forward contracts	(82,775)
Total	(5,324)
Interest rate contracts - Future	1
Exchange rate contracts - Future	27
Interest rate contracts - Swap	48
Interest rate contracts - Future	(54)
Exchange rate contracts - Future	(362)
Total	(340)
Later than one year [member]
IfrsStatementLineItems [Line Items]
Interest rate contracts - Future	8
Exchange rate contracts - Future
Forward contracts
Warrants	19,756
Interest rate contracts - Future	(393)	2,167,127
Exchange rate contracts - Future		10,214
Interest rate contracts - Swap	(7)
Forward contracts
Total	19,364
Interest rate contracts - Future	4
Exchange rate contracts - Future
Interest rate contracts - Swap
Interest rate contracts - Future	(2,367)
Exchange rate contracts - Future
Total	$ (2,363)

Schedule Of Forecast And Actual

Schedule Of Forecast And Actual Payment Of Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Balance at beginning of the year	$ 49	$ 1
Fair value change recognized in OCI during the year	2,705	8,302	1,491
Total amount reclassified from cash flow hedge reserve to income statement during the year	(242)	(8,223)	(1,489)
to "Customer support and operation"	(91)	(5,480)	(943)
to "General and administrative expenses"	(136)	(4,925)	(597)
Effect of changes in exchange rates (OCI)	(15)	2,182	51
Deferred income taxes	(1,025)	(31)	(1)
Balance at end of the year	$ 1,487	$ 49	$ 1

Schedule Of Material Future Tra

Schedule Of Material Future Transactions (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Expected foreign currency transactions	$ 78,401	$ 46,399
Total	78,401	$ 46,399
Later than one month and not later than three months [member]
IfrsStatementLineItems [Line Items]
Expected foreign currency transactions	24,564
Total	24,564
Later than three months and not later than one year [member]
IfrsStatementLineItems [Line Items]
Expected foreign currency transactions	53,837
Total	$ 53,837

Derivative financial instrume_3

Derivative financial instruments (Details Narrative)	12 Months Ended
Derivative financial instruments (Details Narrative)	Dec. 31, 2021USD ($)
Equity Interest	770.00%
[custom:InvestmentInSecuritizationVehicles-0]	$ 130,000
Fair Value Of Warrants	$ 19,756

Schedule of financial liability

Schedule of financial liability at fair value (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial liabilities at fair value through profit or loss
Instruments eligible as capital	$ 12,056	$ 15,492
Total	$ 12,056	$ 15,492

Schedule of fair value changes

Schedule of fair value changes and interest (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Instruments Eligible As Capital
Balance at beginning of the year	$ 15,492	$ 22,084
New issuances			$ 18,824
Interest accrued	2,137	1,689	1,306
Fair value changes	(5,717)	(3,673)	2,185
Own credit transferred to OCI	1,051	219	249
Effect of changes in exchange rates (OCI)	(907)	(4,827)	(480)
Balance at end of the year	$ 12,056	$ 15,492	$ 22,084

Instruments eligible as capit_3

Instruments eligible as capital (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2019
Instruments Eligible As Capital
Issuance amount				$ 18,824,000
Fixed interest rate	12.80%
Changes in fair value	$ 1,051	$ 219	$ 249
Fair value changes and interests	$ 3,580	$ 1,984	$ 3,491

Schedule of deposits (Details)

Schedule of deposits (Details) - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Reserve Quantities [Line Items]
Total		$ 9,667,300	$ 5,584,862
Time deposits		19,181	19,513
Other deposits		509
Deposits by customers		9,667,300	5,584,862
Other deposits		509
Later than six months and not later than one year [member]
Reserve Quantities [Line Items]
Time deposits		19,181
Deposits by customers		9,602,547	5,535,536
Other deposits		509
Later than one year [member]
Reserve Quantities [Line Items]
Time deposits			19,513
Other deposits		0
Deposits by customers		64,753	49,326
Other deposits
R D B [Member]
Reserve Quantities [Line Items]
Total	[1]	7,728,108	4,445,705
Deposits by customers		7,728,108	4,445,705
R D B [Member] \| Later than six months and not later than one year [member]
Reserve Quantities [Line Items]
Deposits by customers		7,663,355	4,415,892
R D B [Member] \| Later than one year [member]
Reserve Quantities [Line Items]
Deposits by customers		64,753	29,813
Deposits In Electronic Money [Member]
Reserve Quantities [Line Items]
Total	[1]	1,887,945	1,029,284
Deposits by customers		1,887,945	1,029,284
Deposits In Electronic Money [Member] \| Later than six months and not later than one year [member]
Reserve Quantities [Line Items]
Deposits by customers		1,887,945	1,029,284
Deposits In Electronic Money [Member] \| Later than one year [member]
Reserve Quantities [Line Items]
Deposits by customers
R D B V [Member]
Reserve Quantities [Line Items]
Total	[1]	31,557	90,360
Deposits by customers		31,557	90,360
R D B V [Member] \| Later than six months and not later than one year [member]
Reserve Quantities [Line Items]
Deposits by customers		31,557	$ 90,360
R D B V [Member] \| Later than one year [member]
Reserve Quantities [Line Items]
Deposits by customers

[1]	In June 2019, Nu Financeira's RDB was launched as an investment option in “NuConta''. Unlike the deposits in electronic money, Nu can use the resources from RDB’s deposits in other operations and as funding for the lending and credit card operations. RDB’s deposits 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 November 2019, Nu Financeira launched another type of RDB, the Linked Bank Receipt of Deposit (“RDB-V”), which has the same remuneration characteristics and daily liquidity as RDB.

Financial liabilities at amor_7

Financial liabilities at amortized cost – deposits (Details Narrative) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
C D I [Member]
Reserve Quantities [Line Items]
Redemption term		3 months	36 months
Remuneration rate		102.00%	126.00%
Brazilian D I [Member]
Reserve Quantities [Line Items]
[custom:TimeDepositInstrument]	$ 19,000
Brazilian D I [Member] \| Brazil, Brazil Real
Reserve Quantities [Line Items]
[custom:TimeDepositInstrument1]	$ 100,000

Schedule of credit card payment

Schedule of credit card payment (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Financial Liabilities At Amortized Cost Payables To Credit Card Network
Payables to credit card network	[1]	$ 4,882,159	$ 3,329,879
Payables to clearing houses			1,379
Total		$ 4,882,159	$ 3,331,258

[1]	Corresponds to the amount payable to the Mastercard brand 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”) have monthly settlements over a period of up to 12 months. For Mexican and Colombian operations, the amounts are settled in 1 business day. The segregation of the settlement is shown in the table below:

Schedule of payable to credit c

Schedule of payable to credit card network (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Payable to credit card	$ 4,882,159	$ 3,331,258
[custom:OtherPayablesNew-0]	4,882,159	3,329,879
Not later than one month [member]
IfrsStatementLineItems [Line Items]
Payable to credit card	2,518,437	1,703,826
Later than one month and not later than three months [member]
IfrsStatementLineItems [Line Items]
Payable to credit card	1,205,765	885,367
Later Than Three Month [Member]
IfrsStatementLineItems [Line Items]
Payable to credit card	$ 1,157,957	$ 740,686

Financial liabilities at amor_8

Financial liabilities at amortized cost – payables to credit card network (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financial Liabilities At Amortized Cost Payables To Credit Card Network
Fair value	$ 1,052	$ 90,761
Average remuneration rate	0.20%	0.34%

Financial liabilities at amor_9

Financial liabilities at amortized cost (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial Liabilities At Amortized Cost Borrowing Financing And Securitized Borrowings
Borrowings sand financing	$ 147,243	$ 97,454
Securitized borrowings	10,011	79,742
Total	$ 157,254	$ 177,196

Borrowings and financings matur

Borrowings and financings maturities are as follows: (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Bills of exchange	$ 10,400	$ 17,684
Term loan credit facility	136,843	2,908,907
Total borrowings and financings	147,243	97,454
Financial letter		60,126
[custom:LoansAndReceivables1-0]	4,780,520	19,644
Not later than three months [member]
IfrsStatementLineItems [Line Items]
Bills of exchange	7,728	5,620
Term loan credit facility	3,064
Total borrowings and financings	10,792	5,620
Later than three months and not later than one year [member]
IfrsStatementLineItems [Line Items]
Bills of exchange	2,672	1,588
Term loan credit facility	10,113
Total borrowings and financings	12,785	61,968
Financial letter		60,126
[custom:LoansAndReceivables1-0]		254
Later than one year [member]
IfrsStatementLineItems [Line Items]
Bills of exchange		10,476
Term loan credit facility	123,666
Total borrowings and financings	$ 123,666	29,866
[custom:LoansAndReceivables1-0]		$ 19,390

Changes to borrowings and finan

Changes to borrowings and financings are as follows: (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
IfrsStatementLineItems [Line Items]
Borrowing at beginning	$ 147,243	$ 97,454	$ 133,401	$ 50,699
Net borrowings	116,349	17,974	160,577
[custom:BorrowingsPaymentsPrincipal-0]	(60,523)	(27,893)	(78,185)
[custom:BorrowingsPaymentsOfInterest-0]	(7,056)	(1,348)	(2,654)
Interest accrued	6,225		6,771
Effect of changes in exchange rates (OCI)	(5,206)	(28,365)	(3,807)
[custom:InterestAccruedOther-0]		3,685
Financial Letter [Member]
IfrsStatementLineItems [Line Items]
Borrowing at beginning		60,126	77,061
Net borrowings			76,061
[custom:BorrowingsPaymentsPrincipal-0]	(54,151)	(1,508)
[custom:BorrowingsPaymentsOfInterest-0]	(4,548)	(45)
Interest accrued	776		2,684
Effect of changes in exchange rates (OCI)	(2,203)	(17,318)	(1,684)
[custom:InterestAccruedOther-0]		1,936
Bill Of Exchange [Member]
IfrsStatementLineItems [Line Items]
Borrowing at beginning	10,400	17,684
Net borrowings		21,132
[custom:BorrowingsPaymentsPrincipal-0]	(6,372)	(237)
[custom:BorrowingsPaymentsOfInterest-0]	(600)	(24)
Interest accrued	683	1,201
Effect of changes in exchange rates (OCI)	(995)	(489)
[custom:InterestAccruedOther-0]		770
Term Loan Credit Facility [Member]
IfrsStatementLineItems [Line Items]
Borrowing at beginning	136,843	19,644	22,157	313
Net borrowings	116,349	17,974
[custom:BorrowingsPaymentsOfInterest-0]	(1,908)
Interest accrued	4,766
Effect of changes in exchange rates (OCI)	$ (2,008)	1,434
[custom:InterestAccruedOther-0]		236
Bank Credit Bill [Member]
IfrsStatementLineItems [Line Items]
Borrowing at beginning			34,183	$ 50,386
Net borrowings			63,384
[custom:BorrowingsPaymentsPrincipal-0]		(26,148)	(78,185)
[custom:BorrowingsPaymentsOfInterest-0]		(1,279)	(2,654)
Interest accrued			2,886
Effect of changes in exchange rates (OCI)		(7,499)	$ (1,634)
[custom:InterestAccruedOther-0]		$ 743

Securitized borrowings maturiti

Securitized borrowings maturities are as follows: (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Bank borrowings, undiscounted cash flows	$ 10,011	$ 79,742
Third Series [Member]
IfrsStatementLineItems [Line Items]
Bank borrowings, undiscounted cash flows	10,011	74,905
Second Series [Member]
IfrsStatementLineItems [Line Items]
Bank borrowings, undiscounted cash flows		4,837
Not later than three months [member]
IfrsStatementLineItems [Line Items]
Bank borrowings, undiscounted cash flows	10,011	17,342
Not later than three months [member] \| Third Series [Member]
IfrsStatementLineItems [Line Items]
Bank borrowings, undiscounted cash flows	$ 10,011	16,128
Not later than three months [member] \| Second Series [Member]
IfrsStatementLineItems [Line Items]
Bank borrowings, undiscounted cash flows		1,214
Later than three months and not later than one year [member]
IfrsStatementLineItems [Line Items]
Bank borrowings, undiscounted cash flows		51,714
Later than three months and not later than one year [member] \| Third Series [Member]
IfrsStatementLineItems [Line Items]
Bank borrowings, undiscounted cash flows		48,091
Later than three months and not later than one year [member] \| Second Series [Member]
IfrsStatementLineItems [Line Items]
Bank borrowings, undiscounted cash flows		3,623
Later than one year [member]
IfrsStatementLineItems [Line Items]
Bank borrowings, undiscounted cash flows		10,686
Later than one year [member] \| Third Series [Member]
IfrsStatementLineItems [Line Items]
Bank borrowings, undiscounted cash flows		$ 10,686

Changes to securitized borrowin

Changes to securitized borrowings are as follows: (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financial Liabilities At Amortized Cost Borrowing Financing And Securitized Borrowings
Balance at beginning of the year	$ 79,742	$ 169,925	$ 64,715
New borrowings			126,768
Interest accrued	1,904	4,633	11,846
Payments – principal	(66,403)	(52,172)	(16,835)
Payments – interest	(1,976)	(4,819)	(11,717)
Effect of changes in exchange rates (OCI)	(3,256)	(37,825)	(4,852)
Balance at end of the year	$ 10,011	$ 79,742	$ 169,925

Financial liabilities at amo_10

Financial liabilities at amortized cost – borrowing, financing and securitized borrowings (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financial Liabilities At Amortized Cost Borrowing Financing And Securitized Borrowings
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 6.3% per annum (Mexican Interbanking Equilibrium Interest Rate (“TIIE”) + 1.40%) 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 6.1% to 6.9% per annum (TIIE + 1.0% and TIIE + 1.45%, respectively). The maturity dates are November 2022 and July 2024.
Description of borrowings	Goldman Sachs in the amount equivalent to US$25,000 on the issuance dates, with interest equivalent to 6.1% per annum (TIIE + 1.18%) and maturity date in January 2024.
Description of securitized borrowings	Securitized borrowings correspond to senior quotas issued by FIDC Nu, with maturity dates until February 2022 and interest rates of Brazilian CDI + 4% for 2 nd rd st nd
Receivables	$ 10,421	$ 56,989

Schedule of Provision for judic

Schedule of Provision for judicial and administrative proceedings (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
IfrsStatementLineItems [Line Items]
Legal proceedings provision	$ 18,082	$ 16,469
Provision For Tax [Member]
IfrsStatementLineItems [Line Items]
Legal proceedings provision	17,081	15,995	$ 20,631	$ 14,067
Provision For Civil [Member]
IfrsStatementLineItems [Line Items]
Legal proceedings provision	980	470	300	209
Provision For Labor [Member]
IfrsStatementLineItems [Line Items]
Legal proceedings provision	$ 21	$ 4	$ 21

Changes to provision for lawsui

Changes to provision for lawsuits and administrative proceedings are as follows: (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
IfrsStatementLineItems [Line Items]
Balance at beginning of the year	$ 16,469
Balance at end of the year	18,082	$ 16,469
Provision For Tax [Member]
IfrsStatementLineItems [Line Items]
Balance at beginning of the year	15,995	20,631	$ 14,067
Additions	2,240		7,263
Payments / Reversals
Effect of changes in exchange rates (OCI)	(1,154)	(4,636)	(699)
Balance at end of the year	17,081	15,995	20,631
Provision For Civil [Member]
IfrsStatementLineItems [Line Items]
Balance at beginning of the year	470	300	209
Additions	2,204	1,472	743
Payments / Reversals	(1,644)	(1,234)	(641)
Effect of changes in exchange rates (OCI)	(50)	(68)	(11)
Balance at end of the year	980	470	300
Provision For Labor [Member]
IfrsStatementLineItems [Line Items]
Balance at beginning of the year	4	21
Additions	18	2	21
Payments / Reversals		(13)
Effect of changes in exchange rates (OCI)	(1)	(6)
Balance at end of the year	$ 21	$ 4	$ 21

Provision for lawsuits and ad_3

Provision for lawsuits and administrative proceedings (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
IfrsStatementLineItems [Line Items]
Legal proceedings provision	$ 18,082,000	$ 16,469,000
Provision For Civil [Member]
IfrsStatementLineItems [Line Items]
[custom:LegalProceedingsProvision1-0]	980	470
Legal proceedings provision	980,000	470,000	$ 300,000	$ 209,000
Provision For Tax [Member]
IfrsStatementLineItems [Line Items]
Estimated financial effect of contingent liabilities	14,913,000	15,995,000
[custom:EstimatedFinancialEffectOfContingentLiabilities2-0]	2,240,000
Tax Contingent Liability 2 [Member]
IfrsStatementLineItems [Line Items]
[custom:LegalProceedingsProvision1-0]	454,000	242,000
Legal proceedings provision	4,365,000	4,054,000
Social Security [Member]
IfrsStatementLineItems [Line Items]
Judicial deposits	$ 17,480,000	$ 16,440,000

Schedule of deferred income (De

Schedule of deferred income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Deferred Income
Deferred revenue from points	$ 25,462	$ 19,256
Deferred annual fee	4,673	5,773
Other deferred income	522	936
Total	$ 30,657	$ 25,965

Deferred income (Details Narrat

Deferred income (Details Narrative)	12 Months Ended
Deferred income (Details Narrative)	Dec. 31, 2021$ / shares
IfrsStatementLineItems [Line Items]
[custom:SharePrice1]	$ 1
U S D [Member]
IfrsStatementLineItems [Line Items]
[custom:SharePrice1]	$ 0.18

The fair value of the convertib

The fair value of the convertible embedded derivative was measured using methodology consistent with the share price valuation described on share-based payments (note 10). (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
IfrsStatementLineItems [Line Items]
Interest accrued	$ 11,077	$ 39,521	$ 17,681
Financial Instruments Measured At Fair Value [Member]
IfrsStatementLineItems [Line Items]
Balance at beginning of the year	400,915
New issuances		300,000
Deferred expenses		(236)
Interest accrued	22,108	28,630
Changes in the fair value of the embedded derivative conversion feature	(22,108)	72,521
Expenses with convertible instruments		101,151
Conversion of senior preferred shares and embedded derivative into equity	(400,915)
Balance at end of the year		400,915
Host debt instrument at amortized cost		328,394
Embedded derivative at fair value		$ 72,521

Senior preferred shares (Detail

Senior preferred shares (Details Narrative) - USD ($) $ in Thousands	Jun. 18, 2020	Dec. 31, 2021	Dec. 31, 2020
Senior Preferred Shares
Proceeds from issue of preference shares	$ 300,000	$ 400,915	$ 16,795,799
Description of senior preferred shares		The senior preferred shares had similar features to the preferred shares (note 27), except for (i) were senior to preferred shares upon the distribution of proceeds due to the liquidity events described in note 27, (ii) had the rights to cumulative dividends payments equivalent to 18.5% per year after December 2026, (iii) were redeemable in cash at the option of the holder upon the occurrence of mandatory redemption events, (iv) were redeemable in cash at the option of the Company at any time, (v) were convertible initially into a fixed number of ordinary shares at the option of the holder at any time, or in a variable number of ordinary shares if a down-round feature was triggered (vi) were automatically convertible upon the occurrence of a qualified
Conversion of preferred shares		16,795,799
Amount of share premium reserve		$ 400,915

Schedule of transactions with o

Schedule of transactions with other related parties (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Revenue Expenses [Member]
IfrsStatementLineItems [Line Items]
Others	$ (1,685)
Other Related Parties Assets And Liabilities [Member]
IfrsStatementLineItems [Line Items]
Others	$ 299

There are no post-employment be

There are no 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. (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fixed and variable compensation	$ 34,252	$ 9,029	$ 10,464

Schedule of fair value at amort

Schedule of fair value at amortized cost (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Compulsory deposits at central banks	$ 938,659	$ 43,542
Credit card receivables	4,780,520	19,644
Credit card receivables	136,843	2,908,907
Loans to customers	1,194,814	174,694
Other financial assets at amortized cost	18,493
Total	6,932,486
Total	957,152
Total	5,486,298
Deposits in electronic money	1,888,454	1,029,284
RDB and RDB-V	7,759,665	4,536,065
Time deposit	19,181	19,513
Payables to credit card network	4,882,159	3,331,258
Borrowings and financing	147,243	97,454
Securitized borrowings	10,011	79,742
Total	14,706,713
Total	15,416,140	9,716,139
Other financial assets at amortized cost		22,870
Total		3,150,013
Total		66,412
Total		2,962,823
Total		9,093,316
Level 2 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Compulsory deposits at central banks	938,659	43,542
Credit card receivables
Loans to customers
Other financial assets at amortized cost	18,493
Deposits in electronic money	1,689,569	1,029,356
RDB and RDB-V	7,759,665	4,536,065
Time deposit	19,181	19,513
Payables to credit card network	4,755,304	3,313,608
Borrowings and financing	147,140	96,877
Securitized borrowings	10,011	79,726
Total	14,380,870
Total		9,075,145
Other financial assets at amortized cost		22,870
Level 3 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Compulsory deposits at central banks
Credit card receivables	4,161,785	2,720,518
Loans to customers	1,324,513	$ 242,305
Other financial assets at amortized cost
Deposits in electronic money
RDB and RDB-V
Time deposit
Payables to credit card network
Borrowings and financing
Securitized borrowings
Total

Schedule of fair value measurem

Schedule of fair value measurement (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Assets	$ 19,858,681	$ 10,154,250
Certificate of bank deposits (CDB)	81,810
Investment funds	146,884	150,030
Time deposit	19,181	19,513
[custom:TimeDeposit2-0]	1,119,682
Bill of credit	14
Real estate and agribusiness letter of credit (CRIs/CRAs)	1,508
Debentures	121,783
Stocks issued by public-held company	158
Equity instrument	30,735
Derivative financial instruments	101,318	80
Collateral for credit card operations	1,052	90,761
Derivative financial liabilities	87,278	75,304
Instruments eligible as capital	12,056	15,492
Repurchase agreements	3,046
[custom:TotalFairValeAssets-0]		4,137,224
Bill of credit (LC)		23
Embedded derivatives in convertible instruments and other derivatives		75,304
Brazil [Member]
IfrsStatementLineItems [Line Items]
Assets	6,646,188
U S [Member]
IfrsStatementLineItems [Line Items]
Assets	830,124
Colombia [Member]
IfrsStatementLineItems [Line Items]
Assets	504
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 letter of credit (CRIs/CRAs)
Debentures
Stocks issued by public-held company	158
Equity instrument
Derivative financial instruments	81,538	32
Collateral for credit card operations
Derivative financial liabilities	87,271
Instruments eligible as capital
Repurchase agreements
Embedded derivatives in convertible instruments and other derivatives		2,783
Level 1 of fair value hierarchy [member] \| Brazil [Member]
IfrsStatementLineItems [Line Items]
Assets	6,646,188	4,137,223
Level 1 of fair value hierarchy [member] \| U S [Member]
IfrsStatementLineItems [Line Items]
Assets	830,124
Level 1 of fair value hierarchy [member] \| Colombia [Member]
IfrsStatementLineItems [Line Items]
Assets	504
Level 2 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Certificate of bank deposits (CDB)	81,810
Investment funds	146,884	150,030
Time deposit	1,119,682
Bill of credit	14
Real estate and agribusiness letter of credit (CRIs/CRAs)	1,508
Debentures	121,783
Stocks issued by public-held company
Equity instrument
Derivative financial instruments	24	48
Collateral for credit card operations	1,052	90,761
Derivative financial liabilities	7
Instruments eligible as capital	12,056	15,492
Repurchase agreements	3,046
Bill of credit (LC)		23
Level 2 of fair value hierarchy [member] \| Brazil [Member]
IfrsStatementLineItems [Line Items]
Assets		1
Level 2 of fair value hierarchy [member] \| U S [Member]
IfrsStatementLineItems [Line Items]
Assets
Level 2 of fair value hierarchy [member] \| Colombia [Member]
IfrsStatementLineItems [Line Items]
Assets
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 letter of credit (CRIs/CRAs)
Debentures
Stocks issued by public-held company
Equity instrument	30,735
Derivative financial instruments	19,756
Collateral for credit card operations
Derivative financial liabilities
Instruments eligible as capital
Repurchase agreements
Embedded derivatives in convertible instruments and other derivatives		72,521
Level 3 of fair value hierarchy [member] \| Brazil [Member]
IfrsStatementLineItems [Line Items]
Assets
Level 3 of fair value hierarchy [member] \| U S [Member]
IfrsStatementLineItems [Line Items]
Assets
Level 3 of fair value hierarchy [member] \| Colombia [Member]
IfrsStatementLineItems [Line Items]
Assets

Related parties (Details Narrat

Related parties (Details Narrative)	12 Months Ended
Related parties (Details Narrative)	Dec. 31, 2021
Description of purchase	On June 30, 2021, the Company sold 240,072 Series G-1 preferred shares at a purchase price of US$39.988768 per share to the Company's Board Members, for a total amount of US$1,600.

The tax on the Group's pre-tax

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 March 2021, the Social Contribution tax rate in Brazil increased 5 percen (Details) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
		Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax
Net loss before income tax			$ (170,164)	$ (193,178)	$ (129,299)
Tax rate	[1]	40.00%	45.00%	40.00%	40.00%
Income tax			$ 76,574	$ 77,271	$ 51,720
Share-based payments			(41,418)	(8,639)	(5,509)
Customers gifts			(250)	(375)	(1,685)
Operational losses and others			(6,385)	(4,741)	(2,343)
Changes in income tax rate			(11,127)		(2,546)
Other expenses from Nu Holdings not subject to taxation			(8,103)	(8,049)
Effect of different tax rates - subsidiaries			(4,541)	(3,781)
Results with convertible instruments				(29,008)
Other non-deductible expenses			(2,250)	(1,022)	(2,869)
Income tax for the year			2,500	21,656	36,768
Current tax expense			(219,824)	(22,338)	(3,572)
Deferred tax benefit			224,654	44,025	40,341
Income tax in the statement of profit or loss			4,830	21,687	36,769
Deferred tax recognized in OCI			$ (2,330)	$ (31)	$ (1)
Effective tax rate			(2.80%)	(11.20%)	(28.40%)

[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”.

Schedule of deferred income tax

Schedule of deferred income taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Allowance for credit losses [member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxes-0]	$ 204,459	$ 68,155	$ 63,846	$ 35,375
[custom:DeferredIncomeTaxesBusinessCombination1]	41
[custom:DeferredIncomeTaxesConstitution1]	197,920	79,383	81,165
[custom:DeferredIncomeTaxesRealization1]	(52,730)	(60,808)	(51,636)
[custom:DeferredIncomeTaxesForeignExchange1]	(8,927)	(14,266)
[custom:DeferredIncomeTaxesForeignExchange2]			(1,058)
Allowance For Financial Revenue [Member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxes-0]	5,965	6,398	8,252	5,627
[custom:DeferredIncomeTaxesConstitution1]			2,905
[custom:DeferredIncomeTaxesForeignExchange1]	(433)	(1,854)
[custom:DeferredIncomeTaxesForeignExchange2]			(280)
Other Temporary Differences Two [Member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxes-0]	57,087	33,323	14,944	6,603
[custom:DeferredIncomeTaxesBusinessCombination1]	585
[custom:DeferredIncomeTaxesConstitution1]	44,456	27,125	8,784
[custom:DeferredIncomeTaxesRealization1]	(17,752)	(5,242)
[custom:DeferredIncomeTaxesForeignExchange1]	(3,525)	(3,504)
[custom:DeferredIncomeTaxesForeignExchange2]			(443)
Fair Value Changes Financial Instruments One [Member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxes-0]	15,256	8,659	2,177	331
[custom:DeferredIncomeTaxesConstitution1]	141	8,945	2,225
[custom:DeferredIncomeTaxesRealization1]	6,206	(1,791)	(326)
[custom:DeferredIncomeTaxesForeignExchange1]	250	(672)
[custom:DeferredIncomeTaxesConstitution]		(31)	(1)
[custom:DeferredIncomeTaxesForeignExchange2]			(53)
Unused tax credits [member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxes-0]	282,767	116,535	89,219	47,936
[custom:DeferredIncomeTaxesBusinessCombination1]	626
[custom:DeferredIncomeTaxesConstitution1]	242,517	115,453	95,079
[custom:DeferredIncomeTaxesRealization1]	(64,276)	(67,841)	(51,962)
[custom:DeferredIncomeTaxesForeignExchange1]	(12,635)	(20,296)
[custom:DeferredIncomeTaxesForeignExchange2]			(1,834)
Tax Loss And Negative Basis Of Social Contribution One [Member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxes-0]	77,985	8,596	4,979	7,280
[custom:DeferredIncomeTaxesBusinessCombination1]	4,201
[custom:DeferredIncomeTaxesConstitution1]	68,049
[custom:DeferredIncomeTaxesRealization1]	(110)	(3,724)	(2,063)
[custom:DeferredIncomeTaxesForeignExchange1]	(2,751)	191
[custom:DeferredIncomeTaxesRealization2]		7,150
[custom:DeferredIncomeTaxesForeignExchange2]			(238)
Deferred Tax Assets [Member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxes-0]	360,752	125,131	94,198	55,216
[custom:DeferredIncomeTaxesBusinessCombination1]	4,827
[custom:DeferredIncomeTaxesConstitution1]	310,566	122,603	95,079
[custom:DeferredIncomeTaxesRealization1]	(64,386)	(71,565)	(54,025)
[custom:DeferredIncomeTaxesForeignExchange1]	(15,386)	(20,105)
[custom:DeferredIncomeTaxesForeignExchange2]			(2,072)
Futures Settlement Market [Member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxes-0]	(18,850)
[custom:DeferredIncomeTaxesConstitution1]	(10,736)
[custom:DeferredIncomeTaxesRealization1]	(7,851)
[custom:DeferredIncomeTaxesForeignExchange1]	(263)
Deferred Tax Liabilities [Member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxes-0]	(29,334)	(8,741)	(698)	(1)
[custom:DeferredIncomeTaxesConstitution1]	(19,068)	(7,013)	(714)
[custom:DeferredIncomeTaxesRealization1]	(2,458)
[custom:DeferredIncomeTaxesForeignExchange1]	933	(1,030)
[custom:DeferredIncomeTaxesForeignExchange2]			17
Fair Value Ahanges Financial Instruments [Member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxes-0]	(2,144)			(1)
[custom:DeferredIncomeTaxesConstitution1]	141	(7,013)	(714)
[custom:DeferredIncomeTaxesRealization1]	6,206
[custom:DeferredIncomeTaxesForeignExchange1]	250	(1,030)
[custom:DeferredIncomeTaxesForeignExchange2]			17
Other [Member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxes-0]	(8,340)
[custom:DeferredIncomeTaxesConstitution1]	(8,473)
[custom:DeferredIncomeTaxesRealization1]	(813)
[custom:DeferredIncomeTaxesForeignExchange1]	946
Unused Tax Credits One [Member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxes-0]	331,418	116,390	93,500	$ 55,215
[custom:DeferredIncomeTaxesBusinessCombination1]	4,827
[custom:DeferredIncomeTaxesConstitution1]	291,498	115,590	94,365
[custom:DeferredIncomeTaxesRealization1]	(66,844)	(71,565)	(54,025)
[custom:DeferredIncomeTaxesForeignExchange1]	(14,453)	(21,135)
[custom:DeferredIncomeTaxesForeignExchange2]			(2,055)
Fair Value Changes Financial Instruments 1 [Member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxes-0]	(1,057)	(32)	(1)
[custom:DeferredIncomeTaxesConstitution]	(1,025)
Fair Value Instruments At F V T O C I [Member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxes-0]	(1,305)
[custom:DeferredIncomeTaxesConstitution]		(1,305)
Fair Value Changes Financial Instruments Total [Member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxes-0]	$ (2,362)	(32)	(1)
[custom:DeferredIncomeTaxesConstitution]		(31)	(1)
Fair Value Changes Financial Instruments Total Member [Member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxesConstitution]		(2,330)
Fair Value Changes Financial Instruments Two [Member]
IfrsStatementLineItems [Line Items]
[custom:DeferredIncomeTaxes-0]		$ (32)	$ (1)

Income tax (Details Narrative)

Income tax (Details Narrative)		1 Months Ended	12 Months Ended
Income tax (Details Narrative)		Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax
Tax rate effect from change in tax rate	[1]	40.00%	45.00%	40.00%	40.00%
[custom:TaxRateEffectFromChangeInTaxRateMaximum]	[1]	45.00%

[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”.

The table below presents the ch

The table below presents the changes in shares issued and fully paid and shares authorized, by class, as of December 31, 2021, and 2020. (Details) - USD ($) $ in Thousands	Jun. 18, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Total as of December 31, 2019			$ 637,596,725
SOPs exercised and RUSs vested			7,235,430
Shares withheld for employees' taxes			(114,341)
Shares repurchased			(1,171)
Capital increase (Series F-1)	$ 300,000	$ 400,915	16,795,799
Total as of December 31, 2020			661,512,442
SOPs exercised and RUSs vested			21,914,840
Shares withheld for employees' taxes (note 10)			(705,144)
Shares repurchased			(203,643)
Capital increase (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
Capital increase (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
Total as of December 31, 2021		4,609,988,545
Contingent consideration [member]
IfrsStatementLineItems [Line Items]
Shares authorized issued				6,113,124
Reserved For The Share Based Payments [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued				237,110,883
Reserved For The Issuance Of The Award [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued				98,920,396
Shares Authorized Which May Be Issued Class A Or Class B [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued				43,651,308,262
Shares Authorized And Unissued [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued				43,993,452,665
Shares Authorized Issue [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued				4,609,988,545
Total				48,603,441,210
Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Total as of December 31, 2019			215,537,175
SOPs exercised and RUSs vested			7,235,430
Shares withheld for employees' taxes			(114,341)
Shares repurchased			(1,171)
Capital increase (Series F-1)
Total as of December 31, 2020			222,657,093
SOPs exercised and RUSs vested			6,314,494
Shares withheld for employees' taxes (note 10)			(320,866)
Shares repurchased			(203,643)
Capital increase (Series G)
Conversion of senior preferred shares (Series F-1)
Issuance of preferred shares due to Easynvest business combination
Capital increase (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
Total as of December 31, 2021
Preference shares [member]
IfrsStatementLineItems [Line Items]
Total as of December 31, 2019			422,057,050
SOPs exercised and RUSs vested
Shares withheld for employees' taxes
Shares repurchased
Capital increase (Series F-1)
Total as of December 31, 2020			422,057,050
SOPs exercised and RUSs vested
Shares withheld for employees' taxes (note 10)
Shares repurchased
Capital increase (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
Capital increase (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)
Total as of December 31, 2021
Senior Preference Shares [Member]
IfrsStatementLineItems [Line Items]
Total as of December 31, 2019
SOPs exercised and RUSs vested
Shares withheld for employees' taxes
Shares repurchased
Capital increase (Series F-1)			16,795,799
Total as of December 31, 2020			16,795,799
SOPs exercised and RUSs vested
Shares withheld for employees' taxes (note 10)
Shares repurchased
Capital increase (Series G)
Conversion of senior preferred shares (Series F-1)			(16,795,799)
Issuance of preferred shares due to Easynvest business combination
Capital increase (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
Total as of December 31, 2021
Management Shares [Member]
IfrsStatementLineItems [Line Items]
Total as of December 31, 2019			2,500
SOPs exercised and RUSs vested
Shares withheld for employees' taxes
Shares repurchased
Capital increase (Series F-1)
Total as of December 31, 2020			2,500
SOPs exercised and RUSs vested
Shares withheld for employees' taxes (note 10)
Shares repurchased
Capital increase (Series G)
Conversion of senior preferred shares (Series F-1)
Issuance of preferred shares due to Easynvest business combination
Capital increase (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)
Total as of December 31, 2021
Class A Ordinary Shares [Member]
IfrsStatementLineItems [Line Items]
Total as of December 31, 2019
SOPs exercised and RUSs vested
Shares withheld for employees' taxes
Shares repurchased
Capital increase (Series F-1)
Total as of December 31, 2020
SOPs exercised and RUSs vested			15,600,346
Shares withheld for employees' taxes (note 10)			(384,278)
Shares repurchased
Capital increase (Series G)
Conversion of senior preferred shares (Series F-1)
Issuance of preferred shares due to Easynvest business combination
Capital increase (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			298,991,791
Subtotal balances after the 6-for-1 forward share split			358,790,149
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
Total as of December 31, 2021		3,459,743,432
Class A Ordinary Shares [Member] \| Contingent consideration [member]
IfrsStatementLineItems [Line Items]
Shares authorized issued
Class A Ordinary Shares [Member] \| Reserved For The Share Based Payments [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued
Class A Ordinary Shares [Member] \| Reserved For The Issuance Of The Award [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued
Class A Ordinary Shares [Member] \| Shares Authorized Which May Be Issued Class A Or Class B [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued
Class A Ordinary Shares [Member] \| Shares Authorized And Unissued [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued
Class A Ordinary Shares [Member] \| Shares Authorized Issue [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued				3,459,743,432
Total				3,459,743,432
Class B Ordinary Shares [Member]
IfrsStatementLineItems [Line Items]
Total as of December 31, 2019
SOPs exercised and RUSs vested
Shares withheld for employees' taxes
Shares repurchased
Capital increase (Series F-1)
Total as of December 31, 2020
SOPs exercised and RUSs vested
Shares withheld for employees' taxes (note 10)
Shares repurchased
Capital increase (Series G)
Conversion of senior preferred shares (Series F-1)
Issuance of preferred shares due to Easynvest business combination
Capital increase (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 - 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			958,537,594
Subtotal balances after the 6-for-1 forward share split			1,150,245,113
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
Total as of December 31, 2021		1,150,245,113
Class B Ordinary Shares [Member] \| Contingent consideration [member]
IfrsStatementLineItems [Line Items]
Shares authorized issued
Class B Ordinary Shares [Member] \| Reserved For The Share Based Payments [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued
Class B Ordinary Shares [Member] \| Reserved For The Issuance Of The Award [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued
Class B Ordinary Shares [Member] \| Shares Authorized Which May Be Issued Class A Or Class B [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued
Class B Ordinary Shares [Member] \| Shares Authorized And Unissued [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued
Class B Ordinary Shares [Member] \| Shares Authorized Issue [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued				1,150,245,113
Total				1,150,245,113
Total After 6 For 1 Forward Share Split [Member]
IfrsStatementLineItems [Line Items]
Total as of December 31, 2019			3,825,580,350
SOPs exercised and RUSs vested			43,412,580
Shares withheld for employees' taxes			(686,046)
Shares repurchased			(7,026)
Capital increase (Series F-1)			100,774,794
Total as of December 31, 2020			3,969,074,652
SOPs exercised and RUSs vested			131,489,040
Shares withheld for employees' taxes (note 10)			(4,230,864)
Shares repurchased			(1,221,858)
Capital increase (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
Capital increase (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
Total as of December 31, 2021		$ 4,609,988,545
Total After 6 For 1 Forward Share Split [Member] \| Contingent consideration [member]
IfrsStatementLineItems [Line Items]
Shares authorized issued				6,113,124
Total After 6 For 1 Forward Share Split [Member] \| Reserved For The Share Based Payments [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued				237,110,883
Total After 6 For 1 Forward Share Split [Member] \| Reserved For The Issuance Of The Award [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued				98,920,396
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				43,651,308,262
Total After 6 For 1 Forward Share Split [Member] \| Shares Authorized And Unissued [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued				43,993,452,665
Total After 6 For 1 Forward Share Split [Member] \| Shares Authorized Issue [Member]
IfrsStatementLineItems [Line Items]
Shares authorized issued				4,609,988,545
Total				48,603,441,210

The following table presents _3

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 2020 and 2021: (Details)	Dec. 31, 2022shares
IfrsStatementLineItems [Line Items]
[custom:IssuanceOfShares-0]	3,802,941
Series F 1 [Member]
IfrsStatementLineItems [Line Items]
[custom:IssuanceOfShares-0]	400,915
Series G [Member]
IfrsStatementLineItems [Line Items]
[custom:IssuanceOfShares-0]	400,000
Series G 1 [Member]
IfrsStatementLineItems [Line Items]
[custom:IssuanceOfShares-0]	400,000
Customer Program [Member]
IfrsStatementLineItems [Line Items]
[custom:IssuanceOfShares-0]	2,602,026

Schedule of accumulated losses

Schedule of accumulated losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Accumulated Losses
Accumulated losses	$ (336,484)	$ (171,491)
Share-based payments reserve	208,075	69,050
Total attributable to shareholders of the parent company	(128,409)	(102,441)
Accumulated losses attributable to non-controlling interests	(341)
Total accumulated losses	$ (128,750)	$ (102,441)

the following shares were repur

the following shares were repurchased (after the 6-for-1 forward share split): (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Accumulated Losses
Quantity of shares repurchased	1,221,858	7,026
Total value of shares repurchased	4,607	15
Quantity of shares withheld - RSU	4,230,864	686,046
Total value of shares withheld - RSU	18,299	2.646

The accumulated balances are as

The accumulated balances are as follows: (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Accumulated Losses
Cash flow hedge effects, net of deferred taxes	$ 1,487	$ 49	$ 1
Currency translation on foreign entities	(110,936)	(97,081)	(46,981)
Changes in fair value - financial instruments at FVTOCI, net of deferred taxes	1,741
Own credit adjustment effects	(1,519)	(468)	(249)
Total	$ (109,227)	$ (97,500)	$ (47,229)

Equity (Details Narrative)

Equity (Details Narrative) - USD ($)	12 Months Ended
Equity (Details Narrative) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Accumulated Losses
Nominal par shares	$ 0.0000067	$ 0.00004
Total amount share capital	$ 83	$ 45

The Group_s outstanding balance

The Group’s outstanding balance of financial assets is shown in the table below: (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Management Of Financial Risks Financial Instruments And Other Risks
Cash and cash equivalents	$ 2,705,675	$ 2,343,780	$ 1,246,566	$ 379,207
Securities	815,962	4,287,277
Derivative financial instruments	101,318	80
Collateral for credit card operations	1,052	90,761
Financial assets at fair value through profit or loss	918,332	4,378,118
Securities	8,163,428
Financial assets at fair value through other comprehensive income	8,163,428
Compulsory deposits at central banks	938,659	43,542
Credit card receivables	4,780,520	2,908,907
Loans to customers	1,194,814	174,694
Other financial assets at amortized cost	18,493	22,870
Financial assets at amortized cost	6,932,486	3,150,013
Total	$ 18,719,921	$ 9,871,911

Primary sources of funding - by

Primary sources of funding - by maturity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Bank receipt of deposits	$ 9,667,300	$ 5,584,862
[custom:DepositsFromCustomersFunding-0]	$ 7,728,108	$ 4,445,705
[custom:DepositsFromCustomers1]	99.00%	91.00%
[custom:DepositsFromCustomersRdbV-0]	$ 31,557	$ 90,360
[custom:DepositsFromCustomers2-0]	1.00%	2.00%
[custom:TimeDeposit-0]	$ 19,181	$ 19,513
[custom:TimeDeposit1-0]	0.00%	0.00%
[custom:InstrumentsEligibleAsCapital-0]	$ 12,056	$ 15,492
[custom:InstrumentsEligibleAsCapital1-0]	0.00%	0.00%
[custom:SeniorPreferredShares-0]		328,394,000
[custom:SeniorPreferredShares1-0]	0.00%	7.00%
[custom:DepositsFromCustomersOne-0]	$ 7,790,902	$ 4,899,464
[custom:TotalDepositsFromCustomers-0]	100.00%
[custom:TotalDepositsFromCustomers2-0]		100.00%
Not Later Than Twelvemonth [Member]
IfrsStatementLineItems [Line Items]
Bank receipt of deposits	$ 7,663,355	$ 4,415,892
[custom:DepositsFromCustomersRdbV-0]	$ 31,557	$ 90,360
[custom:DepositsFromCustomers2-0]	771409300000.00%	450625200000.00%
[custom:TimeDeposit-0]	$ 19,181	$ 0
[custom:InstrumentsEligibleAsCapital-0]		$ 0
[custom:SeniorPreferredShares-0]
Not Over Than Twelvemonth [Member]
IfrsStatementLineItems [Line Items]
Bank receipt of deposits	$ 64,753	$ 29,813
[custom:DepositsFromCustomers2-0]	7680900000.00%	39321200000.00%
[custom:TimeDeposit-0]		$ 19,513
[custom:InstrumentsEligibleAsCapital-0]	$ 12,056	$ 15,492
[custom:SeniorPreferredShares-0]		328,394

The tables below summarize the

The tables below summarize the Group’s financial liabilities into groups based on their contractual maturities: (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
[custom:DerivativeFinancialInstruments-0]		$ 80	$ 101,318
[custom:InstrumentsEligibleAsCapital-0]		15,492	12,056
[custom:RepurchaseAgreements-0]			3,046
[custom:TimeDeposit2-0]			1,119,682
[custom:OtherDeposits-0]			509
[custom:BorrowingsAndFinancing-0]		97,454	147,243
[custom:SecuritizedBorrowings-0]		79,742	10,011
[custom:OtherDerivativeFinancialLiabilities-0]			14,809,093
[custom:ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedNew-0]			2,171,585
M X N [Member]
IfrsStatementLineItems [Line Items]
Effect of exchange rate changes on cash and cash equivalents		$ 1
Not later than one month [member]
IfrsStatementLineItems [Line Items]
[custom:DerivativeFinancialInstruments-0]			83,155
[custom:InstrumentsEligibleAsCapital-0]			0
[custom:RepurchaseAgreements-0]			3,046
[custom:DepositsInElectronicMoney-0]			1,887,945
[custom:BankReceiptOfDepositsRDB-0]			7,296,337
[custom:BankReceiptOfDepositsRDBV-0]			31,557
[custom:TimeDeposit2-0]			0
[custom:OtherDeposits-0]			509
[custom:PayablesToCreditCardNetwork1-0]			2,518,437
[custom:BorrowingsAndFinancing-0]			1,686
[custom:SecuritizedBorrowings-0]			0
[custom:OtherDerivativeFinancialLiabilities-0]			11,822,672
Later than one month and not later than three months [member]
IfrsStatementLineItems [Line Items]
[custom:DerivativeFinancialInstruments-0]			4,035
[custom:InstrumentsEligibleAsCapital-0]			0
[custom:RepurchaseAgreements-0]			0
[custom:DepositsInElectronicMoney-0]			0
[custom:BankReceiptOfDepositsRDB-0]			78,035
[custom:BankReceiptOfDepositsRDBV-0]			0
[custom:TimeDeposit2-0]			0
[custom:OtherDeposits-0]			0
[custom:PayablesToCreditCardNetwork1-0]			1,205,765
[custom:BorrowingsAndFinancing-0]			9,738
[custom:SecuritizedBorrowings-0]			10,089
[custom:OtherDerivativeFinancialLiabilities-0]			1,307,662
Later than three months and not later than one year [member]
IfrsStatementLineItems [Line Items]
[custom:DerivativeFinancialInstruments-0]			68
[custom:InstrumentsEligibleAsCapital-0]			0
[custom:RepurchaseAgreements-0]			0
[custom:DepositsInElectronicMoney-0]			0
[custom:BankReceiptOfDepositsRDB-0]			439,561
[custom:BankReceiptOfDepositsRDBV-0]			0
[custom:TimeDeposit2-0]			20,429
[custom:OtherDeposits-0]			0
[custom:PayablesToCreditCardNetwork1-0]			1,155,762
[custom:BorrowingsAndFinancing-0]			43,090
[custom:SecuritizedBorrowings-0]			0
[custom:OtherDerivativeFinancialLiabilities-0]			1,658,910
Later than one year [member]
IfrsStatementLineItems [Line Items]
[custom:DerivativeFinancialInstruments-0]			400
[custom:InstrumentsEligibleAsCapital-0]			44,666
[custom:RepurchaseAgreements-0]			0
[custom:DepositsInElectronicMoney-0]			0
[custom:BankReceiptOfDepositsRDB-0]			47,571
[custom:BankReceiptOfDepositsRDBV-0]
[custom:TimeDeposit2-0]			0
[custom:OtherDeposits-0]			0
[custom:PayablesToCreditCardNetwork1-0]			2,196
[custom:BorrowingsAndFinancing-0]			107,029
[custom:SecuritizedBorrowings-0]			0
[custom:OtherDerivativeFinancialLiabilities-0]			201,862
Carrying Amount One [Member]
IfrsStatementLineItems [Line Items]
[custom:DerivativeFinancialInstruments-0]			87,278
[custom:InstrumentsEligibleAsCapital-0]			12,056
[custom:RepurchaseAgreements-0]			3,046
[custom:DepositsInElectronicMoney-0]			1,887,945
[custom:BankReceiptOfDepositsRDB-0]			7,728,108
[custom:BankReceiptOfDepositsRDBV-0]			31,557
[custom:TimeDeposit2-0]			19,181
[custom:OtherDeposits-0]			509
[custom:PayablesToCreditCardNetwork1-0]			4,882,159
[custom:BorrowingsAndFinancing-0]			147,243
[custom:SecuritizedBorrowings-0]			10,011
Gross Nominal Outflow [Member]
IfrsStatementLineItems [Line Items]
[custom:DerivativeFinancialInstruments-0]	[1]		87,658
[custom:InstrumentsEligibleAsCapital-0]	[1]		44,666
[custom:RepurchaseAgreements-0]	[1]		3,046
[custom:DepositsInElectronicMoney-0]	[1]		1,887,945
[custom:BankReceiptOfDepositsRDB-0]	[1]		7,861,504
[custom:BankReceiptOfDepositsRDBV-0]	[1]		31,557
[custom:TimeDeposit2-0]	[1]		20,429
[custom:OtherDeposits-0]	[1]		509
[custom:PayablesToCreditCardNetwork1-0]	[1]		4,882,160
[custom:BorrowingsAndFinancing-0]	[1]		161,543
[custom:SecuritizedBorrowings-0]	[1]		10,089
[custom:OtherDerivativeFinancialLiabilities-0]			$ 14,991,106

[1]	The gross nominal outflow was projected considering the exchange rate of Brazilian reais and Mexican pesos to US$ as of December 31, 2021 (R$5.5758 and MXN20.5294 per US$ 1

The table below presents the Va

The table below presents the VaR for the entities in Brazil, calculated using a confidence level of 95% and a holding period of 1 day, by a historical simulation approach, with a 5-year window. (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Group [Member]
IfrsStatementLineItems [Line Items]
Value At Risk Market Funds Carrying Value	$ 1,012	$ 1,128
Financeira [Member]
IfrsStatementLineItems [Line Items]
Value At Risk Market Funds Carrying Value	683	561
Pagamentos [Member]
IfrsStatementLineItems [Line Items]
Value At Risk Market Funds Carrying Value	$ 464	$ 140

The following analysis is the G

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: (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Brazilian Risk Free Curve [Member]
IfrsStatementLineItems [Line Items]
Group		$ 4
Nu Financeira	[1]	(2)	(1)
Nu Pagamentos		6	2
I P C A Coupon [Member]
IfrsStatementLineItems [Line Items]
Group		(2)	(1)
Nu Financeira	[1]	(2)
Nu Pagamentos			$ (1)

[1]	Includes Nu Financeira and its subsidiary Nu Invest.

Schedule of financial conglomer

Schedule of financial conglomerate (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Capital Management
Regulatory Capital	$ 485,498	$ 118,612
Tier I	467,225	101,229
Common Equity	467,225	101,229
Tier II	18,273	17,383
Risk Weighted Assets (RWA)	2,144,499	388,346
Credit Risk (RWA CPAD)	1,891,177	372,841
Market Risk (RWA MPAD)	14,825	63
Operational Risk (RWA OPAD)	238,497	15,442
Capital Required	225,172	40,776
Margin	$ 260,325	$ 77,836
Basel ratio	22.60%	30.50%
RBAN - Capital Required	$ 896	$ 2,334
Margin considering RBAN	$ 259,429	$ 75,502

Schedule of capital ratio (Deta

Schedule of capital ratio (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Capital Management
Adjusted Equity	$ 570,418	$ 276,672
Max Amount	2,487,136	1,538,256
Monthly average of payment transactions	2,487,136	1,538,256
Balance of electronic currencies	$ 1,693,514	$ 1,072,056
Capital requirement ratio	22.90%	18.00%

Capital management (Details Nar

Capital management (Details Narrative) $ in Thousands	12 Months Ended
Capital management (Details Narrative) $ in Thousands	Dec. 31, 2021USD ($)
Capital Management
Capital adequacy ratio	14.00%
Average payment	2.00%
Balance of electronic coins issued	2.00%
Regulatory capital position	$ 4,435
Capital ratio	395.00%
Minimum requirement	10.50%

The table below shows the reven

The table below shows the revenue and non-current assets per geographical area: (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
IfrsStatementLineItems [Line Items]
Revenue	$ 1,698,023	$ 737,133	$ 612,109
Reportable segments [member]
IfrsStatementLineItems [Line Items]
Revenue	1,319,045	610,642	497,460
Non current assets	507,931	33,713
Reportable segments [member] \| Brazil [Member]
IfrsStatementLineItems [Line Items]
Revenue	1,285,849	609,232	497,446
Non current assets	491,805	24,099
Reportable segments [member] \| Mexico [Member]
IfrsStatementLineItems [Line Items]
Revenue	29,546	1,409	14
Non current assets	8,235	1,418
Reportable segments [member] \| Colombia [Member]
IfrsStatementLineItems [Line Items]
Revenue	805	1
Non current assets	650	79
Reportable segments [member] \| Cayman Islands [Member]
IfrsStatementLineItems [Line Items]
Revenue
Non current assets	831	831
Reportable segments [member] \| Germany [Member]
IfrsStatementLineItems [Line Items]
Revenue
Non current assets	150	181
Reportable segments [member] \| Argentina [Member]
IfrsStatementLineItems [Line Items]
Revenue
Non current assets	73	112
Reportable segments [member] \| United States [Member]
IfrsStatementLineItems [Line Items]
Revenue	2,845
Non current assets	$ 6,187	$ 6,993

Segment information (Details Na

Segment information (Details Narrative)	12 Months Ended
Segment information (Details Narrative)	Dec. 31, 2021Number
Number reportable segment	1

Schedule of non cash transactio

Schedule of non cash transactions (Details) $ in Thousands	Dec. 31, 2021USD ($)
Non-cash Transactions
Easynvest acquisition - share consideration (note 1(c))	$ 271,229
Conversion of senior preferred shares into equity (note 23)	400,915
Spin Pay acquisition - share consideration (note 1(c))	$ 6,346

Subsequent events (Details Narr

Subsequent events (Details Narrative) - USD ($)	Jan. 06, 2022	Dec. 31, 2021	Apr. 30, 2022	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Borrowings		$ 147,243,000		$ 97,454,000
Event After The Reporting Period One [Member] \| Acquisition Olivia [Member]
IfrsStatementLineItems [Line Items]
Total purchase price		72,000
Consideration paid (received)		12,240
Shares consideration		$ 59,760
Event After The Reporting Period One [Member] \| Green Shoe [Member] \| Ordinary Class A Shares [Member]
IfrsStatementLineItems [Line Items]
Additional received capital	$ 247,998,000
Incurred cost	$ 3,985
Event After The Reporting Period One [Member] \| Syndicated Credit Facility [Member] \| Colombia And Mexico [Member]
IfrsStatementLineItems [Line Items]
Borrowings			$ 650,000