Nubank Parent Company Considers Moving Legal Domicile to Britain

Nubank’s parent company is reportedly considering moving its legal domicile to Britain before beginning a planned global expansion.Nu Holdings is currently domiciled in the Cayman Islands, Reuters reported Monday (Jan. 20).“We are actively thinking what are some of the jurisdictions that make sense for us to consider, as we think about the next 10 years of global expansion,” Nu Holdings CEO David Velez said in the report.The company’s Nubank is Latin America’s most valuable lender, one of the world’s larges ...