12:16 PM EDT, 04/16/2024 (MT Newswires) -- Nu Holdings ( NU ) is injecting $100 million into its Mexican subsidiary, bringing its total investment there to $1.4 billion, Bloomberg reported Tuesday, citing a company statement.

The company plans to utilize the funds to expand its loan portfolio in Mexico and introduce new products. The company is planning to test a service of "freezing" its high yield savings account over a certain period in the coming months, the report said, citing country chief Ivan Canales.

Nu Holdings ( NU ) did not immediately respond to MT Newswires' request for comment.

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