Nu Holdings Ltd. (NYSE: NU), the parent of Nubank, announced on July 20, 2026, that it has entered into a share purchase agreement to acquire 100% of Banco Porto Real de Investimentos S.A. The transaction is intended to add a Brazilian banking license to Nubank’s financial conglomerate. The company said the acquisition is tied to compliance with Joint Resolution No. 17, issued by the Banco Central do Brasil and Brazil’s National Monetary Council, which standardizes the use of brand names by regulated financial institutions. Nubank noted that it had previously disclosed its intention to pursue this step in December 2025. After the acquisition is completed, Banco Porto Real’s banking license will be added alongside the licenses Nubank already uses in Brazil, including its Payment Institution license, its Credit, Financing and Investment Company license, and its Securities Brokerage Company license. Nu said these existing authorizations already support Nubank’s business model, and the additional license is primarily a regulatory and structural measure. Nu emphasized that adding the banking license to the Nu Pagamentos S.A. – Instituição de Pagamento conglomerate will not impose additional capital or liquidity requirements. The company also said the transaction will not affect customers: Nubank’s app, products, services, brand, and institutional name will remain unchanged for its 115 million customers in Brazil. Completion of the acquisition remains subject to approval by the Brazilian Central Bank. The filing did not disclose financial terms for the purchase, a transaction value, consideration structure, or expected closing date. The company said it will update the market if there are material developments.