Nu Holdings Ltd. Chief Financial Officer recently pointed out that the efficiency ratio pressure caused by the company's strategic investments is expected to continue for four to six quarters.

This statement reveals the stage-specific challenges faced by the fintech giant during its ongoing expansion. The efficiency ratio, as a key indicator measuring the operational efficiency of banks, directly affects the company's profitability and resource optimization level through its fluctuations. The current pressure mainly stems from the company's strategic investments in long-term growth tracks, including market expansion, technological upgrades, and product innovation. Although short-term efficiency is under pressure, management emphasizes that these investments will lay the foundation for building stronger competitive barriers. As the investment cycle enters a mature stage, operational efficiency is expected to gradually return to an optimized range.