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Nubank completes acquisition of Hyperplane to advance AI-first strategy

PRIVATEJun 26, 2024

Acquiring Company

Nubank

Acquired Company

Hyperplane

Sao PauloPalo AltoFinancial ServicesFinanceFintechLendingBankingSoftware

Description

Nubank has announced the acquisition of Hyperplane, a data intelligence company from Silicon Valley. This partnership aims to usher in a new era for digital banking platforms, bringing smarter, fairer, and more personalized financial products and services to Nubank's customers. The acquisition will enable Nubank to leverage Hyperplane's AI technology to analyze vast datasets and personalize services on a granular level, enhancing the company's journey towards a smarter, AI-first banking ecosystem.

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Company Information

Company

Nubank

Location

Sao Paulo, Sao Paulo, Brazil

About

Nubank is the world's largest digital banking platform outside of Asia, serving over 100 million customers across Brazil, Mexico, and Colombia. The company has been leading an industry transformation by leveraging data and proprietary technology to develop innovative products and services. Nubank caters to customers' complete financial journey, promoting financial access and advancement with responsible lending and transparency.

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Frequently asked

Who acquired Hyperplane?

Hyperplane was acquired by Nubank, based in Sao Paulo. The deal was reported on June 26, 2024. Nubank is the world's largest digital banking platform outside of Asia, serving over 100 million customers across Brazil, Mexico, and Colombia. Nubank is privately held and operates in Financial Services.

When did Nubank acquire Hyperplane?

Nubank's acquisition of Hyperplane was reported on June 26, 2024. Nubank has announced the acquisition of Hyperplane, a data intelligence company from Silicon Valley. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Hyperplane do?

Hyperplane is the leading data intelligence platform that helps banks unlock the potential behind their first-party data. It is privately held, operating in Software, and is based in Palo Alto.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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