Nubank Acquires Hyperplane to Accelerate AI-First Strategy
June 26, 2024
Nubank has acquired Hyperplane, a Silicon Valley data-intelligence startup that builds foundational models for banks, to accelerate its AI-first strategy and deliver hyper-personalized financial products. Hyperplane’s platform and team will integrate with Nubank’s data stack to power models across risk, collections, and marketing for Nubank’s 100M+ customers; financial terms were not disclosed.
- Buyers
- Nubank
- Targets
- Hyperplane
- Industry
- AI & Machine Learning
- Location
- California, United States
- Transaction Type
- Buyout
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