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
Location
California, United States
Transaction Type
Buyout

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