Nubank (NYSE:NU) has just taken another step beyond financial solutions, “diversifying its platform of products and services.”
In a partnership with the North American app Hopper, Nu will aim to “offer a comprehensive travel portal within Nubank’s Shopping platform, the company’s marketplace, to facilitate the day-to-day and financial planning of millions of customers.”
The new travel portal, “expected to launch next year, will include a full range of travel booking options for mobile users.” Nubank customers can “expect to see Hopper’s price prediction technology, as well as its flexibility and protection products, in the portal.”
This end-to-end offering will “provide Nubank users with a comprehensive and seamless travel booking experience.”
The partnership with Hopper marks Nubank’s entry “into the travel category.” The idea is to empower people “to find the best deals and have more flexibility and high-level service when planning their trips, with benefits that make their daily lives easier beyond financial services.”
With over 100 million app downloads, Hopper claims it is “the #1 most downloaded travel app in North America and is rapidly expanding in Latin America.”
Hopper has reportedly “experienced triple-digit annual growth in the region and is quickly becoming one of the leading players in the LatAm online travel space.” This is Hopper’s first B2B partnership in Brazil, “made available via Hopper Cloud – the company’s B2B initiative that launched in 2021.”
Dakota Smith, President and Co-Founder of Hopper, said:
“This is a great partnership for Hopper Cloud, as we’ll have the opportunity to combine Hopper’s global travel and eCommerce expertise with Nubank’s innovative approach to digital financial services. We are seeing strong demand for these offerings from partners around the world. In fact, Hopper Cloud now comprises more than 50% of Hopper’s overall business.”
In another recent update, it was noted that Nubank is launching “a new feature on the app that offers an integrated view of the different limits each customer has available, to provide simple and clear information for better control over their finances.”
In the section called “My Limits”, customers can “manage all their available credit lines in one place, with an even more comprehensive and transparent experience.”
For more details, check here.