Nubank Announces Acquisition of Hyperplane to Support AI-first Strategy

Nubank (NYSE: NU) announced the acquisition of Hyperplane, a data intelligence company from Silicon Valley.

The partnership will usher in a new era for digital banking platforms, “bringing smarter, fairer, and more personalized financial products and services to Nubank’s customers.”

Hyperplane, launched in 2022 and co-founded by Daniel Silva, Felipe Lamounier, Rohan Ramanath, and Felipe Meneses, has been instrumental in “using proprietary foundation models to provide high-quality financial services to millions of individuals.”

The platform enables financial institutions “to train, evaluate, and deploy self-supervised, deep-learning models on first-party data for decision-making.”

Their platform serves as a central hub, “allowing customers to train hundreds of bespoke models across various business domains such as risk, collections, and marketing.”

At Nubank, adopting an “AI-first” stance means “going beyond connecting models or systems.”

With a strong current AI expertise team, the acquisition of Hyperplane will “enable the company to create connections between broad contexts, generate valuable insights, support decision-making, and, most importantly, make Nubank’s customers’ lives easier.”

David Vélez, founder and CEO of Nubank said:

“Nubank´s mission since its founding is to fight complexity and empower fanatical customers. Our early investments in AI, coupled with the impressive infrastructure and talent that Hyperplane team has been able to put together, will accelerate our mission. Consumers globally will access not only the very best financial products but also receive truly customized financial advice that empowers them to live a better life.”

Nubank processes petabytes of data daily “to ensure customers a safe, efficient, and rich banking experience, made possible by early investments in data infrastructure and analytics.”

Hyperplane designed its AI systems to ingest and “analyze unstructured data at scale, such as customer interactions and transaction details, providing deeper insights into customer needs and preferences.”

At Nubank, Hyperplane will power the core machine learning capabilities, “building foundational models that the product and engineering teams consume to create the best customer experience at every step of their journey.”

Felipe Lamounier, Hyperplane’s co-founder:

“There are fundamental investments a financial platform has to make to execute on AI. Nubank is the perfect home to accelerate our vision of hyper-personalized consumer banking because of the maturity of their data stack and a culture of innovation.”

The existing infrastructure and integration path means Nubank can immediately “harness Hyperplaneʼs advanced AI capabilities, driving innovation and delivering value from day one.”

Building AI-first products and companies is a multi-year journey, “progressing through several stages.”

Hyperplane stack will empower Nubank to immediately “leverage foundational models across multiple areas and adopt the next generations of intelligence.”

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