Nubank acquires data intelligence company Hyperplane, terms not disclosed

Nubank 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.