Nubank acquires Hyperplane to offer hyper-personalized digital financial services

By Gloria Mathias

Nubank has 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.

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.

“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 the 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”, said David Vélez, founder and CEO of Nubank.

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.

“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,” said Felipe Lamounier, Hyperplane’s Co-founder.

“Hyperplane’s AI technology will seamlessly integrate into our systems, enhancing our ability to analyze vast datasets and personalize our services on a granular level. This is a significant milestone in our journey towards a smarter, AI-first banking ecosystem,” added Vitor Olivier, Nubank’s CTO.