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Silicon Valley Startup Hyperplane Acquired by Nubank  to Improve Banking Services with AI

By integrating Hyperplane's technology, Nubank aims to create connections between broader contexts, generate valuable insights, support decision-making, and ultimately enhance the customer experience.


Nubank, a leading digital banking platform, announced its acquisition of Hyperplane, a data intelligence company based in Silicon Valley. This strategic move aims to bring more advanced, personalized financial products and services to Nubank’s customer base.

Hyperplane, founded in 2022 by Daniel Silva, Felipe Lamounier, Rohan Ramanath, and Felipe Meneses, has developed proprietary foundation models for financial services. Their platform enables financial institutions to train, evaluate, and deploy self-supervised, deep-learning models on first-party data, facilitating decision-making across various business domains including risk assessment, collections, and marketing.

The acquisition aligns with Nubank’s “AI-first” approach, which goes beyond simply connecting models or systems. By integrating Hyperplane’s technology, Nubank aims to create connections between broader contexts, generate valuable insights, support decision-making, and ultimately enhance the customer experience.

David Vélez, founder and CEO of Nubank, stated, “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’s existing infrastructure processes petabytes of data daily to ensure a secure and efficient banking experience. Hyperplane’s AI systems, designed to analyze unstructured data at scale, are expected to provide deeper insights into customer needs and preferences.

Felipe Lamounier, Hyperplane’s co-founder, commented on the acquisition, “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 integration of Hyperplane’s technology is anticipated to be swift, allowing Nubank to leverage advanced AI capabilities immediately. Vitor Olivier, Nubank’s CTO, emphasized the significance of this development, “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.”

This acquisition marks a notable development in the digital banking sector, as financial institutions increasingly turn to AI to enhance their services. While the integration of advanced AI technologies promises potential improvements in personalization and efficiency, the long-term impact on customer experience and data privacy remains to be seen. As the financial industry continues to evolve with technological advancements, close attention will be paid to how these changes affect both the quality of services and the broader implications for consumers.

Picture of Mansi Singh
Mansi Singh
Mansi is an Associate Content Strategist. She holds interest that centers around use of Gen AI in enhancing daily lives and she is dedicated to exploring the latest trends and tools in AI. She can be reached at mansi.singh@aimresearch.co
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