In a significant development, San Francisco-based data intelligence startup Hyperplane has been acquired by Brazil’s Nubank just seven months after securing a $6 million seed funding round.
Founded in 2022 by Daniel Silva, Felipe Lamounier, Rohan Ramanath, and Felipe Meneses, Hyperplane’s initial focus was on building a personalization layer for banks worldwide. The company aimed to enable banks to harness their first-party data through a data intelligence layer.
Specializing in training models for banks across various departments such as risk, collections, and marketing, Hyperplane’s expertise will now be leveraged by Nubank, the leading digital banking platform outside of Asia with over $2.7 billion in revenues last quarter and a customer base exceeding 100 million in Brazil, Mexico, and Colombia.
Nubank’s CEO, David Velez, expressed enthusiasm about the acquisition, emphasizing the goal of providing personalized and empowering financial services to global consumers. The acquisition marks Nubank’s latest strategic move in its tech-driven growth journey, following previous acquisitions like Cognitect, Easynvest, and Olivia.
While the financial terms of the acquisition were not disclosed, Hyperplane’s earlier funding round included investments from prominent backers like Lachy Groom, SV Angel, and Clocktower Technology Ventures. Echoing the sentiment, Hyperplane co-founder Lamounier expressed confidence in Nubank’s capabilities to advance their vision of hyper-personalized consumer banking.
