Nubank acquires Hyperplane to accelerate its AI-first strategy 🚀🤖; Target supercharges its marketplace with Shopify 🎯🛍️; Apple Pay deal could boost Affirm’s payment volume by 35% 😳
FinTech is Eating the World, 26 June
Hey Everyone,
Good morning & happy Thursday! Today is hot both outside and in the world of FinTech 😤 In the latest issue, we’re going to look at Nubank acquiring Hyperplane to accelerate its AI-first strategy (what it’s all about & why it’s a brilliant M&A + a bonus deep dive in NU & why you just can’t ignore it), Target that’s supercharging its marketplace with Shopify partnership (the value add & why it’s all about Shopify here + a deep dive into SHOP 0.00%↑ and why I’m bullish), and Apple Pay deal that could boost Affirm’s payment volume by 35% (quick recap of the core USP here + some bonus deep dives into both AFRM 0.00%↑ & AAPL 0.00%↑). Let’s jump straight into the awesome stuff 🌶
Nubank acquires Hyperplane to accelerate its AI-first strategy 🚀🤖
The news 🗞️ In a strategic move to accelerate its AI-first strategy, Nubank NU 0.00%↑, the world's largest digital banking platform outside Asia, has acquired Hyperplane, a Silicon Valley-based data intelligence startup.
This acquisition marks yet another step in Nubank's journey to provide smarter, more personalized financial services to its over 100 million customers across Brazil, Mexico, and Colombia.
Let’s take a quick look at this to see why it’s a brilliant deal.