Nubank Makes its First Acquisition Outside Brazil

Nubank has acquired US software consulting firm Cognitect in its first acquisition outside of Brazil; the world’s largest digital bank, with 26 million customers, has been using Cognitect’s services since 2014; Edward Wible, Nubank’s chief technology officer and co-founder, said, “At our current scale, there’s so much at stake that we thought we needed a different level of access to one of our most important technology partners.”; Nubank uses Cognitect’s programming and database tools; the company has 20 employees who will all join Nubank; the deal will also give Nubank an edge in hiring American engineers now that so many people are working from home. Bloomberg.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.