PYMNTS-MonitorEdge-May-2024

NUBANK

Nubank Accelerates AI-First Strategy With Hyperplane Acquisition
Nubank Accelerates AI-First Strategy With Hyperplane Acquisition
June 26, 2024  |  Acquisitions

Digital banking platform Nubank has acquired data intelligence company Hyperplane, saying this move will accelerate its artificial intelligence (AI)-first strategy. With the addition of Hyperplane’s...

READ MORE >
FinTech IPO Index Edges Up 1.7% as Katapult Earnings Lead Platforms Higher
FinTech IPO Index Edges Up 1.7% as Katapult Earnings Lead Platforms Higher
May 17, 2024  |  Fintech Investments

Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or...

READ MORE >
Nubank Marks 100 Million-Plus Digital Banking Customers
Nubank Marks 100 Million-Plus Digital Banking Customers
May 08, 2024  |  Digital Banking

Brazilian digital bank Nubank now has more than 100 million customers. The company announced the achievement in a Wednesday (May 8) press release, saying it was the...

READ MORE >
Nu Lowers Yield on Savings Accounts in Mexico
Nu Lowers Yield on Savings Accounts in Mexico
March 26, 2024  |  Digital Banking

Digital bank Nu Holdings will lower the yield on its high-yield savings accounts in Mexico after the country’s central bank cut its key rate for...

READ MORE >
FinTech IPO Index Up 5.2%; Expensify and Sezzle Lead Earnings Season Gainers
FinTech IPO Index Up 5.2%; Expensify and Sezzle Lead Earnings Season Gainers
March 01, 2024  |  Fintech Investments

The earnings avalanche continues.   The FinTech 100 Index gained 5.2% in a week that saw most names rocket higher. Expensify surged 30% higher. The company said...

READ MORE >
Nubank Approaches $1 Billion in Revenue Amid Mexican Expansion
Nubank Approaches $1 Billion in Revenue Amid Mexican Expansion
February 06, 2024  |  Digital Banking

Brazilian neobank Nubank is predicting it will someday become Latin America’s largest financial service company. “I think that will happen eventually,” CEO David Vélez told the Financial Times (FT)...

READ MORE >
As Third Quarter Ends and Earnings Loom, FinTech Profits Come Into Focus
As Third Quarter Ends and Earnings Loom, FinTech Profits Come Into Focus
September 30, 2023  |  Fintech Investments

As of the close of trading Friday, the third quarter’s in the books. And in just a few weeks, the scoring begins in the form...

READ MORE >
Blend, Huize Help FinTech IPO Index Notch 0.2% Gain in Volatile Week 
Blend, Huize Help FinTech IPO Index Notch 0.2% Gain in Volatile Week 
September 29, 2023  |  Connected Economy

A volatile week on Wall Street is bringing the third quarter to a close. And for the FinTech IPO Index, the slight gains of 0.2%...

READ MORE >
Partnerships and New Tech Announcements Dominate as FinTech IPO Slips 0.9%
Partnerships and New Tech Announcements Dominate as FinTech IPO Slips 0.9%
September 08, 2023  |  IPO

Earnings season has trailed off — and now come the headlines focused on technology, partnerships and entry into new markets as FinTechs continue to try...

READ MORE >