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 is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech.

LendIt Fintech conducts three conferences a year for the leading fintech markets of the USA, Europe, and Latin America. LendIt also provides cutting-edge content all year long via audio, video, and written channels.

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.

Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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