Fintech Nubank buys Software Firm Cognitect

Fintecbuzz27 Jul, 2020Finance

The seven-year-old fintech that has grown into the biggest standalone digital bank of the world, Nu Pagamentos SA, has bought a software consulting firm of the U.S., Cognitect, which is the first acquisition by the fintech outside of Brazil. David Velez, the Chief Executive Officer stated that Nubank which is backed by Tencent Holdings Ltd