Nubank, the leading Latin American digital bank, has acquired US software firm Cognitect, known for creating, Clojure and Datomic programming system.
Nubank will bring on board some of the most experienced Clojure engineers which will play a fundamental role in the growth and scalability of its products and overall business.
“Nubank, at its core, is a tech company and we are true believers that technology can have a positive impact on people’s lives. We have a strong commitment to democratizing the access to financial services in Latin America and, by joining forces with Cognitect, we will be able to further enhance our products to give people control over their money through financial services that are simple, transparent and human”, said David Vélez, founder and CEO of Nubank.
The company is the largest independent digital bank in the world. Yet it was Nubank’s mission that attracted the founders of Cognitect the most:
“We have always used technology to solve problems, but with Nubank we are looking forward to an even more direct connection between the systems we build and their impact on millions of people. After partnering with Nubank for the past 6 years, we are very excited to be able to contribute on a full-time basis with Nubank’s mission to fight complexity and empower people, reinventing financial services in the process”, explains Justin Gehtland, CEO and co-founder of Cognitect.
“This deal is a fundamental step in Nubank’s growth as it will help us further strengthen our team, improve our products, and expand our operations in a healthy and sustainable manner. As a customer-centric technology company, we view our custom software development capabilities as core to our long term success. We aim to have the most talented technical team in the market in order to reinvent and develop the best financial services and products for our customers”, explains Edward Wible, co-founder and CTO of Nubank.
