Apple Snaps This British Fintech In $150M Deal

March 23, 2022 2:34 PM | 1 min read |

Apple Inc AAPL acquired British fintech startup Credit Kudos Ltd, the Block reports.
The deal valued Credit Kudos at ~$150 million. It closed earlier this week.
The London-based credit scoring startup lets businesses assess loan applicants by analyzing banking data and offers a service for potential borrowers to determine their creditworthiness, Bloomberg reports.
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Apple previously escalated its push in payments with the Apple Card, Apple Cash, and Tap to Pay feature on the iPhone.
Price Action: AAPL shares traded higher by 1.84% at $171.93 on the last check Wednesday.