- 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.
- Also Read: Robinhood Fires Up Rivalry With PayPal and Other Fintech With Latest Launch
- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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