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Benzinga

Business

Anusuya Lahiri

Apple Snaps This British Fintech In $150M Deal

Apple AAPL Block Nasdaq PayPal London

Apple Inc (NASDAQ: 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.

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