Apple acquires UK fintech startup in bid to bring Apple Card to Europe
Apple Card has been out for nearly three years now but it's only available in the US. This might change soon as the Cupertino tech giant recently acquired UK-based fintech company Credit Kudos which handles consumer banking data and makes credit assessment checks. According to reports the deal is estimated at $150 million and will help Apple in its quest to offer Apple Card across the UK and Europe.
Credit Kudos is a credit checking that provides detailed financial and credit score assessments for individuals thanks to its unique API. The now Apple subsidiary is heralded as the missing link for rolling out Apple Card in the UK and its expertise will likely play a key role in the service’s expansion across Europe and other regions too.
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Reader comments
- iseeyourpoint1
- 25 Mar 2022
- gLN
Well since UK has left the EU it would only work in the UK. But in the UK Apple are one of the top 3 popular brands so much money to be made. in 2008 after the banking crash it was reported the consumer debt is close to national debt of 1 trilli...
- Anonymous
- 24 Mar 2022
- puk
With banks alone... Yeah, like how Mastercard had a behind the curtains data sharing deal with Google that no user even knew about. So much for that...
- Koishi Komeiji
- 24 Mar 2022
- Kig
Oh well... not again. Apple soon became spyware, they will look your money bank if this happens. so becareful everyone
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