Apple 'acquires UK FinTech Credit Kudos'

Apple has acquired UK FinTech Credit Kudos, according to sources originally reported by The Block.

The London-based company uses Open Banking to run credit checks on consumers, competing with established credit reporting firms such as Equifax, Experian, and TransUnion.

One of the sources estimated the size of the deal at $150 million.

Credit Kudos was founded in 2015 by Freddy Kelly and Matt Schofield.


The news comes after the company raised £5 million in a Series A funding round in April 2020.


It was widely reported in April last year that Apple was planning to launch its own Buy Now, Pay Later (BNPL) service.

    Share Story:

Recent Stories


New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.