Report: Apple acquires UK banking startup Credit Kudos
What you need to know
- Apple appears to have acquired a UK banking startup.
- A report says that Apple has closed a deal to buy Credit Kudos, valued at some $150 million.
- The startup offers insights and scores on loan applicants.
Apple has reportedly acquired UK banking startup Credit Kudos, according to reports. The move could pave the way for Apple Card to the UK.
As reported by The Block:
Credit Kudos is a startup that offers insight and scores on loan applicants sourced from the UK's open banking framework. The acquisition could open the door to Apple Card in the UK, if the company was to leverage the technology as part of Apple Card in order to assess credit scores and ratings for customers.
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9