Ribbit, an Oxford, OH-based company which specializes in alternative bank and payment data, acquired ValidiFI, a Boca Raton, FL-based provider of fraud, compliance, and risk mitigation solutions.
The amount of the deal was not disclosed. Ribbit led the acquisition with support from their existing investor ABS Capital and added new investor MissionOG to their team.
The acquisition will create a leading banking and payment data solutions platform, creating the largest alternative database of bank and payment data in the marketplace.
Led by Oscar DiVeroli, Founder and CEO, ValidiFI is a consumer reporting agency that leverages banking and payment data across the credit lifecycle offering compliance and risk mitigation solutions. Through its FCRA and GLBA solution suites, the company enables clients to apply its data offerings to create efficiency and maximize profit.
Led by CEO Greg Rable, Ribbit is a banking behavior data expert who leverages bank data across the credit and payments lifecycle to enable lenders, fintechs and banks to identify fraud, assess credit risk and determine affordability.
FinSMEs
01/06/2023