28 March 22

Apple buys UK fintech start-up Credit Kudos

Triple Point Ventures is delighted to announce the acquisition of portfolio company Credit Kudos by Apple.

The acquisition is a great validation for UK fintech and the untapped potential of open banking. 

Credit Kudos aims to make affordable credit more widely available by drawing on data insights from the UK’s open banking framework to offer lenders less risk and increased acceptance rates. 

The deal resulted in a considerable uplift in valuation from Credit Kudos’ previous fundraise in 2020 in a round led by AlbionVC, with participation from Triple Point.