Ribbit Acquires Regtech Firm ValidiFI to Expand Data Solutions

Fintech company Ribbit has acquired ValidiFI, a provider of fraud, compliance, and risk mitigation solutions, in a deal of undisclosed value.

The acquisition will enable Ribbit to establish the largest alternative database of bank and payment data in the market.

By combining ValidiFI’s verification and compliance solutions with Ribbit’s predictive analytics and data assets, the company’s market presence will more than double, allowing for the expansion of its product and service offerings.

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ValidiFI leverages banking and payment data throughout the credit lifecycle to provide risk mitigation and compliance solutions.

Ribbit’s CEO, Greg Rable, sees the acquisition as a “win-win” for customers and the company, while ValidiFI’s CEO, Oscar DiVeroli, anticipates that the merged entity will enhance predictive insights and customer solutions.

Ribbit led the acquisition with support from existing investor ABS Capital and new investor MissionOG.