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Apple Buys London’s Startup Credit Kudos – $AAPL $DIA

By John F. Heerdink, Jr.

Reportedly, Apple Inc. (AAPL) has acquired London-based credit scoring startup Credit Kudos Ltd., strengthening its push into payments technology. Credit Kudos allows businesses to assess loan applicants by analyzing banking data, such as user transactions and offers a service for potential borrowers to assess their creditworthiness. Recently, the iPhone giant has been working to escalate its push into payments, including the launch of Apple Card in the U.S. in 2019 and rolling out Apple device installment plans on the credit card later that year. 

As per a Bloomberg report, Apple also offers an Apple Cash card for digital peer-to-peer payments and, it is working on a service for Apple Pay that would let people buy things and pay them off later in installments.

Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.

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(Read Original Story: Apple Acquires U.K. Financial Health Startup Credit Kudos in Bloomberg)


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