Payment Data Provider RIBBIT Acquires ValidiFI, Enhancing Data, Products and Market Presence

RIBBIT, Inc., the “authority” on alternative bank and payment data, today announces its acquisition of ValidiFI, a provider of fraud, compliance, and risk mitigation solutions.

The acquisition will aim to “create the industry’s leading banking and payment data solutions platform, improving the company’s product offering and creating the largest alternative database of bank and payment data in the marketplace.”

RIBBIT’s predictive analytics and data assets “combined with ValidiFI’s verification and compliance solutions will more than double an already strong market presence in addition to expanding the breadth and depth of products and services offered.”

Greg Rable, CEO of RIBBIT, said:

“I’m excited about the enormous opportunity to bring these two dynamic, industry-leading companies together. The combination of talented people, robust data, and best-in-class products makes this a win-win for our customers and for us.”

Oscar DiVeroli, Founder and CEO of ValidiFI, said:

“Through this process, I have been impressed by the commonality of entrepreneurial grit and innovation between our two companies. I am confident that our combined company will raise the bar in terms of predictive insights and leading-edge customer solutions.”

RIBBIT led the acquisition “with support from their existing investor ABS Capital and added new investor MissionOG to their team.”

Additional updates will be “released in the coming weeks. RIBBIT CEO Greg Rable is available for comment and interviews.”

As noted in the update, RIBBIT, the Bank Behavior Data Experts, “leverage the predictive power of bank data across the credit and payment lifecycle.”

RIBBIT’s data insights “enable lenders, fintechs, and banks to identify fraud, assess credit risk and determine affordability.”

As mentioned in the announcement, ValidiFI, “a specialty consumer reporting agency, leverages banking and payment data across the credit lifecycle offering compliance and risk mitigation solutions.”

Through its FCRA and GLBA solution suites, ValidiFI enables clients “to apply its unique data offerings to create efficiency and maximize profit.”

As explained in a release, ABS Capital reportedly “provides growth equity capital to B2B software and tech-enabled services businesses with strong technology and data underpinnings looking to scale with the right partners.”

Building growth-stage businesses has been ABS Capital’s focus for more than 30 years. Over that time, ABS Capital has “invested more than $2.5 billion in approximately 130 companies across eight funds.”

Bringing investing, operational, infrastructure, technology, and business development skills to amplify the success of growing businesses “together with data-driven business strategies, market research and analytics, ABS Capital works intensively in close partnership with talented management teams. ABS Capital: building emerging growth businesses into industry leaders.”

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