Home Feature Regional FinTech Acquisition Deal Seeks To Create “Largest Banking & Payments Data Platform In The Industry”

Regional FinTech Acquisition Deal Seeks To Create “Largest Banking & Payments Data Platform In The Industry”

by Maija Ehlinger

It seems like a match made in FinTech heaven. 

Yesterday, the payment data startup RIBBIT AI announced it has acquired ValidiFI, a Florida-based  fraud, compliance, and risk mitigation startup in the financial services space.

RIBBIT’s primary customers are lenders and banks looking for increased payment data and visibility so they can make better credit decisions. With the acquisition of ValidiFI, we are adding fraud, compliance and risk mitigation solutions to our portfolio, which will allow us to reach a larger customer base,” RIBBIT CEO Greg Rable told Hypepotamus following the acquisition news. 

Rable, who was named CEO earlier this year, is based in Atlanta and runs the operations for the startup out of the city. RIBBIT currently has 10 employees in the Atlanta area, with additional offices in Florida, Ohio and South Dakota.



Together, Rable said RIBBIT and ValidiFI will look to tackle a major pain point that most lenders and banks have: There simply isn’t a good way to get a holistic view of payment data throughout a consumer’s financial lifecycle. 

CEO Greg Rable (RIBBIT) in Atlanta

“Traditional credit scoring and credit bureaus do not provide the data needed for our customers to make the smartest, most informed lending decisions. Our predictive analytics and data assets, now combined with ValidiFI’s verification and compliance solutions, will allow us to provide our customers with the insights needed so they can make the best decisions,” Rable added. “We feel this acquisition further powers that mission, as we’ve now created the largest banking and payment data solutions platform in the industry.” 

The ValidiFI acquisition was supported by existing investor DC-based ABS Capital and new investor MissionOG based in Philadelphia. Financial terms of the deal were not disclosed. 

RIBBIT was initially formed in 2020 from the merger of Cash Flow Solutions and Transaction Science, according to Rable. 

ValidiFI has 14 employees, according to its LinkedIn page

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

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