RIBBIT Acquires ValidiFI to Bolster Bank and Payment Data Platform

RIBBIT, a provider of alternative bank and payment data, has acquired ValidiFI, a specialist in fraud, compliance and risk-mitigation solutions. The deal — led by RIBBIT with support from existing investor ABS Capital and new investor MissionOG — combines RIBBIT's predictive analytics and data assets with ValidiFI's verification capabilities to expand product breadth and create a larger alternative database of bank and payment data.