ABS Capital-backed RIBBIT completed the acquisition of ValidiFI.

ABS Capital-backed RIBBIT, the authority on alternative bank and payment data, completed the acquisition of ValidiFI, a provider of fraud, compliance, and risk mitigation solutions. Financial terms were not disclosed. “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," Oscar DiVeroli, ValidiFI Founder and CEO.