The London-based FinTech is expanding to the US following strategic investment from TransUnion
IN BREIF:
- This follows an $80m raise from TDR Capital to fund its international expansion
- The open banking FinTech provides real-time transactional insights to enable lenders to make informed lending decisions more quickly and with personalised services
- The US expansion is launching with a newly appointed leadership team, including former nCino vice presidents Kyle Ray and Jeff Thormann and former Laybuy vice president Nathan Mairs
What does this mean?
“We are thrilled to bring Bud to the US. The US shows growing interest in open banking, and many Americans are wondering how they can use transactional data in their businesses,” Bud CEO Edward Maslaveckas said.
