21 July 2018
Visit www.gemalto.com

LifeLock buys mobile-wallet start-up Lemon

12 December 2013  |  4079 views  |  0 LifeLock and Lemon

Identity-theft firm LifeLock is upping its mobile presence with the acquisition of mobile-wallet start-up Lemon for an initial consideration of $42.6 million.

In conjunction with the all-cash deal - plus an unspecified equity earn-out - LifeLock is replacing the Lemon Wallet Plus app with a new version dubbed LifeLock Wallet. App functionality will remain the same as before but now includes free access to Lemon's premium services - account monitoring, balance updates, lost-wallet service and enhanced alerts. 

The deal benefits Lemon as it looks to build upon its identity and fraud-protection offerings – which were previously only available within its premium tier.

LifeLock president Hilary Schneider says: "We saw an opportunity to combine an innovative mobile platform – a digital wallet with access to leading identity theft protection features. The innovation and expertise from a mobile-first company like Lemon gives us powerful new ways to engage with current and future members."

Lemon Wallet, which has been downloaded more than 3.6 million times, allows users to store a digital copy of their physical wallet on their devices - including credit cards, loyalty cards, insurance and identification details. 

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ARM, Gemalto and G&D form mobile security JV

ARM, Gemalto and G&D form mobile security JV

03 April 2012  |  8742 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Visit https://secure.vasco.comVisit iliad-solutions.com/Visit info.nice.com

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
13457 views comments | 6 tweets | 8 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
11086 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
10040 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
7333 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
7137 views comments | 2 tweets | 7 linkedin

Featured job

Find your next job