11 December 2017
visit www.aciworldwide.com

LifeLock buys mobile-wallet start-up Lemon

12 December 2013  |  3959 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  |  8602 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit http://info.nice.comvisit www.atos.net

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18243 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11143 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
7107 views comments | 13 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6503 views comments | 8 tweets | 17 linkedin
Barclays, First Direct and Nationwide join FCA sandbox cohortBarclays, First Direct and Nationwide join...
5902 views comments | 5 tweets | 12 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job