20 August 2017
visit www.avoka.com

LifeLock buys mobile-wallet start-up Lemon

12 December 2013  |  3872 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  |  8424 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit www.niceactimize.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9047 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7864 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7277 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6485 views 1 | 5 tweets | 3 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
6360 views comments | 14 tweets | 12 linkedin