Another startup getting acquired by a shady corporation. From their blog:
Since day one at ClearScore our vision has been to help everyone, no matter what their circumstances, achieve greater financial wellbeing. We have made a great start to tackling this important, global mission. We’re incredibly proud that in just three years, we’ve already helped over six million people access their credit score and report for free, forever in the UK. We have also started our global journey and now serve over 300,000 South Africans.
Earlier today we announced that we intend to be acquired by Experian. Many of you will know Experian, given that they are the world’s biggest credit information company. This acquisition still needs to be approved by the authorities which we expect to happen later this year.
At ClearScore, we are focused on you, our user, and this won’t change. You will always be able to see your credit report and score for free, forever with ClearScore. We will continue to innovate and focus on giving you the knowledge you need to make better financial decisions and make the process of choosing financial products radically quicker, simpler and easier. We will continue to operate under the brand ClearScore.
I believe that this acquisition will allow us to grow faster and develop exciting new innovations that will deliver improved financial well-being to you, our current users, in the UK and South Africa, and hopefully millions more around the world.
Charles Butterworth, Managing Director, Experian UK&I & EMEA, shares our belief that together we can achieve so much more:
"We’re delighted to be announcing this proposed acquisition. It’s Experian’s goal to deliver the best choice of services to consumers to help them plan and better manage their financial lives. Bringing ClearScore into the Experian family is an important step on that journey, allowing us to share knowledge and insight between the two organisations and bring new scale and support to ClearScore’s existing business. We’re excited to combine the experience and strength of Experian’s global organisation with those of a successful and rapidly scaling business. And together, we’ll be able to deliver a broader range of products and services that will further improve consumer choice in the UK and beyond.”
Thank you for your support for ClearScore, we are incredibly grateful for your continued use of our service - you make our hard work worthwhile.