LifeLock Buys mWallet Platform For $42M

Identify theft protection service LifeLock has acquired Lemon, a mobile wallet platform, for $42 million, TechCrunch reported on December 12.

Additionally, LifeLock has launched its own mobile wallet, LifeLock Wallet, which is based on the Lemon design. The company will integrate its personal identification safeguards into the mobile wallet.

“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,” Hilary Schneider, LifeLock’s president, told TechCrunch in an interview.

To learn more about LifeLock’s Lemon acquisition and the launch of its own wallet, read the full story here.

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