Why TransUnion led blockchain fintech Spring Labs’ $30M Series B
Consumer credit reporting company TransUnion recently announced it had invested an undisclosed amount in Spring Labs, which is building out a blockchain-based data-sharing platform. Now, TechCrunch has unique information on the size of that round and the nature of the relationship. To begin with, the reality that TransUnion, a public company with a $20 billion market [ …] Spring Labs is one of them.”We understood a relationship with TransUnion in particular had the capability to significantly accelerate our company,” he stated. Particularly, Spring Labs is hoping to “reinvent” the method consumer financial data is stored and shared amongst monetary services institutions with a network foundation understood as the Spring Protocol. Chaouki told TechCrunch that there were “many”reasons for working strategically tactically, and investing in, Spring Labs. …
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