Douugh Acquires Radical DBX to Strengthen Embedded Finance Offerings

Douugh has agreed to acquire Radical DBX, Inc, a⁢ US-based B2B fintech platform specializing in advanced software solutions for data ⁢management.

R-DBX focuses ‍on developing cutting-edge solutions for database technology and data integration, ⁤aiming to streamline ⁤the process of⁤ handling large amounts of data across multiple platforms. The ⁤company provides customers with:

• Database Solutions: Tools and platforms designed to improve the efficiency⁤ and effectiveness of database operations.
• Data Integration: Radical DBX emphasizes the importance‌ of integrating data from diverse sources to gain comprehensive analysis and insights.
• Innovative Technology: The company invests in research and development to provide cutting-edge solutions that solve ⁣current data management challenges.

Founded by industry experts ‍from‍ organizations such as SoFi, Mastercard, Galileo Financial Technology, Urban FT, and Lending Club, R-DBX is at the forefront ⁢of technology. This fintech targets businesses looking to optimize their ‌data⁢ infrastructure and improve their overall data strategy.

Expanding into the US Embedded Finance Market with Stakk

Douugh expects the acquisition to provide a stable source of income for the group by ⁢strengthening its technology and expanding its long-term customer contracts. In fiscal 2023, the group‍ generated revenue‍ of approximately $1.1 million.

Stakk is a group specializing in embedded banking solutions targeting startups, governments, banks, ⁣and sports teams. Stakk plans to launch services in the US, upsell to these customers, and expand its⁤ Australian operations.

Embedded financial technology enables banks, startups, and enterprises to launch their own fintech products and services to their customer base through a core set of APIs and SDKs managed through a single platform.

Stakk offers a variety of banking products, including:

• KYC/AML/Fraud Monitoring
• Card issuance and processing
• Trading Account/Wallet
• AI-based credit ‌decisioning and collection
• Installment loans and revolving credit
• Robo-advisory and stock trading
• Automated Money Management
• Pay between ​accounts
• Cashback and Stockback Rewards

“A Major Leader in Launching Embedded Financial Services”

Andy Taylor, CEO and Founder of Douugh, said:‌ “We are delighted to announce the proposed acquisition of R-DBX, a company born from UrbanFT, a⁤ leading B2B fintech services company that will enable fintechs and financial institutions through its own limited embedded finance offering.

“This acquisition will be a great help⁢ in launching embedded financial services with a focus on credit as a credit service in the US market, as well as expanding our presence in Australia and⁤ later in the Asia Pacific region. Importantly, we have developed a high-quality⁣ customer base ‌of fintechs and financial institutions⁤ that will benefit from this acquisition.”