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IndustryUpdate

ed self-service payment devices, supporting over $589
billion in global spending in 2023. Discover is accept-
ed at 70 million merchant locations worldwide. Nayax
Chief Commercial Officer Oren Tepper emphasized
the goal of enhancing payment flexibility for consum-
ers, while Discover’s Rajiv Gupta highlighted the
importance of expanding global cardholder options.

On Me, Mastercard team up on digital gifting
On Me, a personalized digital gifting platform,
emerged from stealth with $1.7 million in pre-seed
funding from Lerer Hippeau and Focal.VC, alongside
a five-year partnership with Mastercard. Co-founded
by former Google Product Managers Darragh Meaney
and Sitar Harel, On Me aims to revolutionize the $200
billion gift card industry by replacing plastic cards
with mobile wallet integration for Apple Pay and
Google Pay. Offering 70+ interest-based cards valid at
2,000+ retailers, On Me combines sustainable digital
solutions, enhanced security and personalized experi-
ences to create meaningful, eco-friendly gifting for the
modern consumer, On Me stated.
Plume, Credible team up on DeFi financing

Plume Network partnered with Credible Finance, a
payfi platform leveraging Plume's RWAfi blockchain
infrastructure, aiming to process $500M in transac-
tions by 2025. Credible integrates stablecoins, debt
tokenization and AI-powered credit scoring to trans-
form decentralized finance. Backed by investors like
Outlier Ventures and Circle, it offers innovative solu-
tions such as defi collateral management, compliant
lending frameworks and AI-driven on-chain credit
scoring. Since its launch, Credible has facilitated $6
million in loans and plans a mainnet launch. This
partnership showcases Plume's commitment to scal-
able, transparent DeFi solutions and global financial
innovation, the partners stated.

ACQUISITIONS

LexisNexis Risk Solutions to acquire IDVerse

LexisNexis Risk Solutions has agreed to acquire
IDVerse, an AI-driven provider of automated docu-
ment authentication and fraud detection. Founded
in 2018, IDVerse uses deep neural networks to ver-
ify identity documents and match consumer faces
with biometric algorithms, detecting deepfakes and
fraudulent submissions. Its technology authenticates
over 16,000 global ID types across industries and the
public sector. The acquisition will enhance LexisNexis
Risk Solutions’ global fraud prevention capabilities,
combining IDVerse’s AI-powered solutions with its
existing offerings to combat AI-generated fraud and
promote financial inclusion, LNRS stated. The trans-
action is expected to close in early 2025.

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