Socure has acquired Qlarifi as part of its strategy to reshape the future of real-time consumer credit and fraud prevention.
The acquisition centres on combining Socure’s identity and anti-fraud capabilities with Qlarifi’s real-time BNPL credit data, creating what the companies describe as the industry’s first unified infrastructure for identity verification, fraud mitigation and responsible BNPL lending. This system aims to offer lenders clearer insight into borrower behaviour while giving consumers more reliable pathways to build credit.
Socure provides a broad suite of solutions—including consumer and business verification, age assurance, credit underwriting, fraud prevention, AML compliance and authentication—through its RiskOS™ platform. It has sought to address growing gaps in high-frequency lending markets, where traditional credit bureaus struggle with millisecond decisioning and granular repayment data. Qlarifi, meanwhile, was founded to tackle BNPL overextension and loan stacking, offering real-time visibility into repayment behaviour across multiple providers.
The deal comes as BNPL adoption accelerates globally. In the US, BNPL now accounts for almost 6% of e-commerce transactions and is expanding at over 20% each year. Worldwide, BNPL spend is forecast to exceed $700bn by 2028. However, infrastructure gaps have left lenders without cross-provider visibility, consumers without credit-building opportunities and merchants exposed to rising first party fraud.
Qlarifi’s platform has already shown promise through a pilot in Europe, where its technology helped identify high-risk borrowing patterns and reduce fraud exposure. By integrating Qlarifi data with Socure’s Identity Graph and RiskOS engine, the combined system will allow lenders to validate applicants across providers, detect loan stacking, reduce fraud losses by up to 70% and support thin-file consumers in accessing responsible credit.
Qlarifi CEO Alex Naughton said, “We built Qlarifi to solve a very real pain point: the lack of infrastructure to protect consumers from overextending themselves across multiple BNPL providers. By joining forces with Socure, we now have their tremendous commercial scale, balance sheet, and world-class analytics behind us to build the infrastructure that will enable responsible lending at scale and demonstrate to regulators that the industry can protect consumers while expanding access to credit.”
Socure CEO and founder Johnny Ayers said, “BNPL has outgrown the legacy systems that were never designed to support their innovative lending products. At the same time, consumers deserve a safe path to build credit, lenders need real time visibility to reduce fraud and risk, and regulators require transparency and reporting. Qlarifi built the first real-time BNPL consumer credit database, and by combining it with SocureID and our Identity Graph, we can deliver the unified infrastructure that all market participants have been asking for.”
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