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Spring Labs is building out a blockchain-based data-sharing platform.
TransUnion is leading Spring Labs' $30 million Series B funding round, previously undisclosed.
KEY POINTS
- Spring Labs will access TransUnion's 10,000 financial institution customers and sales force for scaling.
- Steve Chaouki, TransUnion's U.S. Markets president, will join Spring Labs' board as part of the deal.
- Spring Labs' blockchain platform aims to let companies share information anonymously and protect consumer privacy.
- TransUnion is partnering with Spring Labs to accelerate into new markets beyond traditional credit reporting.
COMPANIES
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