About a year after Experian received authorization from the U.K.’s FCA, the company has made further inroads into the nation with the acquisition of U.K.-based ClearScore. The deal is anticipated to close for $385 million (£275 million).

Brian Cassin, Experian CEO described the move as “another important step in our strategy to extend the services we provide to U.K. consumers.” Cassin added, “Our goal is to provide more choice and greater convenience to individuals who want access to personal financial products at the best prices, while also making it easier for credit providers to offer better, more tailored offers to consumers.”

Founded in 2014, ClearScore has onboarded 6 million members in the U.K. through its free membership model. The company matches individuals to personal financial products, offers free credit reports, and provides financial education. Similar to Credit Karma in the U.S., ClearScore generates revenue through referral fees paid by lenders and other service providers on its site. The company is projected to generate $55 million in revenue in 2018, a 50% increase over what it earned in 2017.

Experian will retain the ClearScore brand and include it as part of its broader offering in the U.K. The company says it will benefit from ClearScore’s skills in creating a consumer-friendly user experience and in member engagement. Additionally, the acquisition will expand Experian’s geographical reach into South Africa, where ClearScore recently began offering services.

Additional payout is contingent on future financial performance. The transaction is subject to regulatory approval and is expected to close later in 2018.

Headquartered in Dublin, Ireland, Experian most recently presented at FinovateFall 2017 where it debuted Text for Credit. The new service allows consumers in search of credit to initiate the process with a text message, allowing them to review and apply for credit offers in minutes using their mobile device. Last month, the company earned a spot on One World Identity’s list of top 100 influencers.