Fiserv Acquires Finxact to Accelerate Digital Banking Capabilities

February 7, 2022

Fiserv, a global provider of payments and financial services technology, agreed to acquire Finxact, a cloud-native core banking platform, purchasing the remaining ownership interest for approximately $650 million. The acquisition brings Finxact's API-first, real-time banking capabilities into Fiserv's portfolio to accelerate digital banking innovation for banks, fintechs and embedded finance partners.

Buyers
Fiserv, Inc.
Targets
Finxact, Inc.
Industry
Cloud & SaaS
Location
Florida, United States
Transaction Type
Buyout

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