Fiserv Acquires Remaining Ownership Interest in Finxact

February 7, 2022

Fiserv signed a definitive agreement to acquire the remaining ownership interest in Finxact for approximately $650 million, expanding its digital banking strategy. Finxact’s cloud-native, API-first banking technology is intended to help fintechs and financial institutions launch and modernize digital banking experiences more quickly.

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

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