Mastercard Acquires Finicity for $825M to Boost Open Banking
June 23, 2020
Mastercard has agreed to acquire Finicity, a Salt Lake City-based provider of financial data APIs and analytics, for $825 million plus up to $160 million in potential earn-outs. The acquisition strengthens Mastercard's open banking capabilities and expands its data and account verification offerings for banks, fintechs and lenders in North America and beyond.
- Buyers
- Mastercard
- Targets
- Finicity
- Sellers
- Finicity's existing shareholders
- Industry
- Payments & Fintech
- Location
- Utah, United States
- Transaction Type
- Buyout
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