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August 13, 2022
Finance Technologies

Mastercard set to acquire Finicity for $825m

Mastercard has agreed to buy Finicity, a financial data aggregation start-up, for $825 million. Finicity has a focus on credit decisioning solutions If performance targets are met, Finicity’s existing shareholders will earn up to $160 million on top of the sale price, taking the total value of the deal to $985 million. This follows a similar move by rival Visa in January, which saw the card issuer giant buy data aggregator fintech Plaid for five times the price of Finicity at $5.3 billion. Much like Plaid’s open banking services, Finicity allows financial services firms to gain financial insights around payments, account…
Mastercard set to acquire Finicity for 5m

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