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
Mastercard set to acquire Finicity for $825m
