Transaction · Capital Markets Tech · 2026

Backbase acquires agentic banking platform Kasisto

Backbase acquired agentic banking platform Kasisto for $250M on June 23, 2026.

Target
agentic banking platform Kasisto
Acquirer
Backbase
Deal value
$250M
Announced
June 23, 2026
Sub-sector
Capital Markets Tech

Transaction overview

  • Backbase announced the acquisition of agentic banking platform Kasisto on June 23, 2026 for $250M.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Backbase acquires AI-powered banking platform Kasisto; terms undisclosed.

Deal terms & multiples

Deal value
$250M
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
June 23, 2026
Acquirer
Backbase (Strategic)

Frequently asked questions

How much did Backbase pay for agentic banking platform Kasisto?

Backbase acquired agentic banking platform Kasisto for $250M, announced on June 23, 2026.

When did Backbase announce the acquisition of agentic banking platform Kasisto?

Backbase announced the acquisition of agentic banking platform Kasisto on June 23, 2026.

What sub-sector is agentic banking platform Kasisto in?

agentic banking platform Kasisto is tracked in the Capital Markets Tech sub-sector.

Sources

  • finextra.com /newsarticle/47979/backbase-buys-agentic-banking-platform-kasisto?utm_medium=rssfinextra&utm_source=finextrafeed