Windsor Drake Market Intelligence
Transaction · Neobank · 2021

Open / Finin 2021

Open acquired Finin for $10M on December 20, 2021.

Target
Finin
Acquirer
Open
Deal value
$10M
Announced
December 20, 2021
Sub-sector
Neobank

Transaction overview

  • Open announced the acquisition of Finin on December 20, 2021 for $10M.

Strategic rationale

Finin's neobanking platform complements Open's BankingStack enterprise offering for banks to launch digital banking experiences.

Deal terms & multiples

Deal value
$10M
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
December 20, 2021
Acquirer
Open (Strategic)
Sub-sector
Neobank

Sources

  • siliconindia.com /news/general/indias-open-purchases-neobanking-startup-finin-in-10m-deal-nid-217647-cid-1.html

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