Open / Finin 2021
Open Financial Technologies acquired Finin for $10M on December 15, 2021.
- Target
- Finin
- Acquirer
- Open Financial Technologies
- Deal value
- $10M
- Announced
- December 15, 2021
- Sub-sector
- Embedded Finance
Transaction overview
- Open Financial Technologies announced the acquisition of Finin on December 15, 2021 for $10M.
- The deal is expected to close pending customary conditions.
Strategic rationale
Acquisition expands Open's BankingStack cloud-native platform with consumer banking capabilities and strengthens embedded finance offering through Zwitch.
Deal terms & multiples
Frequently asked questions
How much did Open Financial Technologies pay for Finin?
Open Financial Technologies acquired Finin for $10M, announced on December 15, 2021.
When did Open Financial Technologies announce the acquisition of Finin?
Open Financial Technologies announced the acquisition of Finin on December 15, 2021.
What sub-sector is Finin in?
Finin is tracked in the Embedded Finance sub-sector.
Sources
- techstory.in /open-acquires-finin-in-10-million-deal/