Windsor Drake
Transaction · Capital Markets Tech · 2026

Backbase acquires Kasisto

Backbase acquired Kasisto on June 23, 2026.

Target
Kasisto
Acquirer
Backbase
Announced
June 23, 2026
Sub-sector
Capital Markets Tech

Transaction overview

  • Backbase announced the acquisition of Kasisto on June 23, 2026.

Strategic rationale

Backbase acquires Kasisto to integrate agentic AI into banking operations platform.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
June 23, 2026
Acquirer
Backbase (Strategic)
Sub-sector
Capital Markets Tech

Sources

  • pymnts.com /news/acquiring/2026/backbase-acquires-kasisto-to-promote-agentic-banking/

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