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.
  • The deal is expected to close pending customary conditions.

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)

Frequently asked questions

When did Backbase announce the acquisition of Kasisto?

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

What sub-sector is Kasisto in?

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

Sources

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