Fintech Galaxy / Underlie 2022
Fintech Galaxy acquired Underlie on December 23, 2022.
- Target
- Underlie
- Acquirer
- Fintech Galaxy
- Announced
- December 23, 2022
- Sub-sector
- Financial Data / Open Banking
Transaction overview
- Fintech Galaxy announced the acquisition of Underlie on December 23, 2022.
- The deal is expected to close pending customary conditions.
Strategic rationale
Acquire Open Banking API expertise and local Egyptian market knowledge to expand Fintech Galaxy's Open Finance and Open Banking services across the region.
Deal terms & multiples
Frequently asked questions
When did Fintech Galaxy announce the acquisition of Underlie?
Fintech Galaxy announced the acquisition of Underlie on December 23, 2022.
What sub-sector is Underlie in?
Underlie is tracked in the Financial Data / Open Banking sub-sector.
Sources
- thepaypers.com /online-mobile-banking/fintech-galaxy-expands-as-it-acquires-egypts-open-banking-platform-underlie--1259662