logo
  

Mastercard To Buy Finicity - Quick Facts

Mastercard (MA) has agreed to acquire Finicity, a North American provider of real-time access to financial data and insights. Headquartered in Salt Lake City, Finicity provides financial data APIs, credit decisioning tools and financial wellness solutions. Mastercard said the addition of Finicity's complementary technology and teams strengthens the Mastercard open banking platform. The purchase price is $825 million. Finicity's shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met.

Mastercard does not expect the acquisition to be incrementally dilutive to its business for greater than 24 months. The company expects the transaction to close by year end.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
When Can We Expect Starlink to Go Public? This question got an answer from Tesla and SpaceX CEO Elon Musk, who said he will only publicly list SpaceX's satellite internet service Starlink when its revenue is more predictable. Musk was responding to a users tweet, "Any thoughts on Starlink IPO we would love to invest in the future. Any thoughts on first dibs for Tesla retail investors?" John David McAfee, who founded the antivirus software company McAfee Associates, has been found dead in a prison cell in Spain shortly after a Spanish court agreed to extradite him to the US to face tax evasion charges, multiple reports said. He was arrested in Spain in October 2020 after being accused of failing to file tax returns for four years. While reporting financial results for the first quarter of fiscal 2022 on Thursday, drugstore chain Rite Aid Corp. (RAD) initiated its adjusted loss and total revenue guidance for the full-year 2022, below analysts' estimates. For fiscal 2022, the company now projects an adjusted loss in a range...
Follow RTT