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FT Partners Advises Finicity on its $1,000,000,000 sale to Mastercard

Overview of Transaction

  • On June 23, 2020, Mastercard (NYSE: MA) announced it has entered into an agreement to acquire Finicity, a leading North American provider of real-time financial data access and insights
  • The acquisition is valued at up to ~$1 billion in total consideration, which is comprised of $825 million at close and up to $160 million in earn-out consideration
  • Finicity enables a secure and innovative financial data-sharing ecosystem through direct connectivity to thousands of North American financial institutions, including next generation open banking API connections with the largest banks in the US
  • Finicity helps power the programs of banks and FinTech companies, using approvals to securely access customer information to provide value-added services such as streamlined loan and mortgage processes, rapid account-based payment initiation and personal financial management solutions

Significance of Transaction

  • The addition of Finicity’s complementary technology and innovative team strengthens the existing Mastercard open banking platform to enable and safeguard a greater choice of financial services, reinforcing the Company’s long-standing partnerships with and commitment to financial institutions and FinTech companies across the globe

FT Partners' Role

  • FT Partners served as the exclusive strategic and financial advisor to Finicity and its board of directors
  • This transaction highlights FT Partners’ deep domain expertise across the FinTech sector and further supports FT Partners’ role as the Advisor of Choice to the highest quality FinTech companies