M&A Deal Summary

MasterCard Acquires Finicity

On June 23, 2020, MasterCard acquired internet software and services company Finicity for 985M USD

Acquisition Highlights
  • This is MasterCard’s 6th transaction in the Internet Software and Services sector.
  • This is MasterCard’s 4th largest (disclosed) transaction.
  • This is MasterCard’s 12th transaction in the United States.
  • This is MasterCard’s 2nd transaction in Utah.

M&A Deal Summary
Date 2020-06-23
Target Finicity
Sector Internet Software and Services
Buyer(s) MasterCard
Deal Type Add-on Acquisition
Deal Value 985M USD

Target

Finicity

Murray, Utah, United States
Finicity Corp. is an internet and mobile software services company specializing in personal financial productivity applications, financial wellness programs, and data services for the FinTech industry.

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Buyer(S) 1

Buyer

MasterCard

Purchase, New York, United States
Category Company
Founded 1966
Sector Financial Services
Employees33,400
Revenue 25.1B USD (2023)
DESCRIPTION

MasterCard is a payments solutions company that provides a family of well-known, widely-accepted payment card brands including MasterCard, Maestro and Cirrus and serves consumers, financial institutions, and businesses in over 210 countries and territories worldwide. MasterCard was founded in 1966 and is based in Purchase, New York.

DEAL STATS #
Overall 21 of 28
Sector (Internet Software and Services) 6 of 8
Type (Add-on Acquisition) 17 of 23
State (Utah) 2 of 2
Country (United States) 12 of 16
Year (2020) 1 of 1
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 RiskRecon

Salt Lake City, Utah, United States

RiskRecon is a provider of artificial intelligence and data analytics solutions to support companies in protecting their cyber systems and infrastructure. RiskRecon’s pioneering scanning and evaluation technologies proactively manage cyber risks, better safeguarding critical intellectual property and consumer and payment data. RiskRecon is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Ekata

Seattle, Washington, United States

Ekata is a digital identity verification solution that provides businesses worldwide the ability to link any digital transaction to the human behind it. Ekata product suite is powered by the Ekata Identity Engine, comprised of two proprietary data sets the Ekata Identity Graph and the Ekata Identity Network. Ekata's global suite of APIs and SaaS solutions help 2,000+ businesses and partners combat cyber fraud and enable an inclusive, frictionless experience in over 230 countries and territories. Ekata is based in Seattle, Washington.

Buy $850M
Mergr

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