- Companies
- Finicity
Finicity Acquisition, Valuation, Funding & Investors
Finicity was acquired by Mastercard for $825M in June 2020.
Cumulative funding Finicity raised
$71M
across 2 funding rounds
Key investors in Finicity
Experian
Thomas Fast
About Finicity
Salt Lake City-based Finicity develops real-time financial data aggregation platforms and APIs that power credit decisioning tools and financial wellness solutions. Established in 2000, it collaborates with Experian on the Boost product and supplies consumer-permissioned data to Rocket Mortgage for lending processes, serving financial institutions and fintech firms.
Founded
1999
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription, Usage-based
Valuation
$825M (acquired Jun 2020)
Finicity Acquisition
Finicity was acquired by Mastercard for $825M on 23 June 2020.
Before the acquisition Finicity had raised $71M across 2 funding rounds.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 23 Jun 2020 | Strategic M&A | $825M |
Finicity Funding History
Finicity has raised a total of $71M across 2 funding rounds.
Finicity's first fundraising round was a $42M Series B in December 2016. The most recent completed round was a $29M Series B in July 2018.
Finicity funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2018 | Series B | - | $29M | - |
| Dec 2016 | Series B | Experian (lead); Thomas Fast | $42M | Finicity is a real-time financial data aggregation and insights provider founded in 1999 and based in Salt Lake City, Utah. The company provides financial data APIs, credit decisioning tools, and financial wellness solutions to financial institutions and fintech platforms, enabling consumers to securely connect their financial accounts across thousands of institutions through third-party applications. In December 2016, Finicity raised $42 million in a Series B financing round led by consumer credit bureau Experian, marking the company's first institutional investment after nearly two decades of operation. At the time of the round, Finicity had approximately 500 employees globally and had raised nearly $80 million in total venture funding since its 1999 inception. The company's technology gained prominence through applications such as Experian Boost, a service that tracks consumer payments to boost credit scores. Finicity was later acquired by Mastercard in June 2020 for $825 million in cash plus up to $160 million in earnouts, bringing the total deal value to approximately $985 million. |
Who has invested in Finicity?
2 investors have backed Finicity across its funding rounds, including Experian and Thomas Fast.
Lead investors include Experian.
Finicity Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialAcquisitions by Finicity
Finicity has acquired 1 company to date.
Last acquisition by Finicity was on September 9th 2015. Finicity acquired Aurora Financial Systems for undisclosed valuation.
Latest Acquisitions by Finicity
| Description | Aurora Financial Systems is a prepaid card processor offering turnkey programs for corporate incentives, consumer rewards, and government disbursements. The platform supports EMV chip cards, virtual cards, and mobile wallets with PCI DSS Level 1 compliance for transactions in 150 currencies. |
| HQ Country | |
| HQ City | New York City, NY |
| Deal Date | 9 Sep 2015 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Finicity acquisitions and their M&A valuation multiples. Start Free Trial | |
Finicity Competitors
Finicity competitors include listed companies like Marex Group and Worldline, and private ones like Alpaca, Yapily, Codat and Elixir.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $1.1B | 11.5x | ||
| Private | $4M | - | $500M | 125.0x | ||
| Publicly listed | $3.6B | $1.2B | $5.3B | 3.5x | ||
| Private | - | - | $825M | - | ||
| Private | - | - | $800M | - | ||
| Publicly listed | $4.6B | ($5.2B) | $887M | 0.7x |
Finicity Public Comps
Finicity is no longer listed, but its public comps include Worldline, Sunyard Technology, AMTD Digital, CARE Ratings, GlobalData, Abaxx Technologies, Finatext, PensionBee, Fawry and Value Line.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.6B | ($5.2B) | 0.6x | 0.7x | (0.6x) | 3.8x | |||
| $307M | $10M | 2.2x | - | 69.2x | - | |||
| $59M | $18M | 19.5x | - | 62.9x | - | |||
| $49M | $21M | 9.2x | 9.9x | 21.5x | 20.5x | |||
| $433M | $140M | 1.7x | 1.7x | 5.3x | 5.0x | |||
| $749K | ($28M) | 600.9x | 136.9x | (16.1x) | (10.0x) | |||
| $71M | $13M | 6.3x | 5.4x | 34.1x | - | |||
| $57M | ($5M) | 6.6x | 5.5x | (81.4x) | 107.9x | |||
This data is available for Pro users. Sign up to see all Finicity competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Finicity
| When was Finicity founded? | Finicity was founded in 1999. |
| Where is Finicity headquartered? | Finicity is headquartered in Salt Lake City, UT, United States. |
| Is Finicity publicly listed? | No, Finicity was acquired by Mastercard in June 2020. |
| Who acquired Finicity? | Finicity was acquired by Mastercard in June 2020. |
| How much was Finicity acquired for? | Finicity was acquired for $825M in June 2020. |
| How much funding has Finicity raised? | Finicity has raised $71M across 2 funding rounds. |
| What was Finicity's last funding round? | Finicity's last funding round was a $29M Series B in July 2018. |
| Who are Finicity's investors? | Finicity's investors include Thomas Fast and Experian. |
| Which companies are comparable to Finicity? | Companies comparable to Finicity include Alpaca, Yapily, Marex Group, Codat, Elixir and Worldline. |
| How many companies has Finicity acquired? | Finicity has acquired 1 company, including Aurora Financial Systems. |
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