M&A

M&A

Fintech platform Open acquires neo-banking startup Finin for $10-M

Inc42  

Bengaluru-based neobanking fintech platform for SMEs, Open Financial Technologies, has acquired consumer neo-banking startup Finin for USD 10 million in a cash-and-stock deal. The acquisition is expected to strengthen Open's cloud-native enterprise offering BankingStack. The startup claims to have deployed SME digital banking solutions for 17 banks.