M&A M&A
Fintech platform Open acquires neo-banking startup Finin for $10-M
Source Inc42 (opens in a new tab)
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.