Press Releases

MasterCard has acquired the leading American Fintech company - Finicity Corporation along with its wholly owned subsidiaries in India and Australia.

The Kochhar & Co. team led by its Mumbai Resident Head & Senior Partner, Rajarshi Chakraborty and Corporate Partner, Sameena Jahangir, advised Finicity on the Indian leg of the global transaction and assisted in all pre closing, closing and post-closing formalities.

Under the terms of the agreement, Mastercard acquired Finicity for USD 825 million upfront, with the potential of USD 160 million in additional earn-out payments contingent on meeting performance targets.

Finicity is one of the leading North American providers of real-time access to financial data and insights. This was a strategic move for MasterCard as Finicity acquisition will give the global payments giant an advantage in digital money management capabilities, bolstering its competitiveness against both banks and its competition. Finicity's open banking prowess will help Mastercard offer a digital money management experience that integrates consumers, fintechs, other banks, and now payments services.