Deal
FISERV INC acquires Finxact, Inc.
April 2022
Full acquisition
Ready
01 Scorecard
The deal at a glance
Private-market deal
FISERV INC acquires Finxact, Inc.
Deal value
(not disclosed)
Sector
Fintech / cloud-native digital banking
Date
April 2022
VectorShift
Made on VectorShift
FISERV INC acquired Finxact, Inc., a transaction completed in April 2022.
Finxact, Inc. operates in Fintech / cloud-native digital banking. Finxact, Inc. ('Finxact') is a developer of cloud-native banking solutions powering digital transformation throughout the financial services sector; Fiserv acquired the remaining majority controlling ownership interest, advancing its digital banking strategy across account processing, digital and payments solutions.
Cloud-native core banking platform that advances Fiserv's digital banking strategy. Disclosed in Fiserv's FY22 Form 10-K; integrated into the noted operating segment.
Finxact, Inc. ('Finxact') is a developer of cloud-native banking solutions powering digital transformation throughout the financial services sector; Fiserv acquired the remaining majority controlling ownership interest, advancing its digital banking strategy across account processing, digital and payments solutions.
Fiserv FY22 Form 10-K, Acquisitions note
Advisors not disclosed
No advisory firms have been disclosed for this transaction.