About Finicity
Finicity is a company based in Salt Lake City (United States) founded in 1999 by Steven Smith was acquired by Mastercard in June 2020. Finicity has raised $71.06 million across 3 funding rounds from investors including Experian, Mastercard and Bridge Bank. The company has 554 employees as of April 01, 2024. Finicity has completed 1 acquisition, including Aurora Financial Services. Finicity offers products and services including Lend, Assets, Pay, and Manage. Finicity operates in a competitive market with competitors including MX, Plaid, Rutter, Belvo and Spade, among others.
- Headquarter Salt Lake City, United States
- Employees 554 as on 01 Apr, 2024
- Founders Steven Smith
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Finicity Technologies Private Limited
- Date of Incorporation 17 Jun, 2005
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$25.18 M (USD)111.54as on Mar 31, 2023
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Net Profit
$2.68 M (USD)121.47as on Mar 31, 2023
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EBITDA
$4.92 M (USD)120.63as on Mar 31, 2023
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Total Equity Funding
$71.06 M (USD)
in 3 rounds
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Latest Funding Round
$29 M (USD), Series B
Jul 23, 2018
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Investors
Experian
& 2 more
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Employee Count
554
as on Apr 01, 2024
- Investments & Acquisitions
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Acquired by
Mastercard
(Jun 23, 2020)
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Products & Services of Finicity
Finicity offers a comprehensive portfolio of products and services, including Lend, Assets, Pay, and Manage.
Provides FCRA-compliant data for lending decisions and verification.
Offers cleaned and aggregated account data for financial analysis.
Enables account data for payments and fraud prevention services.
Handles categorized transaction data for business insights.
People of Finicity
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Funding Insights of Finicity
Finicity has successfully raised a total of $71.06M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $29 million completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Finicity
Finicity has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Experian, Mastercard and Bridge Bank.
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Experian is recognized as a leader in credit reporting and financial services.
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Commercial bank
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Global payments are processed via card network connections.
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Investor details for Finicity
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Investments & Acquisitions by Finicity
Finicity has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Aurora Financial Services.
Investment portfolio details for Finicity
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Prepaid debit programs are managed and processed for corporations.
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Complete acquisition details for Finicity
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- Domains and locations
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Financial Statements - Finicity
Detailed financials for Finicity
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Finicity Comparisons
Peer comparison for Finicity
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Competitors of Finicity
Finicity operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MX, Plaid, Rutter, Belvo and Spade, among others.
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Data-driven analytics and open banking APIs are provided to businesses.
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Open banking aggregation APIs are provided for individuals and businesses.
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Finance and accounting management is facilitated via an API platform.
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Open banking API solutions are developed for financial data aggregation.
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Data APIs for merchants, categories, and locations are provided online.
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Open banking APIs for transactional data aggregation
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Detailed competitors of Finicity
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Latest news on Finicity
Complete news archive for Finicity
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Frequently Asked Questions about Finicity
Finicity was founded in 1999 and raised its 1st funding round 15 years after it was founded.
Finicity is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Steven Smith is the current CEO of Finicity. They have also founded this company.
Finicity is a funded company, having raised a total of $71.06M across 3 funding rounds to date.
As of Apr 01, 2024, the latest employee count at Finicity is 554.
Annual revenue of Finicity is $25.18M as on Mar 31, 2023.
Finicity was founded in 1999 and is headquartered in Salt Lake City, United States. Open banking aggregation API solutions are provided to the financial services industry. Transaction aggregation, account history aggregation, and statement aggregation are supported through these APIs. Verification services for ACH accounts, income, and assets are also available. Account creation and fraud mitigation are facilitated as part of the offerings.
Finicity offers Lend, Assets, Pay, and Manage.
Finicity has made 1 acquisition, including Aurora Financial Services.
Finicity has 3 investors. Key investors include Experian, Mastercard, and Bridge Bank.