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Amount Acquires Linear Financial Technologies

Feb 01, 2022almost 4 years ago

Acquiring Company

Amount

Acquired Company

Linear Financial Technologies

ChicagoFinancial ServicesInformation TechnologySoftwareFinancial ServicesProfessional Services

Description

Amount, a banking technology provider offering account opening, loan origination and BNPL financing solutions, announced today the acquisition of Linear Financial Technologies (“Linear”), the premier SMB loan and account origination platform.

Company Information

Company

Amount

Location

222 N LASALLE ST STE 1700

Chicago, Illinois, United States

About

Amount helps financial institutions make banking simpler, safer and more convenient with a full suite of end-to-end omnichannel consumer, small business and BNPL solutions. Developed by lending industry experts, Amount’s fully integrated and flexible platform is underpinned by enterprise bank-grade infrastructure and compliance, enabling banks to securely power new and differentiated offerings within months — not years. With Amount, banks can optimize performance across product categories while tapping into various service offerings including customer acquisition, funnel and performance assessments, and risk analytics. Amount clients include financial institutions collectively managing just over $3.1T in US assets and servicing more than 50 million U.S. customers. Visit www.amount.com for more information.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed