Amount Acquires Linear Financial Technologies for $175M

Amount, a fintech platform providing digital banking and lending technology to financial institutions, announced the acquisition of Linear Financial Technologies for $175 million in cash and stock. Linear specialized in business banking technology, and the combination creates a more comprehensive platform covering both consumer and commercial banking use cases. Amount's existing clients include major institutions such as TD Bank, Regions Financial, American Express, and PNC.

By adding Linear's capabilities, Amount can offer banks a unified technology stack for digital account opening, lending, and deposit products across both consumer and business segments. The deal reflects ongoing consolidation in the fintech infrastructure space as banks seek turnkey partners to power embedded finance and digital transformation initiatives. The $175 million transaction was funded through a mix of cash and equity.

The combined entity is positioned to serve as a key technology layer enabling traditional banks to compete with neobanks and BaaS providers.