AMOUNT ACQUIRES LINEAR FINANCIAL TECHNOLOGIES
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.
Linear’s solution set is complementary to Amount’s retail banking and BNPL solutions for consumer loans. Linear’s platform simplifies the borrowing and account opening experience for small business owners and streamlines loan and deposit origination workflows for a broad range of SMB products, ranging from business credit cards, loans, lines of credit and SBA loans. The company has an expansive and diverse set of name brand clients, including Citizens Bank, PNC Bank, Fifth Third Bank, Bank of the West, and American Express, among others.