Financial technology leader FIS has acquired Amount, a Chicago based fintech firm specializing in digital banking and lending tools. The deal, announced on September 24, 2025, aims to help banks offer faster account openings and better lending services without revealing financial terms.
Details of the Acquisition
FIS, a global player in financial services, completed the purchase of Amount to strengthen its digital offerings. This move lets FIS integrate Amounts software as a service platform into its existing systems for banks and credit unions.
Amount, founded in 2019 and spun out from lender Avant in 2020, provides tools for unified digital account origination. It uses artificial intelligence to handle deposits, loans, and card services efficiently.
The acquisition includes all 158 Amount employees joining FIS. Amount will keep its Chicago headquarters, ensuring smooth operations.
FIS leaders see this as a way to lead in modern banking. They expect it to help clients grow deposits and loans securely in a digital world.
Why This Matters for Banks
Banks face growing demand for quick online services. Customers want easy account setup and lending without long waits or paperwork.
FIS now offers a more complete package. It combines Amounts tech with its own core banking and card systems.
This could reduce fraud and improve customer experiences. For example, small businesses might get faster loan approvals through embedded AI features.
Recent trends show fintech mergers rising. In 2025, similar deals have helped companies like Fiserv expand into stablecoins and digital payments.
FIS Company Background
FIS started in 1968 and serves over 15,000 clients worldwide. It handles payment processing, risk management, and customer tools.
The firm processes 50 trillion dollars in transactions each year. It oversees assets worth 16 trillion dollars.
In 2024, FIS reported 14.51 billion dollars in revenue, up from the previous year. Operating income hit 3.55 billion dollars, showing strong growth.
For 2025, FIS expects to return over 1.2 billion dollars to shareholders through buybacks and dividends. First quarter results showed a 3 percent revenue increase and adjusted earnings per share of 1.21 dollars.
FIS has made other moves, like acquiring Dragonfly, to build its tech edge.
Amounts Journey and Challenges
Amount raised 313 million dollars in funding since starting. It reached a 1 billion dollar valuation in 2021 after an 81 million dollar round.
The company bought small business lender Linear for 175 million dollars. But in 2022, it faced layoffs, cutting 18 percent then another quarter of staff amid market slumps.
Last year, Amount added 30 million dollars more. Its current valuation remains unknown after the FIS deal.
Amounts story highlights fintech ups and downs. Many startups have merged with bigger firms to survive economic shifts.
Impact on the Fintech Industry
This acquisition fits a pattern of consolidation in fintech. Established companies buy innovative startups to stay competitive.
For instance, heres a look at recent major fintech deals in 2025:
- Fiserv launched a stablecoin platform with partners like Circle and Solana.
- Other firms like PayU acquired BillDesk for 4.7 billion dollars in a massive Indian deal.
A table of key fintech acquisitions this year shows the trend:
| Company | Acquired Firm | Focus Area | Deal Value (Approximate) |
|---|---|---|---|
| FIS | Amount | Digital Banking | Undisclosed |
| Fiserv | Stablecoin Tech | Payments | Not Applicable |
| PayU | BillDesk | Payments Aggregation | 4.7 Billion Dollars |
| FTX | BlockFi | Crypto Lending | 25 Million Dollars |
These moves aim to meet rising needs for secure digital tools. As open banking grows, such integrations could speed up innovation.
Competition heats up in the US and globally. FISs expanded portfolio might help it lead in end to end digital banking.
Future Outlook and Benefits
Experts predict this deal will help FIS clients modernize faster. Banks can now offer modular solutions that fit various sizes.
For consumers, it means simpler banking apps and quicker services. Small businesses gain from streamlined lending.
FIS plans to use Amounts cloud first approach for better scalability. This aligns with industry shifts toward AI driven decisions.
Overall, the acquisition positions FIS for long term growth in a digital first economy.
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