Digital Banking

Amount inks acquisition of Linear Financial Technologies

February 11, 2022

Amount, a banking technology provider, has acquired Linear Financial Technologies, a small-medium business loan and account origination platform. Linear's solution simplifies and streamlines the borrowing and account opening experience and will work together with Amount's retail banking and BNPL solutions for consumer loans, according to a press release.

As part of the acquisition, Linear will rebrand as Amount Small Business and Sam Graziano, CEO of Linear, will become head of Amount Small Business.

"In Linear, we saw an opportunity to pair Amount's consumer banking solution and buy now, pay later technology with Linear's small business banking solutions to help financial institutions simplify and streamline business processes to create new business opportunities and increase value for our clients," Adam Hughes, CEO of Amount, said in the release. "We admire what Sam and his team have built at Linear, especially as we share many of the same values when it comes to developing technology, with a heavy focus on bringing data and insights to the forefront, to improve customer experiences, business processes and risk management. I'm excited to welcome the Linear team to Amount and look forward to working beside them to expand Amount's product set."