FIS, the fintech behemoth that manages a wide range of payment, banking, and investing services, has purchased Bond Financial Technologies, a Banking-as-a-Service startup that specializes in embedded finance, including credit cards for consumers and charge cards for businesses. The purchase price has not been disclosed. The last time Bond raised capital, in 2020, it was valued at $182 million. Bond has successfully raised $42 million since 2019.
FIS acquires banking-as-a-service startup Bond
