FIS acquires banking-as-a-service startup Bond

Consolidation continues apace in the world of fintech. FIS, the fintech giant that runs a wide range of payment, banking and investment services, has acquired Bond, a startup that specializes in embedded finance, multiple sources confirmed today. 
Fintech Business Weekly’s Jason Mikula broke the news last week that the deal was in the works. Our sources confirm that the deal has now closed, as of today.
FIS is not sharing how much it paid for Bond, a San Francisco-based BaaS (banking-as-a-service) startup. But as a point of reference, PitchBook notes that Bond was valued at $182 million the la

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