Fidelity National Closes Acquisition of Amount, Expands Financial Services Portfolio

Fidelity National Information Services has acquired Chicago-based Amount, a fintech company that provides payment and lending solutions to financial institutions and retailers. The acquisition will expand Fidelity's payment card issuance services and financial services offerings. Amount's technology will enhance Fidelity's capabilities in payment and lending solutions.

Fidelity National Information Services (FIS) has expanded its financial technology (fintech) portfolio by acquiring Chicago-based Amount, a fintech company specializing in payment and lending solutions for financial institutions and retailers. The acquisition, announced on September 12, 2025, is expected to enhance FIS's payment card issuance services and financial services offerings, leveraging Amount's advanced technology.

Amount, formed in 2020, provides tech solutions to companies aiming to improve or add new services for clients online, such as opening new checking and savings accounts and applying for loans. The company has worked with notable clients like TD Bank, Fifth Third Bancorp, and Barclays, and was valued at $1 billion after a Series D fundraise in 2021 FIS Acquires Goldman Sachs-Backed Startup Amount^[1].

Peter Boyer, interim head of banking at FIS, stated that Amount's technology will eventually support account-opening across all FIS products, expanding offerings for wealth management clients and credit/debit card issuer processing. This acquisition is part of FIS's broader strategy to upgrade its digital offerings and attract more customers online, aligning with the increasing consumer preference for digital financial services FIS Acquires Goldman Sachs-Backed Startup Amount^[1].

The deal, which saw Adam Hughes, Amount's CEO, join FIS's leadership team, underscores FIS's commitment to innovation and growth. FIS has been actively acquiring fintech startups since 2022, including Dragonfly Financial Technologies and embedded finance start-up Bond, under the leadership of CEO Stephanie Ferris. Ferris has pledged to allocate $1 billion annually to mergers and acquisitions, with FIS now set to acquire a unit of Global Payments in a deal valued at $13.5 billion FIS Acquires Goldman Sachs-Backed Startup Amount^[1].

FIS's stock, however, has faced challenges, with shares falling 60% since February 2020 and down 21% this year, while the S&P 500 has advanced 13% FIS Acquires Goldman Sachs-Backed Startup Amount^[1]. The acquisition of Amount is expected to contribute to FIS's efforts to improve its stock performance and stay competitive in the fintech landscape.