Amount completed the acquisition of Linear FT.

Amount, a banking technology provider, completed the acquisition of Linear FT, premier SMB loan and account origination platform. Financial terms were not disclosed. “The foundational items necessary for success in SMB lending are akin to those in consumer lending - namely modern digital customer experiences, data aggregation, process automation and risk-based analytics. That is why the synergy potential from joining forces with Amount was obvious to us given their unmatched expertise and reputation in the consumer lending space. We are also seeing a desire for our bank clients to simplify their vendor portfolios and build deeper relationships with the ones they trust. So there is a huge opportunity for both Linear and Amount to deepen our existing relationships while also going to the market with a more diverse set of solutions,” Sam Graziano, Linear CEO.