Amount’s Acquisition of Linear Financial Technologies

Sidley represented Linear Financial Technologies on the deal.

Small business loan (SMB) and account origination platform, Linear Financial Technologies, announced its sale to Amount, a banking technology provider offering account opening, loan origination, and point-of-sale (BNPL) financing solutions. Linear’s solution set is complementary to Amount’s retail banking and BNPL solutions for consumer loans. Linear’s platform simplifies the borrowing and account opening experience for small business owners and streamlines loan and deposit origination workflows for a broad range of SMB products, ranging from business credit cards, loans, lines of credit, and SBA loans. Following the acquisition, Linear was rebranded and operates as Amount Small Business. Sam Graziano, CEO of Linear, joined Amount’s executive team and became Head of Amount Small Business.

The Sidley team was led by Alexis Cooper (M&A and Private Equity, Picture) and Tracey Nicastro (Global Finance), and included Brendan McCartney, Natalie Kraft, Thomas Johnson, Sylvia Baraniewski, and Ian Helmuth (M&A and Private Equity); Elizabeth Chen, Karen Kazmerzak, and Jamie Sadler (Antitrust/Competition); John Van De Weert (Banking and Financial Services); Alexandra Peterson (Employee Benefits and Executive Compensation); Kathy Cabral, Ram Burshtine, and Allison Satyr (Global Finance); Scott Goldstein (Insurance); Joshua Rovine (Investment Funds); Galit Knotz (Labor and Employment); Elizabeth McCloy (Real Estate); Jim Ducayet and Elizabeth Austin (Securities and Shareholder Litigation); Alvin Wang, Ryan Kelly, Andy Lau, Andrew Smith, Christian Brause, Nicholas Brown, Zackary Pullin, and Eric Grosshandler (Tax); and Mark Kaufmann (Technology and Life Sciences Transactions).

Involved fees earner: Elizabeth Austin – Sidley Austin LLP; Sylvia Baraniewski – Sidley Austin LLP; Christian Brause – Sidley Austin LLP; Nicholas Brown – Sidley Austin LLP; Ram Burshtine – Sidley Austin LLP; Kathy Cabral – Sidley Austin LLP; Elizabeth Chen – Sidley Austin LLP; Alexis Cooper – Sidley Austin LLP; Jim Ducayet – Sidley Austin LLP; Scott Goldstein – Sidley Austin LLP; Eric Grosshandler – Sidley Austin LLP; Ian Helmuth – Sidley Austin LLP; Thomas Johnson – Sidley Austin LLP; Mark Kaufmann – Sidley Austin LLP; Karen Kazmerzak – Sidley Austin LLP; Ryan Kelly – Sidley Austin LLP; Galit Knotz – Sidley Austin LLP; Natalie Kraft – Sidley Austin LLP; Andy Lau – Sidley Austin LLP; Brendan McCartney – Sidley Austin LLP; Elizabeth McCloy – Sidley Austin LLP; Tracey Nicastro – Sidley Austin LLP; Alexandra Peterson – Sidley Austin LLP; Zackary Pullin – Sidley Austin LLP; Joshua Rovine – Sidley Austin LLP; Jamie Sadler – Sidley Austin LLP; Allison Satyr – Sidley Austin LLP; Andrew Smith – Sidley Austin LLP; John Van De Weert – Sidley Austin LLP; Alvin Wang – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Linear Financial Technologies;

Martina Bellini

Author: Martina Bellini