Pollen Street Capital to acquire Universal Banking from Finastra

▤ Summary

Pollen Street Capital plans to acquire Finastra’s Universal Banking division, which sells core banking software to more than 150 customers across over 100 countries. The business centers on Essence, a cloud-first open banking platform that helps banks modernize legacy systems without disrupting operations. Finastra will use the divestiture to focus more tightly on payments and lending. The acquisition should give Universal Banking fresh capital to expand product investment, including generative AI and data capabilities, while continuing as an independent business.

▦ Linked Companies

Finastra

$1B+