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has agreed to acquire Utah-based fintech startup , the company announced Tuesday.

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The acquisition price comes to $825 million, and Finicity鈥檚 existing shareholders could earn up to an additional $160 million if certain performance targets are met, according to a from the companies.

Finicity provides real-time financial data aggregation and insights. The company is based in Salt Lake City and also has an office in Mumbai, India, according to its website.

The acquisition will bolster Mastercard鈥檚 open banking platform, the company said.

鈥淥pen banking is a growing global trend and a strategically important space for us. With the addition of Finicity, we expect to not only advance our open banking strategy, but enhance how we support and accelerate today鈥檚 digital economy across several markets,鈥� Mastercard President Michael Miebach said in a statement. 鈥淔inicity has a proven business, built on partnerships with thousands of banks and fintechs, similar to us. Finicity also shares our commitment to consumer-centric data practices, ensuring consumers have a say in how and where their information should be used.鈥�

Mastercard鈥檚 recent acquisitions include and , according to 附近上门 data.

Finicity鈥檚 acquisition follows a couple other large notable fintech acquisitions in the last year. bought Honey for $4 billion, and Visa bought Plaid for $5.3 billion for example. Finicity鈥檚 price tag was lower than or 鈥檚, but a large sum nonetheless. And it鈥檚 another big exit for Utah鈥檚 growing startup scene.

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