MasterCard has acquired the leading American Fintech company – Finicity Technologies along with its two wholly owned subsidiaries in India and Australia. Working closely with the international law firm – Cooley LLP, the Kochhar team comprising its Mumbai Resident Head & Senior Partner Rajarshi Chakraborty, Partner Sameena Jahangir, Senior Associate Tavishi Chandra and Associate Sneha Bhagwat advised Finicity on the Indian leg of the global transaction and assisted in all pre-closing, closing and post-closing formalities. Under the terms of the agreement, Mastercard acquired Finicity for US$ 825 mn upfront, with the potential of US$ 160 mn in additional earn-out payments contingent on meeting performance targets.