Bruger:Soenilist/sandkasse

United Fintech

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United Fintech is an industry-neutral Digital Transformation Platform for the financial sector founded in 2020 by Christian Frahm, a Danish native and entrepreneur.

Christian Frahm founded United Fintech subsequent to selling his previous venture CFH Group for GBP100million to PlayTech PLC in 2016[1] with a vision to provide banks and Financial Institutions with easy access to the newest technology and accelerate their transition into the digital world. [2]

Investors

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Soon after its inception, United Fintech attracted financial backing from an array of private investors[3] as well as three equity partners i.e. former CFH Group CEO Marc Levin,[4] former BEC executive Erik Nordahl[5] and former Goldman Sachs executive Tom Robinson.[6]

In February 2024, BNP Paribas and Citi announced strategic investments in United Fintech followed by Danske Bank in May 2024, according to Bloomberg.[7]

Acquisitions and expansion

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Since 2020, United Fintech has had its headquarters in London, however, has continuously expanded with offices in i.a. Denmark, Germany, Romania, Spain, Singapore, UAE[8] and the US from where the company operates its five acquired partner companies:

  • Netdania acquired in 2020[9]
  • TTMzero acquired in 2021[10]
  • FairXchange acquired in 2021[11]
  • Athena acquired in 2021[12]
  • CobaltFXacquired in 2022[13]

References

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  1. ^ https://www.leaprate.com/news/playtech-acquires-cfh-group-for-120-million/
  2. ^ https://fxnewsgroup.com/forex-news/institutional/christian-frahm-launches-united-fintech-acquires-netdania/
  3. ^ https://borsen.dk/nyheder/finans/eqt-folk-gaar-ind-i-ny-fintech-der-vil-vaere-gamechanger
  4. ^ https://www.leaprate.com/forex/executives/former-cfh-ceo-marc-levin-joins-united-fintech/
  5. ^ https://fxnewsgroup.com/forex-news/executives/erik-nordahl-joins-christian-frahm-united-fintech/
  6. ^ https://fxnewsgroup.com/forex-news/institutional/christian-frahm-launches-united-fintech-acquires-netdania/
  7. ^ https://www.bloomberg.com/news/articles/2024-05-07/danske-joins-citi-bnp-paribas-investing-in-fintech-m-a-company
  8. ^ https://www.financemagnates.com/fintech/united-fintech-opens-difc-office-targets-uaes-financial-sector/
  9. ^ https://www.fintechfutures.com/2020/11/united-fintech-launches-in-uk-and-acquires-netdania/
  10. ^ https://www.financemagnates.com/fintech/news/united-fintech-acquires-25-stake-in-german-fintech-ttmzero/
  11. ^ https://www.fintechfutures.com/2021/11/fairxchange-marks-united-fintechs-third-acquisition-in-its-first-year/
  12. ^ https://www.thetradenews.com/united-fintech-adds-athena-to-portfolio-completing-fourth-acquisition-in-a-year-to-support-streets-desire-for-one-stop-shop/
  13. ^ https://www.financemagnates.com/fintech/united-fintech-strengthens-fx-trading-by-acquiring-cobalt/