United Fintech, a London, UK-based neutral digital transformation platform, received an investment from Standard Chartered.
The amount of the deal was not disclosed.
The investment supports Standard Chartered’s plans to contribute to the advancement of digital transformation solutions across capital markets, wholesale banking and wealth management, and the broader financial services arena. As part of the investment, Standard Chartered has been granted Board observer rights and subject fulfilment of certain pre-conditions, will be offered a rotational Board seat, enabling it to share existing expertise and contribute to decisions around the platform’s strategic direction.
Led by CEO Christian Frahm, United Fintech is a provider of an industry-neutral digital transformation platform where global financial institutions and technology providers come together to free their potential and enable enhanced finance services. It has acquired fintech companies and continues to seek strategic acquisitions that drive digital innovation and offer solutions to enhance the capabilities of financial institutions worldwide.
FinSMEs
12/08/2024