United Fintech, headquartered in London, has secured debt financing from Standard Chartered, a major international banking group. United Fintech specializes in acquiring and partnering with fintech firms within the capital markets sector. This initiative aims to create a comprehensive fintech platform that fosters innovation through collaboration with advanced technology providers, benefiting banks, hedge funds, and asset managers.
United Fintech’s acquisition strategy aligns with its vision of creating a one-stop shop for fintech solutions. This financing underscores Standard Chartered’s commitment to advancing digital transformation. United Fintech now completes its circle of global investors, which already includes Citi, BNP Paribas, and Danske Bank.
Committed to Digital Transformation
“The investment underscores Standard Chartered’s commitment to accelerate digital transformation and highlights their forward-thinking approach to collaborative innovation,”
said Christian Frahm, CEO and Founder of United Fintech. Standard Chartered’s global footprint in Asia, Africa, the Middle East, Europe, and the Americas further enhances United Fintech’s broadening investor base, adding to earlier investments by Citi and BNP Paribas in February 2024, and Danske Bank in May.
Standard Chartered has noted its admiration for the growth in United Fintech’s portfolio of innovative, engineering-led technology companies. Geoff Kot, Global Head of CIB Business Platforms & Partnerships at Standard Chartered, expressed confidence in United Fintech’s vision of transforming and disrupting market structure and infrastructure through technology.
Strategic Board Involvement
“We have been impressed by the growth in United Fintech’s portfolio of innovative, engineering-led technology companies and share their vision for how technology can transform and disrupt market structure and infrastructure,”
said Geoff Kot. As part of the deal, Standard Chartered will gain Board observer rights and, upon meeting specific pre-conditions, will be offered a rotational Board seat. This role will allow the bank to share its expertise and contribute to strategic decisions for United Fintech’s future direction.
In past years, United Fintech has progressively built its portfolio by acquiring and partnering with various fintech firms that specialize in different technological solutions within the capital markets. Earlier investments by Citi and BNP Paribas created a solid foundation, which Danske Bank further bolstered. These steps have significantly strengthened United Fintech’s market position, making it an attractive partner for a bank like Standard Chartered.
Standard Chartered’s move aligns with a broader trend among global banks seeking to leverage fintech solutions to enhance their service offerings and operational efficiency. By securing a seat on United Fintech’s Board, Standard Chartered aims to directly influence the strategic decisions and innovations that will shape the future of digital transformation in capital markets.
Standard Chartered’s financing and strategic involvement with United Fintech mark a significant push towards digital innovation in the financial sector. This collaboration is expected to accelerate the development of cutting-edge technologies that can transform market infrastructure and structure. By leveraging insights and expertise from established global banks, United Fintech aims to continue expanding its influence and capabilities in the fintech space. The new Board observer rights for Standard Chartered will ensure a collaborative approach to strategic decision-making, making future growth and innovation more robust and aligned with industry needs.
