Standard Chartered has invested in United Fintech, the London headquartered neutral digital transformation platform catering to banks, hedge funds, and asset managers.
Founded and led by fintech industry veteran Christian Frahm, United Fintech acquires and forms partnerships with fintech companies in the capital markets space, creating a fintech one-stop-shop.
StanChart joins Citi and BNP Paribas, who initially invested in February 2024, as well as Danske Bank, who followed in May.
“Thrilled to have them complete our circle of global investors”
The investment aligns with Standard Chartered’s goal to advance digital transformation in capital markets, wholesale banking, wealth management, and broader financial services.
Standard Chartered will gain Board observer rights and, upon meeting certain preconditions, will receive a rotational Board seat. This position will allow Standard Chartered to share expertise and influence the platform’s strategic decisions.
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Geoff Kot, Global Head, CIB Business Platforms & Partnerships at Standard Chartered, said: “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. We look forward to partnering with them as we continue on our journey of digital transformation.”
Christian Frahm, CEO and Founder of United Fintech, said: “The investment underscores Standard Chartered’s commitment to accelerate digital transformation and highlights their forward-thinking approach to collaborative innovation. As an Asia-focused multinational bank with an expansive footprint in Asia, Africa, Middle East, Europe and Americas, we are thrilled to have them complete our circle of global investors, joining Citi and BNP Paribas, who initially invested in February 2024, as well as Danske Bank, who followed in May.”
United Fintech offers Athena, CobaltFX, FairXchange, Netdania, and TTMzero
United Fintech recently opened a new office in the Dubai International Financial Centre (DIFC) in a strategic expansion into the UAE spearheaded by Athena, one of United Fintech’s partner companies.
Recognizing the UAE’s critical role as a hub for financial technology, the industry-neutral Digital Transformation platform for banks and FIs wants to address the increased market demand in the region, where the West meets the East.
The fintech specialist says it is already seeing significant interest, namely for Athena’s full front-to-back OMS/PMS solution.
Employing over 160 people in eight countries, including the UK, Denmark, Spain, and the USA, United Fintech provides access to an extensive range of products from five capital markets software companies: Athena, CobaltFX, FairXchange, Netdania, and TTMzero.
United Fintech recently announced an executive reshuffle.
