“We are encouraged by the enthusiastic market reception and the substantial opportunities this presents for our growth and the enhancement of our ecosystem.”
United Fintech has 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.
“DIFC marks a strategic advancement for United Fintech”
Christian Frahm, CEO, United Fintech, said: “Expanding into the DIFC marks a strategic advancement for United Fintech, broadening the global footprint of our industry-neutral Digital Transformation platform and meeting the growing demands of the financial services industry. We are encouraged by the enthusiastic market reception and the substantial opportunities this presents for our growth and the enhancement of our ecosystem.”
Rasmus Bagger, CCO, United Fintech, commented: “This is a significant opportunity for United Fintech and we are excited about growing our client base and team in the region and playing a major role in connecting Financial Institutions with cutting-edge technology providers, all under a single platform.”
Raj Rathor, Head of EMEA Sales at Athena, added: “United Fintech’s establishment in the DIFC is significantly broadening Athena’s horizons, enhancing our ability to extend our services to drive technical transformation and enhance the operating models of asset managers and hedge funds in the region. The ability for the buy-side to have a truly cloud-native solution that can keep clients’ data within the state is a game changer. Growing our footprint throughout the GCC represents our commitment to the region’s buy-side community, our GCC clients and acts as a strategic milestone for the entire United Fintech group.”
Employing over 160 people in eight countries, including the UK, Denmark, Spain, and the USA, United Fiontech provides access to an extensive range of products from five capital markets software companies: Athena, CobaltFX, FairXchange, Netdania, and TTMzero.
United Fintech, which recently announced an executive reshuffle, also welcomed Danske Bank to its circle of institutional investors.
Danske Bank acquired a stake in the fintech of fintechs founded by Christian Frahm. The firm’s mission is to become the backbone of finance in the digital era, accelerate innovation, and unite the best fintech founders on a single platform by acquiring startups, optimizing their business, and making them part of a fintech one-stop-shop for banks, brokers, hedge funds, and asset managers. United Fintech intends to create an efficient symbiosis between customers, banks, and technology that results in elegant solutions for automating workflows, easing onboarding, delivering efficiencies, and saving costs. BNP Paribas and Citi also hold stakes in the company.
