United Fintech has acquired a 25% stake in German fintech, TTMzero, thus entering the Market Data & RegTech space. The firm plans to increase its shareholding vote to 80% over the next three years.
Christian Frahm, Founder and CEO, United Fintech explains, “We are very excited that TTMzero is now part of United Fintech. They are market leaders in their field, with two of the largest investment banks relying on their infrastructure. The acquisition is a key milestone in our quest to help banks to digitize their operations and facilitate the implementation of innovative, cost-saving capital markets products.
“TTMzero currently has a particularly strong presence in Germany, Switzerland and Austria and has huge potential for global growth. We are looking forward to working with the two founders, Sönke Blunck and Simon Ullrich and their team of specialists to scale the business and broaden its global reach, Frahm added.
TTMzero is a RegTech and Capital Markets Tech solutions developer that provides a financial instruments automation platform to digitize processes and workflows for securities and a real-time data analytics platform to provide real-time data for a large number of financial instruments. Both products support the independent valuation of financial instruments while complying with regulatory reporting requirements.
Simon Ullrich, Managing Partner and Head of Business Development at TTMzero said: “This is an ideal partnership. Our skillset is very much focused on developing cutting-edge technology for banks and financial institutions. To realize the full potential of our platforms, we welcome support with sales, marketing and distribution. United Fintech has an impressive, experienced team in these areas and a fantastic global distribution network.”
The acquisition of TTMzero is in line with United Fintech’s strategy of acquiring and scaling innovative fintech companies in capital markets and ultimately creating a one-stop-shop devoted to helping banks and financial institutions accelerate their digital transformation. The company founded in late 2020 plans to acquire a series of financial technology firms over the next five years and build an extensive portfolio that includes trading platforms, liquidity management, and regulatory reporting tools.
United Fintech will use its global sales network across the world, with headquarters in London, to help bring financial institutions to the 21st century using cutting edge technology, such as AI and machine learning applications, Big Data tools, institutional Blockchain, Bots, and Virtual Assistants.
Prior to the acquiring Berlin-based TTMzero, United Fintech bought NetDania, a leading Danish fintech which provides market data, APIs, market terminals, charting components, and full white-labels. Frahm’s company has quickly grown to a team of 75 people and a number of market leading products as they make their way to digitize the financial world.