Global Banks Investment in United Fintech Platform

Explore cutting-edge financial solutions through United Fintech Investment Platform, backed by global leaders BNP Paribas and Citi.

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United Fintech Investment Platform attracts global banking giants BNP Paribas and Citi, marking a pivotal shift in institutional support. This strategic investment round, spearheaded by Citi, signifies a pivotal moment in the financial industry, underlining a significant shift towards collaborative fintech innovation.

The specifics of the investment, including the amount contributed by BNP Paribas and Citi and the percentage of the company acquired, remain undisclosed. Moreover, As part of the agreement, BNP Paribas and Citi will each secure rotating board seats, establishing a unique governance model that enables institutional investors to shape the platform’s strategic direction actively.

United Fintech actively engages in advanced discussions with other key strategic investors to further bolster its transformative journey. The company’s commitment extends beyond mere financial collaboration, as it plans to host quarterly industry roundtables. Furthermore, These sessions aim to address shared challenges and foster innovation, creating a collaborative ecosystem where financial institutions can combine resources and ideas to expedite their transition into the digital era.

Global Banks Investment in United Fintech Platform

Junaid Baig, Head of Strategic Investments & Co-Head of Strategy at BNP Paribas Global Markets, emphasized the importance of trust in validating fintechs and creating a robust innovation ecosystem. He sees this collaboration as the commencement of a new era where industry participants can grow collectively.

Ayesa Latif, Global Head of Foreign Exchange Products at Citi, highlighted the increasing challenge of procuring specialist fintech firms for large institutions. Moreover, She expressed confidence in United Fintech’s neutral Digital Transformation Platform, which fills market gaps, complements overall offerings, and drives market innovation through collective efforts.

Founded in 2020 by CEO Christian Frahm, United Fintech has swiftly expanded its presence, boasting over 160 employees across eight countries. This significant investment round represents a major milestone for the company and is expected to pave the way for additional support from strategic investors.

Christian Frahm expressed gratitude for the backing of Citi and BNP Paribas, considering it a testament to forward-thinking leadership. He anticipates that more financial institutions will follow suit as the vision of a neutral industry platform for digital transformation gains momentum. Lastly, The support from C-level executives over the past four years energizes United Fintech’s pursuit of a unified ecosystem and signals a promising future for the company.

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