United Fintech acquires CBA, expanding its digital banking solutions and enhancing trade finance and payments capabilities.
United Fintech acquires CBA, expanding its digital banking solutions and enhancing trade finance and payments capabilities.
United Fintech acquires CBA, an Oslo-based leader in API-driven trade finance and payment solutions, expanding its portfolio. This acquisition strengthens United Fintech’s position in the commercial banking sector. Backed by a mix of equity and debt from major investors, including BNP Paribas, Citi, Danske Bank, and Standard Chartered, the deal marks United Fintech’s strategic entry into the commercial banking space.
CBA has established itself as a trusted partner for top banks across Europe and Asia, with ABN AMRO being one of its standout clients. This highlights CBA’s technology as credible and high-quality, primarily known for enabling seamless, efficient, and secure trade finance and payments operations.
By acquiring CBA, United Fintech gains an advanced suite of solutions that further solidify its mission to provide cutting-edge, scalable technology for financial institutions, helping them modernize their legacy systems and stay ahead in an increasingly digital world.
The acquisition will drive operational efficiency for commercial banks, allowing them to adopt innovative fintech solutions more quickly. United Fintech and CBA share a common objective of transforming the banking industry, and this deal enhances their collective ability to help banks streamline their operations while ensuring top-notch security and compliance standards.
United Fintech, already known for its global reach, is now in a prime position to lead the way in digital transformation for commercial banking, reinforcing its status as a key player in the fintech space. As part of the acquisition, United Fintech reinvested 15% of the total consideration into its shares, ensuring that CBA’s employees maintain a stake in the company’s future growth.
This move signals a firm commitment from both sides to the partnership’s long-term goals. Christian Frahm, CEO of United Fintech, emphasized the acquisition’s complementary nature, while CBA’s CEO Rolf Hauge expressed his excitement about the global scaling opportunities ahead. Together, the two companies are poised to redefine the future of commercial banking technology.
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