United Fintech

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United Fintech is an industry-neutral Digital Transformation Platform for the financial sector founded in 2020 by Christian Frahm, a Danish native and entrepreneur.

Christian Frahm founded United Fintech subsequent to selling his previous venture CFH Group for GBP100million to PlayTech PLC in 2016[1] with a vision to provide banks and Financial Institutions with easy access to the newest technology and accelerate their transition into the digital world. [2]

Investors

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Soon after its inception, United Fintech attracted financial backing from an array of private investors[3] as well as three equity partners i.e. former CFH Group CEO Marc Levin,[4] former BEC executive Erik Nordahl[5] and former Goldman Sachs executive Tom Robinson.[6]

In February 2024, BNP Paribas and Citi announced strategic investments in United Fintech followed by Danske Bank in May 2024, according to Bloomberg.[7]

Acquisitions and expansion

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Since 2020, United Fintech has had its headquarters in London, however, has continuously expanded with offices in i.a. Denmark, Germany, Romania, Spain, Singapore, UAE[8] and the US from where the company operates its five acquired partner companies:

  • Netdania acquired in 2020[9]
  • TTMzero acquired in 2021[10]
  • FairXchange acquired in 2021[11]
  • Athena acquired in 2021[12]
  • CobaltFXacquired in 2022[13]

References

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  1. ^ "Playtech acquires CFH Group for $120 million". 14 November 2016.
  2. ^ "Christian Frahm launches United Fintech, acquires NetDania". 12 November 2020.
  3. ^ "Christian Frahm solgte sit firma for 825 mio. Kr. – nu går tidligere EQT-folk ind i hans nye virksomhed". 10 June 2021.
  4. ^ "Former CFH CEO Marc Levin joins United Fintech". 12 January 2021.
  5. ^ "Erik Nordahl joins Christian Frahm's United Fintech". 8 December 2020.
  6. ^ "Christian Frahm launches United Fintech, acquires NetDania". 12 November 2020.
  7. ^ https://www.bloomberg.com/news/articles/2024-05-07/danske-joins-citi-bnp-paribas-investing-in-fintech-m-a-company
  8. ^ "United Fintech Opens DIFC Office, Targets UAE's Financial Sector". 13 May 2024.
  9. ^ https://www.fintechfutures.com/2020/11/united-fintech-launches-in-uk-and-acquires-netdania/
  10. ^ "United Fintech Acquires 25% Stake in German Fintech TTMzero". 4 February 2021.
  11. ^ https://www.fintechfutures.com/2021/11/fairxchange-marks-united-fintechs-third-acquisition-in-its-first-year/
  12. ^ "United Fintech adds Athena to portfolio, completing fourth acquisition in a year to support street's desire for one-stop-shop - the TRADE".
  13. ^ "United Fintech Strengthens FX Trading, Acquires Cobalt". 15 December 2022.