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United Fintech, renowned for its strategic consolidation of capital markets, wealth management, and wholesale banking technology vendors, has bolstered its portfolio with its sixth and largest acquisition to date by purchasing trade finance and payments specialist Commercial Banking Applications (CBA). Founded in 2020 by CEO Christian Frahm, United Fintech has grown its presence by acquiring five fintech firms—Cobalt, FairXchange, TTMZero, Athena Systems, and NetDania—and now employs over 160 professionals across eight countries.
This latest deal, financed through a mix of equity and debt from existing investors—including banking heavyweights BNP Paribas, Citi, Danske Bank, and Standard Chartered—marks United Fintech’s foray into the commercial banking sector. CBA, known for supporting leading financial institutions across Europe and Asia, counts ABN Amro among its top-tier clients, and will now contribute to advancing digital transformation within the banking industry.
CEO Christian Frahm expressed his enthusiasm about the acquisition, stating, “We are thrilled to welcome CBA into the United Fintech family. CBA has a proven track record of delivering innovative, high-quality solutions that help banks optimize their operations.”
As part of the agreement, 15% of the total deal value has been reinvested into United Fintech shares, ensuring that CBA’s employees remain engaged and invested in the company’s ongoing success.
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