Additiv Secures Multi-million Swiss Franc Investment

Additiv Secures Multi-million Swiss Franc Investment
18.05.2017 07:45 am

Additiv Secures Multi-million Swiss Franc Investment

Infrastructure

Zurich-based additiv, a leading provider of digitalisation solutions to the financial services industry, today announced that it secured funding. The capital will help additiv manage the insatiable demand for cutting edge technology across Europe and Asia, and is the first capital investment round secured by the company. The transaction volume amounts to CHF 21 million.

The investment round, headed by Switzerland based BZ Bank, acting on behalf of clients, and invest-ment vehicle Patinex was facilitated by London based M&A firm Zelig Associates.

additiv has a proven track record of empowering major financial institutions to compete in the digital economy in the face of sustained pressure from fintech alternatives. Recent successes include the launch of Natwest‘s new robo-advice offering for the UK savings and investments market using additiv’s Digital Finance Suite (DFS), the company‘s built-for-purpose development and operating platform. It has successfully executed similar projects with companies including private bank Coutts and the wider RBS Group.

Commenting on the investment, Michael Stemmle, founder and CEO of additiv said: “Firms are in need of state-of-the-art solutions that can be implemented quickly to carve out their positions in fiercely competitive markets. That’s exactly what we provide.

“This funding will finance our international expansion and help strengthen our management team. It will also fuel our production of cutting edge SaaS/cloud based products that ensure our clients are ahead of the curve. It really is crunch time for the sector and this funding allows us to be at our best when our clients need us most.”

Related News

Coin Metrics Raises $6M

Coin Metrics, the leading provider of Cryptoasset Data and Infrastructure for institutional investorsannounced today that it completed a $6 million... Read more »

Alibaba Cloud and Multi-Lingual Support from the Global MediXchange of Combating Covid-19 (GMCC) programme

Over 440 medical institutions from 104 countries and regions have applied to learn and share experiences in battling COVID-19 through the ... Read more »

Spanish authorities approve offer from SIX

SIX Group AG (“SIX”), the Swiss financial markets infrastructure operator, today received authorisation from the CNMV for its all-cash voluntary tender offer for Bolsas y... Read more »

Refinitiv makes strategic investment in ModuleQ and its intelligent app

Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, has invested in and entered a strategic partnership agreement with ModuleQ, a... Read more »

James Hambro & Partners selects InvestCloud for digital transformation

Leading independent wealth management group James Hambro & Partners (JH&P) has selected global FinTech firm ... Read more »

Copper.co partners with SFOX to expand liquidity and provide rapid OTC settlement

London-based institutional custody and prime brokerage firm, Copper.co, today announces its partnership with the first U.S. prime dealer, SFOX.

The integration will... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel