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

Shaping the New Normal for Tech Post COVID-19

C-suite Fortune 500 technologists set to unite on 30th July to delve into what the recent pandemic means for the future of customer behavior, new digital offerings, and the... Read more »

Singapore homegrown SME Neo & Partners Global wins Best Infrastructure Provider at the WatersTechnology Asia Awards 2020

Neo & Partners Global, a finance & technology group serving the capital markets sector buy-side community of commodity... Read more »

Nine in 10 Financial IT Leaders Say The Very Survival of Their Firms Depends on Digitalisation in the Next Two Years

 Mendix, a Siemens business and the global leader in enterprise low-code, released a survey showing that, despite being one... Read more »

ConsenSys Codefi Announces Ethereum 2.0 Staking Pilot Program with Six Members

ConsenSys Codefi is launching an Ethereum 2.0 staking-as-a-service platform with institutional functionality for... Read more »

Banking Circle adds USD Amazon collections for its marketplace customers

Banking Circle, the innovative financial infrastructure provider, has enhanced the tools available to Payments businesses for their marketplace customers. Payments businesses... 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