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