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    Home»Fintech»Standard Chartered invests in United Fintech to accelerate digital transformation
    Fintech

    Standard Chartered invests in United Fintech to accelerate digital transformation

    August 9, 20242 Mins Read


    Standard Chartered has invested in United Fintech Group Limited, a London-based platform focused on digital transformation for financial markets.

    Standard Chartered has announced a significant investment in United Fintech Group Limited, a London-based platform dedicated to digital transformation in the capital markets sector. United Fintech specialises in acquiring and partnering with fintech companies, creating a comprehensive technology platform that fosters innovation and collaboration among banks, hedge funds, and asset managers.

    This strategic move aligns with Standard Chartered’s broader goals of advancing digital solutions across capital markets, wholesale banking, and wealth management.

    Geoff Kot, Global Head, CIB Business Platforms & Partnerships at Standard Chartered, said: “We have been impressed by the growth in United Fintech’s portfolio of innovative, engineering-led technology companies and share their vision for how technology can transform and disrupt market structure and infrastructure. We look forward to partnering with them as we continue on our journey of digital transformation.”

    Christian Frahm, CEO and Founder of United Fintech, said: “The investment underscores Standard Chartered’s commitment to accelerate digital transformation and highlights their forward-thinking approach to collaborative innovation. As an Asia-focused multinational bank with an expansive footprint in Asia, Africa, Middle East, Europe and Americas, we are thrilled to have them complete our circle of global investors, joining Citi and BNP Paribas, who initially invested in February 2024, as well as Danske Bank, who followed in May.”

    As part of the investment agreement, Standard Chartered has been granted Board observer rights and, subject to certain pre-conditions, will be offered a rotational Board seat. This role will enable Standard Chartered to share its expertise and contribute to the strategic direction of United Fintech. The bank’s involvement is expected to enhance the platform’s ability to drive digital innovation and offer transformative solutions to financial institutions worldwide.

    United Fintech continues to expand its portfolio of fintech acquisitions, aiming to provide cutting-edge technology solutions that enhance the capabilities of banks, hedge funds, and asset managers. The company’s recent expansion into the Dubai International Financial Centre highlights its commitment to addressing the growing demand for financial technology in the UAE and solidifying its position as a key player in the global fintech landscape.




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