3 FinTech deals that occurred in Europe in September 2022

By Edlyn Cardoza

FinTech describes new tech that seeks to improve and automate the delivery and use of financial services. At its core, FinTech is utilised to help companies, business owners, and consumers better manage their financial operations, processes, and lives by utilising specialised software and algorithms that are used on computers and, increasingly, smartphones. FinTech, the word, is a combination of “financial technology”.

The COVID-19 pandemic has accelerated the process of digitalisation for the financial services industry. Amidst the unprecedented market volatility, the industry’s appetite for digital technology has increased. The last month saw some significant deals being undertaken by FinTech companies.

The following are 3 FinTech deals that occurred in Europe in September 2022:

• Jolt Capital and DealCloud

Jolt Capital, a Paris-based growth equity firm, has selected DealCloud as its firmwide technology platform to support its investor relations (IR) function. The firm will leverage DealCloud to manage fundraising processes and monitor limited partner (LP) and general partner (GP) relationships.

Jolt Capital is a fully independent private equity firm specialising in growth capital technology investing. The firm generates returns for its investors by investing in and supporting growth-stage companies with strong fundamentals and top-tier technologies, teams, operations, and aspirations. Jolt Capital helps these companies execute their growth strategies in sectors that offer strong exit potential across hardware- and software-driven solutions.

• St James’s Place and Napier

Napier announced a partnership with one of the UK’s top wealth management and financial planning specialists, St. James’s Place. The partnership will upgrade SJP’s client and entity screening capabilities, strengthening and enabling agility within its financial crime compliance function.

With their AI-enhanced screening solution, SJP can leverage large-scale, ongoing customer screening and re-screening capabilities. The solution provides SJP with the tools to continuously screen entities against global watch lists of sanctions, politically exposed persons, adverse media, and any internal whitelists and blacklists across the entire organisation.

• Varenne Capital and TS Imagine

TS Imagine, a global leader in trading, portfolio, and risk management solutions for capital markets, announced that Varenne Capital, a Paris-based, process-driven, global investment manager, has selected TradeSmart OEMS, TS Imagine’s Order and Execution Management System, to support its trading activities.

TradeSmart OEMS facilitates trading across multiple asset classes, increases execution capabilities, and empowers clients to handle even greater volumes. TradeSmart OEMS will automate Varenne’s execution process, support its portfolio management system, modernise and reduce time-consuming workflows and increase functionality across the firm’s trading operations.

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