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Finleap connect acquires MyValue Solutions, the Spanish Open Banking

By Joy Dumasia

July 29, 2021

  • Europe
  • Finleap
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Finleap connect, the independent Open Banking platform in Europe has acquired MyValue Solutions, the Open Banking company in the Iberian market. Through this first acquisition, finleap connect will benefit from MyValue Solutions bringing in its distinguished technology and significant customer base, including its status as a trusted partner for notable financial institutions.

The acquisition will complement finleap connect’s unique “full-stack” platform, enhancing financial transactions and data & analytics offerings, as MyValue Solutions’ product portfolio includes, among other things, account services as well as categorization and enrichment technologies. MyValue Solutions currently provides its services to a vast customer base, including some of the largest financial institutions in the Iberian market.

Under finleap connect’s PSD2 license, MyValue Solutions’ technologies, services and products will now be accessible not only to regulated financial institutions but to new entire verticals like fintechs, insurance companies, retail companies. finleap will enable companies in the Iberian market, regulated or not, to provide financial services like it already does in the DACH region. This will quadruple the target market for MyValue Solutions’ products and create a wide variety of use cases for them.

Frank Kebsch, the CEO, finleap connect, says: “The acquisition of MyValue Solutions is an important step in our continued expansion across Europe. MyValue Solutions’ tech and talent has impressed us since the beginning, and we appreciate the opportunity to cooperate with the leading financial institutions in the Spanish & Portuguese market. Additionally, we welcome Claret Capital as our trusted partner in this journey, providing us with non-dilutive growth capital to further accelerate our strategic ambitions.”

Building on the recent Series A round, the acquisition marks finleap connect’s continuing European expansion; with Spain and Portugal being among the most relevant European markets for Open Banking, the acquisition will enable finleap connect to offer direct access to the Iberian market for its client base.

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