Standard Chartered invests in United Fintech

By Gloria Methri

Standard Chartered has announced its investment in United Fintech, a London-based neutral Digital Transformation platform which acquires and partners with FinTech companies in the capital markets space. The company aims to create a FinTech one-stop-shop to innovate with businesses by collaborating with other technology providers for the benefit of banks, hedge funds and asset managers.

The investment supports Standard Chartered’s ambitions to contribute to the advancement of digital transformation solutions across capital markets, wholesale banking and wealth management, and the broader financial services arena.

As part of the investment, Standard Chartered has been granted Board observer rights and, subject to fulfilment of certain pre-conditions, will be offered a rotational Board seat. This will enable it to share its existing expertise and contribute to decisions around the platform’s strategic direction.

Geoff Kot, Global Head of 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 added, “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, the Middle East, Europe and the Americas, we are thrilled to have them complete our circle of global investors, joining Citi and BNP Paribas, who initially invested in February 2024, and Danske Bank, who followed in May.”

United Fintech acquires engineering-led FinTechs within Capital Markets, Wholesale Banking, and Wealth Management under a central umbrella. The company has acquired several FinTech companies and continues to seek strategic acquisitions that drive digital innovation and offer transformative solutions to enhance the capabilities of financial institutions worldwide.