United, Fintech

As a first transaction in a multi-stage acquisition towards full ownership, United Fintech has acquired a 25% stake in London-based FairXchange (the “Company”) for an undisclosed amount in a transaction integrating the Company, its products and employees onto its digital platform.

23.11.2021 - 09:43:16

United Fintech Announces Acquisition of Trading Analytics Firm FairXchange. Trading firms use FairXchange’s state-of-the-art analytical tools to facilitate data-driven dialogue with their counterparties, bringing clarity and transparency to execution performance through the provision of independent data. And according to United Fintech CEO Christian Frahm, FairXchange fits hand-in-glove with United Fintech’s strategy of acquiring state-of-the-art Capital Markets software products ready for scaling and global roll-out on United Fintech’s platform.

to British-listed Playtech Plc. Although the discreet deal made Frahm a familiar face in fintech, it didn’t fulfill the native Dane’s ambition to “save big banks from Big Tech” - a phrase which has become the informal mission slogan of United Fintech. And according to Christian Frahm, fintech is what all of the financial industry is currently scrambling to get ahead of; to compete with the emerging threats from startups and scaleups like Stripe, Revolut etc. as well as Big Tech and Silicon Valley.

"The City and Wall Street will see bigger disruption in the next 10 years than they have seen in the past 100 years. The whole industry desperately needs to access the most innovative minds and products globally, but the onboarding at all bigger institutions is killing any chance of new products actually getting into the banks in the first place. We are born as a partner for banks to help them transition quickly from slow motion into this lightspeed world. The next 10 years is all about speed for the banks. And they no longer have the luxury to do it by themselves. Banks need partners. United FIntech unites founders of the most innovative fintech businesses globally and brings them to the big banks under one central umbrella - an innovation platform where banks feel comfortable taking risk on new products; so that they can faster and more seamlessly onboard new technology. And the acquisition of FairXchange is a great example of doing exactly that,'' concludes Christian Frahm.

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About FairXchange · FairXchange specialises in microstructural analysis of financial markets and brings clarity and transparency to execution performance through the provision of independent data. Its state-of-the-art analytical product, Horizon is designed to facilitate constructive, data-driven dialogue between counterparties, helping them to identify mutually profitable opportunities. FairXchange is completely independent and has no affiliation with any liquidity providers or trading venues.

About United Fintech · United Fintech acquires and scales innovative fintechs in capital markets, creating a go-to fintech platform that financial institutions can benefit from to accelerate their transition to a digital world. In addition to FairXchange, United Fintech acquisitions to date include NetDania, which provides market data, APIs, market terminals, charting components and full white-labels, and TTM Zero, which develops fully digitized RegTech and Capital Markets Tech solutions. Headquartered in London, United Fintech’s team consists of world-class experts in each aspect of building, growing and scaling fintech businesses. United Fintech employs over 100 people across five offices: London, Copenhagen, Berlin, Romania and the US.

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