United Fintech has received a strategic investment from Barclays.
Barclays joins four other banks – BNP Paribas, Citi, Danske Bank and Standard Chartered – in backing the firm, and joins the company’s board of directors.
“We’re excited to partner with United Fintech to accelerate digital transformation across the industry. United Fintech’s approach to scaling proven fintech innovation aligns closely with our vision for future-ready financial services.” said Ryan Hayward, head of strategic investments at Barclays.
United Fintech provides an industry-neutral fintech infrastructure and ecosystem for financial institutions, asset managers & wealth managers.
The latest investment comes after the company completed two acquisitions this year to increase its portfolio to seven fintechs. It now has 11 offices and more than 200 employees around the world.
The firm’s recent acquisitions have targeted capabilities across commercial banking, capital markets, and investment management.
Christian Frahm, CEO and Founder of United Fintech, said: “With AI accelerating across financial services, industry-wide collaboration has never been more important.
“With Barclays now onboard, we further strengthen our industry-wide adoption, and United Fintech is well on its way to becoming the trusted ecosystem for enabling that collaboration,”
