United Fintech has acquired a 25% stake in RegTech company TTMzero, with the intention of increasing it to 80% over the next three years.
This deal is part of United Fintech’s strategy of acquiring and scaling FinTechs in capital markets to build a one-stop-shop for banks and financial institutions looking to improve their digitalisation.
Founded in 2013, TTMzero builds a fully digitised RegTech and capital markets tech solutions. It offers two flagship products, The first is a platform to automates financial instruments to help digitise processes and workflows for securities.
Its second product is a real-time data analytics platform to offer real-time data for a large number of financial institutions.
TTMzero managing partner and head of business development Simon Ullrich said, “This is an ideal partnership. Our skillset is very much focused on developing cutting-edge technology for banks and financial institutions. To realise the full potential of our platforms, we welcome support with sales, marketing and distribution. United Fintech has an impressive, experienced team in these areas and a fantastic global distribution network.”
United Fintech launched in 2020 and enables banks and financial institutions to accelerate their digitalisation efforts.
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