Standard Chartered joins a suite of other institutional investors in the Digital Transformation platform
Standard Chartered has confirmed its investment in United Fintech Group Limited (United Fintech), a London headquartered industry-neutral Digital Transformation platform which acquires and forms partnerships with fintech companies in the capital markets space, creating a fintech one-stop-shop to innovate with businesses through collaboration with other cutting edge 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 fulfilment of certain pre-conditions, will be offered a rotational Board seat, enabling it to share existing expertise and contribute to decisions around the platform’s strategic direction.
Geoff Kot, Global Head, 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, said: “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, Middle East, Europe and Americas, we are thrilled to have them complete our circle of global investors, joining Citi and BNP Paribas, who initially invested in February 2024, as well as Danske Bank, who followed in May.”
