FinTech Platform iCapital Network to Acquire Axio Financial

iCapital Network, a leading global financial technology company powering the world’s alternative investment marketplace, announced that it will acquire Axio Financial LLC (Axio), a leading end-to-end service provider to the U.S. structured notes market.

According to the announcement, the two companies have already entered into a definitive agreement for the acquisition deal that is now pending the regulatory approvals and expected to close in Q4 2021.

The acquisition will expand iCapital’s menu of alternative investment strategies, technology stack, educational offerings, and support services for financial advisors. It will also enhance iCapital’s distribution capabilities to support fund managers.

Under the agreement, Marc Paley, CEO, and the entire Axio team will join iCapital. As Managing Director, Head of Distribution, Marc will report to Mr. Calcano, and maintain his responsibilities as leader of the Axio team.

“Axio’s position as a leader in this market makes them an ideal enhancement to our already robust platform and product offerings,” said Lawrence Calcano, Chairman and Chief Executive Officer of iCapital Network. “We are thrilled to welcome the talented Axio team to iCapital.”

“The Axio team is excited about the intuitive synergies and the common purpose driving both Axio and iCapital, and we’re thrilled to combine our efforts to serve financial advisors and their clients,” said Marc Paley, CEO of Axio. “I look forward to working together to integrate and continue to achieve our objectives.”