United Fintech Acquires Commercial Banking Applications to Expand in Trade Finance and Payments

​United Fintech has acquired Norway-based Commercial Banking Applications (CBA), a provider of banking technology specializing in API-driven trade finance and payments solutions. The transaction was funded through equity and debt from existing investors, including BNP Paribas, Citi, Danske Bank, and Standard Chartered.

The acquisition marks United Fintech’s expansion into the commercial banking sector. CBA provides banking technology to financial institutions across Europe and Asia, including ABN AMRO. The company’s API-based trade finance and payments platform will be integrated into United Fintech’s existing offerings.

As part of the agreement, 15% of the total transaction value has been reinvested into United Fintech shares. CBA’s employees will retain equity in the company.

Christian Frahm, CEO and founder of United Fintech, said, “We are thrilled to welcome CBA into the United Fintech family. CBA has a proven track record of delivering innovative, high-quality solutions that help banks optimize their operations. Their technology perfectly complements our vision of building a comprehensive digital ecosystem for financial institutions. With CBA’s talented team and industry-leading expertise, we are well-positioned to strengthen our digital commercial banking roadmap.”

Rolf Hauge, CEO and founder of CBA, stated, “Joining United Fintech is an exciting new chapter for CBA. Our technology stack aligns seamlessly with United Fintech’s strategy, and this partnership will enable us to scale our solutions globally. Additionally, becoming a United Fintech shareholder reflects our long-term commitment to driving innovation in the financial services industry.”

United Fintech has pursued a strategy of acquiring financial technology companies to expand its platform. The company continues to focus on developing and integrating banking technology solutions for financial institutions.