United Fintech Launches to Transform Banks and Fintechs in Capital Markets With Acquisition of NetDania

United Fintech, a new fintech venture headquartered in London, has completed its acquisition of NetDania, a leading Danish fintech which provides market data, APIs, market terminals, marking the beginning of its launch of transforming banks and financial institutions in capital markets.

United Fintech aims to provide banks and financial institutions with easy access to the newest technology and facilitate banks and financial institutions in their transition to a digital world. 

Over the next five years, United Fintech plans to acquire and scale up a range of innovative small to medium sized engineering-led fintech companies. The United Fintech management team, carefully selected fast-growth technology firms, will work in partnership with the founders of these fintechs, scaling them into global organisations.

Christian Frahm, Founder and CEO of United Fintech comments, "Most fintechs globally are focused on disrupting banks. We believe in the opposite. We believe banks serve as a core part of our society and we want to partner with banks to help them to transition to a digital world. United Fintech can not only help banks and financial institutions to access the latest technology but can also help with implementation including technical onboarding, vendor onboarding, technical due diligence and credit due diligence. With the current trajectory it is simply too slow for any bank to launch or access new products.”

Thomas Elster, CEO, NetDania says, "We are very excited about starting this new chapter for NetDania and the prospect of working with United Fintech to grow our business and reach. At NetDania we have an excellent product range that already serves some of the world's largest financial institutions. There is no doubt that the timing is right for us to take this step to increase the reach of NetDania.”