Standard Chartered Invests in United Fintech

Standard Chartered has announced its investment in United Fintech Group Limited, a London-based Digital Transformation platform that acquires and partners with fintech companies in the capital markets sector. 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.

United Fintech aims to create a one-stop-shop for banks, hedge funds, and asset managers to innovate through collaboration with cutting-edge technology providers. As part of the investment, Standard Chartered has been granted Board observer rights and, subject to certain conditions, will be offered a rotational Board seat.

Geoff Kot, Global Head, CIB Business Platforms & Partnerships, Standard Chartered

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."

The investment adds Standard Chartered to a group of institutional investors in United Fintech, including Citi and BNP Paribas, who invested in February 2024, and Danske Bank, which followed in May.

Christian Frahm, CEO and Founder, United Fintech

Christian Frahm, CEO and Founder of United Fintech, commented: "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."