FairXchange marks United Fintech’s third acquisition in its first year

London company completes busy first 12 months as it builds a capital markets solutions business. ...

United Fintech is acquiring London-based trading analytics firm FairXchange for an undisclosed amount. This is the third acquisition for United Fintech as it seeks to build a broad capital markets platform.

Deal will have no impact on FairXchange customers

The stated aim of United Fintech’s CEO, Christian Frahm, is to become the “one-stop-shop” for big banks in need of technological innovation. Other acquisitions are on the horizon, he says.

United Fintech is taking an initial 25 percent stake in FairXchange in what is described as the first transaction in a multi-stage acquisition towards full ownership.

According to Frahm, FairXchange “fits hand-in-glove with United Fintech’s strategy of acquiring state-of-the-art capital markets software products ready for scaling and global roll-out on United Fintech’s platform”.

FairXchange’s Horizon platform is used by a number of global financial institutions and will be cross-marketed to United Fintech’s clients. Frahm says the acquisition will not have any impact on everyday business for FairXchange’s customers or employees.

London-based United Fintech has already grown to more than 100 employees, with offices in Copenhagen, New York, Berlin and Romania, following its launch in November 2020.

It previous acquisitions were Denmark-based NetDania, which provides market data, APIs, market terminals, charting components and full white-labels and German TTM Zero, which develops RegTech and capital markets solutions.

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