Fintech buyout group United Fintech has announced that Danish multinational financial services company Danske Bank A/S has become the third institutional investor in the company. Danske Bank has also secured a rotating board position on the fast-growing industry-neutral Digital Transformation Platform.
Claus Harder (pictured top left), Head of Transaction Banking & LC&I Business Development with Danske Bank, said:
“Danske Bank is very excited to join United Fintech and sees great opportunities both to collaborate in the existing ecosystem of fintech companies and to be closer to future fintech investment processes and decisions, where the collaboration enables Danske Bank to expand its exposure to innovative solutions that ultimately benefit our customers’ value proposition.”
Digital support Forward ’28
The investment will enable rapid access to cutting-edge fintech exploration through United Fintech’s industry-neutral Digital Transformation Platform. Based on collaborative efforts together with +200 other financial institutions, this will also enable Danske Bank to benefit from new strategic partnerships and scalable ways to diversify its digital ambitions – and thus support the bank’s Forward ’28 strategy in areas such as corporate banking, capital markets, wealth management and API integrations.
“With the backbone of the company highly aligned with our Forward ’28 strategy, United Fintech is an investment that provides a unique digital advantage and competitive advantage to support our strategy in terms of both relevance and time to market, when it comes to future innovative solutions. In addition, the investment in United Fintech will create direct collaboration opportunities with subscale fintech. to support their growth, while helping to fuel our own digital transformation and growth strategy,” explains Claus Harder.
United Fintech: Broad Industry Shift Underway
The announcement of Danske Bank’s investment comes just months after it was announced on February 27 that BNP Paribas and Citi had joined United Fintech as institutional investors. According to United Fintech’s founder and CEO, Danske Bank’s investment is not only a testament to the Nordic bank’s commitment to working together on a sector-neutral platform, but also to the financial industry as a whole, as the Company confirms that is also in advanced talks with further strategic investors to join its transformational journey, signaling an industry-wide shift towards collaborative fintech innovation as global banking enters a new era.
Christian Frahm (pictured above right), CEO and founder of United Fintech said,
“We are thrilled that Danske Bank has decided to invest in and join United Fintech’s industry-neutral Digital Transformation Platform. Their innovative and forward-looking approach to digital transformation is a cornerstone of our mission to build a transformative platform. This commitment is critical to addressing the industry’s most pressing challenges through collaboration rather than individual efforts. By combining the strengths of Danske Bank and our other banking partners, we are setting the scene for a new era in banking, where we move beyond traditional silos to propel the industry into the digital age.”
About Danske Bank
For more than 150 years, Danske Bank has contributed to growth and development in society. The bank has grown alongside the communities it operates in providing advisory services, expertise and financial solutions that have helped individuals, families, businesses and organizations realize their ambitions and potential. The bank serves customers in eight countries, has more than 200,000 small and medium-sized customers and more than 35 percent of large businesses in the Nordic countries. With long-term sustainable growth an ambition, the bank will continue to work every day to be the best bank possible, for the benefit of customers, employees, shareholders and the communities to which it belongs.
About United Fintech
Founded in 2020, United Fintech is an industry-neutral Digital Transformation Platform where global financial institutions and cutting-edge technology providers come together to unleash their full potential and enable the future of finance. United Fintech remains at the frontier of innovation by acquiring engineering-driven fintechs in Capital Markets, Wholesale Banking and Wealth Management under one central umbrella and in just four years, the company has acquired five fintechs and is on track to acquire many more more. In 2024, United Fintech received investments from BNP Paribas and Citi.