24 February 2018
Visit www.capgemini.com/worldreports

Additiv secures multi-million Swiss franc investment

17 May 2017  |  2286 views  |  0 Source: additiv

Zurich-based additiv, a leading provider of digitalisation solutions to the financial services industry, today announced that it secured funding.

The capital will help additiv manage the insatiable demand for cutting edge technology across Europe and Asia, and is the first capital investment round secured by the company. The transaction volume amounts to CHF 21 million.

The investment round, headed by Switzerland based BZ Bank, acting on behalf of clients, and invest-ment vehicle Patinex was facilitated by London based M&A firm Zelig Associates.

additiv has a proven track record of empowering major financial institutions to compete in the digital economy in the face of sustained pressure from fintech alternatives. Recent successes include the launch of Natwest‘s new robo-advice offering for the UK savings and investments market using additiv’s Digital Finance Suite (DFS), the company‘s built-for-purpose development and operating platform. It has successfully executed similar projects with companies including private bank Coutts and the wider RBS Group.

Commenting on the investment, Michael Stemmle, founder and CEO of additiv said: “Firms are in need of state-of-the-art solutions that can be implemented quickly to carve out their positions in fiercely competitive markets. That’s exactly what we provide.

“This funding will finance our international expansion and help strengthen our management team. It will also fuel our production of cutting edge SaaS/cloud based products that ensure our clients are ahead of the curve. It really is crunch time for the sector and this funding allows us to be at our best when our clients need us most.”

Founded in 1998, additiv has been providing the industry, from national and international banks, to asset managers and insurance firms, with a quick and efficient route to digitalisation for over ten years. And not just segments of digitalisation. additiv offers a comprehensive range of services including digital transformation, customer-bank-interaction models, digital marketing, sales, advice, service and performance management solutions all implemented across the company‘s Digital Finance Suite (DFS).

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit https://www.capgemini.comRegister for the webinarvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11491 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10238 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8295 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
7862 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7598 views comments | 10 tweets | 14 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job