
Motive Partners backs Finantix
Motive Partners has acquired a controlling stake in Italy-based fintech specialist Finantix.
Following the deal, the company's founders, Ralf Emmerich and Alessandro Tonchia, and the management team will continue to lead the business. In addition, Motive Labs, the operations and technology team of Motive Partners, will work in conjunction with Finantix to accelerate its growth, technological development and international expansion.
The company intends to use the fresh capital to further develop its product offering, expand its geographic footprint in Europe, Asia and the US, and potentially support strategic acquisitions.
Company
Founded in 1994, Finantix is a financial technology provider with a focus on private banks, wealth managers and insurance companies. It offers a suite of software to support the digitalisation of sales, onboarding, advisory, product origination, services and transactions throughout the client life-cycle and across different channels and devices.
The company has recently acquired Asian fintech startup Smartfolios, which develops investment tools to support key stages of the digital advisory process. Finantix is headquartered in Venice, has offices in London, Luxembourg, Miami, Toronto, Singapore, Tokyo and Hong Kong, and employs 250 staff.
People
Motive Partners – Scott Kauffman (partner); Andy Stewart (industry partner).
Finantix – Ralf Emmerich, Alessandro Tonchia (co-founders).
Advisers
Equity – Proskauer Rose (legal); EY (corporate finance).
Company - Osborne Clarke (legal).
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