Private equity firm Motive Partners has signed an agreement to acquire a majority stake in Finantix, a leading provider of technology that helps in the digitalization of sales and services processes of private banks, wealth managers and insurance companies.
Andy Stewart, Industry Partner at Motive Partners, added: “We see substantial opportunity within this space, with Finantix well positioned to continue their strong growth. Motive Partners will bring to bear our sector-specialist expertise and capabilities to build on the company’s strong foundations to achieve our shared vision.”
Scott Kauffman, Partner at Motive Partners, commented: “Finantix founders, Ralf Emmerich and Alessandro Tonchia, supported by a strong management team, have demonstrated their ability to create a compelling product, bringing a leading technology platform to an ever-increasing set of blue chip clients. We are excited to back the Finantix team and together focus on opportunities to make Finantix a globally recognized leader in its space.”
Ralf Emmerich, Co-founder of Finantix, commented: “Our technology enables private banks, wealth managers and insurance firms to digitally transform the customer experience, from sales, advisory and onboarding through to product origination and management functions. Motive Partners’ experience in growing financial technology businesses on a global scale, combined with their extensive network, makes them an ideal partner for the next stage of our growth.”