Fintech umbrella and acquisition company United Fintech has announced that leading global banks BNP Paribas and Citi (NYSE:C) have become the first institutional investors in the company, a neutral Digital Transformation Platform, as part of a strategic investment round led by Citi. United Fintech is also in advanced talks with other leading strategic investors to join its transformative journey, signaling a broad industry shift towards collaborative fintech innovation.
The parties did not disclose the size of the investment by Citi and BNP, nor the percentage of the company that they would be acquiring.
Rotating board seats and quarterly industry roundtables
As part of the deal, two rotating board seats will go to BNP Paribas and Citi. The unique governance model allows institutional investors…
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