Finvasia | December 15, 2021
Finvasia Group today announced the acquisition of Zulu Trade Group, the world’s largest and oldest social network for trading and investing. It’s supremacy as the largest “broker agnostic” social trading platform remains unchallenged even after 14 years of its operations. ZuluTrade has helped over a million investors across more than 100 countries and has traded in excess of USD 2 trillion worth of trades.
In addition to ZuluTrade, the deal also includes AAAFx, which holds a portfolio management license from HCMC.
This acquisition cements Finvasia’s leadership in the fintech and financial services industry globally. Finvasia has been expanding its presence across Europe, North America and Middle-East via various organic and inorganic expansions to create a complete ecosystem that will cater to the needs of retail and institutional investors. As of today, Finvasia owns over a dozen brands in the fintech and financial services industry and touches millions of investors around the world. It has physical presence in more than 5 countries, serves clients in over 150 countries and is regulated by over a dozen regulators across the world.
Headquartered in Greece, Zulu Trade was the world’s first social trading platform that leveraged the powers of the trading community and algorithmic performance ranking to connect traders with investors. Its acquisition complements Finvasia group’s multi-phase strategy in building an integrated fintech ecosystem for investors from around the world.
Sarvjeet Singh Virk, Co-founder & Chief Managing Director , Finvasia Group, said, “Since Finvasia expanded into Europe, we continue to cement our footprint in this fast-growing and sizable fintech and financial services market. We are excited to acquire ZuluTrade, which further enhances our offering and widens our customer base across Europe and around the world.”
This acquisition enables Finvasia Group to focus on its financial services vertical as it continues to make strides and gain market share through product innovation and leadership.
At Finvasia, we value creativity and innovation. Our goal is to create an ecosystem that supports the financial needs of an individual across investing, saving, spending and lending. Adding ZuluTrade to our suite of offerings, is another step in creating a wholesome ecosystem that will broaden our technological offerings across institutional and retail investors”.
Tajinder Singh, Co-Founder & CEO, Finvasia Group.
Finvasia is a global enterprise that owns multiple brands in financial services, fintech, blockchain, real-estate, healthcare and technology sectors. The group invests in technology-oriented businesses and products and is committed to drive sustainable development and generate a positive impact with its businesses. Finvasia, along with its subsidiaries and sister concerns, is registered with a gamut of regulatory bodies across the world in various capacities.
ZuluTrade is the largest broker agnostic social trading platform and offers the largest database of signals and strategies currently available across the market, catering to both advanced and novice investors, with over twenty-six supported languages and state-of-the-art mobile apps.
ZIL MONEY | March 11, 2022
Zil Money Corporation announces its partnership with Fiserv, a global technology provider of financial service solutions. Zil Money, the parent company of onlinecheckwriter.com, will now offer the lowest cost credit card processing in the industry using Clover Connect. CEO and Founder of Zil Money, Sabeer Nelli states "We will meet or beat any price" when it comes to customers receiving payments using Fiserv solutions.
Clover Connect is Fiserv's integration portal that will enable Zil Money customers to transform their software into an ultimate business management tool. Point of Sale systems will be made available to Zil customers to accept payments at lower costs to the business owner and seamlessly track sales with integration to their existing reports all in one place. Clover Connect cleverly uses its slogan "Powerful alone, better together" to emphasize the streamlined businesses' successes with their partners. This integrated payments approach as a solution to better serve Zil Money's current customers creates a more powerful union.
Fiserv is one of the largest payments processors worldwide, moving money and information for thousands of financial institutions and millions of individuals and businesses, the company says. Fiserv helps more than 12,000 banks, credit unions, mortgage lenders and leasing companies, investment firms, and other business clients deliver financial services. According to their website, they have 1.4 billion accounts on file, working with six million merchant locations, and enable 100 million digital banking users.
ZilMoney.com is a B2B account payable and receivable platform that offers integration with your bank or to open a FDIC insured bank account using their cloud banking options or through their zilbank.com platform. Zil Money offers expense cards, vendor management, cloud-based approval flow, auto reconcile, positive pay, and more. Since 2019, Zil Money has acquired more than 390,000 customers into their platform and processed over $27 billion in transactions. One million beneficiaries of their system stand to gain from their new credit card processing partnership.
The partnership between Zil Money and Fiserv will strengthen the platform enabling businesses to process payments using credit solutions that drive sales faster and more efficiently. By adding this new tool, the Company's flagship platform, Online Check Writer, continues to underscore its all-in-one approach for small to medium-sized businesses.
Stifel | June 08, 2022
Stifel Financial Corp. (NYSE: SF) today announced it has signed a definitive agreement to acquire ACXIT Capital Partners, a leading independent corporate finance and financial advisory firm serving European middle-market clients and entrepreneurs. Terms of the transaction were not disclosed.
ACXIT Capital Partners, with a team of about 50 professionals, operates primarily out of offices in Frankfurt, Zurich, and Munich. Since its founding in 1999, the firm has successfully completed nearly 500 transactions, including mergers & acquisitions, capital markets, and debt advisory and restructuring.
ACXIT’s business is focused on providing advisory and capital solutions to emerging companies and is aligned with high-growth sectors of the global economy, including healthcare and technology. ACXIT also maintains strong positions in additional key verticals including industrials, real estate, and consumer/retail.
Through this acquisition, we are extending our European footprint further into strategically important European markets, most notably Germany, This highly complementary combination with ACXIT Capital Partners allows us to accelerate the growth of our investment banking business by adding more geographical breadth and regional market expertise to our platform. It also forms a natural next step following the combination with Mainfirst in 2019.”
Rob Mann, Head of European Investment Banking at Stifel.
Stifel already has a formidable investment banking presence in the UK and Europe with more than 180 professionals based in the region’s major financial centers.
Partnering with Stifel instantly gives us greater access to international markets, the ability to call on a deeper pool of industry expertise, and also enables us to deliver a broader set of products and solutions to our clients, Together, we have the necessary building blocks to create an even more formidable investment banking business throughout continental Europe.”
Johannes H. Lucas, Founder and Senior Managing Partner of ACXIT Capital Partners.
The Stifel network will substantially add critical resources to our business, giving us a powerful international platform to leverage, In particular, it will improve our reach into the vast U.S. investor base for growth capital, and provide enhanced capabilities to clients with cross-border aspirations.”
Thomas Klack, Senior Managing Partner of ACXIT Capital Partners.
After the closing of the transaction, Johannes Lucas and Thomas Klack will become Co-Heads of DACH (Germany, Austria, and Switzerland) Advisory at Stifel. ACXIT Senior Managing Partners Jens Tschauder and Tobias Warkus will also join Stifel’s DACH Management Board.
We have been excited by the remarkable growth of our European investment banking business, which is now an integral part of our global investment bank, We are pleased to welcome the entire ACXIT team to Stifel, as we create more opportunities to leverage Stifel’s deep domain expertise across the strategically important DACH region.”
Brad Raymond, Global Head of Investment Banking at Stifel.
Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC and Stifel Independent Advisors, LLC. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services.
About ACXIT Capital Partners
ACXIT Capital Partners is a leading international corporate finance and financial advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1999, ACXIT offers its clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, debt, and strategic advisory. As an independent, privately owned firm, ACXIT maintains offices in Frankfurt, Munich and Zurich as well as strong alliances in the UK and France.
UST | May 09, 2022
FINCuro Solutions, a UST company, and leading digital transformation solutions provider specializing in financial services, today announced the launch of the arc@PEAS platform. This advanced digital ecosystem designed to meet the emerging global needs of financial institutions will enable users to collaboratively build and deliver modern, state-of-the-art experiences. arc@PEAS will put users in control with its extensively integrated ecosystem, including its digital experience and onboarding solutions developed by partners Modyo and thirdstream.
Though credit unions and community banks have long understood the need for digital transformation and worked to make the necessary changes, their reliance on legacy infrastructure and lack of operational scale have impeded the process. arc@PEAS helps credit unions, communities, cooperative banks, and financial institutions accelerate their digital transformation by leveraging Platform-as-a-Service (PaaS) technology. With its ability to seamlessly unite digital experience, data, connectivity, and core, arc@PEAS delivers a leading framework for digital transformation.
arc@PEAS offers users the ability to collaborate while building and delivering superior experiences to delight their customers and members. These benefits combine to make arc@PEAS a compelling vehicle for digitizing the cooperative value proposition and propelling the relevancy of community finance.
As an organization, UST is committed to positively impacting human lives and community banks through innovation as well as business and digital transformation using the power of technology. FINCuro's arc@PEAS is a strong addition to UST's financial services offering portfolio and brings financial institutions the scale and reach they require."
Manu Gopinath, Chief Operating Officer, UST.
The principles of customer and member well-being, community and sustainability form the foundation of cooperative finance, and these factors all point to this model becoming more prominent in our increasingly decentralized world. arc@PEAS encompasses financial institutions' digital, data, and community needs by facilitating an ecosystem rooted in cooperation, collaboration and co-creation."
Chris Goodman, Digital Platform Advisor.
arc@PEAS leverages pre-built experience components, fully implementable in as little as 120 days. The solution is the latest example of how FINCuro and its ecosystem partners accelerate transformation by enabling the community and supporting the translation of innovative thinking into meaningful digital experiences quickly and easily. In addition to a financial institution user community, arc@PEAS includes solutions for interactions with communities served by financial institutions, enabling local businesses and organizations to participate in the generation of value and economic development in their community.
For more than 22 years, UST has worked side by side with the world's best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. We identify their core challenges and craft disruptive solutions that bring their vision to life through our agile approach. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients' organizations—delivering measurable value and lasting change across industries and worldwide. Together, with over 30,000 employees in 30 countries, we build for boundless impact—touching billions of lives in the process.
About FINCuro Solutions, A UST Company
FINCuro Solutions, a UST Company, is a leading digital transformation solutions provider focused on financial services. Specializing in leveraging the power of the ecosystem, FINCuro builds best-in-class platform solutions that drive modern digital experiences that support customers and members on their journeys, when, where, and how it matters. Supporting over a hundred institutions, and more than one million account holders globally, FINCuro Solutions is experienced in delivering innovative digital solutions at scale, that are both transformational and timely to market.
As a UST Company, FINCuro Solutions proudly embraces the same values that have shaped UST since the beginning. Since day one, FINCuro Solutions has been building enduring relationships and a culture of integrity. And today, those same values inspire us to encourage innovation from everyone to champion diversity and inclusion, and place people at the center of everything we do.