Finantix, which provides digital services to the private banking and insurance sectors, has signed an agreement with Motive Partners, a global private equity firm focused on growth investments in financial technology companies which will see Motive Partners become a majority shareholder.
Motive Partners will support Finantix and the founders in extending the functional footprint of the product and in accelerating geographic expansion.
Both firms intend to capitalise on the international opportunity seeing substantial opportunities to continue to grow in Europe, Asia and to enter the US market.
Motive Labs, the operational and technology value creation team of Motive Partners, will also work with Finantix and its team to accelerate growth by supporting continued technology development and expansion across Motive Labs' international ecosystem.
Finantix has a global customer base spanning over 45 countries, acquired over more than 15 years’ experience distilled into its flagship Finantix Components product and supported from eight offices across Europe, North America and Asia.
Based in New York and London and comprised of investors, operators and innovators, Motive Partners brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies.