United Fintech Acquires Trade Ledger
In a significant move that strengthens its position in the financial technology industry, United Fintech has acquired Trade Ledger, an innovative tech firm specialising in AI-based automation solutions for commercial and business lending. The acquisition marks a pivotal step in United Fintech’s expansion and diversification strategy.
Trade Ledger: Transforming Commercial Lending with AI
Established in 2016 in Sydney and currently headquartered in London, Trade Ledger has made a name for itself by providing automated loan origination, underwriting, and portfolio management solutions. By leveraging in-house data models and AI, the company has been able to transform lending into a real-time, data-driven experience for customers. Some of their notable clients include Barclays and Bank of Queensland.
United Fintech: Integrating Fintech Solutions
Founded in 2020, United Fintech operates as a digital transformation group that aims to bridge the gap between financial institutions and fintech companies. The company, which is backed by investors such as BNP Paribas, Citi, Danske Bank, and Standard Chartered, focuses on acquiring and integrating fintech solutions. With the acquisition of Trade Ledger, United Fintech now owns a leading platform in the industry.
Unifying Commercial Banking Technology
United Fintech’s acquisition of Trade Ledger follows the integration of Commercial Banking Applications (CBA), a Norway-based banking technology provider. This acquisition expanded the group’s payments and trade finance capabilities. Now, with the inclusion of Trade Ledger, United Fintech aims to provide clients with a broader range of technology solutions within a unified ecosystem.
Trade Ledger’s AI-native agentic platform supports commercial banks in modernising their lending operations. Together, CBA and Trade Ledger will provide clients with access to a broader range of technology solutions within a unified ecosystem, said United Fintech.
Trade Ledger’s Future Under United Fintech
Post-acquisition, Trade Ledger will continue to operate under its existing leadership team and brand name. The founders of Trade Ledger have exchanged their shares for equity in United Fintech as part of the acquisition agreement.
Trade Ledger CEO and co-founder Martin McCann stated, “Joining United Fintech marks an exciting new chapter for Trade Ledger. As founders, our ambition has always been to transform how banks use data and technology to serve their customers. By becoming part of United Fintech, we gain the expertise, scale, and global reach to accelerate that vision and deliver impact faster than we could alone.”
This acquisition illustrates the dynamic nature of the fintech industry and the ongoing consolidation as companies align to offer robust, end-to-end solutions to their customers. The integration of Trade Ledger into United Fintech is expected to bring about significant benefits for both parties and their customers alike.
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