The acquisition is in line with its strategy of acquiring
and scaling innovative fintechs in capital markets and creating a fintech
one-stop-shop which banks and financial institutions can benefit from to
accelerate their transition to a digital world.
Founded in 2013, TTMzero develops fully digitized RegTech
and Capital Markets Tech solutions. It has two proprietary products, a
financial instruments automation platform to digitize processes and workflows
for securities and a real-time data analytics platform to provide real-time
data for a large number of financial instruments. These products support
financial institutions and capital markets participants in the independent
valuation of financial instruments and enable them to comply with regulatory
reporting requirements across a wide range of jurisdictions.
TTMzero has a team of 25 technology specialists in Berlin
and an impressive client base which includes over 20 large financial
institutions, including two of the world’s largest investment banks.
Christian Frahm, Founder and CEO, United Fintech explains,
“We are very excited that TTMzero is now part of United Fintech. They are
market leaders in their field, with two of the largest investment banks relying
on their infrastructure. The acquisition is a key milestone in our quest to
help banks to digitize their operations and facilitate the implementation of
innovative, cost-saving capital markets products.
“TTMzero currently has a particularly strong presence in
Germany, Switzerland and Austria and has huge potential for global growth. We
are looking forward to working with the two founders, Sönke Blunck and Simon
Ullrich and their team of specialists to scale the business and broaden its
global reach.
Simon Ullrich, Managing Partner and Head of Business
Development at TTMzero says, “This is an ideal partnership. Our skillset is
very much focused on developing cutting-edge technology for banks and financial
institutions. To realise the full potential of our platforms, we welcome
support with sales, marketing and distribution. United Fintech has an
impressive, experienced team in these areas and a fantastic global distribution
network.”
Dr. habil. Sönke Blunck, Managing Partner and Head of
Financial Engineering at TTMzero adds, “United Fintech is dynamic and ambitious
and we are very proud to be a part of this forward-thinking organisation. We
look forward to developing our product roadmap with the United Fintech team so
that we can capitalise on growth opportunities and leverage United Fintech’s
strong strategic partnerships with leading investment banks.”
United Fintech has appointed two new team members to help
with the sales of TTMzero products, along with the sales of products from its
first acquisition, NetDania, a leading Danish fintech which provides market
data, APIs, market terminals, charting components and full white-labels.
Joshua Green (Senior Sales Manager UK & Ireland) and
Emilia Meredith (Sales Manager) both join the firm from Bloomberg LP and will
report to United Fintech’s Partner and Head of Sales, Tom Robinson, former
Managing Director of Jefferies and Goldman Sachs.
Christian Frahm concludes, “United Fintech is rapidly
gathering momentum. We have a high calibre management team in place and have
made two excellent acquisitions, with clear synergies between the two firms.
We have bolstered our team with the appointment of two
exceptionally talented sales people, Joshua and Emilia who bring a wealth of
experience from Bloomberg. It has only been a few months since our launch but
we now have a team of 75 people and a number of market leading products for
banks and financial institutions seeking easy access to innovative capital
markets solutions.”
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