United Fintech acquires CBA with backing from leading global banks
United Fintech, the industry-neutral digital transformation platform, has announced the full acquisition of Commercial Banking Applications (CBA), a leading banking technology provider specializing in API-driven trade finance and payments solutions. The acquisition was financed by both equity and debt from existing investors, which include four major banks: BNP Paribas, Citi, Danske Bank, and Standard Chartered. This strategic move marks United Fintech’s entry into the commercial banking segment and represents a significant acquisition. Expanding into Commercial Banking: Digitizing...