On January 17, 2018, Allfunds Bank Group announced that it had acquired fintech business Finametrix.
Allfunds Bank Group (“Allfunds”) and Finametrix will continue to operate independently, but will offer their services jointly. Salvador Mas, the head of Finametrix, will assume the newly created position of Head of Digital within Allfunds. Further terms of the transaction were not disclosed.
Allfunds is a bank with more than €360 billion in assets under management specializing in offering funds to various institutional clients.
Finametrix is a fintech company specializing in offering services to wealth and asset management companies.
To read the press release: please click here.