United Fintech acquires Commercial Banking Applications for strategic growth

United Fintech has announced the full acquisition of Commercial Banking Applications (CBA), a prominent banking technology provider specializing in API-driven trade finance and payments solutions. This acquisition was funded through equity and debt, with backing from major global banks, including BNP Paribas, Citi, Danske Bank, and Standard Chartered. United Fintech's strategic acquisition marks its entry into the commercial banking sector, enabling it to offer scalable, innovative technology to financial institutions worldwide. By integrating CBA's advanced banking solutions, United Fintech aims to enhance the automation, efficiency, and security of commercial banks, ensuring the seamless integration of fintech solutions. A portion of the acquisition cost, 15%, has been reinvested into United Fintech, underscoring a shared commitment to innovation and long-term collaboration between the two companies. This transaction not only strengthens United Fintech's position in the market but also aligns with its strategy to expand through strategic acquisitions and partnerships.