Danske Invests in United Fintech

Following investment from BNP Paribas and Citi earlier this year, United Fintech has added a third bank investor in Danske Bank, which had injected an undisclosed sum and taken a rotating seat on the fintech’s board.

The firm says the investment will enable access to fintechs through United Fintech’s industry-neutral digital transformation platform, and allow Danske Bank to benefit from new strategic partnerships and scalable ways of diversifying its digital ambitions. The bank has engaged in a “Forward ’28” strategy across areas such as corporate banking, capital markets, wealth management and API integrations.

“Danske Bank sees great opportunities as per both collaboration within the existing ecosystem of fintech companies, but also in being closer to the future fintech investment processes and decisions, where the partnership allows Danske Bank to expand its exposure to innovative solutions, ultimately benefiting our customer value proposition,” says Claus Harder, head of transaction banking & LC&I business development with Danske Bank.

Christian Frahm, CEO and founder of United Fintech, adds, “[Danske Bank’s] innovative and forward-looking approach to digital transformation is a cornerstone in our mission to build a transformative platform. This commitment is instrumental in addressing the industry’s most pressing challenges through collaboration, rather than isolated efforts. By uniting the strengths of Danske Bank and our other banking partners, we are setting the stage for a new era in banking where we move beyond traditional silos to propel the industry into the digital age.”