3 FinTech deals that took place in Europe in September 2022

By Edlyn Cardoza

FinTech describes new technology that seeks to improve and automate the delivery and use of financial services. At its core, FinTech is used to help businesses, business owners and consumers better manage their financial operations, processes and lives using specialized software and algorithms used on computers and increasingly smartphones. FinTech, the word, is a combination of “financial technology”.

The COVID-19 pandemic has accelerated the digitization process for the financial services industry. Amid unprecedented market volatility, the industry’s appetite for digital technology has increased. In the past month, some significant deals were completed by FinTech companies.

The following are 3 FinTech deals that took place in Europe in September 2022:

• Jolt Capital and DealCloud

Jolt Capital, a Paris-based growth equity firm, has chosen DealCloud as its permanent technology platform to support its investor relations (IR) function. The firm will leverage DealCloud to manage fundraising processes and monitor limited partner (LP) and general partner (GP) relationships.

Jolt Capital is a fully independent private equity firm specializing in growth capital technology investments. The firm generates returns for its investors by investing in and supporting growth-stage companies with strong fundamentals and best-in-class technologies, teams, operations and ambitions. Jolt Capital helps these companies execute their growth strategies in sectors that offer strong exit potential across hardware and software-driven solutions.

• St James’s Place and Napier

Napier announced a partnership with one of the UK’s leading wealth management and financial planning specialists, St James’s Place. The partnership will upgrade SJP’s client and entity screening capabilities, strengthening and enabling agility within the financial crime compliance function.

With their AI-enhanced screening solution, SJP can benefit from large-scale, ongoing customer screening and re-screening. The solution gives SJP the tools to continuously screen devices against global sanctions watchlists, politically exposed persons, unwanted media and any internal whitelists and blacklists across the entire organization.

TS Imagine, a global leader in capital markets trading, portfolio and risk management solutions, announced that Varenne Capital, a Paris-based, process-driven, global investment manager, has selected TradeSmart OEMS, TS Imagine’s order and execution management system, to support its trading activities.

TradeSmart OEMS simplifies trading across multiple asset classes, increases execution capabilities and enables customers to handle even larger volumes. TradeSmart OEMS will automate Varenne’s execution process, support the portfolio management system, modernize and reduce time-consuming workflows and increase functionality across the firm’s trading operations.

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