Radicant, a subsidiary of Basellandschaftliche Kantonalbank (BLKB), has merged with Numarics, a fintech company specializing in digital financial services for SMEs.

Merging for Expansion

The merger aims to expand Radicant's offerings and position it as a comprehensive banking and financial administration platform.

Headquarters in Liestal

The headquarters of the newly formed entity will be in Liestal.

Streamlining Processes

The integration of Numarics' digital administration solutions is expected to streamline processes for both private customers and SMEs.

Regulatory Approval

The merger is contingent upon regulatory approval from the Swiss Financial Market Supervisory Authority (Finma).

Leadership Structure

The leadership structure of the new Radicant will see the current CEO continuing in that role, while the co-founder of Numarics will become the Chief Operating Officer (COO).

Addressing Criticism

The merger is seen as a proactive step to address past criticism and enhance Radicant's market position.

Financial Goals

The goal is to achieve a break-even point by 2027 or 2028.

Enhancing Banking Experience

The merger between Radicant and Numarics aims to create a more integrated and efficient banking experience for SMEs.