Radicant, an online banking platform supported by Basellandschaftliche Kantonalbank (BLKB), is set to merge with Numarics AG, a move that aims to expand financial solutions for individuals and SMEs.
The newly formed entity will operate under the Radicant brand, offering a comprehensive platform that integrates banking, investment, and digital administration services. This partnership will benefit private customers by providing a wider range of financial services, while SMEs will have access to solutions such as bookkeeping and digital bank accounts to streamline their financial management processes.
The collaboration aims to create a fully integrated ecosystem that enhances the efficiency and automation of financial operations for SMEs. Anton Stadelmann, the current CEO of Radicant, will lead the new company, with BLKB remaining the principal shareholder. Notable investors include Founderful, FiveT, SeedX, Davidson Capital, and UBS.
The merger with Numarics is seen as a strategic move to alleviate financial burden and leverage Numarics' existing digital solutions. Radicant's focus is shifting towards comprehensive financial solutions, integrating accounting and fiduciary services. This aligns with the growing trend of digital transformation in banking and caters to the increasing demand for holistic financial management among SMEs.
The collaboration between Radicant and Numarics aims to provide a seamless experience that simplifies financial processes and enhances operational efficiency.