BLKB's subsidiary Radicant has announced a merger with fintech company Numarics, aimed at enhancing its service offerings.
The merger is expected to create a comprehensive suite of services for private customers and SMEs, integrating banking, financial investments, and administrative solutions into a single platform.
BLKB will be the majority shareholder of the newly formed entity, with Numarics' existing investors also holding stakes in the combined company. The leadership of the merged entity will remain stable, with Anton Stadelmann continuing as CEO of Radicant, and a six-member Board of Directors being appointed equally from both companies.
BLKB has set an ambitious target to achieve break-even by the fiscal years 2027/28. Radicant aims to leverage Numarics' automated administrative services to enhance its existing portfolio and provide a more efficient experience for SMEs. The merger is also set to broaden Radicant's investor base, including notable venture capital firms.
The merger aligns with the growing trend of digital transformation in the banking sector. Radicant is poised to double its workforce and create new job opportunities. BLKB remains optimistic about the long-term viability of Radicant and its new partnership with Numarics. The merger represents a strategic alignment that could redefine how banking and fiduciary services are delivered to SMEs in Switzerland.