Radicant and Numarics have merged in order to enhance their digital banking services. This collaboration will expand Radicant's offerings, particularly in sustainable banking and for small and medium-sized enterprises (SMEs).
The merger is still pending regulatory approval, but it is expected that Numarics investors will acquire a minority stake in Radicant. The integration of Numarics' fiduciary services into Radicant's existing framework will create a fully integrated offering for banking, financial investments, and administration.
Radicant's CEO, Anton Stadelmann, will continue to lead the company during this transitional phase. Despite the merger, Radicant remains committed to its sustainability focus and the integration is expected to enhance the existing services and products available to customers.
As of mid-2024, Radicant had approximately 6,500 customers and managed assets totaling around CHF 80 million. The merger is seen as a pivotal step in revitalizing Radicant's growth trajectory.
Both Radicant and Numarics have assured stakeholders that there will be no job cuts as a result of the merger. The merger brings together a diverse group of investors, including venture capital firms such as Founderful, FiveT, Seed X, Davidson Capital, and UBS.
Following the merger, a new six-member Board of Directors will be established with equal representation from both Radicant and Numarics. Marco Primavesi, the current Chairman of Radicant's Board, will retain his position as Chairman in the new governance structure.
This merger reflects a broader trend in the financial services industry where traditional banking institutions are partnering with fintech companies to enhance their digital offerings. The merger between Radicant and Numarics represents a significant development in the digital banking sector, with implications for both customer service and operational efficiency.