Radicant Bank has announced its plans to merge with Zurich-based fintech Numarics, which is backed by UBS. This strategic merger aims to provide private and corporate clients with a comprehensive suite of banking, financial investment, and administration services.

The integration will enhance Radicant’s existing offerings in sustainable banking, investment, and pensions, while introducing automated solutions from Numarics, thereby making the private client services more relevant to small and medium-sized enterprises (SMEs).

The merger is part of BLKB's diversification strategy, as stated by CEO John Häfelfinger, who emphasized the simplification of client administration that the integration will bring. The firms anticipate that this collaboration will significantly boost their revenue base and help achieve breakeven by 2027/2028.

Anton Stadelmann, currently CEO of Radicant, will lead the new entity, which will be headquartered in Liestal, while Marco Primavesi will serve as chairman of the board. The board will consist of six members, equally appointed by Radicant and Numarics. BLKB is set to become the majority shareholder, with existing investors, including venture capital firms and UBS, also participating in the new firm. The specific terms of the merger have not been disclosed.