Radicant has partnered with Numarics, a fintech company known for its fiduciary services expertise, to expand its service offerings.
The collaboration aims to provide a comprehensive suite of banking, financial investment, and administrative services for private customers and SMEs.
The integration of Numarics' digital solutions is expected to enhance Radicant's existing services, particularly in sustainable banking and investment.
Numarics' investors will acquire a minority stake in Radicant as part of the partnership.
The merger is pending regulatory approval.
Radicant remains committed to sustainability and job security, with no job cuts expected as a result of the merger.
The partnership will expand services in sustainable banking, investment, and pension management for Radicant customers, while Numarics' clientele will gain access to Radicant's established banking services.
The merger is backed by venture capital firms, including UBS.
Governance will be structured through a six-member Board of Directors with equal representation from both companies.
The partnership aims to enhance Radicant's service offerings, particularly in digital banking solutions, positioning the company as a competitive player in the fintech landscape.