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Radicant Bank plans to merge with Zurich fintech Numarics, backed by UBS, to enhance its banking and investment services for private and corporate clients. The merger, pending regulatory approval, aims to simplify administration and expand offerings, with BLKB becoming the majority shareholder. Anton Stadelmann will lead the new company, headquartered in Liestal, as CEO.
Radicant and Numarics are merging to create a new neo-bank, retaining the Radicant name and relocating to Liestal. The merger aims to integrate financial services and digital solutions for private and SME clients, with Radicant's CEO Anton Stadelmann leading the new entity. UBS and several venture capital firms are investing in the combined company, which will have a workforce of 240 and a focus on a comprehensive banking and administration platform.
BLKB's subsidiary Radicant is merging with fintech Numarics to enhance its offerings for private customers and SMEs, aiming for break-even by 2027/28. The merger will expand Radicant's services in sustainable banking and investment, while broadening its investor base with venture capital firms. Radicant's CEO Anton Stadelmann will continue to lead the combined entity, which will also see a new six-member Board of Directors.
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radicant to merge with fintech numarics backed by ubS
radicant bank SA
Numarics AG
UBS SA
BLKB Services AG
CHE
John Häfelfinger
Thomas Schneider
Anton Stadelmann
Marco Primavesi
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12:40 18.10.2024
merger of radicant and numarics aims to create integrated financial services
Swiss Franc
UBS SA
BLKB Services AG
CHE
Marco Primavesi
Dominique Rey
Anton Stadelmann
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00:54 18.10.2024
blkb subsidiary radicant merges with fintech numarics to enhance services
Swiss Franc
Numarics AG
UBS SA
BLKB Services AG
CHE
John Häfelfinger
Anton Stadelmann
Marco Primavesi
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11:52 17.10.2024
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