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.
Radicant, a subsidiary of Basellandschaftliche Kantonalbank (BLKB), is merging with fintech Numarics to enhance its offerings for SMEs and private customers. The merger, pending approval from the Swiss Financial Market Supervisory Authority, aims to create a comprehensive banking and financial platform, with Radicant's CEO Anton Stadelmann leading the new entity based in Liestal.
Radicant's merger with Numarics is mischaracterized as a desperate move, despite expectations of strong growth in customer assets and numbers. Allegations of Radicant being a financial failure and having incurred a high loss are unfounded, as it continues to develop according to its business plan with rising earnings and customer deposits.
Numarics AG and radicant bank ag, both subsidiaries of Basellandschaftliche Kantonalbank (BLKB), have announced plans to merge, pending regulatory approval. This merger aims to create a comprehensive banking and financial services platform for private and SME clients, enhancing their offerings and market presence. BLKB will remain the majority shareholder, with additional investments from venture capital firms.
In a strategic move, radicant bank ag and Numarics AG plan to merge, aiming to create a comprehensive banking, financial investment, and administration platform for private and SME clients. The merger, pending regulatory approval, will enhance service offerings and broaden the investor base, with BLKB as the main shareholder. Anton Stadelmann, former CEO of radicant, is set to lead the new entity, which will be headquartered in Liestal.
Radicant, a subsidiary of Basellandschaftliche Kantonalbank (BLKB), is merging with fintech Numarics to enhance its offerings for small and medium-sized enterprises (SMEs) and private clients. The partnership aims to create a fully integrated suite of banking and administrative services, with a goal of achieving breakeven by 2027/2028. Anton Stadelmann will remain CEO, while Numarics co-founder Kristian Kabashi will become COO, as the merged entity seeks to broaden its market presence and investor base.
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