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.
Radicant, a subsidiary of BLKB, is merging with fintech Numarics to enhance its digital sustainability banking services and target the SME market. The merger will allow Radicant to offer a comprehensive suite of banking and financial solutions while maintaining its focus on sustainability. No job cuts are planned, and the merger awaits regulatory approval.
Radicant, a subsidiary of BLKB, is partnering with fintech Numarics to enhance its banking and financial services for private and SME customers. The merger aims for Radicant to achieve break-even by 2027/28, while maintaining a focus on sustainability and expanding digital solutions. No job cuts are planned, and a new six-member Board of Directors will be appointed equally from both companies.
Radicant, a subsidiary of BLKB, is merging with Zurich-based start-up Numarics to enhance its services for SMEs and private customers. The new entity, employing nearly 180 people, will be headquartered in Liestal and aims to achieve financial sustainability by 2027/28. Anton Stadelmann will lead the merged company, with a board comprising equal members from both firms.
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.
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 participation from venture capital firms. Radicant will continue under CEO Anton Stadelmann, with a new six-member Board of Directors formed from both companies.
Basellandschaftliche Kantonalbank (BLKB) is set to merge its subsidiary Radicant with fintech Numarics, pending regulatory approval. This merger aims to enhance services for private customers and target SMEs, with plans for a fully integrated range of banking and administrative services. Radicant's CEO, Anton Stadelmann, will lead the new entity, which will be headquartered in Liestal and governed by a six-person Board of Directors from both companies.
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, the digital bank of Basellandschaftliche Kantonalbank (BLKB), is merging with Zurich-based fintech Numarics to enhance its service offerings for private clients and SMEs. The merger aims to broaden revenue streams and achieve breakeven by 2027/2028, with BLKB becoming the majority shareholder. Anton Stadelmann will lead the new company, which will be based in Liestal.
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