Danske Bank Invests in United Fintech

Danske Bank has become the third major institutional investor to support United Fintech, a company focused on acquiring and developing technology firms in the capital markets, wealth management, and wholesale banking sectors. The Danish bank joins Citi and BNP Paribas, which previously invested in United Fintech.

United Fintech, founded in 2020 by CEO Christian Frahm, has quickly expanded by acquiring five fintech companies. These include Cobalt, FairXchange, TTMZero, Athena Systems, and NetDania, employing over 160 people across eight countries. 

As part of the new investment, Danske Bank has secured a rotating board seat at United Fintech and will play a role in guiding the platform’s strategic direction. Claus Harder, head of transaction banking and LC&I business development at Danske Bank, explained that the investment aligns with the bank’s Forward ’28 strategy, which focuses on corporate banking, capital markets, wealth management, and API integrations.

“Danske Bank sees great opportunities in collaborating within the existing ecosystem of fintech companies and also in being involved in the future fintech investment processes,” said Harder. “This partnership allows Danske Bank to expand its exposure to innovative solutions, ultimately benefiting our customer value proposition.”

Harder added that the partnership with United Fintech will enable Danske Bank to engage with fintechs that are smaller in scale, supporting their growth while advancing the bank’s own digital transformation strategy.

United Fintech’s CEO, Christian Frahm, expressed enthusiasm about the addition of Danske Bank, stating that the investment underscores the company’s collaborative approach to addressing industry challenges.

“This commitment is instrumental in addressing the industry’s most pressing challenges through collaboration, rather than isolated efforts,” Frahm said. “By uniting the strengths of Danske Bank and our other banking partners, we are setting the stage for a new era in banking, where we move beyond traditional silos to propel the industry into the digital age.”

With Danske Bank’s investment, United Fintech continues to attract major institutional investors, signalling strong industry support for its mission to innovate and drive digital transformation in the financial sector.