Finance Active, the European leader in SaaS solutions for debt management and financial risk management for multinationals, local authorities and banks, has taken a majority stake in the German company Verifino, together with Lucht Probst Associates Gmbh "LPA", a German IT company specialized in software dedicated to the financial markets.
Verifino aggregates all the respective activities of Finance Active and LPA in debt management for the German and Austrian markets. Verifino benefits from both companies: Finance Active and its management of financial products specific to the German public sector, and LPA and its software expertise in debt management for banks and public institutions.
At the end of the operation, Finance Active will own 70% of Verifino. Technical and commercial teams, mainly from LPA, will still be based in Frankfurt. Thanks to this operation, Finance Active has now a strong presence throughout Europe.
Finance Active’s equity stake in Verifino is a new step in its international development, which has become a strategic focus of Finance Active since Cathay Capital acquired a stake in the company in March 2019.
Jacques Descourtieux and Patrice Chatard, Co-CEOs of Finance Active:
"We are delighted to partner with LPA for the development of Verifino. It is a great strategic opportunity for expanding our European markets and for strengthening our presence in financial institutions. Finance Active and LPA teams will be able to combine their assets and offer our customers more performant solutions and data management"
Edouard Moinet, Co-Founder and Managing Partner of Cathay Capital:
"We are happy to support Finance Active in this first build-up, which is also the first carried out by Cathay Capital in Germany for one of its portfolio companies. 9 months after the closing of our investment, this build-up is a key milestone in the development plan we have defined with the management team to enable Finance Active to become a world leader in digital solutions for debt management."
About Finance Active
Created in 2000, Finance Active designs solutions to improve performance in debt management and financial risk management: foreign exchange, investment, forecasting, and guarantees. It supports the digital transformation of financial services for companies, local authorities, and financial institutions with over 10,000 users across 5 continents. Its solutions, continuously connected to financial markets, provide a unified and dynamic view of operations and simplify management. User-oriented, they introduce agility and collaborative modes - previously unseen - in driving financial performance. Its mission: to provide exceptional information and high-level support to financial teams to enhance their operational and financial flexibility.
For more information, visit www.financeactive.com
Key contact
Finance Active
Resources team
Key contact
Finance Active
Resources team
