- The majority shareholder of niiio finance group AG acquires Etops Group AG (“Etops”), a leading Swiss wealthtech company.
- The move signifies a critical step towards consolidating the European market for asset and wealth management technology, driving innovation and growth.
- With a combined headcount of over 300 staff and 550 clients, the combined group is a leading pan-European provider of wealth and asset management software.
Following the engagement of private equity firm Pollen Street Capital in the German wealth and asset management technology market in Q4 2023, the leading Swiss wealthtech firm Etops has become part of a group of wealthtech companies backed by Pollen Street Capital.
Etops is an innovative provider of SaaS solutions to approximately 100 clients across the wealth and asset management sectors based near Zug, Switzerland. Driven by its “etopsOS” platform, which provides a modular suite of data consolidation, portfolio management, CRM and reporting solutions to a range of blue-chip clients, founder/CEO Pius Stucki and his team have led Etops to become a key player in the growing Swiss market.
The combined group will be a leading pan-European consolidator for wealth and asset management software. With a total headcount of over 300 dedicated staff, the group serves more than 550 clients from the entire spectrum of financial services, including banks, wealth and asset managers, financial advisors, and insurance firms in Germany, Switzerland and other continental European markets. The group includes businesses like Etops, Fundsaccess, FundHero as well as PATRONAS and DSER (both through niiio finance group). Its modular, end-to-end technology solutions span the entire wealth and asset management value chain and enables its clients to enhance their customer experience and digitize and optimize their core processes.
The acquisition of Etops is a significant step in Pollen Street Capital’s engagement in the European wealthtech segment. In October 2023, an investor agreement between the majority shareholders of niiio finance group AG and Pollen Street Capital paved the way for niiio finance group AG’s expansion. The takeover and subsequent contribution of the three companies fundsaccess AG, FundHero S.A. and its sister company FinTecc LLC by Neptune BidCo AG to niiio finance group by way of capital increases in kind had also been negotiated. Earlier this year, the niiio finance group AG extraordinary general meeting on 22nd May 2024, resolved that fundsaccess AG, FundHero S.A. and FinTecc LLC shall be contributed into the company.
Contact:
E-Mail: ir@niiio.finance
Phone: +49 35 81 / 374 99 – 0
About niiio finance group AG
niiio finance group AG provides cloud-based SaaS solutions for the asset and wealth management industry. The company offers a comprehensive, modular set of solutions, enabling the digitization of a broad range of client-facing as well as mid-/ back-office activities. niiio finance group’s goal is to create the leading pan-European platform in its space, building on both its track record of M&A as well as its strong momentum organically.
About Etops
Etops is a leading Swiss wealthtech company specializing in innovative digital solutions for asset and wealth management. Founded in 2010, the company has focused on enhancing efficiency and transparency by providing comprehensive technology and operations services, empowering financial institutions to optimize their operations, employ AI-based intelligence, and deliver superior client experiences. Etops has more than 140 employees with offices in Switzerland, Germany and Slovakia.
About Pollen Street Capital
Pollen Street is a fast-growing, purpose-led and high performing private capital asset manager. Established in 2013, the firm has built deep capability across the financial and business services sector aligned with mega-trends shaping the future of the industry. Pollen Street manages over £4.5bn AUM across private equity and credit strategies on behalf of investors including leading public and corporate pension funds, insurance companies, sovereign wealth funds, endowments and foundations, asset managers, banks, and family offices from around the world. Pollen Street has a team of over 80 professionals with offices in London and New York City.
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