Fintech
FE fundinfo acquires German fintech Dericon
FE fundinfo, a financial data platform for the wealth management sector, has acquired German WealthTech Dericon.
This is FE fundinfo’s seventh acquisition in just over three years, with recent deals including fund distribution service Adjuto in September 2023 and French data provider Funds360 in February 2024.
Dericon has developed a financial product distribution network used by over 150 leading global banks and investment firms in their advisory processes.
The investment also connects FE fundinfo customers to the Sparkassen Group, a network of public banks with more than 50 million customers across Germany.
Dericon’s WMS platform supports the compliant structuring of financial products, allowing customers to be better served with data while meeting growing regulatory obligations in Germany and the EU.
The company is currently building a marketplace for wealth managers together with its partners investify Tech and dwpbank, which is expected to start operations in the fourth quarter of 2024.
Andreas Krause, founder and CEO of Dericon, says: “We plan to further develop our innovative WMS platform into a full-featured German distribution hub that accelerates access to market data and regulatory solutions, providing unrivaled value to customers.”
FE fundinfo has a long-term presence in the region and says it is committed to growing its German network with further planned strategic investments and product innovation.
Liam Healy, managing director of FE fundinfo, says: “The Dericon team has built a strong business and through our partnership we further strengthen our commitment and capabilities in Germany by more clearly linking investment product information to distributors such as banks and savings institutions”. banks for our mutual and future customers. For Germany’s 50 million individual investors, this will provide the best access to the widest range of investment opportunities through Dericon’s transparent and competitively differentiated solution, supported by FE fundinfo.”