Fintech
FE fundinfo acquires wealth management fintech Dericon
UK-based financial data firm FE fundinfo acquires German wealth management fintech Dericon. This is FE fundinfo’s seventh acquisition in over three years, with the aim of expanding its wealth management services and strengthening its presence in the DACH markets.
FE fundinfo continues its European expansion by acquiring Dericon, a Frankfurt-based wealthtech company. The deal, still awaiting regulatory approval, will give FE fundinfo clients direct access to one of Germany’s largest distribution networks for asset managers.
Dericon has created an extensive financial product distribution network, used by over 150 leading banks and global investment firms in their advisory processes. Through its web-based solution, the Dericon WMS platform, the company supports the compliant structuring of financial products, enabling better data provision and meeting growing regulatory demands in Germany and the EU.
This strategic investment also connects FE Fundinfo’s asset management customers to the largest German distribution network through the Sparkassen Group, a network of public banks with 50 million customers. This further consolidates FE fundinfo’s role as a strategic partner for fund managers aiming to connect investment product information and financial products to key distribution channels in Europe and the UK.
At the same time, Dericon’s clients and partners will benefit from a stable long-term shareholder base to fully support the further development and expansion of its strategy to build the best independent platform in the B2B securities industry.
Liam Healy, chief executive of FE fundinfo, said: “FE fundinfo is committed to strengthening its position as a long-term strategic partner to the investment management community.
“The Dericon team has built a strong business and through our partnership we further strengthen our commitment and capabilities in Germany by more clearly connecting investment product information to distributors such as banks and savings banks for our mutual customers and future.
“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, powered by FE fundinfo.”
Andreas Krause, founder and CEO of Dericon, added: “Dericon has built a reputation as a strong, innovative and reliable digitalisation partner for our customers and partners, and by serving them, we have built a deep understanding of the German distribution market.
“With FE fundinfo, we are excited to broaden our reach and bring our data and technical capabilities to the broader international financial sector.”
Dericon 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.