Summit Equity has acquired a majority stake in Belgium-based FinTech company Intix.
This acquisition will help Intix accelerate its growth and innovation, while keeping the founders on board to use their experience to capitalise on business opportunities.
The investment firm made the acquisition through its third investment fund, which marks the vehicle’s first deal.
Founded in 2011, Intix offers a high-performance insight platform to boost operational excellence to improve transaction monitoring and transparency within financial institutions.
Its products provide financial institutions with the capability to view their transaction data in a unified visual graphical user interface, as well as in machine readable APIs. Its technology can replace manual workloads for firms and implement real-time alerts to accelerate protections.
Intix CEO Marc Braet said, “In Summa Equity, we found the ideal partner to support our exponential growth ambitions. From the very first contact, we felt that Summa Equity shares the cultural and social values of the Intix family. We are looking forward to working together, capitalising on new business opportunities that solve global challenges.”
Copyright © 2022 FinTech Global
