Quantifeed to acquire fellow wealthtech Alpima

Quantifeed, a digital wealth management solutions provider for financial institutions, is to acquire fellow wealthtech Alpima.

The terms of the deal have not been disclosed. Zelig, an independent investment banking firm focused purely on fintech and related technologies, acted as exclusive financial advisor on the transaction.

Founded in 2015 in London, Alpima provides a front office platform for investment management, delivered on a Software-as-a-Service (SaaS) basis.

Quantifeed is two years older and is headquartered in Hong Kong. Earlier this year, it closed a Series C funding round, led by HSBC Asset Management.

Alex Ypsilanti, co-founder and CEO of Quantifeed, says the combination of “two hugely talented teams of financial engineers” will result in “a world-class technology platform”.

Rafael Febres-Cordero, executive chairman of Alpima, says the two firms “share passion for designing and building technology solutions that solve client problems and help them deliver a personalised client experience at scale”.

Quantifeed and Alpima say they complement each other in terms of client names, geographic coverage, and product suite. Both businesses have client bases of Tier 1 financial institutions across Asia, EMEA, and the Americas, including Julius Bär, BBVA, DBS, Fidelity, and MUFG.

The combined platform promises “unparalleled capabilities across the entire portfolio management spectrum”, covering portfolio construction, personalisation, visualisation, risk analytics, order management, trading, monitoring, and reporting.

Its target market is private banks, asset managers, banks, brokers, insurers, and independent financial advisers (IFAs) globally.

The combined business is backed by financial investors such as LUN Partners and strategic investors such as Franklin Templeton, HSBC Asset Management, Fidelity International Strategic Ventures, and Daiwa.