Investment firm Motive Partners has agreed to buy a controlling stake in Finantix, a fintech provider serving private banks, wealth managers and insurance firms. Financial terms of the deal were not revealed.

The investment firm aims to strengthen Finantix’s product line-up as well as expand its presence to core growth markets.

Finantix co-founder Ralf Emmerich said: “Our rapid growth is based upon the strength of our front office and multi-channel components, which are recognised as best in class for their solid architecture, rich functionality, sophistication, flexibility and ability to enable effective sales, advisory, onboarding, products origination and management processes for private banks, wealth managers and insurance companies.

“Motive Partners’ experience growing financial technology businesses on a global scale, combined with their extensive network, makes them an ideal partner for the next stage of our growth.”

Furthermore, Motive Partners’ technology value creation team Motive Labs will collaborate with Finantix to enable technology development and global expansion.

Motive Partners partner Scott Kauffman said: “Finantix founders, Ralf Emmerich and Alessandro Tonchia, supported by a strong management team, have demonstrated their ability to create a compelling product, bringing a leading technology platform to an ever-increasing set of blue chip clients.”

Currently, Finantix provides software components, accelerators, APIs to facilitate digitalisation of omni-channel advisory, sales and services processes.