Berlin – SMP advised the shareholders of the German FinTech company TTMzero on the acquisition of a 25 percent stake by United Fintech. United Fintech intends to increase its shareholding to 80% over the next three years. The partnership is intended to leverage the full potential of both platforms. According to TTMzero, United Fintech's expertise in sales, marketing and distribution will be used to scale the company's business and global reach. SMP partners Martin Schaper, Frederik Gärtner and Malte Bergmann together with Konstantin Häfner provided comprehensive legal and tax advice in connection with the acquisition of the stake by United Fintech and the subsequent partnership.
"The partnership with United Fintech marks another milestone for TTMzero. By entering the RegTech and Capital Markets Tech segment, United Fintech is consistently pursuing its goal of supporting major banks and financial institutions in the course of their digitalization by offering a comprehensive FinTech solution", says Frederik Gärtner. "We are pleased that SMP was able to assist in legal and tax matters in connection with the transaction and are looking forward to further observing the promising partnership between the two companies", adds Martin Schaper.
TTMzero is a technology and software company based in Berlin-Brandenburg with more than 25 employees. It operates in the area of RegTech and Capital Markets Tech for the finance industry. The product portfolio for financial institutions includes a variety of real-time data products and software-as-a-service (SaaS) solutions that support institutional investors, banks and asset managers in the independent evaluation of financial instruments, the calculation of risk indicators and the automation of pre- and post-trade processes. Founded in 2013 as smarttra.de, the company has grown continuously in recent years. Today it counts financial institutions from Europe, the USA and Asia among its clients.
United Fintech acquires and scales capital markets software companies in order to digitize financial services. Headquartered in London, United Fintech has a global sales network and regional offices in Copenhagen, New York, Dubai and Singapore. Its management team consists of world-class experts in each aspect of building, growing and scaling capital markets businesses. United Fintech was founded in 2020 by fintech expert and CFH Group's founder, Christian Frahm, who previously also worked for Saxo Bank and Bloomberg. The company currently employs approximately 75 members of staff.
SMP is a boutique law firm for tax and business law which is active in the core fields of Tax, Funds, Corporate, Litigation and Transactions. The attorneys and tax specialists at SMP represent a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations as well as private equity and venture capital funds. Founded in 2017, SMP has become one of the leading players for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, SMP has more than 60 experienced lawyers and tax specialists in three Offices in Berlin, Hamburg and Cologne.
Advisors shareholders TTMzero: SMP
Dr. Martin Schaper (Corporate(M&A), Partner
Dr. Frederik Gärtner (Corporate(M&A), Associated Partner
Dr. Malte Bergmann (Tax), Partner
Konstantin Häfner (Corporate/M&A), Associate