Belgian fintech platform Intix has been acquired by Summa Equity for an undisclosed figure. As part of the acquisition, Intix founders will not only remain on board but are now backed with significant capital to further propel the company's growth and innovation ambitions.
Founded in 2011, Intix provides a variety of financial sector clients including Nordea, Société Générale, Standard Bank of South Africa, and KBC Bank with a host of services including a centralised overview of all transaction data and surfeit of APIs. In a world where time truly is money, not only do these services significantly shave hours off an often manual labour process, but also provide insights and a recommended course of action when any eyebrow-raising irregularities occur.
The first investment from Summa Equity’s recently announced €2.3 billion fund, and directly inline with the fund's commitment of incorporating the UN’s SDG framework into its portfolio, Intix takes on issues number 16.4,
“By 2030, significantly reduce illicit financial and arms flows, strengthen the recovery and return of stolen assets and combat all forms of organized crime”
“Substantially reduce corruption and bribery in all their forms”
By providing banks with access to end-to-end transparency and reporting, and real-time surveillance, Intix is aiming to prevent illegal financial transactions including money laundering, corruption, organised crime, illegal exploitation of natural resources, fraud in international trade, and tax evasion.
”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,” commented CEO Marc Braet.