United Fintech, a newly launched venture, has acquired 25% stake in German fintech TTMzero marking its entry in the market data and regtech space.

The company acquired the minority stake with the intention to increase its holding to 80% over the next three years.

Founded in 2013, TTMzero focuses on delivering digitised regtech and capital markets tech solutions.

The company’s portfolio includes two products- a financial instruments automation platform to digitise processes and workflows for securities and a real-time data analytics platform for financial instruments.

In Berlin, TTMzero has a team of 25 technology specialists and counts more than 20 large financial institutions as its clients.

United Fintech founder and CEO Christian Frahm said: “We are very excited that TTMzero is now part of United Fintech. They are market leaders in their field, with two of the largest investment banks relying on their infrastructure.

“The acquisition is a key milestone in our quest to help banks to digitize their operations and facilitate the implementation of innovative, cost-saving capital markets products.”

TTMzero managing partner and business development head Simon Ullrich said: “Our skillset is very much focused on developing cutting-edge technology for banks and financial institutions.

“To realise the full potential of our platforms, we welcome support with sales, marketing and distribution. United Fintech has an impressive, experienced team in these areas and a fantastic global distribution network.”

Launched in November last year, United Fintech focuses on acquiring capital market software companies. It aims to streamline access to digital technology for financial institutions.