Quantifeed, a Hong Kong-headquartered provider of digital wealth management solutions, has acquired Alpima, a portfolio construction, visualization and analytics fintech firm based in London.
Financial terms of the transaction were not disclosed. But as part of the deal, Fidelity International Strategic Ventures (FISV), a strategic investor in fintech businesses, is joining Quantifeed as a shareholder.
Quantifeed says the acquisition will bolster its capabilities across the full portfolio management spectrum – including construction, personalization, visualization, risk analytics, order management and trading, and monitoring and reporting.
With the deal, the firm says it will be in a unique position to service clients across EMEA, Asia, and the Americas as they look to grow their business more efficiently and create smarter solutions for their clients.
“We are very excited about bringing together two hugely talented teams of financial engineers to create a world-class technology platform,” says Quantifeed co-founder and chief executive officer Alex Ypsilanti. “This transaction accelerates our mission to increase the productivity of investment professionals and to create better investment outcomes for their clients.”
In May 2022, Quantifeed announced its Series C funding round that was led by HSBC Asset Management and joined by LUN Partners Group, Franklin Templeton, and Daiwa PI Partners.
Aside from Hong Kong, the firm also has presence in Singapore, Australia, Japan, and India. Its clients include DBS in Singapore, Cathay United Bank in Taiwan, and MUFG in Japan.
Alpima says it brings together engineers, applied scientists, and capital market professionals to harness the latest advances in data science and technology. Its clients include Bank Julius Baer, BBVA and Natixis Asset Management.