The Slovak company Finax, specialized in facilitating investments and enhancing the savings of its clients, will achieve growth through the acquisition of retail investment activities from Aion Bank. This bank, with a Belgian banking license, operates in several EU markets and has a platform and ETFmatic in its portfolio. In addition to providing simple investment solutions for the general consumer population, the mentioned bank also offers products aimed at German intermediaries. Thanks to the collaboration with Aion Bank, these intermediaries have built their own investment platform under their own brand.
– In the long term, we are fulfilling our vision to position ourselves in foreign markets across Europe. The announced acquisition process, which includes significant software know-how, will be crucial for the development of new partnerships. Within these partnerships, we will focus on providing the acquired software, for example to financial agents or fintech companies, with the aim of creating their own investment platforms. Our ambition is to mediate this solution to banks, insurance companies, or management companies to enable them to offer a pan-European pension product to their clients – said Juraj Hrbatý, founder and CEO of Finax.
The advantages of European Pension, an innovative form of voluntary pension savings, will become even more accessible across the countries of the European Union. At the same time, Finax will remain the only provider after the first year of launching this new product. Its uniqueness attracts the attention of both domestic and foreign investors, and besides Slovakia, it is also available in the markets of the Czech Republic, Croatia, and Poland.
