Amundi Acquires German Fintech aixigo to Strengthen Digital Solutions for Wealth Management

Amundi Acquires German Fintech aixigo to Strengthen Digital Solutions for Wealth Management

(IN BRIEF) Amundi has acquired German fintech company aixigo for €149 million, integrating its modular, API-driven technology platform into Amundi Technology. This acquisition expands Amundi’s digital services for banks and wealth managers, aiming to enhance operational efficiency and personalized financial advisory solutions. With aixigo’s strong client base and expertise, Amundi expects the partnership to drive significant growth in the European and Asian wealth management markets.

(PRESS RELEASE) MONTROUGE, 15-Nov-2024 — /EuropaWire/ — Amundi has announced the acquisition of German wealthtech company aixigo, a leader in modular, API-based solutions for distributors of savings and investment products. This acquisition strengthens Amundi’s digital services by incorporating aixigo’s innovative platform into Amundi Technology, enhancing its reach among banks and financial intermediaries. With a purchase price of €149 million, Amundi expects significant revenue and cost synergies from this strategic expansion, with returns projected to surpass 10% within three years.

Founded in Germany 25 years ago, aixigo serves over 20 international clients and manages €1 trillion in assets. Its 150-strong team delivers a range of high-quality financial technology services, enabling financial advisors to offer personalized and efficient client solutions. These capabilities will now support Amundi Technology’s diverse offerings for portfolio management, wealth management, and asset servicing across Europe and Asia.

Amundi CEO Valérie Baudson noted that the acquisition will drive operational efficiency and personalization, providing clients and partners with more flexible advisory solutions. The partnership aligns with Amundi’s vision of enhancing its digital footprint in the wealth management sector, with aixigo’s expertise expected to fuel the creation of advanced financial advisory tools.

This acquisition, according to Amundi Technology CEO Benjamin Lucas, combines the technological strengths of both firms, creating a comprehensive suite of services for wealth managers and private banks. Aixigo’s co-founder Christian Friedrich emphasized that the partnership would bring powerful new opportunities for clients and foster ongoing innovation in the financial technology space.

About Amundi

Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients – retail, institutional and corporate – a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages close to €2.2 trillion of assets[2].

With its six international investment hubs[3], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

Amundi clients benefit from the expertise and advice of 5,500 employees in 35 countries.

Amundi, a trusted partner, working every day in the interest of its clients and society

www.amundi.com

1. Source: IPE “Top 500 Asset Managers” published in June 2024, based on assets under management as at 31/12/2023
2. Amundi data as at 30/09/2024
3. Boston, Dublin, London, Milan, Paris and Tokyo

Media Contacts:

Corentin Henry
Tel: +33 1 76 32 26 96
corentin.henry@amundi.com

Daniele Bagli
Tel : +33 1 76 32 75 16
daniele.bagli@amundi.com

SOURCE: Crédit Agricole