Amsterdam-based unicorn Backbase, an Engagement Banking platform that helps financial institutions in their digital transformation, announced on Thursday that it has acquired Nucoro, a London-based digital wealth platform, for an undisclosed amount.
Founded in 2019 by Lennart Asshoff, Nikolai Hack and Antonio Melé, Nucoro helps financial institutions build digital savings, investment, and wealth management offerings.
The cloud-native platform enables businesses to accomplish their digital strategy by generating tailored and automated offerings that evolve with their consumers and enhance profitability.
The company claims to be at the heart of every future digital investment proposal, from automated investing and stock trading to hybrid advising and digital wealth management, making it simple to prosper in the digital era.