Allfunds platform to acquire Web Financial Group for €145m

Allfunds, one of the world's leading B2B WealthTech platforms for the fund industry, said on 5 April that it has entered into an agreement to acquire the entire share capital of Web Financial Group, a European financial technology company and provider of software solutions to the wealth management sector. The acquisition will significantly enhance Allfunds' customer proposition in digital & software solutions by gaining multi-asset and data capabilities, it said.  Allfunds strengthens its footprint in key markets where it already has strong positions: France, Germany, Spain, Sweden, S...