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June 20, 2023 | Transactions, M&A

Zelig advises Arex Markets on Sale to Bankable

Zelig is delighted to announce that it acted as sole financial advisor to Arex Markets on its sale to Bankable. This transaction gives the combined company the ability to offer new Credit-as-a-Service functionalities to its customer base and to embed the provision of credit and working capital into the payment flows of established neobanks, multinational […]

Zelig is delighted to announce that it acted as sole financial advisor to Arex Markets on its sale to Bankable.

This transaction gives the combined company the ability to offer new Credit-as-a-Service functionalities to its customer base and to embed the provision of credit and working capital into the payment flows of established neobanks, multinational brands and fintech platforms.

As embedded finance platforms proliferate, the SME financing space continues to struggle with automated, cost-effective and flexible access to liquidity solutions, thereby adding frictions and cost to the provision of SME credit.

Going forward, Bankable will be able to provide working capital capabilities such as flexible invoice financing, corporate credit cards, lodged cards and revolving credit, augmenting its existing API-first embedded finance platform. Customers will have the ability to build cards, payments, and credit solutions on top of the Bankable core virtual account offering with minimal additional integration effort. Financed by an extensive network of investors, Bankable’s clients can start offering fully automated credit to their end-customers without the need of a balance sheet of their own.

Arex Markets’ Series A backers, including LocalGlobe, Lifeline Ventures and Mosaic Ventures, will remain shareholders in the combined business.

“Bankable and Arex share the same mission: to offer embedded financial services across Europe to fintechs, established businesses and brands. Together with Bankable, we offer both a formidable infrastructure powered by the best technology that gives access to banking-related services that are modular and easy to integrate, and the deepest product breadth in the Bank-as-a-Service European market, covering accounts, cards and credit.
Airto Vienola
CEO, Arex Markets
“Thanks to our complementary assets and strong alignment of our teams, we can attract premium clients seeking to develop a uniform pan-European banking offer leveraging our best-in-class API platform including credit. This partnership clearly sets us up with the richest Bank-as-a-Service offer for premium clients with clear multi-country ambitions.”
Eric Mouilleron
CEO and Founder, Bankable

About Arex Markets

Arex Markets operates a marketplace connecting businesses with institutional investors unlocking capital by giving them access to an entire suite of credit solutions. Arex Markets’ mission is to drive the cost of financing down so businesses can retain more of their money and focus on their business.

About Bankable

Bankable is a global digital core banking platform and Banking as a Service provider. Bankable helps financial institutions, corporates and fintech deploy, orchestrate, and operate highly differentiated payment solutions with quick time to market.