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Summa Equity boosts growth of fintech firm Intix (Flanders)

The perfect fintech fit! Scandinavian billion-dollar fund Summa Equity is acquiring a majority stake in Intix. Based in Mechelen (Flanders), Intix develops technology that helps banks screen and analyze financial transactions more efficiently. “Consider us a kind of Google for banks,” says CEO Marc Braet, who founded Intix eleven years ago together with Wouter Van Santvliet.

Convincing tier 1 banks across the world

In recent years, more and more banks have become interested in Intix’s technology. In Flanders, KBC and Argenta already use the services offered by the Mechelen-based fintech firm. Abroad, major international banks such as Société Générale, Standard Chartered and Nordea are among its customers.

“Banks and financial institutions need to work with a massive amount of data: from transactions with private and corporate customers to data exchange with central banks,” says Intix CEO Marc Braet. “With our technological products and platform, we make it possible to trace and monitor financial transaction data in a more transparent and actionable way.”

Fast forward

Summa Equity’s acquisition allows Intix to accelerate its growth and innovation trajectory while keeping the company’s founders on board. The goal is to leverage their experience and capitalize on new business opportunities that respond to global challenges in the world of finance as well as society at large.

Money laundering and fraud are major challenges. Intix has created a solution that represents an important step forward in terms of monitoring and detection capabilities. We are impressed with the Flanders-based team and their values and we look forward to partnering with them for the next phase of the journey.

Gisle Glück Evensen
partner at Summa Equity

Further internationalization ahead

“With the arrival of Summa Equity, we can do in one year what we had planned for the next five years,” Braet explains. Intix has about 40 employees on board. In just one year, that number will probably more than double. “We want to become a world player in our field,” Braet adds. “For this reason, we are also opening offices in the US, London, Frankfurt and Singapore in the months to come.”

From the very start, we felt that Summa Equity shares our cultural and social values. We look forward to working together and capitalizing on new business opportunities that help solve global challenges.

Marc Braet
CEO of Intix

More info

Intix
Reported by
newspaper De Tijd
7 March 2022

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