Capzanine Buys Majority Stake of Horizon Software

Capzanine, a European equity firm, has made an undisclosed yet substantial investment on the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term firm Horizon Software. With this, the equity firm has become a majority shareholder of Horizon alongside its CEO and the management team.

Mentioning the investment, Sylvain Thieullent, Horizon’s CEO, commented: “The management team and I are convinced by Capzanine’s capacity to support the company in this exciting new developmental phase. We share a common goal, namely value creation through [a] strong commitment to delivering quality to clients. This alignment will allow Horizon to accelerate its growth while staying focused on its expertise.”

Horizon’s primary business is to provide electronic trading platforms to investment banks and other financial institutions. Moreover, the two-decade-old firm has expanded quite aggressively over the years. The firm handles 90 clients across 26 countries and is connected to over 70 exchanges.

Expanding footprint

Paris-headquartered Horizon is also pushing heavily for its expansion in the Americas and the APEC region. Last month, it announced the extension in the Indonesian market. It also has a firm grip on the Chinese financial market, and earlier this year, signed a deal with Holly Futures, a large-scale futures providers in China, to launch iron ore and grain futures contracts at Dalian Commodity Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (DCE). Moreover, it also partnered with Shenyin Wanguo Futures’ subsidiary company Shenyin Wanguo Fortune Investment Ltd.

“Horizon Software shows great promise; the management team aspires to expand in APAC and the Americas, develop new asset classes and reinforce its position in France. We are very happy to invest together with the management and support Horizon Software in this new development era,” Benoit Choppin, a partner at Capzanine, said.

Despite being closely tied with the traditional financial sector, horizon also dived in the crypto arena earlier in January. It introduced cryptocurrency trading through its native gateway, which connects several of the largest crypto exchanges, including Kraken, Bitstamp, Bitfinex, and GDAX‎.