FE fundinfo expands presence in Europe with acquisition of Dericon

FE fundinfo, a UK-based financial data company, has acquired German wealth management fintech company Dericon.

This acquisition, the seventh in three years, is part of FE fundinfo’s strategy to expand its wealth management services and strengthen its presence in DACH markets.

By acquiring Dericon based in Frankfurt, FE fundinfo intends to increase its European expansion. The transaction, pending regulatory approval, will provide FE fundinfo clients with access to one of the largest distribution networks for asset managers in Germany.

Dericon has developed a significant distribution network of financial products, which is used in advisory processes by over 150 leading banks and global investment companies. Through its web-based Dericon WMS platform, the company facilitates the compliant structure of financial products, streamlining data delivery and meeting regulatory requirements in Germany and the EU.

Uniting the network

This acquisition also connects FE fundinfo’s asset management clients with Germany’s largest distribution network through the Sparkassen Group – a network of public banks serving 50 million customers. This move strengthens FE fundinfo’s role as a strategic partner for fund managers, connecting investment and financial product information with key distribution channels in Europe and the UK.

Dericon’s clients and partners will benefit from a stable, long-term shareholder base, supporting the continued development and expansion of the independent platform in the B2B securities industry. FE fundinfo’s recent acquisitions include fund distribution service Adjuto in September 2023 and French data provider Funds360 in February 2024.