United Fintech has acquired Trade Ledger, a technology company offering artificial intelligence (AI) based automation solutions for commercial and business lending.
The acquisition provides United Fintech with the full ownership of Trade Ledger, which will be operated under its commercial banking division.
Trade Ledger, founded in 2016 in Sydney and currently based in London, will maintain its existing leadership team and continue to operate under its own brand.
Its technology, leveraging in-house data models and AI to automate loan origination, underwriting, and portfolio management, serves clients such as Barclays and Bank of Queensland.
Trade Ledger’s founders have exchanged their shares for equity in United Fintech as part of the agreement.
United Fintech CEO and founder Christian Frahm said: “Trade Ledger CEO and co-founder Martin McCann and his team have built exceptional technology that transforms lending into a real-time, data-driven experience for customers.
“Together with our acquisition of CBA earlier this year, we’re now building the most complete digital infrastructure for commercial banking, from lending and trade finance to payments.”
United Fintech, established in 2020, operates as a digital transformation group connecting financial institutions with fintech companies.
Backed by investors such as BNP Paribas, Citi, Danske Bank, and Standard Chartered, its business model centres on acquiring and integrating fintech solutions.
The acquisition of Trade Ledger follows the integration of Commercial Banking Applications (CBA), a Norway-based banking technology provider.
CBA is said to have expanded the group’s payments and trade finance capabilities.
Trade Ledger offers an AI-native agentic platform that supports commercial banks in modernising their lending operations.
Together, CBA and Trade Ledger will provide clients with access to a broader range of technology solutions within a unified ecosystem, said United Fintech.
Trade Ledger CEO and co-founder Martin McCann said: “Joining United Fintech marks an exciting new chapter for Trade Ledger. As founders, our ambition has always been to transform how banks use data and technology to serve their customers.
“By becoming part of United Fintech, we gain the expertise, scale, and global reach to accelerate that vision and deliver impact faster than we could alone.
“We’re also proud to become shareholders in United Fintech, reflecting our belief in the long-term value of being part of something bigger.”
