Delta Capita, a financial services consulting company, has acquired $50 million in capital from Prytek Holdings, a Singapore-based venture capital firm.
As noted on Delta Capita’s official website:
“We work with the world’s [largest] financial institutions to help them comply with regulations, simplify operations, reduce costs and innovate their business models and leverage leading Fintechs.”
Delta Capita’s management will now become the new financial services division of Prytek. This will reportedly allow the VC company to access an additional $100 million of funds, in order to make acquisitions in the future and to provide funding for customer transactions.
Prytek manages over $300 million in assets. It presently has 35 firms in its portfolio, which operate across a wide range of technology-focused business areas, such as artificial intelligence (AI), cybersecurity, Fintech, and human resources.
Joe Channer, CEO at Delta Capita stated:
“Access to Prytek’s capital and growing portfolio, provides further leverage for Delta Capita and its growth as one of Europe’s largest fintech solutions and service providers. Delta Capita is actively in the market looking to deploy this capital under co-investment arrangements with clients to ‘carve out’ and commercialise non-core business functions.”
Delta Capita has business offices in Amsterdam, Hong Kong, Johannesburg, and London.
Elaborating on why his company has invested in the Delta Capita, Andrey Yahsunky, managing partner Prytek Holdings, noted:
“[The firm] has a unique combination of experience in financial services and technology innovation capability allowing it to offer outstanding managed services and solutions to its clients.”
The investment has come shortly after the Financial Times (FT) reported that Delta Capita was one of fastest-growing consulting companies in Europe. The firm has now received this recognition for three consecutive years.