Gibraltar, Gibraltar, December 19, 2016 (Newswire.com) - AIE has agreed to acquire Paladin (Precision Asset, Liability, and Derivative Investment Network), a US-based fintech company that has invented a new operation system investment managers that connects the information, people and technology needed to manage money in real time. The Paladin platform combines sophisticated risk analytics with comprehensive portfolio management, trading and operations tools on a single platform to power informed decision-making, effective risk management, efficient trading and operational scale. The acquisition is part of AIE’s strategy to lead the technology-driven change that is transforming the financial services industry. The transaction values Paladin at $32 million
“Paladin’s customer experience is unmatched in the financial industry,” said AIE Chairman & CEO William Fisher. “Paladin will reinforce our global digital transformation while AIE will provide the means to help Paladin maximize its outstanding growth potential.”
Paladin, based in San Francisco, Silicon Valley, was founded in 2013 and its commercial launch took place in July 2014. It now has more than 100,000 customers across the United States, a five-fold increase since the end of 2015. Paladin offers users a simple yet effective way of analyzing and managing their investment portfolio and real customer service.
Paladin will continue to operate separately under the same brand, with the same philosophy and approach to customer experience. Larry Ezra co-founder and CEO, and Dinesh Raju, co-founder and CFO, will continue to lead the 92-employee team that works at Paladin. AIE will complete the purchase and assist Paladin to develop new products and services. With the support of the AIE Group, Paladin will be able to expand beyond the US and enter new markets.
“Joining with AIE gives Paladin the resources and global footprint we need to see our vision writ large,” said Larry Ezra. “AIE believes in our vision and the course we have set to transform the industry.”
The investment in Paladin is yet another example of AIE’s commitment to innovation amid the rapid technology-driven change that is transforming the financial services industry. AIE is introducing new products and services through a variety of initiatives, developed both in-house and through its investments in leading start ups aiming to reinvent the financial services industry.
Archer-Daniels Investment Exchange (AIE) is a specialist investment firm with a focus on the agricultural commodities markets and agribusinesses.