In May 2021, FSC completed its acquisition of a stake in JZ Lending Ltd, which controls Spanish consumer finance specialist Unión Financiera Asturiana (“Ufasa”). The Bank of Spain has approved FSC’s investment into this regulated financial services company.
Ufasa is an independent consumer finance specialist, founded in 1984 and headquartered in Oviedo, Asturias, that was initially partly acquired by JZ International in 2020. FSC’s investment is expected to accelerate the transformation and digitalisation of Ufasa’s business.
Nymbus enables banks and credit unions of any size to grow and attract new market segments by delivering a full suite of banking technology, including Loan Origination, CRM and Digital, along with the operational resources to launch and run a new digital bank.
FSC has completed investments in Nymbus totalling more than $31m which will support Nymbus to continue building a best-in-class, cloud-native offering that is well positioned to be a leader in the industry and will transform FSC’s portfolio companies.
Barion is one of Hungary’s leading payment providers and has built a proprietary payment services platform that delivers actionable data intelligence. The company enables merchants to accept card payments online, users to pay in over 7,000 online shops, use their mobile app as a prepaid wallet and for wire transfers.
FSC’s investment is supporting Barion’s development of innovative products and services and accelerating its European expansion.
Tymit is one of the first providers of instalment credit cards in Europe. Users are able to finance purchases over time in a flexible, affordable and transparent way by utilising the latest cards and payments technology
FSC’s investment is supporting Tymit to scale its internal capabilities and invest in product innovation and customer acquisition.