CHAPTERS Group AG Enhances Financial Technologies Segment Through Merger

CHAPTERS Group AG has announced the merger of its subsidiary Fintiba GmbH with Expatrio Global Services GmbH, marking a significant expansion in its Financial Technologies segment. This strategic decision will allow CHAPTERS to increase its investment in services aimed at international students and skilled professionals in Germany. The collaboration with FIB Frankfurt International Bank AG further strengthens the offering, including blocked accounts and health insurance.

The merger elevates the segment's 2024 pro forma revenues to €42 million, doubling previous levels. CHAPTERS will hold a 61.8% stake in the new entity, and anticipates organic growth in the Financial Technologies segment. Fintiba CEO Bastian Krieghoff will join the CHAPTERS Executive Board, overseeing this sector.

This move not only enhances the financial services offered to the international community in Germany but also seeks to address the skills shortage and support German exports. The partnership with FIB aims to develop innovative financial products, adding value to the existing range.