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United Fintech, a one-stop shop for hedge fund, banks and asset managers announced it will be opening a key developer hub in Madrid, Spain. Located in the same building as it’s portfolio company, Athena Systems.
The new office, a key developer hub, is being headed by Erik Nordahl, United Fintech Chief Technology Officer. He will be relocating to Madrid to manager team growth and monitor development of innovative products with focused on the capital market.
Our expansion in Madrid is a great strategic move, enabling us to continue to access top technology talent for our own initiatives, client projects, and to help scale our portfolio companies. The impact of our global sales force is resulting in increased activity for our portfolio companies and the need for additional resources. If they struggle to recruit developers in their respective locations London, Berlin and Copenhagen we can now source developers for them in Madrid.
Additionally, the development team will support United Fintech portfolio companies Athena Systems, FairXchange, NetDania, and TTMzero.
Sourcing technology skills in the current climate is extremely challenging. There is a fight for technical talent, which has been exacerbated by the Russia/Ukraine situation. With many of our clients increasingly questioning Eastern Europe as a resource hub for development, we have been reviewing alternative options to access the very best talent in the industry. We see great potential in leveraging Athenas already established brand and network within the top talent IT community over the past 15 years.
United Fintech acquires financial technology companies in the capital markets sector, operating as a one-stop shop to aid in the acceleration of banks, hedge fund and asset managers transitions into the digital world.
