Finnova’s Acquisition of Contovista

Advestra advised Viseca in this trans­ac­tion.

Viseca has sold Contov­ista, a lead­ing Swiss fintech com­pany in data-based bank­ing, to bank­ing soft­ware man­u­fac­turer finnova.

Contovista was founded in 2013 and has evolved from a first mover into the Swiss leader in data-based banking. Its white-label software and its data and analytics solutions can be seamlessly integrated into existing banking systems. More than five million bank clients now use the Contovista solution via their partner banks.

Data-driven banking is a key strategic area for Finnova and its customers, alongside banking automation, and digitalisation and ecosystem. With the Finnova Analytical Framework, Finnova already offers a rapidly growing range of data solutions, delivered by an experienced team of data experts. Through the merger with Contovista, Finnova is acquiring a team of around 50 data experts, who bring with them wide-ranging knowledge of the many facets of data-driven banking.

The Advestra team included Beda Kaufmann (Picture), Annina Ham­mer, Daniel Raun and Mar­lon Ber­to­lini (all Cor­por­ate | M&A).

Involved fees earner: Mar­lon Ber­to­lini – Advestra; Annina Ham­mer – Advestra; Beda Kaufmann – Advestra; Daniel Raun – Advestra;

Law Firms: Advestra;

Clients: Viseca Card Services SA;