European Online Broker BinckBank Buys Fintech Firm Pritle For $13.5m

[kreslik.news]

Binckbank (AMS: BINCK), a Dutch-based online bank and broker, is the latest asset management giant to jump onto the robo-advisor bandwagon through the purchase of a digital advice firm. The third-largest online bank in France today acquired Amsterdam-based robo-advisor Pritle for €12.5 million ($13.50 million), of which €7.5 million is in cash and €5 million is in Binckbank shares.

Dutch fintech company Pritle is an online wealth manager which helps users to define and track their financial operations through automatic portfolio re-balancing and personalised recommendations. The service is a cloud-based platform operating on Amazon Web Service. It constructs for its clients ... (read more)