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United Fintech acquires Commercial Banking Applications (CBA) with backing from leading global banks

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LONDON, Feb. 4, 2025 /PRNewswire/ — United Fintech, the industry-neutral digital transformation platform, has announced the full acquisition of Commercial Banking Applications (CBA), a leading banking technology provider specializing in API-driven trade finance and payments solutions. The acquisition was financed by both equity and debt from existing investors, which include four major banks: BNP Paribas, Citi, Danske Bank, and Standard Chartered. This strategic move marks United Fintech’s entry into the commercial banking segment and represents a significant acquisition.

Expanding into Commercial Banking: Digitizing Legacy Infrastructure for Banks

United Fintech and CBA share a common goal: providing banks with scalable, cutting-edge technology. CBA serves a strong network of leading banks across Europe and Asia, with ABN AMRO standing out as one of its top-tier banking customers. This highlights the trust major financial institutions place in CBA’s cutting-edge solutions. It also demonstrates the strength and reliability of CBA’s solutions in supporting major financial institutions. By integrating CBA’s API-driven trade finance and payments technology, United Fintech enhances its ability to support financial institutions in their digital transformation. This acquisition strengthens automation, efficiency, and security for commercial banks worldwide, ensuring they can seamlessly integrate innovative fintech solutions.

CBA’s expertise in API-based banking technology, combined with United Fintech’s global reach, will drive operational efficiency for financial institutions. United Fintech remains committed to expanding its platform through strategic acquisitions and partnerships, reinforcing its position as a leading fintech provider for banks seeking advanced digital solutions.

Reinvestment in United Fintech’s Growth

As part of the deal, 15% of the total consideration has been reinvested into United Fintech shares, ensuring that CBA’s employees remain actively engaged in the company’s future. This reinvestment reflects a strong commitment from CBA employees to the long-term vision of United Fintech, reinforcing a shared ambition to drive innovation in commercial banking technology. By aligning interests, this structure allows to leverage the combined expertise and scale solutions for financial institutions worldwide.

A Shared Vision for Innovation

Christian Frahm, CEO & Founder of United Fintech, commented: “We are thrilled to welcome CBA into the United Fintech family. CBA has a proven track record of delivering innovative, high-quality solutions that help banks optimize their operations. Their technology perfectly complements our vision of building a comprehensive digital ecosystem for financial institutions. With CBA’s talented team and industry-leading expertise, we are well-positioned to strengthen our digital commercial banking roadmap.”

Rolf Hauge, CEO & Founder of CBA, expressed his enthusiasm about becoming part of United Fintech: “Joining United Fintech is an exciting new chapter for CBA. Our technology stack aligns seamlessly with United Fintech’s strategy, and this partnership will enable us to scale our solutions globally. Additionally, becoming a United Fintech shareholder reflects our long-term commitment to driving innovation in the financial services industry.”

Contact: For more information, please contact rossen@unitedfintech.com or +45 20729972.

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/united-fintech-uk/r/united-fintech-acquires-commercial-banking-applications–cba–with-backing-from-leading-global-banks,c4100031

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Solestial to be Featured in Google Workspace Big Game Commercial

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Space startup to represent Arizona in Google’s “50 States, 50 Stories” campaign

TEMPE, Ariz., Feb. 6, 2025 /PRNewswire/ — Tempe space startup Solestial, Inc. (“Solestial”), will be featured in a Google Workspace commercial scheduled to air Sunday February 9, on Fox networks in the Arizona market during America’s most-watched football game. The ad, which features Solestial CEO Stan Herasimenka and other employees, showcases the cutting-edge solar technology for space being developed by Solestial and how the company is using Google’s AI tool, Gemini.

The company was handpicked by Google to represent Arizona as part of its “50 States, 50 Stories” campaign, which features 50 small businesses from across the United States. Google’s goal for the 30-second ad was to select a wide array of businesses from different locations and industries and highlight the many ways customers, like Solestial, are using AI.

“We were honored to be selected from among many innovative Arizona technology companies for Google’s campaign. It’s every business’s dream to be featured in a commercial during football’s premier event,” said Solestial CEO, Stan Herasimenka. “We are hopeful that the media attention will increase awareness of our next-generation silicon solar technology within the space industry, federal agencies, and the military. Beyond that, our team is really looking forward to seeing the commercial air on game day. It’s a company milestone none of us will ever forget.”

Solestial’s Google Workspace commercial, and all “50 states, 50 stories” commercials, are available on the Google Workspace website and on YouTube.

About Solestial

Solestial exists to deliver abundant energy in space. The company’s breakthrough technology is a silicon solar cell engineered for space to self-cure radiation damage under sunlight at operating temperatures as low as 65°C. Solestial solar cells are packaged in an ultrathin, low-mass, flexible solar power module designed to withstand up to 10 years in a variety of destinations in space. The flexible solar power modules can be produced on automated machines resulting in lower production costs than traditional III-V multijunction solar products.

From today’s satellite constellations and research projects to tomorrow’s lunar settlements and services in space, Solestial’s innovative technology represents a paradigm shift for space solar; an affordable, scalable solution to power sustained development. Solestial is a US company manufacturing solar cells and flexible solar power modules in Tempe, Arizona. Investors include space industry leaders including AE Ventures and Airbus Ventures. To learn more, visit the Solestial website or follow Solestial on social media.

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SOURCE Solestial, Inc.

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Lumen Technologies to Attend Investor Conferences

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DENVER, Feb. 6, 2025 /PRNewswire/ — Chris Stansbury, executive vice president and chief financial officer at Lumen Technologies (NYSE: LUMN), will attend the following investor conferences:

JP Morgan Global High Yield & Leveraged Finance Conference on February 25.Raymond James Annual Institutional Investors Conference on March 3.Morgan Stanley Technology, Media & Telecom Conference on March 4.Deutsche Bank Annual Media, Internet & Telecom Conference on March 11.New Street BCG Connectivity Conference on March 26.

Live webcast links to each of the investor presentations will be made available on the Lumen Investor Relations website at https://ir.lumen.com/events-and-presentations.

About Lumen Technologies 
Lumen is unleashing the world’s digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI’s full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.  

For additional news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies.  

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SOURCE Lumen Technologies

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ASAP Utilities wins ‘Best Microsoft Excel Add-in’ Award at the Global Excel Summit 2025

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LONDON, Feb. 6, 2025 /PRNewswire/ — ASAP Utilities has won the ‘Best Microsoft Excel Add-in’ award at the Global Excel Summit 2025. The winners were chosen through a comprehensive process that included public nominations, expert evaluations by a panel of leading Excel experts, and final voting by the global Excel community.

The Global Excel Summit, the world’s largest event for Excel users and experts, brings together thousands from around the world to share ideas, improve skills, and learn about the latest trends in Excel.

The Global Excel Awards, organized by the Global Excel Summit, celebrate excellence within the Excel community across five categories. ASAP Utilities won in the ‘Best Microsoft Excel Add-in’ category for its many tools that extend Excel’s capabilities, enhancing productivity and efficiency. Other awards categories include Rising Star in the Excel Industry, Most Innovative Use of Excel, Best LAMBDA, and Best Global Excel Summit 2025 In-Person Session.

“Winning this award is a tremendous honor and a significant compliment from the Excel community. Since 1999, we have been committed to helping Excel users by continuously developing tools that save time and perform tasks that Excel alone cannot,” said Bastien Mensink, the founder of ASAP Utilities.

Helping Excel users worldwide

Nearly a million users rely on ASAP Utilities, an essential tool for Excel users worldwide. It is also one of the few Excel add-ins available in ten languages, making it accessible to users everywhere.

ASAP Utilities is available in two editions, so everyone can benefit from working faster and accomplishing more in Excel. The Home & Student Edition is free for personal use, for students, and for charitable organizations like UNICEF and the Red Cross. The Business Edition is a one-time purchase for companies and government organizations, with a fully functional 90-day free trial to try all the features.

For more information about the Global Excel Awards, visit:  https://globalexcelsummit.com/global-excel-awards

For more information about ASAP Utilities, visit:  https://www.asap-utilities.com

Website:  https://www.asap-utilities.com

Photos which are free to use for editorial purposes can be downloaded via:  https://www.asap-utilities.com/media

Trustpilot reviews:  https://www.trustpilot.com/review/www.asap-utilities.com

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