Nordea and Crédit Agricole CIB join our main shareholder ING as shareholders of Cobase, with the objective to become commercial partners. The banks invest 10 million euro. Cobase raised these funds to accelerate the expansion of its business. At the same time, we have secured a commercial partnership with Nordea, with the intention to conclude a similar agreement with Crédit Agricole CIB. This allows Cobase to develop activities with two major players in the financial world who will use Cobase' technology to serve their clients. ING was already a shareholder and partner. Cobase anticipates that in the future more banks may join as strategic or commercial partners.
Cobase welcomes Nordea and Crédit Agricole CIB as new investors and strategic partners
June 10, 2020