Holding company acquires Swiss RegTech startup

Thalassa Holdings Ltd, a holding company incorporated and registered in the British Virgin Islands, announced last week, the completion of the acquisition of 100% of the issued share capital of id4 AG, via Thalassa's wholly owned Swiss subsidiary, Apeiron Holdings AG.

id4 is a Swiss RegTech company established in the Canton of Lucerne specialising in the provision of software in Client Life Cycle Management that supports Financial Institutions compliance with increased regulations - e.g. Know Your Customer ("KYC") and Anti-Money Laundering regulations.

The acquisition of id4 was satisfied as to CHF 113,330 in cash and as to a maximum of CHF 6.9 million in shares, valuing Apeiron at CHF35 million. As a result, id4 shareholders have received 16% of the enlarged share capital of Apeiron with a further 4% set aside for future award.

"Id4 represents Apeiron's first FinTech acquisition in an expected series of further acquisitions in related RegTech disciplines, which will allow the founders of acquired companies to focus on developing their businesses whilst the board of Apeiron focuses on guidance, support and the capital needs of its holdings", commented Duncan Soukup, chairman of Thalassa "On behalf of the board, I would like to welcome the founders of id4, Sébastien Lalande and Emmanuel Nay, to Apeiron."

"Sébastien and Emmanuel are seasoned professionals both of whom have worked for many years in the banking and financial services industries and who have an exceptionally strong technical proposition. We are in no doubt that id4 will succeed in delivering advanced technological and cost-effective solutions to clients faced with an unprecedented increase in compliance and reporting obligations. I look forward to working with the id4 team and developing Apeiron's business, for which the Board has great ambitions."