cleversoft announces definitive agreement to acquire Fineksus

Munich / Istanbul 07 January, 2025 - cleversoft group, a leading provider of regulatory financial services technology, today announced the signing of a definitive agreement to acquire Fineksus, the market leader in financial messaging and anti-money laundering(AML) solutions in Türkiye. This strategic move underscores cleversoft's commitment to expanding its presence in the Middle East region, including Türkiye, the United Arab Emirates and Kuwait marking another milestone in the company's growth strategy. The transaction is expected to close in February 2025, subject to necessary regulatory approvals.

Fineksus, founded in Istanbul, Türkiye in 2002, has grown to a global player, providing products and services across 32 countries from Hong Kong to the UK. With over two decades of experience, Fineksus specializes in cutting-edge tools for anti-money laundering (AML) compliance and financial messaging efficiency. The company has achieved remarkable market penetration, serving all Turkiye's financial sector through various products.

These offerings deliver cost efficiency and rich functionality for financial messaging operations and compliance requirements. Fineksus' clients include major players such as central banks, government banks, and the largest private banks operating in those regions.

Please visit Fineksus website for more information.

The integration of cleversoft's regulatory technology solutions and Fineksus' specialized AML and payments software solutions will deliver expanded service offerings to financial institutions across the Middle East and beyond. The solution offers real-time transaction monitoring that analyze transactions as they occur, providing instant insights and proactive alerts to potential risks. By leveraging its rapid processing capabilities, which include online and high-speed transaction monitoring, organizations can effectively combat money laundering and payment fraud. These capabilities enable swift detection and response to suspicious activities, ensuring regulatory compliance and maintaining the integrity of their financial operations. The ability to process large volumes of transactions quickly and accurately also helps to minimize false positives and improve overall efficiency.

The combination aims to bring significant benefits to both companies´ customers. cleversoft customers will gain the ability to integrate market-leading financial messaging services into their suite, along with a highly skilled and efficiently scaled development team and a dedicated, strengthened joint AI team. Fineksus customers will receive direct EU regulatory compliance services along with the current AML products as well as first-hand customer care in Europe, improving their service experience.

Mehmet Ali Tombalak, Founder of Fineksus and TÜBİSAD president, said: "In addition to our strong belief and commitment to this merger, we are confident that our products and services will continue to grow and create value, both globally and for our current customers. The shared vision and common values we uphold with cleversoft's leadership reinforce our determination to build a better future together. We remain dedicated to enhancing our offerings, ensuring that this collaboration brings even greater benefits to those who already trust and rely on us."

Ahmet Vefik Dincer, CEO of Fineksus, added: "Joining forces with cleversoft marks a significant milestone for Fineksus. By combining our deep expertise in financial messaging and AML solutions with cleversoft's innovative regulatory technology solutions, we can deliver even greater value to our clients. The combination of our teams' strengths in development, AI, and customer service positions us to drive innovation and deliver exceptional results."

Florian Clever, founder and CEO of cleversoft, stated: "Together, we form a leading player in a market with significant growth potential. Regulatory compliance has become essential for financial institutions, and this acquisition will strengthen our ability to meet this growing demand. We are excited to welcome Ahmet and his Fineksus team to the cleversoft family. Their expertise in AML compliance and financial messaging perfectly matches cleversoft's commitment to provide advanced compliance solutions and cutting-edge anti-financial crime services."