Teybridge Capital Europe, the Dublin-headquartered provider of trade finance and working capital solutions for SMEs and corporate clients, has completed the strategic acquisition of Atom CTO, a London-based fintech with operations in the UK, Zagreb, Riga, Delhi, and Bangalore.
Under the agreement, Atom CTO will be rebranded as Teybridge Tech and will continue to be led by its co-founder and Managing Director, Bhairav Patel. Patel will also take on the role of Chief Technology Officer (CTO) at Teybridge Capital Europe. Atom CTO currently employs five full-time staff supported by a team of 20 IT consultants.
The acquisition and the formation of Teybridge Tech form a key part of Teybridge Capital Europe’s growth strategy. The new division will strengthen the company’s service offering across the European market, enabling the delivery of bespoke fintech platforms and technology solutions to clients.
Teybridge Tech will focus on providing institutional banks and financial lenders with high-quality Software as a Service (SaaS) solutions designed to replace outdated legacy systems or enhance existing customer-facing platforms.
A significant driver behind the acquisition is the longstanding partnership between Teybridge Capital Europe and Atom CTO, which originally designed and built Teybridge’s proprietary BRIDGE platform. This platform provides clients with access to the company’s working capital finance solutions.
Bringing this expertise in-house will allow Teybridge Capital Europe to build on the success of BRIDGE and leverage Atom CTO’s extensive experience in developing fintech platforms for a wider customer base.
Commenting on the deal, Dylan Martin, CEO of Teybridge Capital Europe, said:
“I’m pleased to announce that Teybridge Capital Europe has completed the acquisition of Atom CTO – a company that we’ve worked very closely with over the years and understand the deep expertise within the business.”
“This strategic acquisition allows us to establish Teybridge Tech, a new division for Teybridge Capital Europe that broadens our service offering and will allow us to develop bespoke fintech solutions for clients in the banking sector”
“As part of the transaction, I’m delighted that Bhairav Patel is staying with the business and will lead Teybridge Tech into the future, while also becoming CTO of the enlarged Teybridge Capital Europe group. I’ve worked closely with Bhairav for many years, and he brings enormous experience and expertise to the business.”
Bhairav Patel, co-founder and Managing Director of Atom CTO, said:
“I’m proud to say that Atom CTO will now become part of Teybridge Capital Europe as part of this transaction. Our company has worked very closely with the team in Teybridge Capital Europe over many years, and this transaction is a natural evolution of the strong partnership we’ve developed together.”
“By establishing Teybridge Tech, we believe we can bring our award winning fintech solutions to a much broader customer base of banks and financial lenders across Europe, while continuing to service our existing clients.”
