The collaboration between fintech startup Fija Finance and Keyrock is entering its next phase. In 2023, the Munich-based startup won Keyrock's accelerator program and received seed funding. Simultaneously, a strategic partnership developed, within which Fija Finance further refined its technology and integrated it into initial product structures. Now, the companies have announced the full acquisition.
For Fija Finance, this move means that its infrastructure will become part of Keyrock's core business. The Munich-based startup specializes in providing financial institutions with a technical solution for structuring their cryptocurrency holdings and generating interest-like returns. This is based on strategies from the field of decentralized finance (DFT), where cryptocurrencies are lent out or used as liquidity in relevant protocols. Fija Finance offers its technology as a software-as-a-service (SaaS) solution that can be integrated into existing platforms.
Munich-based technology in the on-chain business
At the heart of the acquisition is Fija Finance's so-called Vault technology. This involves smart-contract-based capital pools. Investors contribute digital assets that are managed automatically according to defined strategies. Returns are distributed proportionally.
By joining Keyrock, the Munich-based startup gains access to a larger customer base and additional regulatory infrastructure. The goal is to bring its technology to international markets more quickly and integrate it into a broader on-chain offering.
Christoph Scholze, CEO of Fija Finance, says:
“Fija and Keyrock have been closely linked since the early stages of our development. The merger allows us to scale our technology within a strong provider of digital asset liquidity.”
From Accelerator to Acquisition
With the current takeover comes Fija Finance Keyrock is fully integrating its technology into the Munich-based startup's existing on-chain business. This shifts the focus from an independent SaaS provider to an integrated solution within a larger market player.
The companies have not provided further details regarding team size, potential impact on employees, or future brand management. Information on the amount of the seed investment from 2023 and the purchase price is also unavailable. It also remains unclear whether and to what extent the Munich location will last in the long term.
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