The collaboration between fintech startup Fija Finance and Keyrock is entering the next phase. In 2023, the Munich-based startup won Keyrock’s accelerator program and received a seed investment. At the same time, a strategic partnership was established, through which Fija Finance further developed its technology and integrated it into initial product structures. Now the companies have announced the full acquisition.
For Fija Finance, this step means that its own infrastructure will become part of Keyrock’s core business. The Munich-based startup specializes in providing financial institutions with a technical solution to structure crypto holdings and generate yield-like returns. The foundation is strategies from the decentralized finance sector. In this process, cryptocurrencies are lent or deployed as liquidity in corresponding protocols. Fija Finance offers its technology as software-as-a-service, which can be integrated into existing platforms.
Technology from Munich in the onchain business
The focus of the acquisition is Fija Finance’s vault technology. This involves smart-contract-based capital pools. Investors deposit digital assets that are automatically managed according to defined strategies. Returns are distributed proportionally.
By being integrated into Keyrock, the Munich-based startup gains access to a larger customer base and additional regulatory infrastructure. The goal is to bring its own technology to international markets faster and embed it in a broader onchain offering.
Christoph Scholze, CEO of Fija Finance, says:
“Fija and Keyrock have been closely connected since the early stages of our development. The merger enables us to scale our technology within a strong provider of digital asset liquidity.”
From accelerator to acquisition
With the current acquisition, Fija Finance fully integrates into Keyrock’s organization, with the Munich startup’s technology now being incorporated into the existing onchain business. This shifts the focus from an independent SaaS provider to an integrated solution within a larger market player.
The companies provide no further details about team size, potential impacts on employees, or future brand management. There is also no information about the amount of the seed investment from 2023 or the purchase price. It likewise remains unclear whether and to what extent the Munich location will remain in the long term.
