UniCredit acquires stake in German fintech VC Trade

UniCredit has acquired a minority stake in VC Trade, a German fintech company. VC Trade operates digital marketplaces and infrastructure for debt transactions and is based in Frankfurt.

The acquisition is part of UniCredit's efforts to expand its digital capital markets capabilities in debt transactions, according to Bloomberg.

The deal's financial terms and size of the stake acquired were not disclosed in the reports from Finextra and Bloomberg.

Brief written by urgent.news from Finextra, Bloomberg, FXStreet — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.