Icon Solutions Secures Equity Investment from UBS, Additional Funding from Citi & Natwest

Icon Solutions has secured a new equity investment from UBS and additional funding from Citi & Natwest. The investment will support the company's growth and expansion in the financial technology sector. Citi, the world's leading banking group, has a significant presence in corporate and investment banking, commercial banking, and other areas such as private banking and alternative investment funds. The group managed USD 1,308.7 billion in current deposits and USD 689.4 billion in current loans at the end of 2023.

Icon Solutions, a UK-based fintech company specializing in payment systems, has secured a significant equity investment from UBS, along with additional funding from existing investors Citi and NatWest. This investment round underscores the growing importance of financial technology in modern banking and the strategic partnership between these financial giants and Icon Solutions.

UBS, a leading global wealth manager and universal bank, has invested in Icon Solutions to support the development and expansion of the company's Icon Payments Framework (IPF). This framework allows banks to independently accelerate the transformation of their payments infrastructure, enabling faster deployment of payment processing solutions while maintaining control over timelines and costs [1].

Pieter Brouwer, Head of Group Operations and Technology Office (GOTO) for Personal & Corporate Banking and GWM Switzerland & International at UBS, commented on the investment, stating, "Icon, an important partner of UBS, plays a crucial role in modernizing payment platforms with innovative infrastructure solutions." He added, "This investment reinforces our partnership with Icon and confirms our commitment to deliver faster to market, future-ready payment solutions for our clients" [1].

Citi, with a significant presence in corporate and investment banking, commercial banking, and other areas such as private banking and alternative investment funds, has also been a key investor in Icon Solutions. As of the end of 2023, Citi managed USD 1,308.7 billion in current deposits and USD 689.4 billion in current loans [1].

Tom Kelleher, Co-Founder and Director of Icon Solutions, expressed his excitement about the investment, "This investment round is further endorsement of our founding belief that banks should be empowered to lead their own payments transformation. With IPF now internationally proven and increasingly adopted by major financial institutions, we look forward to continuing our close partnerships with Citi, NatWest, and UBS to build on this global momentum and deliver truly innovative and ground-breaking payments solutions" [1].

This strategic investment by UBS, Citi, and NatWest highlights the growing demand for advanced payment solutions and the importance of partnerships in driving innovation in the financial technology sector. Icon Solutions' IPF is already trusted by Tier 1 banks globally, including Citi, NatWest, UBS, and BNP Paribas, and this latest funding will help the company continue to lead the way in payments modernization [1].

References:
[1] https://www.businesswire.com/news/home/20250618979498/en/UBS-Invests-in-UK-Fintech-Icon-Solutions-to-Shape-the-Future-of-Payments-Technology