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Index Solution Provider Pulls $60M Investment Haul from Summit Partners

German fintech Solactive pulled in a $60.4 million “minority investment” from Summit Partners. So reports TechCrunch.

solactiveSolactive is a tech-enabled index solution provider for the financial services industry. “Widely regarded as something of a disruptor in the global indexing industry, Solactive is benefitting from the ongoing and significant shift of active to passive investment strategies,” according to the article. Solactive has more than 400 clients around the world.

Read the full article from TechCrunch.

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