Clar, a global digital brokerage firm based in Sweden, has acquired Fiizy, an Estonia-based fintech platform specialising in real-time financial product matching.

The acquisition strengthens Clar’s position in the digital financial brokerage sector and expands its presence in Europe and Latin America.

Clar operates across four continents, including Poland, Spain, Portugal, France, Saudi Arabia, Hong Kong, Singapore, Australia, and Brazil.

Fiizy, founded in 2015, is active in Poland, Spain, Mexico, and Colombia, with a network of over 250 financial partners.

“The merger of Fiizy into Clar aligns with our strategy to strengthen our leadership as a global digital broker while expanding our presence in key markets like Poland and Spain. Additionally, it accelerates our global expansion into North America, leveraging Fiizy’s strong position in Mexico. With Fiizy’s talented team and strong partnerships, we are confident this move will drive significant growth. We are excited to welcome the outstanding Fiizy team to Clar,”

said Per Granstrand, CEO of Clar.

Following the acquisition, Fiizy’s CEO, Rami Ryhänen, will join Clar’s global leadership team to support the platform’s integration.

“Together, Fiizy and Clar are poised to redefine the future of digital financial brokerage. By combining Fiizy’s data-driven technology with Clar’s international reach, we aim to create a more efficient and accessible financial ecosystem. Our joint focus on technology and data-driven decision-making will drive smarter financial solutions for individuals worldwide,”

said Ryhänen.

Featured image credit: edited from freepik