Martin Janssen Sells Finfox
Emeritus Zurich finance professor Martin Janssen's Ecofin Group has offloaded two subsidiaries to Hamburg’s Chapters Group, a long-term investor in digital businesses, finews.asia has learned.
Founded in Zurich, Switzerland, in 1986, the technology and investment-consulting firm Ecofin has transferred its two subsidiaries, Ecofin Software and Technology and Ecofin Research and Consulting (better known as Finfox), to German Chapters Group and its Swiss subsidiary Chapters Software Switzerland. The transfer of ownership was completed on 2 May 2025.
Ecofin Software and Technology is a leading Swiss software company in digital wealth management; its digital platform, Finfox, enables seamless hybrid advisory services across multiple channels. The company now operates under the new name Finfox Software and Technology.
New Development Phase
«Finfox will remain an independent company and the Finfox brand will be retained,» Martin Janssen confirmed on request. He did not disclose the purchase price. Finfox’s clients include various Raiffeisen banks, cantonal banks, and both domestic and foreign private banks.
Chapters Group is an investment holding company listed on the Frankfurt Stock Exchange that invests in small and medium-sized enterprises with a «digital mission.» According to further information, with the ownership change, Finfox is entering a new development phase focused on innovation, customer orientation, and scaling.
Other Ecofin Companies Unaffected
«I’m pleased we have found in Chapters Group a new, long-term-oriented owner who supports Finfox’s strategic direction and intends to further expand both the company’s innovative strength and its customer relationships,» Janssen, founder and owner of Ecofin Group, said.
The group’s other companies active in wealth advisory and management, data infrastructure, and blockchain are not affected by this transaction.
Excellent Network
«By joining Chapters Group, we become part of a successful software investment company with more than 45 portfolio firms. For Finfox, this also means a sustainable ownership structure that will continue the course we set over the past three years,» Andreas Borg, CEO of Finfox, said.
«We will continue to operate independently while benefiting from the strategic sparring and excellent network of our new owner,» he added.
Investors from MIT
Chapters Group has a market capitalization of around 700 million euros. Its shareholder base is diversified; among the investors are various long-term shareholders, family offices, the company’s own management, and the Massachusetts Institute of Technology (MIT).
«With Finfox, we are adding a genuine digital champion in wealth-tech to our portfolio. Chapters intends to strengthen the product offering through further acquisitions and to deepen the relationships with Finfox’s clients,» Marc Maurer, Managing Director of Chapters Software Switzerland, said.
