FSC-backed Ufasa completed the acquisition of Zank.

FSC-backed Unión Financiera Asturiana, a provider of consumer finance services, completed the acquisition of Zank, a developer of a crowdlending platform intended to offer peer-to-peer loans. Financial terms were not disclosed. “It is very exciting to work with FSC in the transformation of Ufasa. We believe that Ufasa will benefit tremendously from FSC’s capabilities and technology-enabled value-creation strategic support. We value FSC’s experience and know-how in technology utilisation which, together with their portfolio of Enabling TechnologiesTM and the acquisition of Zank, set us on course to achieve our goal of becoming a leading technology-enabled consumer finance business," Pedro Escudero, Ufasa CEO.