Allfunds, a B2B WealthTech platform for the fund industry, agreed to acquire local paying agent business of Iccrea Banca, a provider of banking products and financial services. Financial terms were not disclosed. “I am very pleased that we have entered this agreement with Iccrea Banca, parent company of BCC Iccrea Group, one of the leading players in the Italian banking sector. Being one of our core markets, in which we have been present since 2003, this transaction will contribute to our ambition to remain the top choice for any Italian institution in the WealthTech segment, by providing cutting-edge and comprehensive solutions for our clients. Our integrated offering will certainly help Iccrea to deliver superior added value to their clients,” Juan Alcaraz, Allfunds founder and CEO.