Advent International to acquire TBI Bank from 4finance.

Advent International, a digital consumer lending group, agreed to acquire TBI Bank, a challenger bank in South-East Europe, from 4finance. Financial terms were not disclosed. “4finance developed TBI into a digital-first, agile, and customer-focused organisation. We have a shared vision for helping to shape the future of banking and are excited to partner with the management team to support them as they continue to scale and provide innovative solutions for customers,” Ranjan Sen, Advent Managing Partner.