Engagement — Add-on Due Diligence
Code & Co. provided comprehensive Tech & Product Due Diligence for cleversoft group, a leading provider of regulatory financial services technology and a Levine Leichtman Capital Partners (LLCP) portfolio company, ahead of its acquisition of Fineksus, Turkey’s market leader in financial messaging and anti-money laundering (AML) solutions.
Following a detailed evaluation of Fineksus’ technology, product capabilities, and scalability, the findings confirmed a strong strategic fit and significant potential for long-term value creation. These insights contributed to cleversoft group’s decision to sign a definitive agreement to acquire Fineksus. The strategic acquisition reinforces cleversoft’s commitment to expanding its footprint in the Middle East, including Turkey, the United Arab Emirates, and Kuwait, marking another key milestone in cleversoft’s growth strategy.
Scope of Work
Code & Co. performed a thorough assessment of Fineksus’ AML platform, evaluating the architecture, including its infrastructure, technology stack, security, and scalability. Additionally, the team analyzed integration capabilities, product roadmap, and operational processes, including Fineksus’ SWIFT-certified solutions and structured customer onboarding. The assessment also covered engineering practices, team structure, and software development lifecycle, providing cleversoft with a detailed evaluation of Fineksus' technological and product strengths.
About cleversoft group
The cleversoft group is a leading provider of cloud-based RegTech solutions for the financial services industry. The company is headquartered in Munich and has offices in Amsterdam, The Hague, Frankfurt, Luxembourg, Sofia and Sevilla. The cleversoft team supports over 1,000 financial institutions worldwide in optimizing advisory and compliance-related business processes.
cleversoft services cover the entire value chain: from advisory process, data management, regulatory data calculation, and the production of regulatory compliant documents, reports, marketing materials, and investment proposals - in accordance with ESG/SFDR, CSRD, MIFID II, IDD, 6AMLD, Solvency II, IFRS 17, PRIIPs and IORP and more.
A special focus is the delivery of an integrated one-stop shop automated solution focused on combating financial crime, encompassing KYC, AML, and both internal and external fraud detection. This includes AI-based transaction monitoring for enhanced effectiveness.
For more information about cleversoft, visit www.clever-soft.com.
About Fineksus
Fineksus, founded in Istanbul, Türkiye, in 2002, is a global leader in compliance and financial messaging solutions. With offices in Istanbul, Dubai, Kuwait City, and Baku, Fineksus provides cutting-edge AML and payment software solutions across 32 countries. The company's offerings include SWIFT Service Bureau and PayGate, delivering cost efficiency and rich functionality for financial messaging operations and compliance requirements.
For more information about Fineksus, visit www.fineksus.com.