Taylor Wessing has advised the shareholders of Babel Systems Limited, a London-based leading high growth FinTech company, on the sale of its entire share capital to Los Angeles based, InvestCloud, Inc. for $20 million.

Babel Systems has created the most modern API-based trading and accounting solution on the market and has major clients such as Nutmeg, the recognised market leader in Robo-Advice in the investment space.

The acquisition of Babel Systems will allow InvestCloud to provide integrated solutions, combining Babel’s versatile and modern trading and accounting capabilities with InvestCloud’s extensive digital platform. InvestCloud also has the financial resources to invest in the business having recently received substantial investment itself from JP Morgan Chase Partners.

The corporate team was led by Jeremy Landau with assistance from James Homan and Lucy Bowler (Corporate Finance), Richard Carson, James Stewart (Tax) and Ann Casey (Tax & Incentives).

Jeremy Landau, London partner commented on the deal: “Babel Systems is an innovative and exciting company. The acquisition is a testament to the management’s leadership and vision in developing a unique solution to a problem faced by many in the market. Taylor Wessing has a market leading FinTech practice and we were delighted to support and advise the shareholders on this sale.”