Barclays Joins Bank Rivals Buying Stake in United Fintech

Barclays Plc is buying a stake in a British-Danish fintech company specializing in banking technology, joining an investor group that includes four of its large European and US rivals.

The London-based lender will pay an undisclosed sum for new shares issued by United Fintech Group, according to a statement on Wednesday. It will also hold a board seat in the startup.