Projective returns to independence with buy back of shares

13 April 2019 2 min. read
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Three years after joining forces with German-American technology company Diebold Nixdorf, Projective has returned to financial independence following a share buy-back.

According to Stefan Dierckx, Projective’s founder and chief executive officer, the three year collaboration was a fruitful one. “The partnership has resulted in an enormous impetus for our European growth, which has gone up by 50% since 2016.” 

Growth included the launch of new offices in Europe’s two most important mainland economies – Germany (Frankfurt) and France (Paris) – and expanding existing practices in among others Belgium, the Netherlands and the United Kingdom.

Established in 2006, Projective is a consultancy is dedicated to the financial services industry. The Belgian-origin firm specialise in project management, and further helps its clients including banks, insurance companies, asset managers and fintechs with the delivery of digital transformation, cost reductions and innovation.

Projective returns to independence with buy back of shares

During the Diebold Nixdorf period, Projective retained its decision-making independence and own management structure. Back in full control of the firm, Projective’s leadership has set its sight on further growth. “We are ready for the future and dare aim at doubling our current team in the next three years,” said Dierckx.

He unpacked, “The position of Projective in the European financial sector is stronger than ever, with an extensive and relevant network. It is the ideal moment to aim at further growth. We want to achieve growth through the persistent expansion of a flexible ecosystem with niche players, who can anticipate and respond efficiently to the rapidly changing market.” 

At the heart of its ecosystem are The Glue (a solutions marketplace for financial services co-founded by Projective) and B-Hive (a European fintech ecosystem), which orchestrate the way how Projective works with third party players. To support its ecosystem approach, Projective also has an own investment vehicle, which it calls ‘The Alliance’.

“The Alliance is an evergreen fund that takes strategic shareholdings in companies that bring long-term added value to the entire ecosystem around Projective,” explained Dierckx.