Juscutum has advised Wotan during their business acquisition through the Treeum holding, which operates minfin.com.ua and finance.ua.
Wotan is a mobile app that allows users to invest in Ukrainian assets and stocks of foreign companies. Wotan uses artificial intelligence for analyzing the psychological portrait of the investor helps them to form their own investment portfolio, depending on the situation on the market. As a result of the transaction, Treeum becomes the Wealth Management technology, team, and client portfolio owner. CEO of Wotan Sergey Kravetskiy was assigned as Head of Investments Treeum.
Now there is a boom of mobile apps for investing in Ukraine. The acquisition of Wotan allows Treeum to improve its position in the market and compete with Alfa-Bank and Mono.
Juscutum team provided legal support for the transaction under Ukraine and England and Wales laws, carried out risk analysis, and assisted with the transaction documents to close the deal. Juscutum team was led by Managing Partner Artem Afyan and Chief Innovation Officer Peter Bilyk.
We were happy to help our lovely client with an exit at a challenging time. Congrats to the whole team and Sergey Kravetskiy on the new role, and we wish you to keep these strong dynamics in future development.