BZ Bank has made a strategic investment to lead a $21.6m funding round for Additiv, a financial services digitalisation software provider.

Additiv, a Switzerland-based provider of digitalisation technology for the financial services industry, has secured CHF21m ($21.6m) in a round co-led by financial services firm BZ Bank.

The round was co-led by Patinex, an investment vehicle for banker Martin Ebner. The company has not publicly revealed any earlier funding.

Founded in 1998, Additiv has built a software offering called Digital Finance Suite that functions as a digital development and operating platform for customer such as banks, asset managers or insurance firms.