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Wealthtech company Tifin is expanding into Europe to gain an advantage over its competition, CEO Vinay Nair told Insider.

Tifin’s subsidiary, Magnifi, a financial search engine that allows users to look for and compare investment products, recently acquired a European company to transform it into an international enterprise, the wealthtech CEO said. However, he declined to name the firm or give any details about the deal.

“The US has been quite successful over the last two years. We’re taking it abroad to Europe,” Nair said.