Bank of Cyprus acquires 26.45% stake in fintech platform Wealthyhood

The Bank of Cyprus has announced a strategic investment of €6 million to acquire a 26.45% stake in the fintech platform Wealthyhood. This investment is part of the bank's 2026-2028 business plan, aiming to provide retail customers with mobile access to stock and ETF investments. Following the capital increase, the stake held by GlobalWealth Group (GWG) will be 25.31%. Both parties have confirmed that they will act as independent shareholders, without formal operational or commercial coordination. The capital raised will be used by Wealthyhood to enhance its artificial intelligence capabilities, aiming for further expansion into the European market. Wealthyhood has already established a presence in the United Kingdom and recently entered the Greek market. Bank of Cyprus CEO Panikos Nicolaou noted that this move aligns with the bank's strategy to diversify its revenue sources and improve digital service offerings. The platform's goal remains the delivery of personalized investment solutions to its users.