Berlin, 20 October 2025 – Qwist, a leading provider of solutions for the entire Open Finance ecosystem, today announced that Matt Colebourne will relinquish his role as CEO. He will remain with the company as Executive Chair and Managing Director. His successor as CEO will be Glenn Mac Donald, who will officially assume the position from now on.
Under Colebourne’s leadership, the company successfully completed the merger of the two FinTech startups ndgit GmbH and Qwist and defined a commercial strategy centred around products and customer value. Now the next step is a targeted expansion of its product portfolio and the strengthening of its commercial team.
A clear signal of this strategic shift is the appointment of Glenn Mac Donald as the company’s new CEO. With his solid background in the financial and banking sector and his experience in product development, he brings precisely the expertise needed to drive this next phase of growth.
“I would like to sincerely thank Matt for his outstanding work in building Qwist, and especially for the successful execution of the merger – an entrepreneurial achievement that cannot be valued highly enough,” said Mac Donald. “Thanks to this strong foundation, I now have the opportunity to further develop the company strategically together with the team and to position it for future growth. I am very much looking forward to this new role and to working with a committed team that is ready to break new ground.”
As a first step, the new CEO will work closely with the leadership team to evaluate where targeted developments are both meaningful and necessary – always with a clear focus on sustainable growth, customer value, and operational excellence. The future direction builds on the company’s existing success, while deliberately introducing new momentum in the areas of product innovation and sales.
Qwist’s principal investor, Finch Capital, has been a key driving force behind this transition and has expressed its full support for the company’s new strategic direction.
“I look back with pride on what we have achieved together. It has been an exciting and rewarding task to create a new company and turn it from, essentially, two technology hubs into a commercial entity focused on products and customers,” recalls Colebourne. “With this now done it’s time to pass over the operational leadership to Glenn.”
About Qwist GmbH
Founded in 2012, Qwist GmbH is an innovative provider in the field of Open Finance, headquartered in Berlin with offices in Munich, Hamburg, and Madrid. In 2023, Qwist merged with ndgit GmbH to form today’s Qwist Group, further strengthening the company’s expertise and service offering.
Qwist offers four core product suites: ndgit Open Banking, nrich Financial Data, dgtal SwitchKit, and mbed Digital Lending. With these solutions, the company addresses the entire Open Finance ecosystem – from connecting to banking systems and meeting regulatory Open Banking requirements, to leveraging Open Banking data for verification, generating individual risk profiles, and identifying business opportunities, all the way to enabling the use of commercial loans to finance retail purchases.
With over a decade of experience, Qwist is a BaFin-regulated company serving more than 100 clients across the DACH region as well as in Spain and Portugal.
