Riyad FinTech Fund Acquires Full Stake in Efigence S.A. – A New Chapter Under the Leadership of Marcin Petrykowski
At the end of 2024, Efigence, a leading technology company, along with its creative agency subsidiary Artegence, entered a new phase of growth under the leadership of Marcin Petrykowski, who took on the role of CEO of Efigence in December and joined the board of Artegence.
These leadership changes were initiated by Riyad FinTech Fund, a private equity fund fully owned by Riyad Bank, one of the largest banking groups in the Kingdom of Saudi Arabia. The strategic move aimed to redefine the business models of both companies, accelerate their growth, and strengthen their position in the market.
One of the key steps in this transformation was the full acquisition of Efigence S.A. by Riyad FinTech Fund. On March 17, 2025, the fund finalized the purchase of the remaining shares, acquiring full ownership of the company. The two minority shareholders, who had served as board members until September 2024, sold their remaining stakes, completing a crucial phase in Efigence’s new growth and expansion strategy under Marcin Petrykowski’s leadership.
“Riyad FinTech Fund’s acquisition of 100% of Efigence marks a new era of dynamic growth for us. With a strong foundation built on innovative solutions, we now have the opportunity to expand rapidly and fully integrate with the evolving needs of Riyad Bank’s ecosystem,“ says Marcin Petrykowski, CEO of Efigence.
Marcin Petrykowski, appointed on behalf of the company’s sole owner, brings over 20 years of experience in the financial, technology, and banking sectors. He specializes in business transformations, growth strategies, investments, and innovation implementation. His mandate includes developing and executing a new strategy and operational plan, focused on accelerating international expansion and fully integrating Efigence into the investor’s ecosystem, with a strong emphasis on the Middle Eastern market.
“The reputation we’ve built over the years, thanks to our cutting-edge projects and industry-leading innovations, is a solid foundation for scaling our operations. Just last year, Efigence reaffirmed its position as a market leader, winning the ‘Best of Show’ award at Finovate Fall in New York and the title of ‘Best Retail Banking Solutions Provider’ at the Global BankTech Awards in Singapore. And this is just the beginning—Efigence’s portfolio is filled with many other prestigious awards and partnerships.
Artegence is also making waves, having secured three Effie Awards in 2024 for its creative excellence and market impact,”** says Marcin Petrykowski, CEO and Managing Director of Efigence and board member of Artegence.
“My priority is to ensure the swift and effective execution of our transformative strategy, setting a clear direction for the growth of both organizations. With our team’s expertise, proven track record, well-defined priorities, and the strong backing of our strategic business partners and unique investor, I am confident we will successfully achieve our ambitious growth and expansion goals,” he adds.
Marcin Petrykowski – Bio
As part of his numerous strategic engagements, Marcin Petrykowski serves on multiple international and local supervisory boards in banking, fintech, and digital media. Additionally, he chairs the Program Council of the FinTech & InsurTech Digital Congress, the leading fintech and innovation event in Poland.
From 2021 to 2024, he led a comprehensive restructuring and transformation at Atende S.A., a publicly listed technology and IT services group in Poland. As CEO, he implemented a new strategy and operational plan, driving record financial results and significantly strengthening the company’s market position.
Previously, as Managing Director at S&P Global, he was responsible for the company’s commercial operations in Europe, the Middle East, and Africa (EMEA) and played a key role in introducing S&P Global Ratings to the Polish and Central and Eastern European (CEE) markets.
His career began in corporate banking at Citibank, followed by investment banking at J.P. Morgan in London, where he managed financial institution partnerships across Europe and the CEE region, also serving as Deputy Head of the Polish office.
He is an alumnus of Stanford Graduate School of Business and the Center for Leadership and has completed his studies at Kozminski University, Lund University, and the University of Warsaw.
Media Contact:
Joanna Wróblewska
Head of Marketing, Efigence
jwroblewska@efigence.com