Deposit Solutions Stock

Founded in 2011, Deposit Solutions employs a team of more than 230 highly qualified and motivated staff based in Hamburg, London and Zurich. It has received around USD 50 million in venture funding from renowned European and US investors such as e.ventures, FinLab, Greycroft Partners, Peter Thiel and Valar Ventures. During its last investment round in July 2016, it was valued at EUR 110 million. Its Open Banking platform allows banks to offer attractive third party deposit products to their own customers through their existing accounts. As a result, banks looking for funding can gather deposits from new markets and client groups without having to set up and operate their own retail infrastructure, and depositors can access best-in-class deposit offers without having to open a new account at another bank. In this way, the platform supports a healthier banking system throughout Europe by providing an open market for deposit products, more effectively allocating resources and increasing customer benefits. Deposit Solutions also operates two B2C channels, ZINSPILOT and SAVEDO.This offering allows savers whose banks have not yet integrated its Open Banking platform to access third party deposit products, starting with a deposit amount of just EUR 1. With its B2C offering, Deposit Solutions is proud to offer an exceptional customer journey and customer service, as demonstrated by being named “Best Deposit Marketplace” by Bankingcheck.de for four years in a row. Its B2C channels alone have already transmitted more than 8 bn. in deposits and won over 135,000 customers. Deposit Solutions is transforming the global deposit market worth USD 50 trillion. The company is already connecting more than 60 banks from 16 countries and reaches 30 million savers.