Bank Fonds Depot is broadening its authority to assume financial responsibilities.
Moonfare Expands European Footprint with Fondsdepot Bank Partnership
Berlin-based fintech platform Moonfare, specializing in private market investments, has partnered with Fondsdepot Bank to accelerate its growth across Europe. This strategic move, which took place in July 2021, allows Moonfare to leverage Fondsdepot Bank’s regulatory infrastructure to expand its reach in European markets.
Expansion Strategy
The partnership enables Moonfare to distribute its private equity and other alternative investment products under the regulatory framework of Fondsdepot Bank, ensuring compliance with stringent financial regulations across Europe. This strategic alliance also allows Moonfare to access new markets more efficiently, as the partnership provides streamlined access to a broader range of European countries without the need to secure individual licenses in each jurisdiction.
Impact on Fondsdepot Bank’s Umbrella License
Fondsdepot Bank’s umbrella license facilitates Moonfare’s expansion by acting as a regulatory conduit, allowing Moonfare to operate under Fondsdepot Bank’s license rather than seeking separate licenses. This partnership effectively maximizes the utilization and value of Fondsdepot Bank’s umbrella license, positioning it as a hub for fintech platforms like Moonfare to access the European market.
The collaboration reinforces Fondsdepot Bank’s role in enabling innovation and fintech growth through regulatory support, underlining its strategic importance as a banking-as-a-service partner.
Regulatory Compliance
It is worth noting that Moonfare’s commitment to regulatory compliance has not been previously mentioned. However, Moonfare maintains the same regulatory standards as the world’s largest asset managers, insurers, and institutional investors. This commitment to compliance is a significant factor in the partnership, as it ensures that Moonfare’s operations are in line with the stringent financial regulations across Europe.
Conclusion
The partnership between Moonfare and Fondsdepot Bank has allowed Moonfare to efficiently expand its European footprint by leveraging Fondsdepot’s umbrella banking license to ensure regulatory compliance and support market entry. Simultaneously, Fondsdepot Bank benefits from increased utilization and strengthening of its umbrella license’s ecosystem role.
The confirmation email for Moonfare’s subscription has been sent. If you did not receive it, please check your spam folder. Through this partnership, Moonfare’s fund platform has expanded its umbrella license to eleven additional European countries, including France, Italy, and Spain. This strategic alliance marks a change in the scope of activities for Fondsdepot Bank's umbrella and is a significant step towards fostering growth across Europe.
In the partnership with Fondsdepot Bank, Moonfare is able to extend its influence in the finance business, distributing private equity and alternative investments in Europe under the regulatory structure of Fondsdepot Bank. This alliance in the fintech industry also allows Moonfare to penetrate new markets effortlessly, as the partnership offers seamless access to a variety of European countries without the necessity of obtaining separate licenses in each jurisdiction.
