Banking Institution Fonds Depot Bank is broadening its scope of responsibility in terms of financial operations.
Moonfare, a Berlin-based Fintech specialising in alternative investments, has announced a significant expansion of its operations across Europe following a partnership with Fondsdepot Bank. This strategic move is aimed at supporting the growth of the Fintech industry in Europe.
Fondsdepot Bank's decision to open its umbrella to Fintech companies represents a shift in its traditional business model. Prior to this partnership, the bank's umbrella was only active for the largest insurers in Germany. With Moonfare joining in July 2021, this marks the first time Fondsdepot Bank's umbrella has been opened up to Fintech companies.
The partnership has allowed Moonfare to expand its operations beyond Germany and is now active in additional European countries, including Austria, the Netherlands, Spain, Italy, and Belgium. This expansion enables Moonfare to offer its digital private markets investment platform to a wider base of private investors across Europe, increasing accessibility to alternative investments such as private equity and real assets.
Sebastian Henrichs, CEO of Fondsdepot Bank, stated that they want to support partners who want to grow across Europe. Moonfare's CEO, Lorenz Jüngling, affirms adherence to regulatory requirements, maintaining the same standards as the world's largest asset managers, insurers, and institutional investors in regulatory areas.
As a result of this partnership, Fondsdepot Bank now intermediates private equity participations under its umbrella. This move is expected to accelerate Moonfare's market entry in multiple European countries without the need to establish separate banking licenses.
This approach has supported Moonfare’s goal of becoming a leading pan-European digital platform for alternative asset investments. The partnership aims to help Moonfare grow across Europe, aligning with Fondsdepot Bank's goal of supporting the growth of the Fintech industry in Europe.
In summary, Moonfare's expansion strategy leveraged Fondsdepot Bank’s banking license and infrastructure post-July 2021 to enter new European markets efficiently. The partnership has resulted in Moonfare becoming active in additional European countries, enabling the company to offer its digital private markets investment platform to a wider base of private investors across Europe.
The partnership between Moonfare and Fondsdepot Bank signifies an entry for Moonfare into the finance business across Europe, operating under the umbrella of Fondsdepot Bank in countries like Austria, Netherlands, Spain, Italy, and Belgium. This partnership, in line with Fondsdepot Bank's goals, also aims to advance the growth of the Fintech industry in the European business landscape.
