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.

Primary Company Info

Hamburg, Germany
Year Founded:
Company Segment:
Banking Fintech
Active Markets:

NC Company Overview

Deposit Solutions is a financial technology (fintech) company that offers an open banking platform for people to make deposits in banks across Europe. It partners with banks and allows the customers of those banks to connect with them through its secure proprietary platform, offering them an easy and safe way to deposit money. Deposit Solutions works with many major banking and finance brands including Deutsche Bank, CreditPlus, FFB, and PBB Direkt. Deposit Solutions, based in Hamburg, Germany has been in operation since 2011 and has focused its efforts on making its platform and services available to as many European customers as possible. As of April 2019, Deposit Solutions now has over 300 staff in its main head offices in Hamburg, Zurich, and London. It serves 16 countries in Europe and over 30 million depositors, and it has mediated in over 30 billion EUR in deposits. During its last round of investment, which was in the summer of 2016, the business was valued at 110 million EUR, and it has received funding to the value of 50 million USD from venture capital investors in both Europe and America. Current investors include Greycroft Partners,, FinLab, Valar Ventures, and Peter Thiel.

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