SMP
December 01, 2017 Press

e.ventures and Greycroft lead $20 financing round in Deposit Solutions

Berlin – Schnittker Möllmann Partners has advised the existing investors e.ventures und Greycroft and a new investor in the current financing round of Deposit Solutions.

Deposit Solutions closed an investment round led by existing investors e.ventures and Greycroft. The total investment amounts to USD 20 million and will be deployed to further accelerate the growth and international expansion of Deposit Solutions.

Deposit Solutions operates an open banking platform for savings deposits which has collected deposits close to EUR 4 billion within the last two years making Deposit Solutions’ retail business one of the fastest growing fintech businesses in the world.

Advisor to e.ventures and Greycroft:
Schnittker Möllmann Partners (Berlin): Dr. Stephan Bank (Lead), Dr. Jonathan Wennekers (both M&A/VC).

Further Information:
https://www.pehub.com/2017/11/deposit-solutions-raises-20-mln/
http://www.finsmes.com/2017/12/deposit-solutions-closes-20m-funding-round.html