About Deposit Solutions
Deposit Solutions is a Financial Services company based in Hamburg (Germany) founded in 2011 by Tim Sievers. Open banking API solutions. Deposit Solutions has raised $212.13 million across 6 funding rounds from investors including Deutsche Bank, Kinnevik and Top Tier Capital Partners. The company has 187 employees. Deposit Solutions has completed 1 acquisition, including Savedo. Deposit Solutions was last valued at $1.1 billion in September 2019. Its focus areas include FinTech, Banking Tech, Open Banking and Banking APIs. Its legal entity is Deposit Solutions GmbH. Its competitors include getmomo and YAXI.
Company details
Deposit Solutions was founded in 2011 in Hamburg, Germany, within the fintech sector. An open banking API platform is operated to enable retail banks in gathering deposits, listing savings products on an open architecture, and marketing third-party savings offers to clients. Third-party deposit products are also integrated into existing bank accounts for customer access across European markets.
- Headquarters Hamburg, Germany
- Employees 187
- Founders Tim Sievers
- Stage Unicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website deposit-solutions.com
- Social LinkedIn X
- Legal Name Deposit Solutions Gmbh
- Total Equity Funding$212.13M (USD)
in 6 rounds
- Latest Funding Round$62.38M (USD), Series D
Sep 2019
- InvestorsDeutsche Bank
& 13 more
- Employee Count187
- Investments & Acquisitions
Funding Insights of Deposit Solutions
Deposit Solutions has successfully raised a total of $212.13M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $62.38 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $212.13M
- Total Rounds 6
- Last Round Series D — $62.38M
- First Round $6.14M
(Sep 2015)
- Investors Count 14
All 6 funding rounds of Deposit Solutions with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2019 | $62.38M | Series D | $1.1B | Deutsche Bank | – |
| Aug 2018 | $100M | Series D | $500M | Vitruvian Partners | |
| Nov 2017 | $20M | Series C | – | Greycroft, Headline | – |
| Jul 2016 | $16.58M | Series C | – | FinLab AG, Headline | – |
| Jan 2016 | $7.04M | Series B | – | FinLab AG | |
| Sep 2015 | $6.14M | Series A | – | FinLab AG |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2019 | $1.1B | •••••••• |
| Aug 2018 | $500M | •••••••• |
Last known valuation $1.1B (Sep 2019). 14 investors in total: 10 institutional and 4 angel.
Investors in Deposit Solutions
Deposit Solutions has secured backing from 14 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Deutsche Bank, Kinnevik and Top Tier Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth equity investments are directed toward expanding startups across sectors. | vitruvianpartners.com | London, United Kingdom | ||
Venture capital investments are directed toward multiple sectors by Kinnevik. | 1936 | kinnevik.com | Stockholm, Sweden | |
Investments are made in early-stage tech startups across multiple sectors. | headline.com | San Francisco, United States | ||
Multiple sectors are targeted for venture capital investments by Greycroft. | greycroft.com | New York, United States | ||
Seed-stage fintech and blockchain companies are incubated and funded. | 2000 | finlab.de | Frankfurt Am Main, Germany | |
Global investments in tech sectors are conducted by Valar Ventures. | valar.com | New York, United States | ||
Growth stage energy sector focused VC firm investing primarily in the US and Canada | altiragroup.com | Denver, United States | ||
Venture capital fund focused on tech companies | xange.vc | Paris, France | ||
Diversified banking and financial services are provided globally. | 1870 | db.com | Frankfurt Am Main, Germany | |
Diversified investment management firm | 1999 | ttcp.com | San Francisco, United States |
Investor details for Deposit Solutions
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Deposit Solutions
119 people are tracked at Deposit Solutions (60 in leadership, 2 in board & advisors, 57 in team); the tracked headcount is 187.
| Name | Role | Group |
|---|---|---|
Tim Sievers | Founder | Leadership |
Yuval Farkas | Director, Information Technology | Leadership |
Dragomir Prodanov | Chief Technology Officer | Leadership |
Phil Rivers | Managing Director, Operations | Leadership |
Marc Roberts | General Counsel And Head Of Compliance | Leadership |
Katharina Lüth | Chief Client Officer & Managing Director | Leadership |
Steven Amos | Managing Director, Commercial | Leadership |
Paul Knodel | CEO, Raisin US | Leadership |
Georgi Kirtchev | VP Of Engineering | Leadership |
José Fernando Meyer | Director Of Engineering | Leadership |
Bennet Duncker | Marketing Director Paid Channels | Leadership |
David Konitzny | Head Of Organic Search | Leadership |
Jonathan Soobin Kim | Head Of Finance US | Leadership |
Oliver-Philipp R. | Director Of Finance | Leadership |
Adeem Basraa | Head Of Product - Mobile & Base Services | Leadership |
Graham Wright | VP Of Product | Leadership |
Gaia Silvestri | Director Of Product Management | Leadership |
Astrid April Dominguez | Head Of Product | Leadership |
Matt Savage | Head Of Talent Acquisition | Leadership |
Marcel Höschler | Director Product, Customer Journey | Leadership |
99 more people are available in the full profile.
Complete people profiles for Deposit Solutions
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Deposit Solutions
Deposit Solutions has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Savedo.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Fixed-term deposit rates from banks are compared online. | savedo.de | Berlin, Germany | 2014 | Aug 2017 | •••• |
Complete acquisition details for Deposit Solutions
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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- Exports
Verified entity values are shown only after access is granted.
Timeline of Deposit Solutions
6 dated milestones of Deposit Solutions across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Deposit Solutions is founded.
- Funding First funding round of $6.1M.
- Acquisition Acquires Savedo.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series D, of $62.4M.
- Milestone Reaches Unicorn status.
Competitors of Deposit Solutions
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| getmomo.de | 2021 | Berlin, Germany | Financial services are provided digitally by getmomo in Germany. | |||
| yaxi.tech | 2022 | Nuremberg, Germany | An open banking API platform facilitating secure financial integrations for institutions. |
Detailed competitors of Deposit Solutions
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Related news about Deposit Solutions
Complete news archive for Deposit Solutions
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Frequently Asked Questions about Deposit Solutions
Deposit Solutions was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Deposit Solutions is headquartered in Hamburg, Germany. It is registered at Hamburg, Hamburg, Germany.
Deposit Solutions is a funded company, having raised a total of $212.13M across 6 funding rounds to date. The company's 1st funding round was a Series A of $6.14M, raised on Sep 2015.
Deposit Solutions has 187 employees.
Deposit Solutions was founded in 2011 in Hamburg, Germany, within the fintech sector. An open banking API platform is operated to enable retail banks in gathering deposits, listing savings products on an open architecture, and marketing third-party savings offers to clients. Third-party deposit products are also integrated into existing bank accounts for customer access across European markets.
Deposit Solutions has made 1 acquisition, including Savedo.
Deposit Solutions has 14 investors. Key investors include Deutsche Bank, Kinnevik, Top Tier Capital Partners, FinLab AG, and Vitruvian Partners.
The valuation of Deposit Solutions is $1.1B as of Sep 2019.
Deposit Solutions operates through Deposit Solutions Gmbh.