Third savings player in Germany. Deposit Solutions is a Hamburg-based FinTech company which was founded in 2011 and has already mediated deposits for more than 1 billion euros in different B2B applications.
Peter Thiel, Paypal co-founder and first outside investor in Facebook, has invested in Hamburg-based Deposit Solutions GmbH, an open architecture platform for retail deposits in Europe. The recent EUR 6.5 million funding round was led by FinLab AG, a German FinTech investor with participation from Peter Thiel, who backed Deposit Solutions with a million dollars, and other investors which include Stefan Wiskemann, Stefan Glänzer and Christoph Linkwitz. The financing round will be used to support the Europe-wide rollout of Deposit Solutions and its unique open architecture retail brand ZINSPILOT.