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.

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