Bank Deposit Funds extends its scope of financial responsibility.
Moonfare, a Berlin-based Fintech specialising in private market investments, has partnered with Fondsdepot Bank to expand its operations in multiple European countries. The partnership, established in July 2021, has been instrumental in Moonfare's growth, particularly in France, Italy, and Spain.
- Regulatory and Banking Infrastructure
Fondsdepot Bank, a regulated custodian bank, provides the necessary banking and custody infrastructure for Moonfare to operate compliantly across multiple European jurisdictions. By partnering with Fondsdepot Bank, Moonfare can leverage the bank's regulatory licenses to offer its private market investment platform seamlessly within these countries, navigating complex local regulatory environments.
- Market Access and Trust
The partnership with an established custodian like Fondsdepot Bank has boosted Moonfare's credibility and trust among European investors and regulatory authorities. This was crucial for entering new markets such as France, Italy, and Spain, where investor protection standards and regulatory scrutiny are high.
- Streamlined Client Onboarding and Fund Handling
Fondsdepot Bank's capabilities in client onboarding, KYC/AML compliance, and fund custody ensure that Moonfare can onboard clients efficiently and securely in new markets. This operational backbone helps Moonfare scale its platform offerings without significant delays or compliance risks.
- Facilitation of Local Partnerships
The partnership enables Moonfare to work with local distributors, wealth managers, and financial advisors who rely on regulated banks for custody and compliance matters. Fondsdepot Bank acts as a trusted regulatory partner, facilitating Moonfare's integration into established advisory networks in France, Italy, and Spain.
The alliance with Fondsdepot Bank provides Moonfare with the essential banking infrastructure, regulatory compliance, and market trust that enables it to accelerate and expand its private market investment platform presence across key European countries including France, Italy, and Spain since July 2021.
This partnership signifies a strategic move by Fondsdepot Bank to broaden its reach to include Fintechs. Previously, Fondsdepot Bank's umbrella was only active for the largest insurers in Germany. This is the first time Fondsdepot Bank's umbrella is open to Fintechs, enabling it to cover eleven more European countries, including France, Italy, and Spain.
Moonfare's CEO, Lorenz Juengling, emphasizes the company's commitment to adhering to regulatory requirements, ensuring a secure and compliant expansion across Europe. The partnership aims to help Moonfare grow across Europe, marking a significant step forward in the accessibility of private equity participations.
- The strategic partnership with Fondsdepot Bank, a regulated custodian bank, has enhanced Moonfare's ability to navigate complex financial regulations in multiple European countries, enabling the Fintech to offer its private market investment platform more seamlessly.
- With Fondsdepot Bank serving as a trusted regulatory partner, Moonfare can collaborate effectively with local distributors, wealth managers, and financial advisors in key markets like France, Italy, and Spain, further expanding its footprint in the European Fintech industry.
