Fondsdepot Bank, a German liability umbrella provider, has partnered with Moonfare, a digital investment platform for top-tier private markets funds.
Fondsdepot Bank will provide Moonfare with regulatory support to its continued growth across Europe. As part of the agreement, the fund platform has extended its liability umbrella license to operate in select European countries where Moonfare operates.
“At Moonfare, adherence to financial regulation is a topic where we absolutely refuse to compromise,” says Moonfare Managing Director and COO Lorenz Jüngling. “We may be a relatively young company, but in these areas we hold ourselves to the same standards as the biggest asset managers, insurers and institutional investors in the world. It’s a key reason why going forward we are excited to work with Fondsdepot Bank, the biggest liability umbrella provider in Germany and a company that shares core values with Moonfare like professionalism, experience and a bias towards growth.”
Until now, Fondsdepot Bank has worked exclusively for institutional-grade clients, including the largest insurance companies in Germany. With Moonfare, Fondsdepot Bank will include the brokerage of private equity investments in its liability umbrella and collaborate with a fintech for the first time.
Fondsdepot Bank is extending its liability umbrella license to 11 other European countries (eg France, Italy, Spain) to cover markets where Moonfare operates.
“The expansion of our liability umbrella license for other European countries is a significant step for us. If our partners want to grow across Europe, we would like to accompany them in doing so. It does not make sense for a fintech platform, which operates largely via a digital application, to operate with different liability umbrella partners abroad. Due to our well-structured processes, we were able to meet the relevant regulatory requirements for the license extension without any problems,” says Fondsdepot Bank CEO Sebastian Henrichs.
