Anthemis Holdings Sarl, the strategic investment subsidiary of Anthemis Group SA, has closed a EUR1.87 million round of new investment in Fidor Bank AG, a provider of online financial services and e-commerce banking solutions.


Formed in 2010, Anthemis Group invests in companies that leverage technology to build innovative and disruptive financial services businesses. Fidor Bank is reinventing banking with a more user-friendly, customer-centric and transparent approach that leverages modern web, mobile and social technologies making it a natural fit with our strategy and a significant addition to the developing Anthemis ecosystem.


Fidor Bank, together with its subsidiaries is a Munich-based provider of online financial services and e-commerce banking solutions with a focus on providing a modern, social banking and e-wallet service to their retail and corporate customers. Fidor’s retail customers can manage multiple currency accounts (including accounts denominated in precious metals and alternative virtual currencies), peer-to-peer lending and borrowing, and savings products all on one intuitive, simple-to-use platform. Through Fidor’s Communities and Online Solutions segment, it provides a unique and innovative financial experience to end customers. Fidor also has an innovative corporate banking platform targeting SMEs and e-commerce merchants.


The investment in Fidor Bank is a highly complementary addition to the existing portfolio of Anthemis companies; as a licensed bank with unique technology and a highly experienced management team, Fidor Bank will form a core element in the Anthemis Group strategy to build the leading “digitally native” diversified financial services group for the 21st century.
Sean Park (pictured), Anthemis co-founder, says: “Fidor Bank has built what we believe to be one of the best “Banking 2.0” platforms in the world and we are very excited to work with their excellent management team to help them grow their business aggressively both inside Germany and internationally. They are a fantastic addition to our portfolio and we have already identified a number of promising areas where Fidor Bank will be able to collaborate and partner with other companies in our ecosystem.”


Matthias Kroner, CEO and co-founder of Fidor Bank commented: “We are delighted to have Anthemis as a new strategic shareholder and we look forward to working closely with them to expand our business into new regions and products. We have already successfully implemented theCurrencyCloud.com platform from FX Capital Group, another Anthemis Group company and are confident that given their vision and network, Anthemis will provide us valuable support as we build a modern technology-enabled bank.”
