Deposit Solutions Raises $100M for Open Banking Deposit Platform

Deposit Solutions, a Hamburg-based open banking platform specializing in deposit aggregation, completed a $100M funding round in August 2018 at a valuation of approximately $500M. The round was led by Vitruvian Partners, with participation from existing backer e.ventures, the venture fund associated with Peter Thiel. The company's platform allows banks to distribute savings and deposit products from other banks to their own customers, effectively creating an embedded finance marketplace for deposits.

This infrastructure enables partner banks to offer a broader range of deposit products without building them in-house, a model closely aligned with Banking-as-a-Service principles. The capital was expected to fuel international expansion and further product development. At the time of the raise, Deposit Solutions was already connecting multiple banks across Europe, facilitating deposit placement at scale.

The round underscored growing investor appetite for fintech infrastructure that sits between banks and end customers.