lemon.markets Raises €12M to Scale Brokerage-as-a-Service Platform
lemon.markets, a Berlin-based Brokerage-as-a-Service (BaaS) platform, announced €12 million in funding on July 11, 2024. The capital will be used to expand the company's digital brokerage and custody infrastructure, which enables other companies to embed investment products into their own platforms. lemon.markets has set an ambitious goal of facilitating the opening of 100 million brokerage accounts. The funding follows the company's milestone achievement of obtaining BaFin licenses for investment services, including contract broking and custody, earlier in 2024.
Commerzventures is among the investors supporting the company. The round positions lemon.markets to accelerate its embedded finance offering across the European investment landscape, allowing non-financial brands to offer regulated brokerage services through its API-driven infrastructure.
- Validates demand for embedded brokerage infrastructure in Europe as more non-financial brands seek to offer investment products
- BaFin licensing combined with fresh capital positions lemon.markets as a leading regulated BaaS provider for investment services in the EU