# Deposit Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deposit-solutions

- Industry: Financial Services
- Headquarters: Hamburg, Germany
- Website: www.deposit-solutions.com
- Total disclosed funding: $20M
- Latest round: Series C (Nov 30, 2017)
- Investors on record: 2

## About

Deposit Solutions GmbH is a financial technology company that provides a digital platform for high-yield savings products, connecting consumers with partner banks to enhance savings opportunities.Founded in 2011 and headquartered in Hamburg, Germany, Deposit Solutions GmbH operates a digital platform allowing customers to access high-yield savings accounts. The company raised EUR 50 million in a funding round in September 2019, which marked a key milestone in its growth. The company has completed a total of 6 deals to date.Deposit Solutions GmbH offers a digital platform that provides high-yield savings products sourced from partner banks and credit unions, enabling customers to earn competitive interest rates up to 4.45% APY. The service facilitates investments into various savings accounts with no fees for customers, making savings more accessible and profitable. Since its inception, the platform has enabled efficient savings management through a secure login that accommodates multiple accounts from different institutions, appealing to individual savers and investors across the United States.In the most recent year reported, 2017, Deposit Solutions GmbH generated revenue of EUR 6,492,469 and had an EBITDA of EUR -11,348,654.Looking ahead, Deposit Solutions GmbH is focused on expanding its product offerings and entering new markets. The recent funding of EUR 50 million will be utilized to enhance the platform's capabilities and support market expansion efforts. Specific geographic regions targeted for growth have not been disclosed, but the company aims to broaden its reach in the financial services sector. The planned initiatives reflect a strategy to align with evolving consumer needs and preferences.

## Funding rounds

- Series C, Nov 30, 2017, $20M — Headline, Greycroft

## Investors

- Headline (https://capitalatlas.ai/funds/headline) — Series C
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series C