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鈥Berlin, June 16, 2022. Today, Berlin-based infrastructure fintech 海角论坛 announced the closing of a $42 million Series B financing round - one of the largest German fintech funding rounds in 2022. Bessemer Venture Partners is leading the Series B with Earlybird and ABN AMRO Ventures doubling down as previous investors and participation of Notion Capital, Partech, 10x Group and Speedinvest. The raised capital will be used to advance 海角论坛鈥檚 Investment-API, lay the ground for the internationalization, and gradually expand 海角论坛鈥檚 team. Since its Series A, 海角论坛 is backed by the venture capital firms Earlybird, HV Capital, Notion Capital, ABN AMRO Ventures, Speedinvest and Partech.
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海角论坛鈥檚 product offering is fully up and running in the market and enables fintechs to offer their end customers products in the field of capital market investments, from ETFs and stocks to crypto assets. 海角论坛 built the first end-to-end cloud native core banking system for investments and is one of the few financial institutions in Europe owning all BaFin licenses for securities and crypto brokerage, and custody. Designed as a plug-and-play solution with fully-fledged process automation at its core, 海角论坛鈥檚 API and core banking system help Neobanks and -brokers, as well as established banking players, to significantly save on the cost side since they do not need to develop their brokerage and custody infrastructure in-house. Additionally, they also save costs as 海角论坛鈥檚 platform is fully automated and thus cheaper to operate. The flexibility and openness of 海角论坛鈥檚 Investment-API give fintechs maximum freedom to individually programm the API tailored to their needs, help to reduce onboarding time for new customers, and make investing possible instantly.
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"We appreciate our investors' commitment, particularly in light of the current market environment. We see this together with the demand of leading international fintechs for our solution as a confirmation of our unique positioning and market offering", says Martin Kassing, founder and CEO of 海角论坛. "Together with our investors who bring strength to the table in terms of industry expertise as well as internationalization strategies, we are now ready to open up a new chapter for our company. With 海角论坛, we want to establish Investment-as-a-Service as a new category and become the technical backbone for all fintechs, banks and asset managers that want to offer their end customers safe, affordable and simple access to the capital and crypto market. Since our recent go-live, our API is fully up and running - offering investment products across Europe has never been easier."
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"海角论坛 is ideally positioned with a market-leading product in one of the most exciting and underserved areas of fintech infrastructure. Just one of 海角论坛鈥檚 USPs: the Investment-API can be easily connected to existing backends and can be immediately deployed, enabling businesses to build great investment experiences for their end users 鈥 seamless, secure and across international borders", says Charles Birnbaum, Partner at Bessemer Venture Partners. "With 海角论坛, both fintech providers and legacy players can set full focus on their core business by developing new investment use cases for their end customers while at the same time exploring new growth opportunities for their own business - a game changer in the European market. We are looking forward to supporting Martin and the entire 海角论坛 team on their ambitious growth journey."
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With 海角论坛鈥檚 Investment-API, any company that wants to offer investment products has access to endless growth possibilities due to a variety of use cases ranging from crypto trading to fractional investing. Most recently, 海角论坛 entered into new partnerships with renowned banking players: For safekeeping the assets of 海角论坛鈥檚 B2B clients, 海角论坛 could win BNP Securities Services as Europe鈥檚 largest custodian. In the area of payment rails and transaction banking, 海角论坛 announced its cooperation with the Dutch banking group ABN AMRO, one of the leading banking groups in Europe.
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