Summary:

• The digital asset manager Ginmon and the infrastructure fintech Upvest are jointly creating a highly scalable end-customer platform for managed wealth solutions.

• Ginmon integrates Upvest's investment API to offer its end customers an even broader range of trend investments via ETFs.

• Ginmon's end customers will receive new investment use cases in Germany and, according to future plans, across the EU.

Berlin, 19 September 2022: Ginmon, one of the leading digital asset managers in Germany, is collaborating with the Berlin-based infrastructure fintech Upvest to enhance its technology infrastructure and provide its end customers with secure and technologically reliable access to a wide range of globally diversified ETF-based trend investments. The partnership will offer end customers immediate onboarding along with a high degree of digitalization and automation, in addition to a new product line alongside the existing ETF-based investment solutions.

“Given the persistently low interest rates, rising inflation, and an ever-growing pension gap, we see that the demand for attractive investment opportunities such as ETFs will continue to rise,” says Lars Reiner, CEO of Ginmon, adding: “We want to provide our customers with the best possible solutions to manage their personal finances and retirement planning easily. Together with Upvest, we have built a scalable wealth management platform that allows us to offer our customers quick and reliable access to various ETF-based asset management solutions. 

Martin Kassing, CEO and founder of Upvest: “We are proud to collaborate with Ginmon, one of the leading independent digital asset managers in the German market, to expand its ETF portfolio offering. This is a significant milestone for us to become the technological backbone for all fintechs wanting to provide their end customers with secure access to capital markets and crypto assets.”

Upvest's investment API provides Ginmon access to new growth opportunities and allows the company to quickly and flexibly implement further use cases together with Upvest. In light of rising investment volumes and the demand for automated digital investment solutions, this is a significant step towards jointly advancing a variety of new products, opening up new markets, and providing private investors with immediate access to the full spectrum of capital markets.

About Upvest

Upvest is a fintech founded in 2017 by Martin Kassing that enables other fintechs to provide their end customers with access to a wide range of investment opportunities. To that end, Upvest has developed an investment API that can scale flexibly and modularly – tailored to the needs of fintechs of all sizes. B2B customers of Upvest can offer their end customers a better investment experience in capital market investment and retirement planning, save resources, and focus fully on their core business. Upvest is today one of the few fintechs in Europe that can offer its B2B customers a comprehensive range of investment opportunities in financial brokerage, proprietary trading, custody, and management of financial instruments in traditional securities trading as well as crypto custody. The company employs more than 100 people at its headquarters in Berlin. In addition to the main investor Bessemer Venture Partners, the $42 million Series B funding round also included previous investors Earlybird and ABN AMRO Ventures, as well as Notion Capital, Partech, 10x Group, and Speedinvest.

About Ginmon

Founded in 2014, the digital asset manager Ginmon offers managed wealth solutions to private clients in Germany. Ginmon operates as a licensed asset manager under the supervision of the Federal Financial Supervisory Authority (BaFin). With its proprietary asset management platform apeiron®, Ginmon offers asset management solutions for both its own private clients and as an integrated white label solution for fintechs and established companies wishing to provide asset management solutions to their customers in Germany or other EU countries. With managed assets of over 250 million euros, one of the highest satisfaction scores among all digital asset managers in Germany, and one of the best long-term performances, Ginmon is one of the leading independent providers of digital asset management solutions in Germany.