Broker service platform lemon.markets The company has secured an additional €12 million in funding as it aims to open 100 million brokerage accounts.
Founded in 2020, the Berlin-based fintech provides digital brokerage and custody infrastructure, enabling any business to offer investment products.
Both traditional players and fintechs are realizing the potential to innovate and make digital investment solutions more accessible to consumers. In Germany alone, a significant portion of financial assets (41.7%) are according to Funds with the Bundesbank are held as cash and bank deposits (including overnight deposits and term deposits).
lemon.markets provides brokerage and custody infrastructure for ETFs, funds and, in future, stocks, enabling fintechs, banks and asset managers to offer their clients access to capital markets.
The lemon.markets platform is designed in a modular way that allows it to be configured based on partner use cases, and its API-first architecture significantly reduces integration time.
The company supports its partners across the entire value chain, from migration projects to the launch of individual investment products.
In January 2024, the company will receive the necessary license from BaFin to operate as an investment company. The Company provides contract brokerage, investment advice, financial portfolio management, financial commission services, proprietary trading and custody services.
Max Linden, founder and CEO of lemon.markets, said:
“CommerzVentures is a strong partner that impresses us with its deep understanding of our market. We share a common vision and philosophy to grow lemon.markets into one of the most impactful companies in the industry.”
With the new funding, we will double down on our market momentum and bring even more partners and products to market in the coming months.“
CommerzVentures, Heliad and existing investors including Creandum, Lakestar, Lightspeed and System.one participated in the funding.
“We are excited to be working with NVIDIA to bring this technology to market,” said Jonas Wenke, Principal at CommerzVentures.
“At CommerzVentures, we value partnering with the most talented teams solving the most complex problems in financial services, and lemon.markets ticks both boxes.”
“Max is a fantastic young leader and has built a first-class team around him. We are excited to lead this round and join them on the journey to make lemon.markets the largest and most modern securities and custody platform in Europe.”
“We believe that expanding the range of digital investment products is essential to encourage broader participation in capital markets. Achieving this goal will require incumbent players in asset management, banking and brokerage to re-evaluate their infrastructure.”
“The lemon.markets team combines a broad range of securities services expertise with deep technical understanding, uniquely positioning itself to attract both fintechs and traditional players as clients,” said Simon Schmincke, general partner at Creandum.
With the new funding, lemon.markets plans to accelerate the expansion of its platform and launch new partners.
Main image: lemon.markets. Photo: No credit provided.
