What Divizend does

Divizend GmbH is a Munich-based FinTech founded in 2020/2021 by Thomas Rappold (CEO, ex-Credit Suisse / ex-Allianz / Numbrs co-founder) and Julian Nalenz (CTO, TUM computer science). The company operates a dual-platform model that addresses cross-border dividend withholding tax friction from both ends of the market: (1) the Maximizer B2C product automates the multi-jurisdictional reclaim process for private investors with a 17.5% performance fee charged only on successful refunds, supported by a free multi-bank portfolio aggregation layer (Companion app, ~15,000-stock dividend calendar); and (2) the MiKaDiv/FASTER B2B platform serves banks, custodians, global custodians, and CSDs with custody-chain reconstruction and BZSt XML submission via direct Clearstream Xact integration in preparation for Germany's MiKaDiv (effective January 1, 2027) and the EU FASTER Directive (effective 2030).

The technology stack is built around BaFin-regulated Kontoinformationsdienste (finAPI) for bank-aggregated portfolio data ingestion, a proprietary custody-chain truth engine validated against BZSt communication handbook rules, and Divizend's spearheading role in the OpenFASTER vendor-independent protocol for Certified Financial Intermediary reporting. The company holds ISO 27001:2022 and SOC 2 Type II certifications, indicating enterprise-grade security posture. Distribution is hybrid: self-serve digital onboarding in 16 languages for retail, direct enterprise field sales with "MiKaDiv Readiness Session" CTAs for institutional buyers, reciprocal referral partnerships with Consorsbank and flatex, and white-label embeddable financial widgets (withholding tax analyzer, refund calculator, portfolio coach, dividend calendar, markets).

The business model combines a transaction-fee retail revenue stream (17.5% of refund), an institutional subscription model (one-time implementation fee plus fixed annual licensing), and an emerging white-label/licensing line for embedded widgets. Divizend is bootstrapped — the founders have explicitly chosen not to take external capital — and has organically expanded into Luxembourg, Switzerland (Weinfelden), and Singapore (APAC) via wholly-owned subsidiaries. Named institutional customers include Clearstream, Euroclear, BNY Mellon, Interactive Brokers, Société Générale, and Vontobel; retail partner banks include Consorsbank and flatex.

Name

Divizend

Legal name

Divizend GmbH

Website

https://divizend.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Divizend is a Munich-based bootstrapped FinTech that automates dividend withholding tax reclaims for private investors (17.5% performance fee) and provides institutional custody-chain compliance solutions for Germany's MiKaDiv and the EU FASTER Directive via direct Clearstream Xact integration.

Ownership category

akta.pro rank

Product category

Tax Compliance Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Tax Withholding, Reclaims & Relief-at-Source (Custody) (FSACAHAK)

akta.pro secondary industry

Tax Planning & Personal Tax Optimization Tools (FSAGADAJ)

Keywords

• Withholding tax reclaim
• Dividend tax automation
• MiKaDiv compliance software
• Custody chain reconstruction
• Cross-border tax platform

Headquarters

HQ city

Munich

HQ country

Germany

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Maximizer – Retail Withholding Tax Reclaim (17.5% commission): For private investors: free portfolio aggregation and companion app; revenue earned only upon successful withholding tax refund. Charge is 17.5% of the refund amount. For large/complex reclaims, custom pricing is available upon contact. This is a performance-based, outcome-linked revenue model.
2. MiKaDiv / FASTER Institutional Licensing & Implementation: One-time implementation fee plus fixed annual pricing for institutional clients (custodians, banks, asset managers). Optional customizations available. Pricing is designed for predictable cost-of-ownership vs. internal builds. This is a recurring subscription/licensing model for enterprise.
3. White-label / Embedded Widgets: Financial widgets (withholding tax analyzer, refund calculator, portfolio coach, dividend calendar, etc.) available for white-label embedding in third-party platforms. Revenue model not explicitly disclosed but implied as licensing/subscription.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels7 records

Core offering

Divizend provides an automated platform that helps private investors reclaim foreign dividend withholding tax across multiple jurisdictions, combining free multi-bank portfolio aggregation with a 17.5% success-fee tax reclaim service called Maximizer. For institutional clients, it offers a MiKaDiv/FASTER compliance solution that reconstructs custody chains across custodians and sub-custodians and transmits validated XML reports to the German BZSt via Clearstream Xact. The platform also exposes white-label financial widgets for embedding in third-party investment platforms.

Product overview

Divizend is a fintech platform providing automated dividend withholding tax reclaims and portfolio management services. The platform operates as a unified ecosystem built around its core Maximizer product for tax reclaims, supplemented by portfolio aggregation tools (Portfolio Import, Companion) and institutional compliance solutions (MiKaDiv/FASTER). Additional offerings include an embeddable financial widgets suite for white-labeling and specialized tools like the Dividend Calendar. The platform serves private investors, wealth managers, tax consultants, and institutional clients including custodians, banks, and stock exchanges.

Differentiator

Problem solved

Functional benefit

Brands

• MiKaDiv: Cross-border withholding tax and EU FASTER readiness solution for institutional clients, custodians, and banks
• Maximizer
• Companion

Products and services

• Maximizer Automated foreign dividend withholding tax reclaim service that fills and submits refund applications to corresponding tax authorities across multiple jurisdictions on behalf of individual investors holding dividend-paying stocks abroad.
• Portfolio Import

Quantifiable outcome

• Dividend withholding tax reclaims processed automatically without manual paperwork across multiple tax authorities
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability2 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• VenturelabminorGTM or Marketing Partner · 23 April 2026Venturelab collaborates with Sword Switzerland to organize the Sword Startup Challenge 2026. Divizend Suisse advanced as one of eight startups in this competition, receiving tailored pitch training, expert insights, and network introductions in the wealth management space.
• finAPI GmbHcoreTechnology or IntegrationfinAPI GmbH (Adams-Lehmann-Str. 44, 80797 München, Germany) provides BaFin-regulated Kontoinformationsdienste (KID) and Zahlungsauslösedienste (ZAD) for Divizend's German, Austrian, Czech, and Slovak bank account connections. finAPI is authorized by BaFin under ZAG (Firmenreferenznummer: 151548). This partnership is the backbone of Divizend's bank-aggregated portfolio import feature.
• brokerize GmbHcoreTechnology or Integrationbrokerize GmbH (a subsidiary of stock3 AG, operating under the regulatory umbrella of DonauCapital Wertpapier GmbH, BaFin-regulated) is the technical partner for securities trading with real-money brokers on the Divizend platform. Enables direct order placement via the platform or app without re-authenticating at the broker.
• Dividend RefundminorStrategic or Co-development PartnerDividend Refund (C/ Zurbano 92, 28003 Madrid, Spain) collaborates with Divizend for customers with tax residence in Spain. Divizend transmits necessary personal data (identification, contact, billing information) to Dividend Refund for the partnership's execution.
• ConsorsbankcoreChannel Partner/ Reseller/ DistributorConsorsbank is a partner bank in Divizend's referral program. Opening a new brokerage account through Divizend with Consorsbank saves customers fees charged by banks (e.g., for Swiss tax vouchers) and ensures optimal document formats for withholding tax reclaims. Consorsbank offers free custody account management, free Swiss tax vouchers, and €200 bonus for transfers of at least €10,000.
• flatexcoreChannel Partner/ Reseller/ Distributorflatex is a partner bank in Divizend's referral program (available in Germany and Austria). Offers no account or custody fees, with tax voucher and annual German tax certificate for €5.90. Divizend refers customers who need optimal brokerage setup for foreign securities to flatex.
• ClearstreamcoreStrategic or Co-development PartnerClearstream is both a customer and key infrastructure partner. Divizend integrates with Clearstream Xact for direct, secure, real-time data transmission from Divizend's platform to market infrastructure and ultimately to BZSt. This is a core part of Divizend's MiKaDiv institutional transmission architecture.
• OpenFASTER ConsortiumcoreStrategic or Co-development PartnerDivizend is spearheading OpenFASTER development — a vendor-independent protocol and data-exchange format for Certified Financial Intermediary (CFI) reporting under MiKaDiv and EU FASTER. Divizend works with the industry to ensure the standard matches how custody chains actually operate, creating interoperability that benefits the entire ecosystem.
• Ernst & Young Law GmbHminorImplementation/ SI/ Consulting PartnerErnst & Young Law GmbH Rechtsanwaltsgesellschaft Steuerberatungsgesellschaft assisted in drafting Divizend's terms of service and disclaimer documents, ensuring legal and regulatory compliance.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Taxback.com (Traventia Group): Taxback.com is a long-established withholding-tax reclaim specialist serving individual investors with international dividend and income flows — directly comparable to Divizend's Maximizer retail offering across multiple tax jurisdictions.
• Dividend Refund: Dividend Refund is a Spain-based withholding-tax reclaim service for retail investors. It is already a partner of Divizend (for Spanish tax-resident customers) and competes in the same cross-border dividend reclaim niche.
• BearingPoint RegTech: BearingPoint RegTech provides regulatory reporting and tax compliance software for banks and custodians, including German withholding-tax/MiKaDiv reporting. It directly competes with Divizend's institutional MiKaDiv/FASTER platform for the same compliance budget.
• Regnology: Regnology is a regulatory reporting and supervisory technology vendor serving banks and financial institutions across Europe. Its tax/regulatory reporting solutions overlap with Divizend's custody-chain compliance proposition for large institutional clients.
• TipRanks: TipRanks provides embeddable financial-research and analytics widgets (dividend data, analyst ratings, portfolio tools) used by brokers and wealth platforms worldwide — directly comparable to Divizend's white-label financial widget distribution lane.

Broad incumbents

• Wolters Kluwer Tax & Accounting (incl. Intertax): Wolters Kluwer is a broad incumbent providing tax, regulatory, and compliance solutions to financial institutions globally. Its Intertax withholding-tax services and OneSumX regulatory reporting suite overlap with Divizend's institutional compliance platform, but as part of a much wider product portfolio.

Emerging players

• Vermeg: Vermeg is a Luxembourg-anchored regtech and securities-services software vendor serving European banks, custodians, and asset managers. Its cross-border tax and regulatory reporting capabilities intersect with Divizend's MiKaDiv offering, particularly for Luxembourg-domiciled institutions.
• Empower (Personal Capital): Empower, via Personal Capital, offers multi-bank portfolio aggregation and wealth-tracking tools with tax-aware insights for retail investors. It is comparable to Divizend's Companion/Portfolio Import stack on the wealth-intelligence and dividend-tracking side.
• Moneyhub: Moneyhub is a UK-based open finance and personal finance management platform offering multi-bank data aggregation and white-label financial insights — comparable to Divizend's Companion app and embeddable widget suite for consumer-facing financial institutions.

Others

• Numbrs: Numbrs is a Munich-based consumer finance app founded by the same CEO (Thomas Rappold). It is a related portfolio venture rather than a direct competitor, but it shares founder DNA and a similar European retail-fintech distribution approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds4 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Divizend