Fondsdepot Bank

What Fondsdepot Bank does

Fondsdepot Bank is a German B2B direct bank that provides securities custody, depot management, and financial portfolio management services to financial distributors, independent financial advisors, asset managers, banks, insurance companies, and FinTechs. Operating as a brand of FNZ Bank SE since the 2023 acquisition by FNZ Group, the bank manages approximately 140 billion EUR in assets under administration across more than 2 million end customers and offers over 100 depot variants, including the core Fondsdepot, Kinderdepot, VL-Fondsdepot, and Geldkonto products, supported by investment vehicles spanning funds, ETFs, and ELTIFs alongside Tagesgeld and Festgeld savings products.

The underlying technology is a multi-tenant IT platform with modular interfaces configurable to partner-specific requirements; all products are white-label capable and PSD2-compliant for authorized third-party account access. Discretionary portfolio management is delivered under the KWG-32 license obtained in 2017, and the partner ecosystem is supported through a dedicated Partner Portal, the pushTAN mobile authentication app, and Platform-as-a-Service / Banking-as-a-Service offerings delivered in cooperation with FNZ Group. The bank is supervised by BaFin under a full banking license (Vollbanklizenz) acquired in 2010 and is a member of both statutory (EdB) and voluntary (Einlagensicherungsfonds) German deposit protection schemes.

The business model is B2B by design: the bank sells custody, depot management, outsourcing, and portfolio management services to approximately 400 cooperation partners who in turn distribute white-label or co-branded investment products to their end customers. Revenue is generated primarily through recurring custody and depot management fees, recurring financial portfolio management fees, transaction-based institutional fund services, and professional services for partner outsourcing, reporting, and commission processing. Distribution is exclusively partner-mediated, with no direct retail acquisition channel, and the entity is privately held with no public ticker.

Name

Fondsdepot Bank

Legal name

FNZ Bank SE

Website

https://fondsdepotbank.de

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

251–500 employees

Short description

Fondsdepot Bank is a German B2B direct bank and brand of FNZ Bank SE, offering white-label securities custody and depot management to approximately 400 financial distributors, banks, insurers, and FinTechs. It manages approximately 140 billion EUR in assets across 100+ depot solutions serving 2+ million end customers.

Ownership category

akta.pro rank

Product category

Securities Custody Banking

NAICS

Depository Credit Intermediation (5221), Portfolio Management and Investment Advice (523940)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

Treasury, Cash & Liquidity Management (Custody Cash) (FSAAAOAL)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), SME Treasury & Liquidity Management (FX, Hedging, Sweep/Investment) (FSABABAE)

Keywords

• Securities custody services
• B2B banking platform
• Fund depot management
• White-label banking solutions
• Portfolio management services

Headquarters

HQ city

Hof

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Securities Custody and Depot Management Fees: Revenue generated from managing securities depots for over 2 million customers and approximately 400 cooperation partners. The bank offers over 100 different depot solutions for wealth building and management.
2. Financial Portfolio Management (Finanzportfolioverwaltung): Revenue from discretionary portfolio management services, for which the bank obtained KWG-32 license in 2017.
3. Partner Services and Outsourcing: Services for financial distributors and asset managers including commission processing, reports, and digital processes, as well as outsourcing of depot management.
4. Institutional Fund Services: Institutional fund procurement and capital investment services for banks, insurance companies, and institutional customers, including solutions for Depot A and Depot B business.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels10 records

Core offering

Fondsdepot Bank operates as a B2B direct bank providing custody, depot management, and financial portfolio management services to financial distributors, asset managers, banks, insurance companies, and FinTechs across approximately 400 cooperation partners. The bank offers over 100 white-label depot solutions managing approximately 140 billion EUR in assets under administration for over 2 million end customers. Core products include fund depots (Fondsdepot), children's depots (Kinderdepot), VL fund depots, cash accounts (Geldkonto), Tagesgeld/Festgeld savings, and discretionary portfolio management under a full banking license (Vollbanklizenz) and KWG-32 license.

Product overview

Fondsdepot Bank operates as a B2B direct bank and full-service partner within the FNZ Group, offering a comprehensive platform for securities custody, investment management, and digital banking services. The product portfolio centers on the core Fondsdepot (fund custody) account complemented by specialized depot variants including Kinderdepot (children's), VL-Fondsdepot (employee savings), and Geldkonto (cash account). Investment products span funds, ETFs, and ELTIFs, supported by savings products (Tagesgeld/Festgeld). Digital services include Online-Banking with mobile app, pushTAN authentication, fund search tools, and comprehensive calculators. The institution serves both end customers and B2B partners (financial distributors, asset managers, banks, insurers) with white-label capable solutions and a partner portal for commission and reporting management.

Differentiator

Problem solved

Functional benefit

Brands

• pushTAN-App: Mobile application for iOS and Android devices providing comprehensive service around authorization of TAN-required orders

Products and services

• Fonds (Investment Funds)

Quantifiable outcome

• Over 2 million customers use the platform for their financial goals
• +4 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• FNZ GroupcoreTechnology or Integration · 1 January 2023FNZ Group acquired Fondsdepot Bank in 2023, making it part of the global FNZ platform network. FNZ Group is a global platform provider for wealth and asset management with over 2.4 trillion EUR in assets on platform and operations in 30 countries. Fondsdepot Bank operates as a brand under FNZ Bank SE and benefits from technology, infrastructure, and operational support from the group.
• AXA DeutschlandcoreStrategic or Co-development Partner · 1 January 2020Long-term partnership established in 2020 with AXA Deutschland, a major German insurance company. AXA Deutschland's securities custody business was transferred to Fondsdepot Bank as part of a broader strategic collaboration. In 2021, AXA Bank was merged into Fondsdepot Bank, further deepening the relationship.
• Deutsche Haftungsdach (DHD) GmbHcoreStrategic or Co-development PartnerFormerly operating under Deutsches Haftungsdach, the company continues the liability hood function under new name after FNZ Bank took over deposit and custody business in 2024. Maintains advisory services for financial products.

Scale indicators6 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Baader Bank: Munich-based B2B bank providing securities custody, depot management, and white-label trading/banking infrastructure to financial distributors, asset managers, and brokers across Europe. Closest direct competitor to Fondsdepot Bank in the German B2B depot and custody space.
• European Bank for Financial Services (ebase): Germany-based B2B direct bank (now part of FNZ Group) offering depot, custody, and account services to financial intermediaries, asset managers, and FinTechs. Sister entity within FNZ and a near-identical platform play to Fondsdepot Bank.
• DAB BNP Paribas: BNP Paribas-owned B2B and B2C direct bank in Germany providing custody, depot, and trading services to retail investors and financial partners. Comparable as a licensed B2B distribution platform for investment products.

Broad incumbents

• flatexDEGIRO: Largest German online broker operating flatex, DEGIRO, and brands such as ViTrade and Bank Vontobel Europe. Overlaps with Fondsdepot Bank on custody and execution infrastructure but serves end clients directly and at much larger scale.
• Hauck Aufhäuser Lampe: German private bank offering custody, asset servicing, and fund services to institutional and high-net-worth clients. Overlaps with Fondsdepot Bank on institutional custody and fund services but is broader and more relationship-led.
• BNP Paribas Securities Services: Global custodian and asset servicer within BNP Paribas offering custody, fund administration, and reporting to asset managers and distributors. Comparable in core custody and depositary capability but at much larger institutional scale and broader product range.

Emerging players

• Scalable Capital: Munich-based B2B and B2C digital wealth management platform offering broker and robo-advisor products. Competes for the same partner and end-customer wallet but is younger, non-bank-native, and uses a partner bank for custody.
• Solaris SE: Berlin-based Banking-as-a-Service platform with full banking license providing custody, account, and lending infrastructure to FinTechs and digital businesses. Adjacent to Fondsdepot Bank's BaaS offering but focused on account/payments rather than securities custody.
• Upvest: Berlin-based BaaS provider offering APIs for retail investment products (ETFs, fractional shares) to European financial institutions. Comparable in enabling partners to launch investment products, but does not hold a banking license itself.

Regional players

• Trade Republic: Berlin-headquartered pan-European neobroker providing custody and trading in securities, ETFs, and savings products to retail clients. Comparable product set (custody, savings, ELTIFs) but competes via direct retail channel and partner banks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/FNZ_Group
• YouTubeyoutube.com/@fondsdepotbank1533
• LinkedInde.linkedin.com/company/fnz

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Fondsdepot Bank