FNZ (formerly ebase)

What FNZ (formerly ebase) does

FNZ Bank SE (formerly ebase) is a German full-license bank (Vollbanklizenz) headquartered in Aschheim/Munich, Bayern, operating under BaFin supervision as a subsidiary of the global FNZ Group. The bank specializes in securities custody, brokerage, and financial portfolio management, serving over two million retail customers through an online banking portal and mobile apps (FNZbanking, FNZsecure), alongside institutional B2B distribution through white-label PaaS/BaaS infrastructure, XS2A-API open banking, and commission processing services. The product portfolio spans investment depots (Investmentdepot, Wertpapierdepot, Advanced & Dimensional Depot, Managed Depot), savings products (Tagesgeldkonto at 3.00% promotional rate, Festgeldkonto), and corporate/bAV solutions (Business Depot, bAV Depot, Arbeitszeitdepot, Collect Depot).

The underlying technology is a multi-tenant banking platform supporting over 60 global exchange venues, OTC trading, PSD2-compliant XS2A integration, and digital onboarding via video identification (IDnow, Deutsche Post). Operations are supported by a SpeakUp-Line whistleblower platform (People Intouch), a Userlike/OMQ-powered AI chatbot ('Ebbie'), and ERP/CRM integrations (Salesforce, Personio, Sendinblue). The bank complies with GDPR, EdB statutory deposit insurance (€100,000), Einlagensicherungsfonds voluntary coverage, EU SFDR (Articles 6/8/9), and the German Supply Chain Due Diligence Act (LkSG).

Revenue is generated from a mix of custody fees, brokerage commissions across 60+ exchanges, AUM-based portfolio management fees on managed depots, interest income on savings and term deposits, insurance referral commissions forwarded to Allianz, B2B platform service fees, and B2B commission processing. The go-to-market is hybrid: direct-to-consumer digital channels for retail, plus extensive intermediary (IFA, wealth manager) and institutional (banks, insurers, fintechs) partner channels. The German entity holds approximately 1,000 employees across 5 locations, while parent FNZ Group reports over 7,000 employees in 30 countries.

Name

FNZ (formerly ebase)

Legal name

FNZ Bank SE

Website

https://fnz.de

Company type

Private

Operating status

Operating

Headcount range

251–500 employees

Short description

FNZ Bank SE (formerly ebase) is a German full-license bank providing securities custody, brokerage, savings, and managed portfolio services to over 2 million retail customers and B2B partners (banks, insurers, IFAs, fintechs) via a multi-tenant digital banking platform and white-label PaaS/BaaS infrastructure.

Ownership category

akta.pro rank

Product category

Digital Wealth Management & Banking Platform

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

akta.pro secondary industries

Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)

Keywords

• Wealth management platform
• Digital banking services
• Securities custody
• Banking-as-a-service
• Investment accounts

Headquarters

HQ city

Aschheim, Bayern

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Securities Custody & Brokerage: FNZ Bank generates revenue through securities custody fees, brokerage commissions on equity, bond, ETF, and fund trades, and spread income from over-the-counter (OTC) direct trading. The bank operates across 60+ global exchange venues and offers OTC direct trading until 22:00 or on weekends.
2. Financial Portfolio Management (Managed Depot): Discretionary portfolio management fees for managed depot accounts, charged as a percentage of assets under management.
3. B2B Platform Services (PaaS & BaaS): Revenue from providing banking infrastructure, custody, and brokerage services on a white-label or API basis to banks, insurers, IFAs, asset managers, and fintechs.
4. Savings & Deposit Products: Interest income from Tagesgeld (current/savings) and Festgeld (term deposit) accounts. The bank offers promotional rates such as 3.00% p.a. on Tagesgeld accounts.
5. Insurance Distribution: Revenue from forwarding insurance product inquiries to Allianz Beratungs- und Vertriebs-AG and receiving referral/commission income.
6. B2B Commission Services: Commission processing services for distribution partners, including provisionsabwicklung (commission settlement) for financial distributors and wealth managers.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels9 records

Core offering

FNZ Bank SE operates as a German full-license bank (Vollbanklizenz) providing digital investment accounts (Investmentdepot, Wertpapierdepot, Managed Depot), savings products (Tagesgeld, Festgeld), and business-oriented depots (Business Depot, bAV Depot, Arbeitszeitdepot, Collect Depot) to over 2 million retail customers. For institutional partners — banks, insurers, IFAs, wealth managers, and fintechs — the bank offers a multi-tenant white-label banking platform (PaaS/BaaS), XS2A-API for PSD2 access, custody and brokerage infrastructure, and commission processing services (Provisionsabwicklung).

Product overview

FNZ Bank (formerly ebase) is a full-service online bank with a full banking license, offering a modular platform for securities custody, savings, and wealth management. The core product portfolio centers on the Investmentdepot (including VL-Depot, Advanced & Dimensional Depot, and Wertpapierdepot) for securities trading and custody across over 60 global exchanges, supplemented by the Managed Depot for discretionary portfolio management, and Tagesgeldkonto/Festgeldkonto for savings accounts. Business customers access dedicated depots including Business Depot, bAV Depot, and Collect Depot for corporate and occupational retirement needs. The technology stack includes the Online-Banking platform (portal.fnz.de) and mobile apps (FNZbanking App for account access, FNZsecure App as a TAN generator), while partners access the Partnerportal and PaaS/BaaS distribution platform. Additional services include the XS2A-API for PSD2 compliance, Provisionsabwicklung for commission processing, Ebbie AI chatbot for customer support, and the SpeakUp-Line whistleblower system. The bank serves over two million customers through its multi-tenant, technology-driven platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Investmentdepot / VL-Depot Core securities custody account for private investors, including Vermögenswirksame Leistungen (VL) savings accounts, supporting funds, ETFs, and other securities.
• Advanced & Dimensional Depot Specialized investment depot combining Advanced and Dimensional investment strategies for customers seeking optimized portfolio construction.
• Wertpapierdepot (Securities Account) Securities custody account for trading stocks, bonds, certificates, and options, with access to over 60 global stock exchanges.
• Managed Depot (Finanzportfolioverwaltung) Discretionary portfolio management service where FNZ manages securities portfolios on behalf of clients, incorporating sustainability considerations in investment strategy selection.
• Tagesgeldkonto (Call Money Savings Account) Call money savings account with variable interest rates (3.00% p.a. promotional), daily access to funds, protected by statutory deposit insurance up to 100,000 euros.
• Festgeldkonto (Fixed-Term Deposit) Fixed-term deposit account offering guaranteed interest rates for a specified term, with statutory and voluntary deposit protection coverage.
• Business Depot Securities custody account tailored for business customers, supporting corporate investment and asset management needs.
• Business- / Collect-Konten Business and collective accounts for corporate customers requiring shared or pooled financial management.
• bAV Depot Securities custody account for occupational retirement provision (betriebliche Altersversorgung), supporting company employee benefit programs.
• Arbeitszeitdepot Time account depot for managing working time assets and flexible working time arrangements for employees.
• Collect Depot Collective securities custody account for managing pooled investments or group savings schemes.
• Online-Banking Portal (portal.fnz.de) Web-based online banking platform providing access to depot management, account overview, securities trading, and transaction authorization.
• XS2A-API API service for partners enabling access to account information and payment initiation (Access to Account / Payment Initiation) as required under PSD2 regulations.
• Vertriebsplattform (PaaS & BaaS) Distribution Platform as a Service (PaaS) and Banking as a Service (BaaS) offering for financial distributors, banks, and insurers, providing technology infrastructure for wealth management and securities services.
• Provisionsabwicklung (Commission Processing) Commission processing and settlement service for distribution partners, managing commission payments and calculations for financial advisors and wealth managers.
• Betriebliche Altersversorgung (bAV) Solutions Occupational retirement provision solutions for companies, including shareholder arrangements, employee benefits, and company asset management.
• Gesellschafter-Versorgung (Shareholder Provision) Retirement and benefit solutions specifically designed for managing shareholders and business owners.

Quantifiable outcome

• Over 2 million customers served with investment solutions
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• IDnow GmbHcoreTechnology or IntegrationIDnow provides web-based video identification services for FNZ Bank's customer onboarding process. The service enables identity verification via a secure video call, with screenshots and recordings stored for compliance purposes. FNZ Bank also uses Deutsche Post AG as an alternative video identification provider.
• Deutsche Post AGcoreTechnology or IntegrationProvides video identification (VideoIdent) and PostIdent services as an alternative to IDnow for customer KYC/identity verification during account opening.
• Allianz Beratungs- und Vertriebs-AGminorGTM or Marketing PartnerFNZ Bank forwards customer inquiries for insurance products to Allianz Beratungs- und Vertriebs-AG, which provides insurance quotes and coverage. Data is shared based on customer consent per GDPR Art. 6(1)(a).
• People Intouch B.V.coreTechnology or IntegrationExternal service provider operating FNZ Bank's SpeakUp-Line whistleblower platform. The platform is hosted by People Intouch (Olympisch Stadion 41, 1076 Amsterdam) and enables anonymous or identified reporting of economic crimes, regulatory violations, and human rights/environmental risks.
• financeAds GmbH & Co. KGminorChannel Partner/ Reseller/ DistributorAffiliate partner program network for tracking and attributing customer acquisitions from partner referrals. Session cookies (30-day duration) track visits from financeAds partner links to FNZ Bank websites.
• netzeffekt GmbH (FinanceQuality)minorChannel Partner/ Reseller/ DistributorAffiliate partner program through FinanceQuality for tracking and attributing customer acquisitions from partner referrals, similar to financeAds.
• Adtraction ABminorChannel Partner/ Reseller/ DistributorAffiliate marketing platform for tracking conversions from advertising partnerships. Session cookie (at_gd, 30-day duration) used for attribution.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Trade Republic: Germany's largest neobroker with a retail investment platform, securities custody, and savings products. Competes directly with FNZ Bank's D2C investment depot and Tagesgeld offering.
• Solaris SE: Berlin-based Banking-as-a-Service provider with a full German banking license, offering white-label infrastructure to fintechs, banks, and corporates. Directly mirrors FNZ Bank's BaaS model and target buyer profile.
• Scalable Capital: Munich-based digital wealth management platform offering broker, managed-portfolio, and B2B platform services. Closely comparable to FNZ Bank's Managed Depot and B2B platform proposition.
• Treezor: France-based BaaS provider owned by Société Générale, offering regulated banking infrastructure (payment accounts, cards, KYC) to fintechs and corporates. Comparable European BaaS peer model.

Others

• Avaloq: Swiss wealth-tech platform now owned by FNZ Group, providing core banking software to private banks and wealth managers. Sister entity within the FNZ Group, sharing customers and product roadmap.

Broad incumbents

• DKB (Deutsche Kreditbank): Large German direct bank with retail banking, brokerage, and B2B platform services. Comparable established online-bank peer within the German market.
• Comdirect: Established German online broker and retail bank (Commerzbank subsidiary) offering securities trading, custody, and savings products. Competes with FNZ Bank's D2C retail proposition.
• Wealthfront: US digital wealth management platform offering automated investing, cash management, and banking products. Comparable D2C managed-portfolio and self-directed brokerage model.
• Baader Bank: German full-service bank with a securities business and B2B platform serving financial distributors and asset managers. Overlaps with FNZ Bank's Wertpapierdepot and B2B partner model.

Emerging players

• Betterment: US robo-advisor with managed portfolios and cash products, plus a B2B platform for advisors and fintechs. Comparable digital wealth management and BaaS-style product set.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/FNZ_Group
• YouTubeyoutube.com/@fnz-bank
• LinkedInlinkedin.com/company/ebase-ag

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 FNZ (formerly ebase)