Fnz Bank Se

What Fnz Bank Se does

FNZ Bank SE is a Munich-headquartered German full-license bank (Vollbanklizenz) operating as part of FNZ Group, a global wealth management platform with more than 7,000 employees across roughly 30 countries. The bank serves over two million customers through a B2B2C distribution model, combining direct digital channels with a partner network of financial distributors, asset managers, banks, insurers, and fintechs that white-label its products. Core offerings include investment depots (Investmentdepot, Wertpapierdepot, Managed Depot), deposit products (Tagesgeld, Festgeld, Konto flex), and corporate solutions (bAV Depot, Arbeitszeitdepot), supported by a multi-tenant PaaS/BaaS platform that enables partner-led distribution under each partner's own brand.

The technology stack comprises the FNZbanking mobile app, the FNZsecure app with SealOne-ID authentication, an online banking portal, an XS2A-API layer (PSD2-compliant open-banking connectivity), and an AI-supported customer-service chatbot branded "Ebbie." Ebbie is built on OMQ GmbH's NLP/knowledge database, delivered through Userlike's chat module, and integrated with Salesforce chatbot infrastructure. Operations are supervised by BaFin, the bank is a statutory member of the EdB deposit-protection scheme and a voluntary member of the Einlagensicherungsfonds, and it operates within LkSG and DSGVO compliance frameworks.

Revenue mechanics combine securities brokerage transaction fees across more than 60 global exchanges, recurring AUM-based fees on managed portfolios, interest spreads on deposit products, platform licensing fees paid by B2B distribution partners, and insurance referral commissions generated through the Allianz Beratungs- und Vertriebs-AG partnership. The bank is privately held within the FNZ Group parent structure and does not publicly disclose standalone revenue.

Name

Fnz Bank Se

Legal name

FNZ Bank SE

Website

https://fnz.de

Company type

Private

Operating status

Operating

Short description

FNZ Bank SE is a Munich-based, full-license German bank operating as part of FNZ Group, providing investment depots, securities custody, managed portfolios, and a multi-tenant PaaS/BaaS platform to over two million retail and corporate customers and B2B financial distribution partners.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

akta.pro secondary industries

Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK), Reconciliation, Ledgering & Money Movement Ops (Sub-ledgers, Settlement, Reporting) (FSAGALAL)

Keywords

• Retail banking services
• Securities custody
• Wealth management platform
• Investment brokerage
• B2B banking-as-a-service

Headquarters

HQ city

München

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Securities brokerage and custody fees: The bank earns fees from executing and holding securities transactions in customer depot accounts. This includes trading commissions across over 60 global exchanges and over-the-counter (Direkthandel) markets, as well as depot maintenance fees for holding investment positions.
2. Interest income from deposit products: The bank accepts Tagesgeld (call money) and Festgeld (term deposit) customer deposits, earning interest spread. The bank promotes current rates such as 3.00% p.a. on Tagesgeld accounts, indicating active deposit-taking and lending-related income.
3. Financial portfolio management (Managed Depot): Fee-based discretionary portfolio management services where the bank manages customer assets for a management fee, typically calculated as a percentage of assets under management (AUM).
4. B2B platform and API services (PaaS/BaaS): FNZ Bank provides its technology platform to financial distributors, asset managers, banks, insurers, and fintechs on a white-label or API-access basis. Revenue is derived from platform licensing fees, transaction processing fees, and commission settlement services.
5. Vermögenswirksame Leistungen (VL) and government-scheme administration: The bank processes government-sponsored savings schemes (VL) where employer contributions are directed to employee investment accounts, earning administrative fees per account.
6. Insurance product referral: The bank refers customers to Allianz Beratungs- und Vertriebs-AG for insurance products, earning referral commissions through its partner ecosystem.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels10 records

Core offering

FNZ Bank SE is a German full-service bank providing securities custody, brokerage, and investment services through investment depots, savings products, and employer-sponsored pension solutions (bAV/Arbeitszeitdepot). It serves retail investors directly and operates a B2B2C model via a proprietary PaaS/BaaS distribution platform used by financial distributors, asset managers, banks, insurers, and fintechs to embed banking services into their offerings.

Product overview

FNZ Bank is a full banking licensee (Vollbanklizenz) providing comprehensive depot (securities custody) and financial portfolio management services. The company operates a multi-product platform architecture centered on investment depots (Investmentdepot, Wertpapierdepot, Managed Depot), deposit accounts (Tagesgeldkonto, Festgeldkonto, Konto flex), and business solutions (Business Depot, bAV Depot, Arbeitszeitdepot). These core products are supported by digital infrastructure including the Online-Banking Portal, FNZbanking App, and FNZsecure App for mobile banking and transaction authorization. The platform also encompasses partner-facing solutions (Partnerportal, XS2A-API, Vertriebsplattform) enabling banks, insurers, fintechs, and financial distributors to integrate FNZ Bank services. Supporting tools include fund search, savings calculators, and the AI-powered Ebbie chatbot for customer service. The company serves over 2 million customers and partners through multi-tenant digital solutions combining decades of financial expertise with modern technology.

Differentiator

Problem solved

Functional benefit

Products and services

• Investmentdepot (VL-Depot)
• Advanced & Dimensional Depot
• Wertpapierdepot
• Managed Depot Digital portfolio management ( robo-advisory) service providing automated investment strategies based on individual investor profiles. Targeted at private investors seeking discretionary asset management with digital onboarding.
• Tagesgeldkonto Daily-call savings account offering 3.00% p.a. promotional interest rate (valid until April 30, 2026) with quarterly settlement and 24/7 availability via online banking. For private investors seeking flexible, interest-bearing cash deposits.
• Festgeldkonto Fixed-term savings account offering 2.30% p.a. for a 12-month term with annual interest settlement. For private investors seeking fixed-rate, term-bound deposits.
• Konto flex Flexible savings account providing 1.50% p.a. interest rate with quarterly settlement and 24/7 availability. For private investors seeking lower-volatility savings with competitive variable rates.
• Business Depot Securities custody account for corporate clients supporting diversified ETF portfolios and stock-based asset management solutions. Targeted at German companies for treasury management and corporate savings.
• Business- und Collect-Konten Business and collection accounts for corporate clients handling incoming and outgoing payments. For German employers and corporations managing cash flow and payroll.
• bAV Depot Employer-sponsored company pension (betriebliche Altersvorsorge) custody account allowing salary conversion into ETF-based or fund-based retirement savings. Targeted at German employers and their employees for occupational pension provision.
• Arbeitszeitdepot Long-term working-time account enabling employees to accumulate value balances in securities for retirement provision. For German employers offering working-time-based retirement models.
• Collect Depot Custody account enabling companies to centrally manage bAV, working-time, and other asset-building benefits across employees. For corporate clients and intermediaries administering employer-sponsored benefits programs.
• FNZ PaaS & BaaS Distribution Platform Multi-tenant Platform-as-a-Service and Banking-as-a-Service distribution platform enabling partners (asset managers, banks, insurers, fintechs) to distribute investment, savings, and pension products under their own brand. For B2B financial partners seeking embedded banking infrastructure.
• XS2A-API Account access interface allowing partner institutions to retrieve account information and initiate payments on behalf of FNZ Bank customers. For B2B partners requiring PSD2-compliant banking connectivity.

Quantifiable outcome

• Over 2 million customers served with investment solutions
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration21 records

AI capability2 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Finanzvertriebe & Vermögensverwalter (Financial Distributors & Asset Managers)coreChannel Partner/ Reseller/ DistributorA network of financial distribution companies and independent asset managers that distribute FNZ Bank products to their customers via the FNZ platform, using white-label or co-branded configurations. The bank provides these partners with product infrastructure, commission settlement, and sales support tools.
• Banken & Versicherungen (Banks & Insurance Companies)coreChannel Partner/ Reseller/ DistributorEstablished banks and insurance companies in Germany that leverage FNZ Bank's full banking license and technology platform to offer securities and investment services to their own retail and corporate customers.
• Fintechs (via PaaS & BaaS Platform)coreOEM/ Whitelabel/ Licensing PartnerDigital financial service providers that embed FNZ Bank's investment and securities infrastructure into their own products using the PaaS/BaaS platform and XS2A-API, enabling them to offer banking services without their own banking license.
• Allianz Beratungs- und Vertriebs-AGminorGTM or Marketing PartnerThe bank refers customers interested in insurance products to its cooperation partner Allianz Beratungs- und Vertriebs-AG. Customer contact and inquiry data is forwarded to Allianz for processing based on customer consent (Art. 6 Abs. 1 lit. a DSGVO).
• financeAds GmbH & Co. KGminorGTM or Marketing PartnerFinanceAds operates an affiliate marketing program for FNZ Bank, tracking partner referrals and attributing depot/account openings to specific affiliate partners using session cookies and anonymized tracking IDs.
• netzeffekt GmbH (FinanceQuality)minorGTM or Marketing PartnerNetzeffekt operates an affiliate partner program (FinanceQuality) for FNZ Bank, using session cookies to anonymously track and attribute customer referrals from partner websites to FNZ Bank's acquisition funnel.
• Adtraction ABminorGTM or Marketing PartnerAdtraction AB operates an affiliate marketing program for FNZ Bank, using session cookies to track referrals and attribute depot/account openings to affiliate partners, with a 30-day attribution window.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Bitpanda GmbH: Vienna-based investment platform with German banking presence offering securities, ETFs, and crypto trading via its own platform and B2B APIs. Comparable to FNZ Bank on multi-asset retail investment platform and B2B infrastructure, though heavier on crypto and DACH-wide vs. Germany-only.
• Trade Republic Bank GmbH: Berlin-based neobank with a German banking license offering commission-free securities trading, savings products, and B2B2C distribution. Comparable to FNZ Bank on regulated retail investing with bank license, but skewed direct-to-consumer and younger in customer profile.
• Scalable Capital: Munich-based robo-advisor and B2B wealth platform offering managed portfolios, brokerage, and white-label B2B infrastructure. Comparable to FNZ Bank on managed depot (AUM-based) and B2B platform model, and a direct German retail competitor for the same investor segment.

Direct peers

• Solaris SE: Berlin-based Banking-as-a-Service platform with its own banking license, enabling fintechs, banks, and corporates to embed financial services via API. Directly comparable to FNZ Bank SE on the BaaS/sponsor-bank model, though Solaris skews more to payments and lending rather than securities custody.
• Upvest: Berlin-based fintech providing an investment API and BaaS infrastructure that allows businesses to offer securities and ETF trading under their own brand. Comparable to FNZ Bank's BaaS securities layer, with overlapping target customers (B2B platforms and fintechs embedding investment products).
• Baader Bank: German full-service bank specialized in securities services, capital markets, and B2B platform banking for asset managers, financial distributors, and corporates. Closest traditional-bank analog to FNZ Bank's custodian-and-platform business for financial distributors in the German market.
• DAB BNP Paribas: German direct bank and B2B securities platform providing depot, custody, and fund trading services to retail investors and financial intermediaries under the BNP Paribas group. Directly comparable to FNZ Bank on securities custody and B2B distribution via financial advisors.

Broad incumbents

• comdirect bank (Commerzbank Group): German direct bank within the Commerzbank group offering depot, securities trading, and savings products to retail and B2B partners. Comparable to FNZ Bank on direct-bank retail securities and as a B2B custody partner, but operates within a much larger universal banking group.
• Deutsche Bank AG: Global universal bank and parent of DWS, providing retail brokerage, custody, and corporate banking in Germany. Comparable to FNZ Bank as a full-license competitor across retail, corporate, and bAV segments, though Deutsche Bank's scale, branch network, and product breadth far exceed FNZ Bank's.

Others

• DWS Group (Deutsche Bank subsidiary): German asset manager distributing funds and managed portfolios through banks and financial advisors in Germany. Comparable to FNZ Bank on the fund distribution and managed portfolio value chain (DWS as product manufacturer, FNZ Bank as distribution/custody platform), making it a strategic counterpart rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

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

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors1 record

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 Bank Se