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• ����ý selects BNP Paribas Securities Services for securities custody, clearing and settlement services.
•  ����ý will benefit from BNP Paribas Securities Services’ access to a wide network of central securities depositories and the bank‘s clearing and settlement services across asset classes.
• BNP Paribas Securities Services increases its footprint among fintech clients.

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Berlin, September 15, 2022. ����ý has selected BNP Paribas Securities Services to provide custody, clearing and settlement services. Recently, ����ý successfully closed its $42m Series B financing with lead investor Bessemer Venture Partners - one of Germany's biggest fintech fundings of the year. The selection of BNP Paribas Securities Services as global custodian now marks another key milestone in ����ý's history.

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As part of this mandate, BNP Paribas Securities Services will provide ����ý with a custody account from which ����ý’s client positions can be booked with Central Securities Depositories (CSDs). As a global custodian, BNP Paribas Securities Services is connected to a wide network of CSDs, which will enable ����ý to get access to new markets more efficiently. ����ý’s business-to-business (B2B) clients can benefit from economies of scale and will be able to reduce operational costs and complexity. 

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For BNP Paribas Securities Services, the collaboration with ����ý increases the company’s footprint among fintech clients. This demonstrates BNP Paribas Securities Services' ability to service different kinds of customers from asset owners and asset managers to fintechs such as ����ý. 

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“With BNP Paribas Securities Services, we have partnered with a leading global custodian, allowing us to offer our B2B clients a state-of-the-art intermediary that is experienced with all use cases possible. Our cooperation will fundamentally ease the complex and time-consuming efforts of connecting B2B clients’ assets to CSDs”, says Christian Schäfer, Managing Director at ����ý. “Working in our B2B client processing will facilitate our growth strategy, as BNP Paribas Securities Services covers more than 90 markets around the world and nearly all currencies.”

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Thorsten Gommel, Head of Germany, Austria, Netherlands and Nordics at BNP Paribas Securities Services: “We’re delighted to partner with ����ý’s team on their vision to develop one of the most transformative platforms in fintech infrastructure. With our experience in custody services and capital markets and ����ý's API technology, we can strengthen the intersection of banking and tech and accelerate the development of innovative fintech solutions. We’re proud to support ����ý’s team on their impressive growth journey.”

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����ý's cloud-based core banking system delivered via the Investment-API is a substantial growth driver for neobanks and brokers, as well as established banking players. The cooperation with BNP Paribas Securities Services is a key milestone for ����ý to become the technological backbone for all fintechs that want to provide their end-customers with reliable and secure access to capital markets.