Berlin based BaaS provider for the investment industry raised $42m in Series B funding led by Bessemer Venture Partners.
“I would have said that in the last three years one of our main competitors would have been the big fintechs that are building things themselves,” Kassing tells Sifted. “But that’s changing now because the whole market is turning and they’re outsourcing more. So the trend for us in the next two or three years is reducing costs for them with our offering and enabling them to create steady revenue.”