Elinvar wins Klarwert as new partner

The Berlin-based start-up Elinvar and the subsidiary of Volksbank Bielefeld-Gütersloh will be cooperating in the area of wealth management in future.

Elinvar's Wealthtech platform can be used to manage all relevant investment processes. Klarwert, a subsidiary of Volksbank Bielefeld-Gütersloh, has now entered into a strategic partnership with the Berlin-based start-up.

Elinvar emerged from the Finleap incubator in 2016 and offers a white-label solution for banks and asset managers. The offering includes applications for core processes, such as customer management, online trade execution, support for personal advice, portfolio management, reporting, invoicing, online customer access and communication, as well as the connection of third-party service providers such as custodian banks and market data providers. The Berlin-based start-up only raised 25 million euros in January . "We are delighted to have gained our first cooperative partner in Klarwert," says co-founder and CEO Chris Bartz about the new cooperation.

Klarwert has been primarily responsible for the cooperative bank's asset management since January 2021 and, according to its own information, expects assets in the three-digit million euro range in the first quarter.

"The successful collaboration between our asset management subsidiary Klarwert GmbH and Elinvar is impressive proof of how profitable a cooperation between experienced portfolio managers and innovative technology partners can be for all parties involved," said Volksbank board member Ulrich Scheppan and announced: "That is why we will continue to expand our investments and cooperations with fintechs and start-ups in a targeted manner."