Upvest and Ginmon cooperate

The Berlin-based fintech and digital asset manager are working together to develop new ETF-based investment options, among other things.

Digital asset manager Ginmon is relying on Berlin-based fintech Upvest to develop a new customer platform. Through it, the Frankfurt-based company aims to provide its end customers with access to a wide range of ETF-based investment opportunities.

Ginmon was founded in 2014 and offers long-term investment opportunities to private customers in Germany, for example for retirement planning. At the same time, it has developed a white-label solution for fintechs and established companies that want to offer wealth management solutions to their customers in the EU. In turn, Upvest, founded in 2017 by Martin Kassing, aims to enable other fintechs to provide their end customers with access to the full range of investment opportunities. To this end, the startup has developed an investment interface. The fintech raised $42 million for its idea in the summer.

"We see demand for attractive investment options like ETFs continuing to grow in the face of persistently low interest rates, rising inflation and an ever-widening retirement gap," says Lars Reiner, CEO of Ginmon. By working with Upvest, they have now developed a scalable platform for long-term investment opportunities, he adds.