Asset manager joins Moonfare

Fidelity International buys ten percent of the Berlin-based company and enters into a strategic partnership. The fintech could gain a lot of new customers as a result.

Berlin-based fintech Moonfare has a new partner: according to Handelsblatt , asset manager Fidelity International is acquiring around ten percent of the start-up and the two companies are also entering into a strategic partnership. Thanks to this, Fidelity clients will have access to Moonfare's offering.

"We are experiencing high demand for alternative investments outside of the traditional equity and bond markets," Christian Staub, Managing Director Europe at Fidelity International, told the Handelsblatt. Moonfare has such alternative investments in its portfolio. Private investors can invest in a good two dozen private equity funds via the start-up's platform. While entry into such funds is normally linked to very high minimum amounts, Moonfare customers can get involved for "just" 50,000 euros. The sales partnership is set to begin in April 2021.

Moonfare was founded in 2016. According to co-founder and CEO Steffen Pauls, assets under management amounted to 530 million euros at the end of 2020. Around 100 people currently work for Moonfare, and the start-up now wants to double this number thanks to the Fidelity partnership.