Asset manager joins Moonfare

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

Berlin-based fintech Moonfare has a new partner: asset manager Fidelity International is acquiring around ten percent of the start-up, according to Handelsblatt

, and the two companies are also entering into a strategic partnership. Thanks to this, Fidelity's clients will have access to Moonfare's offering.

"We sense a high demand for alternative investments away from the traditional equity and bond markets," Christian Staub, Managing Director Europe at Fidelity International, told Handelsblatt

. Moonfare has such alternative investments in its portfolio. Via the start-up's platform, private investors can invest in a good two dozen private equity funds. While the entry into such funds is usually linked to very high minimum sums, Moonfare customers can be part of it for "only" 50,000 euros. The distribution partnership is scheduled to start as early as April 2021.

Moonfare was founded in 2016. According to co-founder and CEO Steffen Pauls, assets under management stood at 530 million euros at the end of 2020. Currently, around 100 people work for Moonfare, a number the start-up now aims to double, thanks in part to the Fidelity partnership.