lemon.markets, a Berlin, Germany-based provider of a brokerage-as-a-service platform, raised 12M in funding.
Backers included CommerzVentures, Heliad, and its existing investors, including Creandum, Lakestar, Lightspeed and System.one. The fintech’s latest capital brings total funding to date to €28M.
The company intends to use the funds to accelerate the extension of its platform and launch new partners.
Led by Max Linden, Founder and CEO, lemon.markets is a SaaS platform that provides digital brokerage and custody infrastructure, enabling FinTechs, banks and wealth managers to offer the next generation of investment products including ETFs, Funds, and in the future, Stocks. The platform is designed in a modular way to be configured based on the partner’s use case, and with its API-first architecture significantly reduces integration time.
In the first half of 2024, lemon.markets achieved significant milestones: obtaining comprehensive BaFin licenses, onboarding their first partners, and continuous platform expansion. In January 2024, the company, which was founded in 2020, obtained the licenses to operate as an investment firm from BaFin. These licenses allow lemon.markets to provide contract broking, investment advice, financial portfolio management, financial commission business, proprietary trading, and custody business.
The solution is already available in Germany with plans to introduce more partners and products, eventually expand across Europe in 2025. It aims to open 100 million brokerage accounts within the next ten years.
FinSMEs
11/07/2024