The fintech Qplix offers asset management software. According to media reports, Deutsche Bank is investing in the Munich-based company.
As reported by the fintech industry service Finanz-Szene.de together with Startupdetector.de, Deutsche Bank has acquired a stake in Qplix. The major bank now holds 18 percent of the shares in the Munich-based company, according to the report. The asset management software of Fintechs is aimed, among others, at family offices. According to Finanz-Szene.de, this is apparently the young company's first external capital raise.
According to the commercial register, the company recorded an annual loss of €635,280 in 2018. In previous years, the loss was €482,273 and €295,626, respectively. Since its founding, the company has recorded a total loss of €1.58 million. Finanz-Szene.de has no information on the amount of the investment, but estimates a "low seven-figure sum" given Qplix's cash burn.
Qplix manages 50 billion euros
Qplix was founded in 2012 by Kai Linde, Philipp Pötzl, and Mathias Lindermeir. The three founders previously worked at a German family office. The fintech claims to manage more than €50 billion from family offices, wealth managers, asset managers, foundations, funds, and administrators. The company describes its vision as creating a "highly flexible financial platform" that "empowers decision-makers to make better decisions faster."
