Qplix, an Asset Management Fintech Company, Secures 25 Million in Financing

The French venture capital financier Partech is the second external investor in the Munich-based fintech company Qplix. The company offers software solutions for asset management. Qplix will receive a total of 25 million euros from Partech’s Growth Fund. This is according to a statement published on Monday, November 18th.

“We want to use the funds to drive our internationalization,” said one of the founders, Kai Linde, to Handelsblatt. “First and foremost, we have Europe in mind, especially Switzerland and Great Britain.” Linde continued: “In the longer term, Asia is also interesting for us because the number of family offices there is growing rapidly.”

Qplix offers software that enables managers of complex portfolios to bundle all of their portfolio data in one place and make it usable. This applies not only to exchange-traded assets, but also to investments such as real estate or vintage cars. This enables, among other things, evaluations of the performance and risk content of the assets under management.

Deutsche Bank also invests in fintech comapny Qplix

The software is used primarily by family offices, i.e. companies that manage a family’s large private assets, multi-family offices that work for several wealthy families, but also asset managers and private banks. Qplix’s customer base includes the Plattner Family Office, the asset manager Netfonds, Berenberg Bank and Deutsche Bank. Deutsche Bank has also had a stake in Qplix since 2019.

Partech is one of the best-known French venture capital investors in the technology sector, such as hardware and software, digital brands, internet and e-commerce. The investor is experienced in internationalizing software companies.

“We are seeing growing interest outside of Germany,” says Qplix co-founder Linde. The start-up already serves international customers. Of the total asset portfolios worth around 300 billion euros managed on the platform, he estimates that 30 percent come from abroad.

“So far, these are customers who have heard of us and therefore approached us,” says Linde. With the fresh money, the company, which employs 120 people, now also wants to actively approach international customers.

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(Featured image by flyupmike via Pixabay)

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First published in Handelsblatt. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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