lemon.markets has raised an additional €12 million in funding.
Led by CommerzVentures, along with participation from Heliad AG and existing investors Creandum, Lakestar, Lightspeed, and System.One, the investment round is said to bring them one step closer to “providing the infrastructure for the next 100 million brokerage accounts.”
In January, lemon.markets said that they kicked off the year with a BaFin license in Germany to operate as an investment firm.
Supported by cooperations with Deutsche Bank, BNP Paribas, and Tradegate Exchange, they then officially launched their product in March “with the financial education app beatvest, enabling ETF investments for their B2C customers.”
A few weeks ago, they announced their partnership “with Tomorrow, marking our entry into the banking segment.”
This not only involves their first migration, but also “initiates the launch of mutual funds on their platform in collaboration with Allfunds.”
Having completed this funding round, lemon.markets says that they “are eager to continue our streak of milestones into the second half of 2024.”
As they look ahead, they’re excited “to accelerate the go-live of new partners, grow their team of lemoneers, and continue to expand and scale their platform – enabling investing across a variety of use cases, making capital markets truly accessible to everyone.”
lemon.markets has acknowledged the efforts of everyone who has been part of their journey so far – their investors for their continued trust, their partners for the collaboration, and their lemoneers for their passion and commitment that drive us every day.”
As noted by its management, lemon.markets is on a mission “to open 100 million brokerage accounts within the next ten years.”
Providing the infrastructure for FinTechs and Banks powering the next generation of investment products. Use the lemon.markets API to “launch a customer-centric and compliant investment product on your terms.”
They have experienced first hand “that brokerage infrastructure is broken. It’s a messy and complex problem that will take time to solve.”
They are focused on “enabling companies to build investment products, embed investing as a feature or bring investing into a new context.”
Their mission is to grow investing opportunities.