Fintech
Tomorrow the brokerage will migrate from Solaris to fintech lemon.markets
German fintech lemon.markets is entering the Brokerage-as-a-Service segment with its first banking partner, sustainable banking provider Tomorrow, via Solaris.
Tomorrow is migrating its securities offering from Solaris Bank to lemon.markets, which will cover the entire investment value chain for Tomorrow starting in August. The collaboration includes, in addition to the conclusion of all new securities transactions, also the migration of the securities accounts of existing Tomorrow customers.
Inas Nureldin, co-founder and co-CEO of Tomorrow, says: “We are very excited about the partnership with lemon.markets in which we see great potential for the further expansion of our investment offering. With this collaboration, we are also simplifying our investment setup by consolidating our services: instead of working with three partners as before, lemon.markets covers all services for us.”
Tomorrow currently offers “Tomorrow Better Future Stocks”, a sustainable investment fund in line with the Paris Agreement.
After obtaining its license as an investment company from German regulator BaFin in January, lemon.markets it went live in March, offering its white-label solution to financial services providers and fintechs, providing them with the regulatory, operational and technological infrastructure to process securities transactions via an investment API.
BNP Paribas is on board as custodian, responsible for processing all transactions, while Deutsche Bank processes payments between lemon.markets and its end users. Meanwhile, Tradegate Exchange will offer investors access to a range of financial instruments
After launching its first ETF offering with initial partner beatvest, licensed investment firm BaFin is further expanding its financial instruments portfolio with funds from B2B WealthTech AllFunds.
Max Linden, CEO and founder of lemon.markets, says: “With Tomorrow as our first banking partner and the collaboration with Allfunds to launch our second product after ETFs, we are sending a clear signal to the market. We support traders banking with our modular infrastructure to enable customized investment solutions. With strong product providers like Allfunds at our side, we constantly develop our offering in line with the needs of our partners. We offer the infrastructure that allows simple and efficient access to a wide range of investment products.”