November 18th, 2024
The founder-led Wealth Tech company QPLIX, a leader in wealth management software for family offices and private banks, has secured funding from tech investment firm Partech via its Growth Fund. The investment of over €25 million will support the company's growth objectives and facilitate the implementation of its international expansion plans. As a result, Partech has become an investor alongside Deutsche Bank, with both holding collectively a minority stake.
Building on Partech's expertise in scaling international software companies, this partnership will support expansion into key markets such as France, Switzerland, the United Kingdom, as well as the Middle East and the APAC region.
"Partech's global network and extensive expertise make them the perfect partner for realising our vision of international market leadership in the Wealth Tech sector," says Kai Linde, Co-CEO of QPLIX. "With Partech and Deutsche Bank, we are very well positioned to expand into new markets."
"QPLIX sets the gold standard for family offices, asset managers, and private banks, particularly through its expertise in illiquid assets, top-tier service and security standards," adds Andrew Whiting, Partner at Partech. "We are excited to support QPLIX in accelerating their investments into new markets and further expanding the platform."
Since 2019, Deutsche Bank has been a key partner to QPLIX as its first external shareholder. The bank utilizes QPLIX as an innovative portfolio management system to external asset managers, which has been jointly devised by both partners. This collaboration has also led to a new offering for the bank's wealth management and UHNW (Ultra High Net Worth) clients, providing them with enhanced transparency in their financial matters across different banks. QPLIX-based solutions are also used in the bank's family office services, Deutsche Oppenheimer FamilyOffice AG.
"The investment of Partech marks another significant milestone in the successful journey of QPLIX. The international expansion of QPLIX opens up new opportunities and services for our clients," says Frank Schriever, Vice Chairman Deutsche Bank Private Bank.
Profound Insight into Client Needs and High-Quality Products
With a deep understanding of the needs of their clients, including single- and multi family offices, asset managers, private banks, and institutional investors, QPLIX enables comprehensive asset management through the integration of all asset classes,
powerful analytical tools, and highly customisable reporting. An integrated order engine supports the entire portfolio lifecycle.
QPLIX has built a strong reputation based on the quality of its product, its commitment to agile continuous development and its excellent consulting services.
About QPLIX
QPLIX develops and operates a leading software solution for the successful digital management of complex portfolios. Its clientele includes single- and multi-family offices, foundations, investment funds, asset managers, institutional investors, and private banks from across the EMEA region. The QPLIX platform provides comprehensive coverage of both liquid and illiquid asset classes as well as diverse client structures, consolidating all investment data into a powerful database. The software enables users to perform real-time analyses at any time, whether through the robust core application, the customised client portal, or the app. Additionally, QPLIX is responsible for its own IT infrastructure and security, proving itself to be a trusted partner. This is evidenced by the more than 300 billion euros in assets currently managed on the platform.
QPLIX GmbH was founded in 2012 by Kai Linde, Philipp Potzl and Mathias Lindermeir and is headquartered in Munich, Germany. The team currently comprises over 120 development and financial experts.
About Partech
Partech is a global tech investment firm headquartered in Paris, with offices in Berlin, Dakar, Dubai, Nairobi, and San Francisco. Partech brings together capital, operational experience, and strategic support to back entrepreneurs from seed to growth stage. Born in San Francisco 40 years ago, today Partech manages €2.5bn AuM and a current portfolio of 220 companies, spread across 40 countries and 4 continents.
About Deutsche Bank
Deutsche Bank offers a wide range of financial services, including payment processing, lending, investment advisory, and asset management, as well as specialized capital market services. The bank serves private clients, small and medium-sized enterprises, large corporations, public sector entities, and institutional investors. Deutsche Bank is Germany's leading bank with strong European roots and a global network.
Press Contact QPLIX:
Name: Jill Stcibe
Phone: +49 89 9982716 90
Mail: jill.staebe@qplix.com
NuBbaumstraBe 12
80336 Munchen
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