DGAP-News: FinLab AG

- Finlab holding, Deposit Solutions GmbH, acquires SAVEDO deposit portal

- The acquisition expedites the internationalization of Zinspilot's B2C business

Frankfurt am Main, 15.08.2017 - One of Finlab AG's (ISIN DE0001218063, Ticker: A7A.GR) largest holdings, Deposit Solutions GmbH, has just confirmed its acquisition of Berlin-based Fintech SAVEDO on August 10, 2017.

Having previously expanded its open banking platform with the addition of Zinspilot in September 2015, the merger with SAVEDO will now allow Deposit Solutions to expand its business in the B2C sector still further.

SAVEDO's more than 18,000 registered investors, 13 partner banks and two new foreign markets - Austria and the Netherlands - provides Deposit Solutions with a strong partner in the B2C sector.

Deposit Solutions' founder Tim Sievers is focused on internationalizing Zinspilot, which the acquisition of SAVEDO is aimed at advancing. SAVEDO is already available in several languages and possesses international expertise, technological know-how and a strong customer focus. Sievers underscored the fact that "the SAVEDO team has done an outstanding job and we are very much looking forward to working together with them".

SAVEDO founder Christian Tiessen is expecting significant added value for his clients and partner banks through the acquisition by Deposit Solutions GmbH, whose Zinspilot brand just broke the EUR 2 billion mark in brokered retail deposits. In addition to serving as SAVEDO CEO, going forward Tiessen will also assume responsibility for internationalizing B2C business at Deposit Solutions.

About FinLab AG:

Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A.GR) is one of the first and largest company builders and investors focused on the Financial Services Technologies ("FinTech") sector in Europe. FinLab focuses on developing German FinTech startups and providing venture capital for their financial needs, whereas in each case the aim is a long-term participation and ongoing support of the investment. FinLab also invests globally, as part of venture rounds, in FinTech companies, primarily in the USA and Asia.

Press contact:
FinLab AG
investor-relations@finlab.de
Tel.: +49 (0) 69 719 12 80 -0

About Deposit Solutions GmbH:
Deposit Solutions is a globally recognized FinTech company that is transforming the more than EUR 10 trillion deposit market in Europe. Its ground-breaking Open Banking platform allows banks to offer attractive third-party deposit products to their own clients with their existing accounts. As a result, bank clients can access best in class deposit offers without having to open a new account at another bank, and banks can gather deposits from across Europe without facing the need to build and operate their own deposit infrastructure.

Today, Deposit Solutions is already connecting banks across more than 10 European countries. In addition, the firm operates its own retail brand ZINSPILOT which markets select deposit offers of its partners directly to savers. Since its launch ZINSPILOT alone mediated more than 2 billion euros in deposits in less than 20 months, while adding more than 60,000 registered clients, making Deposit Solutions one of the fastest growing FinTech companies in the world. The company is headquartered in Hamburg, Germany, and now operates subsidiary companies with local offices in London and Zurich. Founded in 2011 by Dr. Tim Sievers, the firm today employs a first in class team of more than 120 highly qualified employees. Deposit Solutions so far has received EUR 25 million in venture capital funding from renowned international investors, among them Greycroft Partners, FinLab, e.ventures, Valar Ventures and Peter Thiel, and was valued at EUR 110 million in the last investment round in July 2016.

For further information please visit: www.deposit-solutions.com

Media contact:
Jaana Ijas CNC Communications
jaana.ijas@cnc-communications.com
+44 (0)20 3219 8825

Tom Climie, CNC Communications
tom.climie@cnc-communications.com
+44 (0)20 3817 9967