Ride Capital Raises €3M in Funding


Ride Capital, a Berlin, Germany-based fintech startup, raised €3m in funding.

Backers included Lea-Sophie Cramer, Verena Pausder, and angel investor and professional football player Mario Götze.

The company, which has raised a total of €8m since its foundation, intends to use the funding to accelerate its growth and become a digital private bank.

Co-founded by Christine Kiefer and Felix Schulte, Ride Capital develops software and platform solutions in the field of wealth structuring for private investors. With services such as wealth structuring, provision of a tax advisor platform, and automated securities booking, the company has taken the initial steps towards becoming a digital private bank. The first building blocks are a free RIDE business account (in cooperation with the banking-as-a-service platform Swan) and investment opportunities in alternative assets.

So far, Ride has served more than 1,200 customers with a total of €250 million in assets under administration since the launch of the platform in September 2020.