Depowise, a fintech company from Estonia, is expanding into Germany. The company’s aim is to become the AI-driven backbone of next-generation asset servicing in one of Europe’s most sophisticated financial markets, with a total volume of €4 trillion.
“Germany is home to one of Europe’s largest and most demanding asset servicing landscapes. Institutions here need a high-performance engine to navigate regulatory demands, operational complexity, and rapid scaling,” said Artur Reiter, Co-Founder and Co-CEO of Depowise. “That’s exactly what Depowise delivers—an AI-powered solution designed to drive the industry forward.”
“It’s like upgrading from a typewriter to a high-performance computer paired with Artificial Intelligence — faster, more efficient, and significantly more convenient.”
Frank Becker, Head of Solution Engineering at Depowise
The company has appointed Frank Becker, former VP at BlackRock for the eFront Private Markets solution suite, as Head of Solution Engineering to accelerate this mission. He will spearhead solution engineering efforts and act as a key partner for German financial institutions, reinforcing Depowise’s presence in the German-speaking market.
“We are thrilled to welcome Frank Becker to our team,” said Sven Peekmann, Co-Founder & Co-CEO. “With him in the driver’s seat of our German expansion, we are confident Depowise will become the go-to engine for asset servicing automation in the region.”
Former BlackRock VP helps Depowise to expand in Germany
With two decades of experience in various roles across asset servicing, portfolio, and asset management technology, Frank Becker brings a wealth of expertise to the company. At BlackRock Solutions, Mr. Becker successfully drove high-value enterprise deals and expanded market reach across EMEA, focusing on Nordics, German-speaking DACH and the Middle East region.
He led strategic solution engineering initiatives and optimised internal processes. Before the BlackRock acquisition, as Managing Consultant at eFront, he played a pivotal role in expanding Germany’s customer base, more than doubling the number of serviced clients. His deep industry knowledge and experience in software solutions and implementation projects will be instrumental in driving standardisation and scalable growth for Depowise, strengthening its position in the market.
In June 2024 Depowise expanded into the United Kingdom and Ireland. Today, Depowise has customers across nine European jurisdictions, including financial hubs such as Luxembourg, the UK, Switzerland, the Netherlands, and Sweden.
“The asset servicing industry is at a turning point, and technology will define its future,” said Frank Becker. „It’s like upgrading from a typewriter to a high-performance computer paired with Artificial Intelligence — faster, more efficient, and significantly more convenient,” he explained.
“Depowise has developed a truly innovative solution that eliminates longstanding inefficiencies in the industry. It natively leverages AI capabilities for unstructured documents, data, and process automation, and I’m excited to introduce this technology to the German market. Our capabilities help firms unlock data-driven insights and enable new automation routines around processes, oversight, and compliance in line with regulatory requirements,” added Becker.
GOOD TO KNOW
- Founded three years ago, Depowise is growing and expanding across markets and service segments. In 2024, the company achieved 200% YoY revenue growth and doubled its team to meet increasing demand.
- Depowise has customers across nine European countries. Germany represents the next pivotal milestone in Depowise’s expansion.
- Trusted by the largest banks and financial institutions, its solution safeguards over €1.5 trillion in serviced assets globally.
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