“Germany, get ready. Depowise has arrived,” the fintech wrote on Linkedin on 6 March 2025. The startup, which was founded in Estonia in 2021, uses artificial intelligence to increase automation in the asset servicing sector and boost scalability. “Manual work, compliance headaches, outdated systems--we see the struggles. And we’re here to change the game.”

The company has also recruited Frank Becker as its head of solution engineering. Becker, who is based in Frankfurt, previously held the position of vice president, senior solution engineer at Blackrock. Before joining the investment company, where he worked for more than 12 years, Becker was business development manager at the IT services & consulting firm BSB (now Vermeg).

Depowise set foot in the grand duchy last year and in April 2024. “After many insightful discussions with key players in the German market, we’re more confident than ever that our product is the perfect fit,” she commented. “A warm welcome to Frank Becker--thrilled to have you on board! Let’s make it happen (and have fun along the way).”

The fintech offers a one-stop solution for depositaries, management companies and fund administrators to help “create order in cash flow, oversight and safekeeping.” Besides its offices in Tallinn and Luxembourg, Depowise is also present in London.