Depowise is a newcomer to the LHoFT. Co-founder and CCO Artur Reiter tells us more about the company.
Can you pitch your startup in a few words?
Depowise isn’t just another name in the European asset servicing industry – we’re here to shake things up. Our all-in-one, no-code solution is all about streamlining oversight and safekeeping. We’re on a mission to transform the sector, and it’s no surprise that so many are excited to partner with Depowise.
Why did you decide to create this company?
Well, as founders, we saw a clear gap in the asset servicing tech world. Sven Peekmann, Mait Poska, and I felt that it was time to bid farewell to the era of Excel-dependency. The industry deserved a sophisticated, foolproof system to safeguard and oversee trillions of assets. Depowise was born from this vision, marrying innovation with necessity.
What are your product(s)/service(s) and your business model?
At Depowise, we’ve adopted a subscription model, and what we offer is a ready-made, deployable product. Our modular design caters to a diverse range of market players. Whether you’re a depositary, management company, or fund administrator, Depowise provides a tailored, out-of-the-box solution.
How is your offering different from your competitors and other market players?
Depowise has a unique edge that sets us apart. We are literally light years ahead of competitors with our no-code, all-in-one platform, ready to roll from day one. Our emphasis on easy implementation means businesses can seamlessly elevate their asset servicing game.
Why did you decide to join the LHoFT and, by extension, the Founders Club?
Joining LHoFT was a no-brainer for us. It’s the beating heart of FinTech in Luxembourg, a major asset servicing hub. Coming from our Estonian roots, we knew that succeeding here requires the unbeatable network and support that LHoFT greatly provides. Their backing has been instrumental in our journey, helping us secure a number of our 17 major clients, including some of Luxembourg’s top players.
What’s next?
Depowise’s journey in Luxembourg has been nothing short of meteoric, but it’s just the beginning. As we strengthen our base in Luxemburg, Europe is calling, with London and Dublin on our radar. However, our vision is global. Singapore and Hong Kong offer the same potential as Europe. For our customers, having Depowise’s presence in Asia isn’t just a bonus—it’s a necessity.
