Xaver's current endeavors with his Bafin authorization
Xaver, a German fintech company founded in 2023, is making waves in the European financial sector. The company, led by CEO Max Bachem, has recently secured a financing round of five million euros and is now focusing on the upcoming federal government's promised early retirement scheme.
One of Xaver's key objectives is to offer Pan-European Private Pension Products (PEPP), also known as European pensions. The company has already taken a significant step forward in this regard, becoming the first German company to file as a PEPP provider. This strategic move secures a first-mover advantage in cross-border European markets with favorable regulatory frameworks.
To achieve this, Xaver has partnered with Upvest, a strategic partner that enables an end-to-end digital platform for launching pension and investment products, including PEPP offerings. This partnership allows financial institutions to launch these products quickly, in weeks rather than months, through API-first infrastructure supporting onboarding, custody, portfolio management, and servicing.
Besides PEPP, the platform supports a modular suite of modern pension solutions tailored to diverse customer needs, such as children's depots, reinvestment products for retirees, and wealth transfer solutions. Xaver's focus is on cost-efficient and flexible products, especially to attract younger customers.
Xaver's PEPP initiative is currently in an advanced implementation phase. The company is actively pursuing the success of PEPP, positioning itself well for market success. No recent information suggests any delays or setbacks with Xaver’s PEPP initiative.
In addition to PEPP, Xaver is also considering expanding its customer base with financial products through embedded finance. The company is looking for a trustworthy partner for embedded finance and plans to offer fund-based policies and ELTIFs for its customers. However, finding a suitable partner is identified as the biggest hurdle for Xaver's embedded finance plans.
Lars-Thorben Niggehoff, the founder of Xaver and a freelance journalist, contributes to several prominent German publications, including Brand Eins, Capital, Welt, and Wirtschaftswoche. He writes about financial topics, SMEs, and the real estate market.
As Xaver continues to grow and innovate, it is poised to make a significant impact in the European financial sector, particularly in the pension and investment markets. With a focus on digital innovation, regulatory compliance, and customer-centric solutions, Xaver is well-positioned for success in the coming years.
- By partnering with Upvest, Xaver, of which Max Bachem is the CEO, aims to expand its business into embedded finance, offering fund-based policies and ELTIFs to its customers, despite finding a suitable partner being the biggest hurdle in this endeavor.
- In addition to PEPP, the company's primary focus, Xaver is also planning to diversify its finance investing portfolio, leveraging technology to deliver a modular suite of modern pension solutions that cater to various customer needs, such as younger customers who prefer cost-efficient and flexible products.
