Digital Overhaul

Deutsche Bank Invests in Fintech Trust Bills

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Deutsche Bank will acquire a stake in Hamburg-based firm Trust Bills. Picture source: DPA

Deutsche Bank is set to expand its technological footprint by buying in to Hamburg-based financial technology firm Trust Bills, Handelsblatt has learned.

Germany’s biggest bank plans to acquire a 12.5-percent stake in the startup that was founded by Jörg Hörster two years ago. Trust Bills allows short-term investors to connect to receivable sellers and aims to become the first international market platform for trade receivables.

Deutsche Bank and Trust Bills did not disclose the financial details of their transaction.

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