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BERLIN (Reuters) - Deposit Solutions, a German fintech firm backed by Silicon Valley investor Peter Thiel, is launching its savings portal in the United States as it seeks a slice of the $16 trillion market for deposits in the world’s biggest economy. Slideshow ( 2 images ). The nine-year old startup’s platform will enable savers to build a portfolio of deposits, while banks can broaden their funding sources without having to go through a broker, CEO and founder Tim Sievers told Reuters on Tuesday. Deposit Solutions, a tech ‘unicorn’ based in Hamburg, has mediated $30 billion in deposits so far in Europe, where more than 150 banks from 20 countries operate on its platform. And, even in a t... Full story

29 September