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Silverpine
Smart investment in exclusive collectibles
- 1-20 employees
- Fintech
- B2C
- Marketplace
- Cars
- Investing
- Mobile
- Haselhorst, Berlin, Germany
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Company mission
Silverpine is a fintech platform that provides access to unique collectible cars, traditionally only available to a select few. We provide our users with the platform to educate themselves on the history and financial data of collectibles. Then through fractional ownership, it allows them to extend their portfolio within these exciting asset classes.
Our take
Silverpine is an early stage fintech startup which allows users to invest in high value classic cars on its app. It’s entering a fairly new niche trend, where individuals have begun making micro investments in luxury products.
It’s also launched at an opportune time, as the classic car market has undergone a real boom in the last couple of years, aided by increased online auctions and disposable income. Silverpine’s differentiating factor is that it’s not targeted at the super wealthy, but at individuals who can take fractional ownership in an item they otherwise wouldn’t have access to. This model has already proven quite successful with US-based Rally Rd and UK-based The Car Crowd.
It’s a smart move, as fractional ownership helps investors mitigate many of the risks attached to classic car investment. Indeed, Silverpine purchases, insures, stores and maintains all their models in a secure location to nullify any potential risk and secure their value.
However, the company is not set on only offering cars on its platform. It has a very interesting and potentially lucrative aim to allow users to purchase fractions of multiple luxury assets, then trade these on a secondary market using blockchain.
Kirsty
Company Specialist at Welcome to the Jungle
Leadership
Benjamin Stelter
(Founder)Ben is the CEO and Founder of Silverpine. A former Boston Consulting Group Principal with over 10 years of experience across multiple industries.
Diversity, Equity & Inclusion at Silverpine
- Silverpine is building a diverse and inclusive team of highly talented individuals where everyone’s opinion is heard and valued. As a small team, we have full control and relentless ambition to make this a place where you love your work