The automotive division of BMW offers a wide variety of automobiles, including sedans, coupes, convertibles, SUVs, and electric cars, under the BMW, Mini, and Rolls-Royce brands. Every car is expertly designed, combining state-of-the-art technology with dynamic performance and opulent comfort. Popular models like the BMW X3, X5, and X7 SUVs, the electric BMW i3 and iX models, and the BMW 3 Series, 5 Series, and 7 Series sedans are all part of the company’s line-up.

BMW is known not only for its automobiles but also for its high-performance motorcycles, which it sells to enthusiasts in the form of the BMW S 1000 RR and R 1250 GS. Furthermore, BMW has advanced the field of electric mobility significantly with its BMW i sub-brand, which sells plug-in hybrid and electric cars made to satisfy the rising demand for environmentally friendly modes of transportation.

Beyond the products it sells, BMW is dedicated to developing automotive technology through R&D projects centred on electrification, connectivity, and autonomous driving. The company’s attempts to lower emissions, increase fuel economy, and incorporate renewable energy sources into its production processes demonstrate its commitment to sustainability.

Moreover, BMW is a global brand that is present in more than 140 countries and is known for producing high-end automobiles that represent the pinnacle of driving pleasure. BMW is at the forefront of the automotive industry thanks to constant innovation and an unwavering commitment to quality. Its forward-thinking approach and unwavering commitment to excellence are shaping the future of mobility.

The brain behind this successful venture is 60-year-old Oliver Zipse, a German business executive who has been the chairman of the board of management (CEO) of BMW since 16 August 2019.

Who Is Oliver Zipse?
• Oliver Zipse was born on 7 February 1964, Heidelberg, West Germany
• He graduated in 1991 with a degree in mechanical engineering
• Oliver Zipse also graduated from the Kellogg-WHU Executive MBA Programme, which is a joint MBA degree from Kellogg School of Management, United States and WHU – Otto Beisheim School of Management, Germany in 1999
• In 1991, he joined BMW, as a trainee in development, technical planning and production, and spent his entire professional life at the company
  Oliver Zipse worked as a project engineer in technology development, from 1992 to 1994
• He held various leadership positions in development, production and production planning in Munich and South Africa
• Oliver Zipse was appointed to the board of management of BMW AG, succeeding former chairman Harald Kruger in 2015
• In July 2019, he was appointed chairman of the board (CEO), effective 16 August 2019
• Under Oliver Zipse’s leadership, BMW increased their joint venture with BMW Brilliance in China
• According to the Listofceo website, as of 2023, Oliver Zipse’s net worth can be in the range of USD 25-35 million
• Under Oliver Zipse’s Able Leadership, BMW Enters The EV Domain

BMW has extended Oliver Zipse’s contract and he will now continue to serve as the company’s Chairman of the Board of Management (CEO) until 2026.

Norbert Reithofer, Chairman of the Supervisory Board of BMW, praised Oliver Zipse’s leadership, while noting that the CEO successfully guided the company through turbulent times. Martin Kimmich, Chairman of the General Works Council of BMW, highlighted the positive cooperation between the Board of Management and the Works Council, affirming that this productive partnership would continue under Zipse.

In fact, under Oliver Zipse’s leadership, the BMW Group has significantly expanded its electric vehicle lineup, offering fully electric models across nearly all of its core vehicle segments. Also, the development of the Neue Klasse, the next generation of BMW models, has commenced, with production slated to commence in 2025.

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Companies can develop and flexibly manage their own banking and payment solutions by simple Application-Programming-Interface (API) integration of the ONPEX solution.

ONPEX’ BaaS platform enables banks, PSPs and ISOs to accelerate international expansion and optimise services thanks to the platform’s greater flexibility, far-reaching scalability, and innovative banking and payment capabilities. The total value of global cross-border B2B transactions is expected to reach approximately $218 trillion by 2022. Focusing on this international and growing market, ONPEX has created a BaaS platform to help companies of all sizes and industries reach their full potential and meet ever-increasing demands by sorting and automating their cash flows.

“With FinLab AG, we are pleased to have gained yet another strong investor who will support us with its network and know-how in the upcoming scaling phase,” says Christoph Tutsch, founder and CEO of ONPEX.

As a professional investment firm, FinLab focuses on new, disruptive business models in the fintech sector. To do so, the firm relies on an experienced team of investors alongside its shareholders, who bring a wealth of knowledge to the table, both in the financial services and technology sectors.

Stefan Schütze, Board Member at FinLab, explained the recent investment: “There is a clear gap in the product offering of traditional banks and other payment service providers. These providers often do not have API-based IBAN accounts and no capabilities to automate payments which are critical to the scalability and growth of companies with digital business models. ONPEX has recognised this gap. The business supports companies with its BaaS solution, providing multi-currency IBAN accounts and a flexible account structure. The BaaS platform’s integrated micro-service architecture and cloud-based infrastructure, with its integrated APIs, also enables automation of payment with remarkable benefits that help companies improve their scalability.”

“Besides supporting financial institutions such as e-money and payment institutions, ONPEX also helps non-regulated companies, such as marketplaces and corporates, simplify the management of their funds and payments in environments where compliance requirements are increasing. In addition, ONPEX’ ability to manage multiple currencies within an account is particularly interesting for multinationals. With ONPEX, we are investing in a team that shares this vision and meanwhile has the know-how to realise such a platform technically, legally and to the highest quality standards. We invest in intelligent platform-technologies; in this way, ONPEX is ideally suited for our investment.”

ONPEX is licensed and supervised as a payment institution by the Luxembourg CSSF and operates in accordance with its regulatory, technical, and reporting requirements.

The founder and managing director, Christoph Tutsch, is supported by CFO, Jürgen Schneider, CTO, Germàn Fuentes Capella and the rest of the 39-strong team of experts. With locations in Luxembourg and Munich, ONPEX has also already received numerous awards, including the Fintech Excellence Award.

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