FinLab AG: FinLab holding nextmarkets receives $30 million in Series B funding round

DGAP-Media: FinLab AG: FinLab holding nextmarkets receives $30 million in Series B funding round

DGAP-Media / 04.03.2021 / 09:00

  • The financing round is led by existing investors Alan Howard and Christian Angermayer with his Cryptology Asset Group. German investors such as DEWB are also among the investors.
  • Since going live in 2018, the innovative FinTech company from Cologne has grown at an average rate of 207% (CAGR), executing well over one million securities transactions in 2020.
  • The neobroker, which enables private investors commission-free trading via the stock exchange in over 7,000 stocks and 1,000 ETFs, is now active in eight European countries.
  • With the additional capital, nextmarkets will drive its expansion in Europe and further develop its product offering.

Frankfurt am Main, 04/03/2021 - Nextmarkets - a portfolio company of publicly listed FinLab AG (WKN 121806 / ISIN DE0001218063 / Ticker: A7A) - receives $30 million in a Series B financing round. The additional capital is intended to further accelerate the European expansion of the FinTech company, which was founded in Cologne in 2014, and to establish nextmarkets as the leading neobroker in Europe. In addition to Germany and Austria, six further countries - the United Kingdom, Portugal, the Netherlands, France, Spain and Italy - were launched at the end of 2020. The financing round closes out a successful 2020 financial year for nextmarkets, in which the company was able to multiply all key KPIs such as the number of executed transactions, customer deposits, as well as the number of customers.

"We are very pleased about the great interest and trust of both new and existing investors. The growth potential is huge, and we are only at the beginning of a whole new era in which the stock market becomes fully democratized. With our unique coaching approach, we ensure that private investors not only trade fully commission-free, but above all become significantly more successful.", says CEO and co-founder Manuel Heyden. His brother Dominic Heyden, co-founder and CTO continues, "We are particularly proud of the fact that with fewer than 40 employees, we have in record time built an online broker active in eight European markets, built top-to-bottom on our own technology and with a comprehensive regulatory framework."

Nextmarkets will invest the capital primarily into further development of the platform and further customer growth. "Our product pipeline is full of innovations and we can't wait to make them available to our customers," says Manuel Heyden, describing the growth phase that now lies ahead.

FinLab board member Juan Rodriguez adds: "As nextmarkets' first institutional investor and long-time supporter, we are very pleased to welcome the new investors. We believe that nextmarkets, with its proprietary 100% in-house technology, extensive own banking licenses, expert-curated investing approach and existing strong scalability of the business model, offers an excellent platform for investors as well as customers."

About Nextmarkets:
Nextmarkets is Europe's commission-free neobroker. In addition to truly commission-free trading of shares and ETFs for €0 via the stock exchange, the Fintech company boasts an advanced, highly flexible proprietary technology platform, as well as an extensive set of hard-to-get licenses and regulatory approvals, giving it full control over its own product and flexibility to innovate in ways that other online brokers cannot. The platform also hosts professional investors who generate up to 300 curated investment ideas for users every month - free of charge and in real time. Nextmarkets, with offices in Cologne, Lisbon, and Malta, currently employs a team of 39 and is backed by leading venture capitalists such as Peter Thiel, Christian Angermayer, Founders Fund, Axel Springer, Falk Strascheg and the publicly listed FinLab AG.

Press contact:
nextmarkets AG
Phone: +49 (0)221 89 25 90 07

About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker: A7A) is one of the first and largest investors focused on the Financial Services Technologies ("FinTech") and blockchain sector in Europe. FinLab focus in this context is providing venture capital for start-ups. FinLab's aim is a long-term participation and ongoing support of its investments. FinLab in this regard supports its investments in their respective development phase with their network and know-how. In addition, FinLab acts as an asset manager and manages assets in the three-digit million-dollar range.

Press contact:
FinLab AG:
Phone: +49 69 719 12 80 0

End of Media Release

Issuer: FinLab AG
Key word(s): Enterprise

04.03.2021 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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