FinLab AG: FinLab portfolio company increases it's company value to over EUR 100 million

FinLab AG  / Key word(s): Investment

20.07.2016 16:16

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
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FinLab portfolio company increases it's company value to over EUR 100 million

Frankfurt/Main, 20 July 2016 - FinLab holding Deposit Solutions GmbH has raised further EUR 15 million from international venture funds. FinLab AG (WKN 121806/ISIN DE0001218063 / ticker symbol A7A) and Peter Thiel, PayPal co-founder and first outside investor in Facebook, have increased their stakes in the company. US investor Greycroft Partners, the e.ventures global growth fund and Valar Ventures have come on board as three new partners.

This most recent investment round increases the valuation of the Hamburg- based fintech company to over EUR 100 million - almost four times the valuation of FinLab's entry valuation in September last year.
FinLab board member Stefan Schütze comments: "With its strategic approach and technology, Deposit Solutions has the potential to completely disrupt the EUR 9 trillion European retail bank-deposit market. This is confirmed not only by the company's outstanding operational performance, but also by its huge increase in valuation in such a short time."
About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A) is one of the first and one of the largest company builders and investors focused on the Financial Services Technologies ("fintech") sector in Europe. FinLab focuses on developing German fintech start-ups and providing venture capital for their financial needs, whereas in each case the aim is a long-term participation and ongoing support of the investment. FinLab also invests globally, as part of venture rounds, in fintech companies, primarily in the USA and Asia.

Media contact:
FinLab AG
Kai Panitzki
investor-relations@finlab.de
Telefon: +49 (0) 69 719 12 80 - 0


20.07.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:     English
Company:      FinLab AG
              Grüneburgweg 18
              60322 Frankfurt/Main
              Germany
Phone:        +49 (0)69 719 12 80 - 0
Fax:          +49 (0)69 719 12 80 - 011
E-mail:       investore-relations@finlab.de
Internet:     www.finlab.de
ISIN:         DE0001218063
WKN:          121806
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt  
End of Announcement DGAP News-Service  

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