Abstract:German neobroker Nextmarkets has secured new funding from Apeiron Investment Group to finance its organic growth and a series of acquisitions, after FinLab and Samara Asset Group indicated their intention to liquidate the company. The exact size of the investment has not been disclosed, but it is believed to be around €10m ($11.9m). Nextmarkets will use the funds to expand its existing offering and focus on international growth.
Investment Group to finance the company's organic growth and a series of acquisitions. The investment comes just weeks after large shareholders, fintech investment firm FinLab and crypto tech investor Samara Asset Group, indicated their intention to liquidate the company. Apeiron, which is owned by investor Christian Angermayer and previously invested in Nextmarkets via Cryptology Asset Group, has also invested in social trading-focused online broker NAGA Group. While the exact size of the investment was not disclosed, sources indicate it is approximately €10m ($11.9m).
Nextmarkets plans to use the new capital to expand its existing offering, with a strong focus on international expansion, and to make acquisitions that align with its strategic goals. The company was founded in 2014 by brothers Manuel and Dominic Heyden, with the aim of becoming one of the leading commission-free brokers in Europe. Manuel Heyden previously founded social trading-focused broker Ayondo and ran it as CEO until 2013. He is currently the CEO of Nextmarkets, while Dominic acts as CIO and CTO.
German neobroker Nextmarkets has secured a new funding round from Apeiron Investment Group to finance the company's growth and acquisitions. The investment comes after large shareholders, FinLab and Samara Asset Group, indicated their intention to liquidate the company. Apeiron, which previously invested in Nextmarkets via Cryptology Asset Group and has also invested in social trading-focused online broker NAGA Group, has not disclosed the exact size of the investment, but sources suggest it is approximately €10m ($11.9m).
With the new funding, Nextmarkets plans to expand its existing offering, focusing on international expansion and strategic acquisitions. The company was founded in 2014 by Manuel and Dominic Heyden, with the goal of becoming a leading commission-free broker in Europe. Manuel Heyden previously founded social trading-focused broker Ayondo and is currently the CEO of Nextmarkets, while Dominic acts as CIO and CTO. The company holds a portfolio management license and a securities trading bank license, among other regulatory licenses.
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