As the persisting low interest rates environment in Europe goes on for at least another year, the market for companies that are offering quality investment advice continues growing. This is precisely the niche on which German fintech startup Nextmarkets is focusing.
The company aims to assist retail investors with their investment decisions in order to better manage their stock portfolios. Over a dozen of successful investment professionals are providing coaching sessions in real time and follow their analyses. The firm refers to its product as “Curated Investing.”
The venture is backed by the Hayden brothers which already have experience in the sector with ayondo.
Series A Funding Round
The Series A funding round of Nextmarkets is led by hedge fund manager Alan Howard, Axel Springer and other existing investors including none other but Peter Thiel. The latest batch of funds totals €6 million and coincides with the platform going live. Other investors who supported the venture are Falk Strascheg and the listed FinLab AG, Axel Springer Media for Equity GmbH and Crypto Asset specialist Cryptology Asset Group PLC.
The company received a seed round of €2.5 million in 2015 and has already received €3.5 million of its Series A in 2016, netting a total investment of €12 million. The company has recently acquired an operating license in Malta which will enable it to passport its services across the EU.
Commenting on the new, the founder and CEO of nextmarkets, Manuel Heyden, said: “With obtaining the license and going live we have taken a major milestone in our success story. From now on we will focus on dynamic growth in Europe and soon globally with our highly scalable, transactional business model.”
Initially, the firm has 14 investment professionals who analyze over 1,000 markets such as stocks, indices, foreign exchange and commodities. ETFs and cryptocurrencies are soon to be launched and real-time trading ideas on the web and mobile devices.
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