The Cologne-based fintech startup nextmarkets today announces the closing of its Series A financing round, in which, in addition to existing shareholders FinLab, Peter Thiel and Falk Strascheg, new investors Axel Springer, Cryptology Asset Group and British hedge fund manager Alan Howard are investing in total €6 million. After a seed round of €2.5 million in 2015 and the first part of the Series A round of €3.5 million in 2016, the second part of the Series A round, which totals €9.5 million, has now been completed. Nextmarkets recently announced that its subsidiary nextmarkets Trading Limited has obtained a banking license in Malta.
Founded in 2014, nextmarkets is dedicated to help private investors to operate more successfully and effectively on the stock exchange. Users can be coached in real time by more than a dozen successful stock market professionals. For this purpose, a unique technology has been developed under the name of Curated Investing.
Also today, the company launched a real-money offer, which means customers can now open a real money account and participate in stock and soon in crypto markets in a completely new way via the innovative trading platform.
Manuel Heyden, founder and CEO of nextmarkets, emphasizes: “With obtaining the banking 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.”
With nextmarkets, private investors no longer trade on their own, but are provided with 14 investment professionals who permanently analyze over 1,000 markets such as stocks, indices, foreign exchange, commodities and soon also ETF and crypto currencies and provide the user with real-time trading ideas on the web or on the smartphone. This results in high quality market research, which can be followed at the touch of a fingertip.
“As an active investor, I always wonder who has the time to analyze the wide range of stocks and cryptos. Now I have my own investment professionals in my pocket and will be backed by them on the markets. If one of my coaches makes a profit in his bitcoin analysis, I do it on my account,” says Dominic Heyden, founder and CTO, describing the model that the two called “Curated Investing”.
With “ayondo”, the Heyden brothers had already founded a social trading platform before. In nextmarkets and Curated Investing, the two see the opportunity to “revolutionize” the market for equity and crypto research.