nextmarkets, the innovative and commission-free online broker, 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 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.“
Lead investor Christian Angermayer, who has invested via his stock-market-listed Cryptology Asset Group, adds:
“We are just at the very beginning of a new retail boom on stock markets. However, the crisis of confidence towards other neobrokers, in connection with the Gamestop phenomenon, has shown how important it is to choose the right partner. Nextmarkets is 100% transparent, stands completely on its own two feet including its own banking license, and offers true zero-commission trading in stocks, with no hidden fees and a very broad investment offering. Investors can also trade Bitcoin easily and conveniently with nextmarkets, of course.”
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.
Source: nextmarkets AG/ BETTERTRUST