DEWB: Neobroker nextmarkets receives $30 million in Series B funding round (english)

    DEWB: Neobroker nextmarkets receives $30 million in Series B funding round

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DGAP-News: Deutsche Effecten- und Wechsel- Beteiligungsgesellschaft AG / Key
word(s): Investment/Financing
DEWB: Neobroker nextmarkets receives $30 million in Series B funding round

04.03.2021 / 09:03
The issuer is solely responsible for the content of this announcement.

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  * The financing round is led by existing investors Alan Howard and
    Christian Angermayer with his Cryptology Asset Group. German investors
    such as DEWB are also among the investors.

  * Since going live in 2018, the innovative FinTech company from Cologne
    has grown at an average rate of 207% (CAGR), executing well over one
    million securities transactions in 2020.

  * The neobroker, which enables private investors commission-free trading
    via the stock exchange in over 7,000 stocks and 1,000 ETFs, is now
    active in eight European countries.

  * With the additional capital, nextmarkets will drive its expansion in
    Europe and further develop its product offering.

Cologne, 4th March 2021. 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.

About Nextmarkets
Nextmarkets is Europe's commission-free neobroker. In addition to truly
commission-free trading of shares and ETFs for EUR0 via the stock exchange,
the FinTech company boasts an advanced, highly flexible proprietary
technology platform, as well as an extensive set of hard-to-get licenses and
regulatory approvals, giving it full control over its own product and
flexibility to innovate in ways that other online brokers cannot. The
platform also hosts professional investors, so-called coaches, who generate
up to 300 curated investment ideas for users every month - free of charge
and in real time. Nextmarkets, with offices in Cologne, Lisbon and Malta,
currently employs a team of 39 and is backed by leading venture capitalists
such as Peter Thiel, Christian Angermayer, Founders Fund, Axel Springer,
Falk Strascheg, DEWB and the publicly listed FinLab AG.

Press contact:
nextmarkets AG
[e-mail]
Phone: [phone]


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04.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Financial/Corporate News and Press Releases.
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   Language:       English
   Company:        Deutsche Effectenund WechselBeteiligungsgesellschaft AG
                   Fraunhoferstraße 1
                   07743 Jena
                   Germany
   Phone:          [phone]
   Fax:            [phone]
   E-mail:         [e-mail]
   Internet:       www.dewb.de
   ISIN:           DE0008041005, DE000A11QF77
   WKN:            804100, A11QF7
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Basic Board), Hamburg, Munich, Stuttgart,
                   Tradegate Exchange
   EQS News ID:    1173018



   End of News    DGAP News Service
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1173018 04.03.2021

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