Today nextmarkets, the Cologne-based fintech startup, has announced closing a Series B funding round of approximately €24.9 million. The additional capital is intended to further accelerate the European expansion of the fintech company.
Founded in 2014, nextmarkets bills itself as ‘Europe’s commission-free neobroker’. In addition to truly commission-free trading of shares and ETFs for €0 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. 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.
So far, the fintech startup has 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. In 2020, the startup its presence from Germany and Austria, to six further countries – the UK, Portugal, the Netherlands, France, Spain and Italy.