The Germany based fintech start-up, Nextmarkets Gmbh has announced that it has obtained Category 3 Investment Service License in Malta that will enable to start its services across Europe. At the same time, it also launched its services and now onwards, customers can open a real money account and trade in stocks and soon to be launched crypto markets in a new way via advanced and innovative trading platform.
It also announced the successful closing of Series A funding round that witnessed participation from British hedge fund manager Alan Howard, Axel Springer Media for Equity GmbH and Crypto Asset specialist Cryptology Asset Group PLC. The firm has raised €6 million in this latest round and a total of €9.5 million (first part of €3.5 million in 2016). The firm received seed funding of €2.5 million in 2015.
Investors participated in the earlier rounds include FinLab, PayPal co-founder Peter Thiel and Flak Stracheg.
Manuel Heyden, founder and CEO of Nextmarkets, commented:
“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”
Alan Howard added: “The nextmarkets team has built an impressive technology with its own banking platform. In combination with coming innovations, nextmarkets is set to have a lasting impact on the retail investment space.”
In Nextmarkets, private investors not allowed to trade on their own, but are provided with 14 investment professionals who continuously analyze over 1,000 different stocks, indices, forex, commodities and also soon to be included ETF and crypto assets. Investors are provided with real-time trading ideas on the web or on the smartphones.
Dominic Heyden, founder and CTO, describing the model as “Curated Investing” said: “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.”