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Karthik Subramanian

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Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

Industry NewsJune 19, 2018

NextMarkets Goes Live with its Services and also Winds up €9.5 million Series A Funding Round

Manuel Heyden, founder and CEO of Nextmarkets
Manuel Heyden, founder and CEO of Nextmarkets

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”

Cryptology Asset Group PLCAlan 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.”

TAGS: Alan Howardbanking platformCrypto Assetcrypto marketsCryptology Asset Group PLCCurated InvestingFinLabFintechFlak StrachegInvestment Service LicenseinvestorsNextMarketsPeter Thielreal money accountseed fundingSeries A fundingstart-uptrading platform

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