Cologne-based data analytics platform for investing Nextmarkets has closed its Series A round on €6m, alongside the launch of its services.
Existing backers FinLab, Peter Thiel and Falk Strascheg took part in the round alongside new investors Axel Springer Media for Equity, Crypto Asset Specialist Cryptology Asset Group and British hedge fund manager Alan Howard.
The initial part to the Series A round was a €3.5m injection in 2016 and prior to the round, the company secured a €2.5m seed round in 2015. Following the latest round of funding, the company has raised a total of €9.5m. Recently, the company announced it received a banking license in Malta.
Nextmarkets has also launched its real-money offer, which allows customers to open a real money account and participate in stocks, and soon crypto markets, via the app.
The company provides private investors with detailed analysis of more than 1,000 markets including stocks, indices, foreign exchange, and commodities. In the near future, Nextmarkets will also support ETF and cryptocurrencies, as well as offer real-time trading ideas through the web or smartphone.
Users are supported by 14 analysts which help to generate trends and explanations for strategies. The platform, which is available on smartphones, enables trading on the go and real-time checking of portfolios.
Nextmarkets founder and CEO Manuel Heyden said, “With Obtaining the banking 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.”
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