Exclusive: Nextmarkets gets lifeline from Apeiron
FNG Exclusive… FNG has learned that Cologne, Germany based neobroker Nextmarkets has reached an agreement with Apeiron Investment Group for a new funding round, which will finance the organic growth of the business and a series of acquisitions.
The announcement comes just a few weeks after two other large shareholders of Nextmarkets, fintech investment firm FinLab (34.36% holding) and crypto tech investor Samara Asset Group (37.68%) indicated that Nextmarkets was going to be liquidated, as was also exclusively reported at the end of March here at FNG.
Apeiron Investment Group is the private investment firm of entrepreneur and investor Christian Angermayer, and was a previous investor in Nextmarkets via Apeiron’s Cryptology Asset Group. Apeiron has also invested in NAGA Group, a social trading focused online broker also based in Germany.
The parties did not disclose the size of the investment, however sources in Germany indicated to FNG that it is in the range of €10 million.
Nextmarkets Founder and CEO Manuel Heyden commented:
“We have a strong foundation with our own proprietary technology and an extensive set of regulatory licenses, including the securities trading bank and portfolio management licence. I am delighted that Apeiron Investment Group shares our belief that the global retail trading sector offers enormous growth potential. With the introduction of new capital, we plan to grow our existing offering organically, with a strong focus on international expansion. We also intend to make acquisitions when and where we see strategic fit.”
About Nextmarkets AG
Nextmarkets was founded in 2014 by brothers Manuel and Dominic Heyden, with a goal to become one of the leading commission-free neobrokers in Europe. Manuel Heyden previously founded social trading focused broker Ayondo, and ran it as CEO until leaving in 2013. He is CEO of Nextmarkets. Dominic acted as CIO of Ayondo, and is CTO of Nextmarkets.