FinLab - Benefiting from its fintech focus
FinLab delivered a NAV total return of c 18% in FY20, primarily assisted by the share price of Heliad Equity Partners (HEP), in which FinLab holds a c 45% stake, more than doubling. HEP’s share price was mostly driven by the acquisition of DEGIRO by flatex (HEP’s main portfolio holding) with the favourable market conditions for online brokers in 2020 further supporting the share price performance of the combined entity (flatexDEGIRO). We note that recently, Bernd Förtsch acquired Christian Angermayer’s stake in FinLab, which makes him the controlling shareholder.Finlab AG, formerly Altira AG, is a Germany-based investment company engaged in the building of companies in the financial services technologies (fintech) sector. It focuses on developing German fintech start-ups, as well as provides venture capital in a form of long-term participation and ongoing support of the investment. Additionally, the Company is engaged in venture deals, such as seed- and follow-on rounds for fintech companies in Germany and abroad. It also invests in venture founding rounds, primarily in companies located in the United States and Asia. Its portfolio includes nextmarkets GmbH, a company operating e-learning platform for global investors.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.