Report

FinLab - Focus on existing holdings and EOS VC Fund

FinLab has recently continued to focus on adding value to its existing fintech investments and expanding its portfolio of blockchain projects through the EOS VC Fund. Its 12-month NAV total return to end-March 2020 was 35.2%, largely driven by the revaluation of its stake in Deposit Solutions. FinLab’s NAV performance post-March 2020 may be assisted by the share price increase of Heliad Equity Partners (HEP), presumably driven by positive stock catalysts at its largest investment, German online broker flatex. HEP’s partial exit from flatex announced in July 2020 increases the likelihood of a higher management fee and potentially a performance fee for 2020 to be charged by Heliad Management, which is fully owned by FinLab.
Underlying
FinLab AG

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.

Provider
Edison Investment Research
Edison Investment Research

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.

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Analysts
Pedro Fonseca

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