Vienna (June 1, 2017) – The social trading platform closes a Series B round of financing with NewAlpha Asset Management as a leading investor and existing shareholders after an extraordinarily positive start in 2017.
wikifolio.com is a leading social trading platform democratizing financial investments. The company offers an online financial platform allowing both investment professionals and private individuals to conduct their investment strategies on virtual portfolios, called wikifolios. Each portfolio can constitute the basis for an exchange traded financial product (wikifolio certificate) with an individual security number (ISIN) listed at the Stuttgart Stock Exchange (EUWAX). Through these wikifolio certificates, investors automatically "follow" the trades in the respective wikifolios and participate in their performance. In addition, all trades and comments made by the social traders can be viewed in real time on the online platform.
wikifolio.com started in Germany in 2012 and can now look back on a five-year success story. The results to date: more than 17,500 wikifolios, over 6,300 listed wikifolio certificates and a 12 billion euros worth of traded volume. Based on customers’ orders, wikifolio’s certificates are among the most frequently traded products on EUWAX in “the index and participation certificates” segment.
In 2017 wikifolio.com already recorded a 40% increase in assets under management. The company also proves to be profitable through a positive EBIT (earnings before interest and taxes) in the first quarter 2017. Thanks to its tremendous progress, wikifolio.com expands its leadership among European investment FinTech start-ups. Consequently, the social trading platform shows a positive development in the current quarter, in which the introduction of the collateralization of wikifolio.com certificates marked another milestone.
As part of the capital increase, NewAlpha Asset Management, through its venture capital FinTech fund, takes 9% of wikifolio Financial Technologies AG’s shares.
NewAlpha has developed a unique investment approach in French and international innovative Asset Management companies. The company is Europe’s leading specialist in emerging manager selection and investment: it has signed over 70 strategic partnerships and invested over 1.5 billion euros in “early stage” asset management firms.
NewAlpha has expanded the circle of wikifolio.com investors to include groups of investors such as Speed Invest, VHB Ventures, a venture company of the Handelsblatt Holding and Lang & Schwarz Aktiengesellschaft.
Andreas Kern, founder and CEO of wikifolio.com, is pleased about the platform’s new investor: “NewAlpha Asset Management brings international expertise and experience to us – in terms of the French market in general but also regarding joint global growth initiatives.”
Jonathan Cohen Sabban, Investment Director at NewAlpha Asset Management, comments: “Since its launch, wikifolio.com has delivered an outstanding performance. We have been particularly impressed by its innovative business model that will revolutionize the investment management industry by opening up the routes adapted to the next generation of individual investors.”
“This is the first international investment of our Venture Capital fund dedicated to FinTech start-ups and I believe it will pave the way of the fund’s international expansion. We are eager to deal with the best FinTech companies in Europe and we are glad to start with wikifolio.com, as asset management is our core expertise”, adds Lior Derhy, Managing Director Head of Private Equity at NewAlpha Asset Management.