PostFinance has become new shareholder of wikifolio.com
Vienna (August 3, 2017) – The social trading platform has conducted a second closing as part of its capital increase. PostFinance AG, one of the leading retail financial institutions in Switzerland, has become a new shareholder and takes 11 percent of wikifolio Financial Technologies AG’s shares.
As the number one for payment transactions in Switzerland, PostFinance ensures a seamless flow of money. It serves around three million clients, of which 1.7 million are online customers. They have access to their finances all the time and can thus manage financial transactions independently from anywhere.
PostFinance – On the way to become the 'digital powerhouse' in the Swiss banking world
“PostFinance AG wants to become the 'digital powerhouse' in the Swiss banking world”, says Jens Schulte, Head of Corporate Ventures of PostFinance. “An important milestone is to become the preferred partner in the field of digital money management. With our investment in wikfiolio.com we came one step closer to our goal.” Since 2012, the social trading platform has been showing how a unique digital offer, transparency and fairness can inspire a growing range of investors for equity investments, Schulte continues.
Andreas Kern, Founder and CEO of wikifolio.com, is delighted about the new investor from Switzerland: “With PostFinance, we welcome another renowned top player from the industry – as a shareholder and a member of our partner ecosystem.”
wikifolio.com – Continuous growth in the digital investment market
As Europe’s leading online platform for trading ideas by private traders and professional asset managers, wikifolio.com stands for the democratization of financial investments.
The social trading platform can now look back on a five-year success story. wikifolio.com started in Germany in 2012, followed by the entry into the Austrian market in 2013. Since March 2015, wikifolio.com is also available to Swiss investors and traders.
The results to date: more than 18,000 wikifolios, over 6,700 listed wikifolio certificates and 13 billion euros worth of traded volume. Based on customer orders, wikifolio certificates are among the most frequently traded products on EUWAX in “the index and participation certificates” segment.
Traders can build up their track record in sample portfolios, including trading in Swiss francs. With more than 250,000 equities, ETPs and structured products from UBS, HSBC, Société Générale and Lang & Schwarz, wikifolio.com provides the largest investment universe of all social trading platforms. The currency for investments in wikifolio certificates is currently the Euro. wikifolio.com is working on a solution to note the secured financial products in Swiss Francs.