The German neobroker, Nextmarkets announced its agreement with Apeiron Investment Group for a new funding round, thus, escaping liquidation. The proceeds from the fresh funding will be used to finance the organic growth of the business and a series of acquisitions.
The Changed Fate of Nextmarkets
The announcement came three weeks after two major investors of Nextmarkets, FinLab and Samara Asset Group, confirmed the liquidation of neobroker, citing the challenging situation in the public capital markets and the weakness of the financing market.
The management of Nextmarkets, which offers commission-free trading with equities, derivatives, and ETFs, has already decided to liquidate ‘subsidiaries and other assets’ and will subsequently propose the liquidation in the next Annual General Meeting.
Fintech investment firm FinLab holds 34.36 percent of Nextmarkets after investing EUR 8.8 million in equity and debt since 2015. Samara Asset Group has 37.68 percent stakes in the neobroker, consisting of EUR 5.7 million in equity and EUR 3.7 million in convertible loans. Both inventors estimated that they could lose their entire investments in the liquidation.
New Investor Onboard
However, the situation has changed with Nextmarkets’ latest agreement with Apeiron Investment Group. Currently, it is not clear how much Apeiron is going to invest in Nextmarkets. Also, it is unknown whether FinLab and Samara Asset Group will exit or keep holding their positions.
Founded by Christian Angermayer, Apeiron previously invested in Nextmarkets and holds a stake in NAGA Group, a German social trading platform.
“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,” said Manuel Heyden, the Founder and CEO of Nextmarkets.
“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.”
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