nextmarkets, a Cologne, Germany-based fintech startup, raised €6m in Series A funding.
Backers included new investors Axel Springer Media for Equity GmbH, Crypto Asset specialist Cryptology Asset Group PLC and British hedge fund manager Alan Howard, and existing investors FinLab, Peter Thiel and Falk Strascheg.
The company, which has raised €12m in total funding to date, including a €2.5m seed round in 2015 and the first part of the Series A round of €3.5m in 2016, intends to use the funds to focus on dynamic growth in Europe and globally.
Led by Manuel Heyden, CEO, Dominic Heyden, CTO, nextmarkets is a German FinTech company that helps private investors to operate better on the stock exchange. Users can be coached in real time by 14 investment professionals who permanently analyze over 1,000 markets such as stocks, indices, foreign exchange, commodities and (soon also) ETF and crypto currencies and provide the user with real-time trading ideas on the web or on the smartphone.
The company has offices in Cologne and Malta, where it has just obtained a banking license.