nextmarkets, a Germany-based commission-free online broker, announced on Thursday it raised $30 million through its Series B financing round, which was existing investors Alan Howard and Christian Angermayer with his Cryptology Asset Group. DEWB also participated.
Founded in 2014, nextmarkets describes itself as a German fintech that is dedicated to helping private investors to operate more successfully and effectively on the stock exchange.
“nextmarkets develops the latest technologies for one purpose: to make you more successful on stock markets. We are convinced that every aspect of our innovations should be designed to make financial products accessible to everyone. Through lower costs, better performance and great features. Seamless, intuitive and playful.”
Speaking about the investment round, nextmarkets CEO and Co-Founder, Manuel Heyden, stated:
“The growth potential is huge, and we are only at the beginning of a whole new era in which the stock market becomes fully democratized. With our unique coaching approach, we ensure that private investors not only trade fully commission-free, but above all become significantly more successful.”
nextmarkets further commented it will invest the investment round’s funding into further development of the platform and further customer growth, as well as its European expansion. Heyden added:
“Our product pipeline is full of innovations and we can’t wait to make them available to our customers.”