Wed, Nov 21, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Newalpha announces its sixth fintech investment in Austrian start-up Wikifolio.com

Thursday, June 01, 2017
Opalesque Industry Update - NewAlpha Asset Management, an expert in investments targeting the entrepreneurial financial industry worldwide, launched the first French venture capital fund dedicated to Fintech companies in November 2015.

NewAlpha announces the sixth investment to its fund, the first outside of France, in wikifolio.com to accelerate the international development of its online innovative trading platform.

wikifolio.com is a leading social trading platform aimed at 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 constitutes the basis for an exchange traded financial product (wikifolio certificate) with an individual security number (ISIN) listed on the Stuttgart Stock Exchange (EUWAX). Through these wikifolio certificates, investors automatically "follow" 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 € worth of traded volume. Based on customer 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.

NewAlpha is the leading investor in this fund raising operation, which also involves existing investors of wikifolio.com, whom have confirmed their interest in continuing to fuel its development.

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".

"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", comments Jonathan Cohen Sabban, Investment Director at NewAlpha.

"This is the first international investment of our Venture Capital fund dedicated to FinTech start-ups and I believe it will pave the way for 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.

NewAlpha was the most active Fintech VC investor in France in 2016.

Invested in by institutional investors, including the Credit Mutuel Nord Europe, the fund managed by NewAlpha aims to build and promote a diverse portfolio of investments in innovative Fintech and Insurtech companies. It also aims to provide active monitoring of changes in financial services (innovative initiatives, new uses) and of technological changes affecting the banking, insurance and asset management industries.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A: SS&C completes $1.5bn takeover of Intralinks[more]

    SS&C Technologies Holdings, a global provider of financial services software and software-enabled services, today announced it has completed the acquisition of Intralinks Holdings, Inc. Intralinks is a leading financial technology provider for the global banking, deal making and capital markets comm

  2. Institutional Investors: Hedge funds in, equities out at San Francisco pension plan, Investcorp launches business to take minority stakes in midsize alts firms, Kempen Capital Management wins $9.7bn mandate as fiduciary manager, Brunel eyes $1.66bn emerging markets equities allocation, MOSERS issues RFP for illiquid alts specialty consultant[more]

    Hedge funds in, equities out at San Francisco pension plan From CIO: San Francisco Employees' Retirement System CIO William Coaker Jr. says his 2-year-old plan to restructure the system's $24.5 billion portfolio away from public equities while increasing allocations to hedge funds and p

  3. Performance: Hedge funds reap windfalls from market rout, Joel Greenblatt's flagship fund has beaten 99% of competitors over the past 3 years, Renault sell-off drives profits for quant hedge fund, Hedge funds Odey, GLG are exposed as spread-betters bounce back[more]

    Hedge funds reap windfalls from market rout From FT: The stock market correction of the past two months has been painful for many investors, but a small group of bearish hedge fund managers believe their time has arrived. These traders, who have been positioned for a slump and suf

  4. Tax: Hedge fund investors lose key tax break for management expenses[more]

    From Accounting Today: For some hedge fund investors, President Donald Trump's tax overhaul adds insult to the injury from poor investment performance. The Republican law eliminates deductions for certain expenses that wealthy taxpayers previously could itemize on their returns, including the

  5. U.S.: Hedge funds' historic bond bet swing suggests Fed close to cycle end, Goldman Sachs believes the US economy will slow to a crawl next year[more]

    Hedge funds' historic bond bet swing suggests Fed close to cycle end From Reuters: A potentially huge shift is underway in the U.S. bond market, underscored by a historic swing in hedge fund positions: investors are beginning to think the U.S. economy is close to peaking and the Fed is ne