Mon, Jul 16, 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. Bill Ackman is betting big on himself[more]

    From the NY Post: Bill Ackman can thank ADP, Chipotle for his comeback Bill Ackman's next big investment is himself. Since the end of May, Ackman has purchased $292 million worth of shares of Pershing Square Holdings - the publicly traded vehicle of his hedge fund, according to a statement r

  2. Comments - The problems hedge funds and PE firms have connecting with the super rich and single-family offices[more]

    From Forbes.com: The world of the super-rich (net worth = $500 million or more) and their single-family offices is expanding at a tremendous rate. This growth correlates to the increase in the growth of extreme wealth. What is very telling is that a large percentage of the super-rich are highly moti

  3. Andreessen Horowitz's cryptocurrency fund makes its first investment, The media challenge for cryptoasset investors[more]

    Andreessen Horowitz's cryptocurrency fund makes its first investment After the launch of a blockchain and crypto-focused hedge fund, Silicon Valley investment houseAndressen Horowitz (A16Z) has announced a $45 million funding in blockchain-based privacy emphasized cloud project "Oasis La

  4. Blackstone, Goldman Sachs take minority stake in Francisco Partners[more]

    Komfie Manalo, Opalesque Asia: Hedge fund managers Blackstone Alternative Asset Management and Goldman Sachs Asset Management (GSAM) took a minority

  5. Ackman's comeback: How to ride his revival[more]

    From Barrons: Bill Ackman has endured a humbling three years: big public losses, an exodus by investors, and what a CEO calls an "ass-whooping" in an activist campaign. Now, the hedge fund titan could be making a comeback. Ackman's publicly traded investment vehicle, Pershing Squar