Thu, Oct 19, 2017
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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad