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DGAP-Media / 2018-12-10 / 14:00
*With the "Money Market CFD", nextmarkets is launching an innovative
financial product that provides a 1.5% annual return on invested capital,
with no fixed term*
Cologne/Frankfurt am Main, 10.12.2018In defiance of the zero-interest
policy, nextmarkets, a Cologne-based fintech company (www.nextmarkets.com
[1]), which is part of the FinLab AG portfolio _(WKN 121806, ISIN
DE0001218063, ticker_ A7A.GR), is launching an innovative financial product
called "Money Market CFD." This product currently offers investors the
highest rate of return among all the banks in Europe for instant access
accounts. The clever touch is that it is not actually about instant-access
money, or deposit banking in the traditional sense. Instead, the company
takes advantage of the very high interest differences between Europe and the
United States and packages them in a very flexible financial product that
any investor can use, in amounts of 100 euros and up. Manuel Heyden, the
founder and CEO of nextmarkets, says, "The negative interest at the ECB is
currently leading to downright expropriation for investors in the Euro zone,
since the inflation rate is causing our savings to melt away. However, the
US Federal Reserve has been consistently raising the prime rate recently.
That interest difference is what we are utilizing, with the help of
financial mathematics, and making it marketable."
His brother Dominic Heyden, the co-founder and CTO, adds, "The only way the
product would not be worthwhile is if European interest rates were almost
equal to US interest rates. And it may be many years before that happens. On
the other hand, if the interest gap keeps widening in the future, that would
further improve the Money Market CFD's performance. We make things very easy
for our investors by telling them about any possible changes in advance,
either by email or push notifications."
nextmarkets allows its customers to invest in the Money Market CFD using a
nextmarkets account, which only takes a few minutes to open using the app or
a web browser. "Once my account is open, I capitalize it, choose the amount
and click on 'Invest'. After that, the Money Market CFD can be sold anytime
during normal trading hours, with no fixed term. There are no account
maintenance fees, purchase or sale commissions for the product, and no
levers or other hidden costs. "We earn a profit from the interest
difference, too; at 1.5% p.a., we pass most, but not all, of the product's
overall performance on to our customers. That is still over 1.5% annually,
so we have a real win-win situation," says Manuel Heyden, explaining the
business model.
Those who want to try out the product risk-free on an unlimited basis can
set up a demo account with 10,000 euros of virtual assets, completely free
of charge.
*About nextmarkets GmbH:*
nextmarkets GmbH is a German fintech company that wants to help private
investors be more successful and better educated about their stock exchange
activities. Private investors receive innovative investment support from
stock market coaches, an approach that led to the concept of "curated
investing." Nextmarkets, with offices in Cologne and Malta, currently has 35
employees and is supported by leading venture capitalists like Peter Thiel,
Falk Strascheg and the listed company FinLab AG.
Press Contact:
nextmarkets GmbH
press@nextmarkets.com
Telephone: +49 (0) 221 99 96 95 - 50
*About FinLab AG:*
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 /
ticker symbol: A7A.GR) is one of the first and largest company builders and
investors focused on the Financial Services Technologies ("FinTech") sector.
FinLab focuses on developing German FinTech startups and providing venture
capital for their financial needs, whereby in each case the aim is a
long-term participation and ongoing support of the investment. FinLab also
invests globally, as part of venture rounds, in FinTech companies, primarily
in the USA and Asia.
Press contact:
FinLab AG:
investor-relations@finlab.de
http://www.finlab.de [2]
Phone: +49 69 719 12 80 0
End of Media Release
Issuer: FinLab AG
2018-12-10 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
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Archive at www.dgap.de
Language: English
Company: FinLab AG
Grüneburgweg 18
60322 Frankfurt/Main
Germany
Phone: +49 (0)69 719 12 80 - 0
Fax: +49 (0)69 719 12 80 - 011
E-mail: investore-relations@finlab.de
Internet: www.finlab.de
ISIN: DE0001218063
WKN: 121806
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt
(Scale), Stuttgart, Tradegate Exchange
End of News DGAP Media
756039 2018-12-10
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(END) Dow Jones Newswires
December 10, 2018 08:00 ET (13:00 GMT)
