DGAP-News 392 0 Kommentare FinLab portfolio company Deposit Solutions breaks the EUR 1 Billion barrier

DGAP-News: FinLab AG / Key word(s): Investment
FinLab portfolio company Deposit Solutions breaks the EUR 1 Billion barrier

27.10.2016 / 14:34
The issuer is solely responsible for the content of this announcement.

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- FinLab portfolio company Deposit Solutions breaks the EUR 1 Billion
barrier

Frankfurt am Main, 10/27/2016 - One of FinLab AG's (ISIN: DE0001218063,
WKN: 121806, Ticker Symbol: A7A.GR) largest investments, Deposit Solutions
GmbH, has been able to gain more than 35,000 customers with its B2C
investment service ZINSPILOT since its market launch 13 months ago, and
broker a total of approximately EUR 1 billion in deposits to banks in
Europe ex-Germany. No other fintech company anywhere in the world has as
yet been able to achieve a similar milestone in such a short time.

Given the ongoing low interest rates, ever more savers are looking for
alternative daily and fixed-term savings products. Deposit Solution's
"Zinspilot" service platform helps savers realize significantly higher
interest income. What makes Zinspilot unique is that it allows customers
access to a total of 24 different daily and fixed-term savings products
with ten different maturities at five banks in Austria, Great Britain,
Malta, and Germany. In 2016, the average Zinspilot daily interest rate is
1.26% - 100 basis points higher than the current average market rate in
Germany of 0.26%. Deposit Solutions is currently brokering over EUR 100
million a month in daily and fixed-term savings products.

In addition, any bank can integrate the technology behind ZINSPILOT into
their own products under their own brand names, and thus for the first
time, via their existing account relationships, offer customers attractive
interest rates from third-party banks. Well-known banks such as Deutsche
Bank and the German Fidelity subsidiary FFB have already decided to
implement the platform. Hence, the total volume brokered via Deposit
Solutions B2C offering Zinspilot and this B2B business combined is
significantly higher than EUR 1 billion.

In July 2016 Deposit Solutions conducted a capital increase that increased
the value of this Hamburg company to over EUR 100 million - more than four
times of FinLab's entry valuation in September of last year. In addition to
FinLab, the American star investor Peter Thiel has also invested in Deposit
Solutions. Due to the company's strong operational performance since that
financing round, the investment should already again have built up
significant hidden reserves.

About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 /
ticker symbol: A7A) is one of the first and one of the largest company
builders and investors focused on the Financial Services Technologies
("fintech") sector in Europe. FinLab focuses on developing German fintech
start-ups and providing venture capital for their financial needs, whereas
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.

Media contact:
FinLab AG
Kai Panitzki
investor-relations@finlab.de
Phone: +49 (0) 69 719 12 80 - 0

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27.10.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart, Tradegate Exchange; Open Market (Entry
Standard) in Frankfurt

End of News DGAP News Service
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