DGAP-News

Capital increase: wallstreet:online AG supports Smartbroker growth with an additional amount of around EUR 8 million - Seite 2

Very good starting position for further competition

wallstreet:online AG holds more than 95 % of the shares in the Smartbroker operating company WOC. The Executive Board intends to take over the remaining outstanding shares of the WOC minority shareholders during the first quarter of 2022 within the framework of a squeeze-out against compensation.

The personnel build-up necessary to cope with growth at WOC develops on schedule. The planned technical novelties, more particularly, the setting up of a new IT infrastructure, are already in progress and will probably be completed during the first half-year of 2022.

With a view to the Assets under Management (AuM), it has been possible to continue the valuable growth during this year, too. Taking into account the current market conditions, the Executive Board assumes that the EUR 10 billion threshold can be exceeded already at the beginning of 2022. On 31.12.2020 the Assets under Management amounted to around EUR 4.3 billion. This value was more than doubled within only eleven months. Consequently, WOC is already now, measured in the terms of AuM volume, the largest neo-broker operator in Germany.

Again, the most cost-effective provider at Stiftung Warentest

The largest share in the dynamic growth is attributable to the multiple award-winning Smartbroker, which only a few days ago was listed in the comparative list of the renowned consumer magazine "Finanztest" (issue 12/2021) as the "by far most cost-effective provider".

"Thanks to the successfully placed capital increase we can provide the Smartbroker with additional resources and continue to push its growth. Almost exactly two years after the launch of the Smartbroker we are now in a very good starting position for the competition among local providers. I am very proud of our rapid customer growth and the work of my team", says Matthias Hach, CEO of wallstreet:online AG and wallstreet:online capital AG.

 

About the wallstreet:online-Gruppe:

The wallstreet:online Group operates the Smartbroker - a multiple award-winning online broker, which is the only provider in Germany to combine the extensive product range of traditional brokers with the extremely favourable conditions of neo-brokers. The company manages altogether assets in an amount of more than EUR 8 billion (status 11/2021). At the same time, the Group operates four high-reach stock market portals (wallstreet-online.de, boersenNews.de, FinanzNachrichten.de and ARIVA.de). With around 376 million monthly page impressions (average HY1/2021), the Group is the by far largest publisher-independent financial portal operator in German-speaking countries and the largest finance community. In the forums of the four stock exchange forums more than 830,000 users with financial affinity are registered.