FinLab

DB: A7A

€93.7m market cap

€17.6 last close

FinLab is an incubator and builder of fintech companies based in Germany. It also has holdings in two relatively mature asset management businesses, Heliad and Patriarch, which gives it stable cash flows and a strong balance sheet. In March 2018, FinLab expanded its asset management portfolio with EOS VC Fund. It currently has 10 fintech investments.

Investment summary

FinLab’s recent focus was on existing portfolio holdings and selective investments in blockchain projects through the EOS VC Fund. Although some of its fintech companies have seen improved performance in the COVID-19 crisis, the outlook remains uncertain. That said, FinLab is ready to support its holdings with liquidity, which should be backed by its healthy cash position and recurring fee income streams. Despite the broad market sell-off, Heliad’s (one of FinLab’s holdings) share price has increased 8% since end-December 2019, potentially driven by positive stock catalysts at its largest investment, flatex, an online broker.

Share price graph
Price performance
%
1m
3m
12m
Actual 8.6 18.1 30.4
Relative* (5.5) 13.4 23.1
52-week high/low €20.5/€9.4
*% relative to local index
Key management
Juan Rodriguez Member of the Board
Stefan Schuetze Member of the Board

Content on FinLab