FinLab

DB: A7A

€99m market cap

€18.6 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 has recently continued to focus on adding value to its existing fintech investments and expanding its portfolio of blockchain projects through the EOS VC Fund. Its 12-month NAV total return to end-March 2020 was 35.2%, largely driven by the revaluation of its stake in Deposit Solutions. FinLab’s NAV performance post-March 2020 may be assisted by the share price increase of Heliad Equity Partners (HEP), presumably driven by positive stock catalysts at its largest investment, German online broker flatex. HEP’s partial exit from flatex announced in July 2020 increases the likelihood of a higher management fee and potentially a performance fee for 2020 to be charged by Heliad Management, which is fully owned by FinLab.

Share price graph
Price performance
%
1m
3m
12m
Actual (15.8) 10.1 15.2
Relative* (17.1) (10.7) 4.1
52-week high/low €22.1/€9.4
*% relative to local index
Key management
Juan Rodriguez Member of the Board
Stefan Schuetze Member of the Board

Content on FinLab