08.11.2016
FinTech Group AG DE000FTG1111
DGAP-News: Fintech Company 'Zinsgold' Launches in Germany
DGAP-News: FinTech Group AG / Key word(s): Product Launch
Fintech Company 'Zinsgold' Launches in Germany
08.11.2016 / 10:14
The issuer is solely responsible for the content of this announcement.
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Fintech Company "Zinsgold" Launches in Germany
- Zinsgold makes online investment in fixed-term deposits swift and easy
Berlin, November 08, 2016 - The fintech company Zinsgold (www.zinsgold.de)
launches in Germany today. The company, founded by Rocket Internet, offers
customers a digital alternative to invest fixed-term deposits online at
attractive terms and interest rates. Customers can apply online, prove
their identity via a simple video procedure, and open an account directly.
The investors' fixed-term funds will then be invested with strategic
partner bank biw AG, a FinTech Group AG company (new ISIN: DE000FTG1111).
Zinsgold founder Frank Biedka states: "The partnership with the bank biw
AG, which is based in Germany and regulated under German standards, allows
us to offer investors a high degree of security for their capital. The
modern bank technology of our partner FinTech Group AG has allowed us to
implement our business model quickly, from idea to finished product."
With an estimated market volume of EUR 80 billion, fixed-term deposit
investments are among the most popular types of financial investments in
Germany. Zinsgold puts great emphasis on investment security. In addition,
up to EUR 100,000 of each customer's in- vested capital is secured via
statutory deposit insurance. Our highly automated banking process also
leads to cost savings that allow Zinsgold to offer investors the best terms
and conditions.
Frank Niehage, the CEO of FinTech Group AG, states: "With Zinsgold, we have
helped develop a product that combines a digital platform with investor
security. We placed top priority on customer trust and satisfaction in the
business model - and, at the same time, we offer all the advantages that
today's customers expect from digital business models. Together with our
partner Rocket Internet, we have quickly achieved a first milestone in the
development of digital bank processes in Europe."
About Zinsgold
Zinsgold is a digital platform that allows investments in fixed-term-
deposits at attractive terms and conditions. The company was founded in the
summer of 2016 by Rocket Inter- net and Frank Biedka, in partnership with
FinTech Group AG. Zinsgold operates in Germany.
About FinTech Group AG
FinTech Group AG (new German WKN: FTG111, new ISIN: DE000FTG1111, new
Ticker Symbol: FTK.GR) is one of the most significant innovative financial
technology companies in Europe. Our B2C brands service a total of 200,000
private clients.
Likewise, our B2B business lines are important technology partners for
German and inter- national banks and financial institutions. Our wholly
owned subsidiary flatex GmbH has been one of the innovation leaders in the
German online brokerage market for years. About 160,000 private clients
both in Germany and internationally have chosen flatex' clear and
transparent pricing model.
XCOM AG, in which we hold a majority interest, was founded in 1988 and is a
German pioneer in the area of financial technology. Today, XCOM AG is one
of the most successful software and technology providers for banks and
financial institutions.
biw Bank für Investments und Wertpapiere AG, which also belongs to FinTech
Group, has a full-service banking license and is the group wide backbone of
our banking services. It also serves as outsourcing partner for other
well-known banks ("white label banking services") and is one of the most
modern online banks in Europe.
FinTech Group AG is also an important partner for many young fintech
companies in the up- and-coming German start-up scene, who benefit from our
innovative profile.
Media Contact
Roman Kessler
Head of Communications
+49 (0) 69 45000 11 700
[email protected] www.fintechgroup.com
Media Contact
+49 (0) 30 300 13 18 68
[email protected] www.rocket-internet.com
Disclaimer
This release may contain forward-looking statements and information, which
may be identified by formulations using terms such as "expects", "aims",
"anticipates", "intends", "plans", "believes", "seeks", "estimates" or
"will". Such forward-looking statements are based on our current expec-
tations and certain assumptions, which may be subject to variety of risks
and uncertainties. The results actually achieved by FinTech Group AG may
substantially differ from these forward-looking statements. FinTech Group
assumes no obligation to update these forward-looking statements or to
correct them in case of developments, which differ from those anticipated.
Contact:
Roman Kessler
[email protected]
Head of Communications
FinTech Group AG
Rotfeder-Ring 5
D-60327 Frankfurt/Main
+49 (0) 69 450001 041
[email protected]
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08.11.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: FinTech Group AG
Rotfeder-Ring 5
60327 Frankfurt am Main
Germany
Phone: +49 (0) 69 450001 041
E-mail: [email protected]
Internet: www.fintechgroup.com
ISIN: DE000FTG1111, DE0005249601
WKN: FTG111
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange; Open
Market (Entry Standard) in Frankfurt
End of News DGAP News Service
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