15.08.2018
FinLab AG DE0001218063
DGAP-Adhoc: FinLab AG: FinLab portfolio company Deposit Solutions successfully closes USD 100 million financing round, achieving a company value of USD 500 million
DGAP-Ad-hoc: FinLab AG / Key word(s): Miscellaneous
FinLab AG: FinLab portfolio company Deposit Solutions successfully closes
USD 100 million financing round, achieving a company value of USD 500
million
15-Aug-2018 / 18:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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FinLab portfolio company Deposit Solutions successfully closes USD 100
million financing round, achieving a company value of USD 500 million
Partial exit ("secondary") of FinLab results in inflow of funds totaling USD
11.5 million
Following the financing round and secondary, FinLab retains a 7.7% stake in
Deposit Solutions
Frankfurt am Main, 08/15/2018 - Hamburg-based Fintech company Deposit
Solutions GmbH, a portfolio company of Frankfurt-based stock market listed
FinLab AG (ISIN: DE0001218063; Ticker: A7A.GR), today announced the
successful conclusion of a new round of financing. The total transaction
amounts to USD 100 million. The financing round was headed by Vitruvian
Partners serving as lead investor and Kinnevik as co-investor with other
existing shareholders investing alongside. The new investment takes the
valuation of Deposit Solutions to USD 500 million.
As part of a so-called secondary sale, FinLab sold part of its shares valued
at USD 11.5 million to the new shareholders, thereby realizing a
double-digit million gain, which will be fully reflected in earnings for
fiscal year 2018. Following the financing round and the secondary, FinLab
retains a 7.7% stake in Deposit Solutions.
About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 /
ticker symbol: A7A.GR) is one of the first and largest company builders and
investors focused on the Financial Services Technologies ("FinTech") sector
in Europe. FinLab focuses on developing German FinTech startups and
providing venture capital for their financial needs, whereby 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.
Press contact:
FinLab AG
[email protected]
www.finlab.de
Phone: +49 69 719 12 80 147
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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: [email protected]
Internet: www.finlab.de
ISIN: DE0001218063
WKN: 121806
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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714641 15-Aug-2018 CET/CEST
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FinLab AG ISIN: DE0001218063 können Sie bei EQS abrufen
Beteiligungen , 121806 , A7A , XETR:A7A