24.06.2020 FinLab AG  DE0001218063

FinLab AG: FinLab EOS VC expands to Asia: Sparrow raises USD 3.5 million in Series A funding from FinLab EOS VC and others


 


DGAP-Media / 24.06.2020 / 09:00

Singapore/Frankfurt, Germany, June 23rd, 2020 - Sparrow, the leading options trading platform has secured USD 3.5 million in Series A funding to accelerate platform development.

The round was led by the HDR Group, owner and operator of BitMEX, and supported by Signum Capital, Du Capital and FinLab EOS VC, a partnership with blockchain software publisher Block.one and FinLab AG (ISIN: DE0001218063; Ticker: A7A.GR), one of the first and largest investors in financial services technologies and blockchain in Europe. Sparrow is the first investment from FinLab EOS VC in Asia.

Kenneth Yeo, CEO of Sparrow said, "We are really pleased that the round received strong support despite the harsh economic climate caused by COVID-19. The strong interest from investors validates our view that digital asset options will be the next high-growth market."

"We would like to thank our partners and users for their overwhelming support. Volumes have tripled since the start of the year. With this round of funding, we are in a good position to bring even more exciting trading products to the market."

Arthur Hayes, CEO of the HDR Group, said, "We are seeing significant growth in the digital asset options space with a lot of untapped opportunities. We are excited by Sparrow's growth potential, the team behind it and are therefore proud to be leading this Series A round."

Stefan Schuetze, Managing Director of FinLab EOS VC Fund, said, "We are excited to invest in Sparrow, which is developing the next generation of financial products by leveraging EOSIO for their on-chain settlement layer."

Kenneth added, "Since launching in June 2019, we have seen unprecedented growth with over USD 150 million in options trading volume. We are proud of how far we've come and look forward to introducing more innovative products to the crypto derivatives market."


About Sparrow:
Sparrow | www.sparrowexchange.com is the leading options trading platform, providing the simplest way to control risk and monetize your digital assets. Headquartered in Singapore, Sparrow offers BTC and ETH options that are settled by smart contracts. Sparrow's proprietary platform is accessible through a simplified interface, advanced order book, or trading APIs.


About HDR Group:
HDR Group is controlled by Republic of Seychelles-incorporated HDR Global Trading Limited, a financial services business that operates the BitMEX crypto-products trading platform. Through BitMEX, HDR Global offers a best-in-class trading interface and suite of financial products, including bitcoin futures contracts and perpetual swaps.


About Signum Capital:
Signum Capital is an investment firm based out of Singapore. Signum's portfolio comprises of both equity and digital assets in the blockchain space, with a diverse investment approach ranging from exchanges, infrastructure projects to mining farms.


About Du Capital:
Du Capital is a Singapore-based multi-stage investment firm backing companies and entrepreneurs that venture in innovative technologies such as the distributed ledger technologies (DLT).


About Block.one and EOS VC:
Block.one's EOS VC program offers developers and entrepreneurs the funding they need to create community-driven businesses leveraging EOSIO. It makes direct investments and provides support to companies building on EOSIO software through its venture capital partnership funds. For further information, please visit Block.one and vc.eos.io.


About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A) is one of the first and largest investors focused on the Financial Services Technologies ("FinTech") and blockchain sector in Europe. FinLab's focus in this context is providing venture capital for start-ups. FinLab's aim is long-term participation and ongoing support of its investments. FinLab in this regard supports its investments in their respective development phase with their network and know-how. In addition, FinLab acts as an asset manager and manages assets in the three-digit million-dollar range.

Press contact:
FinLab AG:
[email protected]
Phone: +49 69 719 12 80 0
www.finlab.de



End of Media Release


Issuer: FinLab AG
Key word(s): Finance

24.06.2020 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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
EQS News ID: 1077167

 
End of News DGAP Media

1077167  24.06.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 4,17 1,72 1,52 1,95 1,44 1,54 0,00
EBITDA1,2 4,09 2,34 1,49 0,82 10,15 3,01 0,00
EBITDA-Marge3 98,08 136,05 98,03 42,05 704,86 195,45 0,00
EBIT1,4 4,02 2,27 1,46 0,79 2,19 0,25 0,00
EBIT-Marge5 96,40 131,98 96,05 40,51 152,08 16,23 0,00
Jahresüberschuss1 6,54 14,00 14,21 16,92 39,53 6,10 0,00
Netto-Marge6 156,83 813,95 934,87 867,69 2.745,14 396,10 0,00
Cashflow1,7 2,62 0,89 1,83 1,49 1,42 2,26 0,00
Ergebnis je Aktie8 1,44 2,98 2,85 3,14 7,33 1,11 1,25
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: ifb Treuhand

INVESTOR-INFORMATIONEN
©boersengefluester.de
FinLab
WKN Kurs in € Einschätzung Börsenwert in Mio. €
121806 22,600 Kaufen 120,95
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
16,14 9,56 1,67 12,42
KBV KCV KUV EV/EBITDA
0,72 53,42 78,44 38,09
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,00 0,00 0,00 10.06.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.09.2021 23.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,77% -0,07% 6,60% 23,84%
    
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FinTech , 121806 , A7A , XETR:A7A