Finanz.net sold: 400 million euros for Neobroker Zero!

Finanz.net sold: 400 million euros for Neobroker Zero!

A huge deal is shaking the fintech world: The media company Axel Springer has sold the Finanz.net platform and the associated neobroker “Finanzen.net Zero” to the private equity firm Inflexion. The rating? An incredible 400 million euros! A prize that astonishes the industry and sparks discussions.

This mega deal was officially announced on Friday morning. In addition to the platform for stock market prices and financial indicators, the sale also includes the robo-advisor Oskar and the software provider Traderfox. The founders Peter Schille and Jens Ohr will remain with the company and continue to be involved. Axel Springer had been working on the deal behind the scenes since spring 2024, with initial price expectations of just 250 million euros. But the actual sum exceeds all expectations!

Hope for growth

The question that concerns everyone: Can this high purchase price be justified? According to the Federal Gazette, Finanz.net has generated a stable gross profit of around 30 million euros in recent years, with an annual surplus of around 15 million euros. But the numbers for 2023 are still unclear. Insiders report that the neobroker's number of customers is already over 100,000, although this seems modest compared to the top dogs Trade Republic and Scalable Capital, which each have over a million customers.

The new owner plans to link the financial homepage and the fintech app more closely, emphasizing the importance of the neobroker. Despite this ambitious vision, valuing 26 times earnings remains a daunting challenge. The future of Finanz.net and the associated services is in the balance - will the deal be a success or a flop?