Swiss banking group enters social trading platform capital
Swiss financial group PostFinance has purchased an 11% stake in social trading platform wikifolio Financial Technologies at the occasion of the firm’s last capital increase.
wikifolio.com was launched in Germany in 2012, before its access was made available to Austrian and Swiss investors in 2013 and 2015 respectively.
The platform’s users can build up their track record in sample portfolios, including trading in Swiss francs.
wikifolio.com tallies some 250,000 equities, ETPs and structured products from UBS, HSBC, Société Générale and Lang & Schwarz.
Over 18,000 wikifolios and 6,700 listed wikifolio certificates have been issued to date. The traded volume to 3 August 2017 amounted to €13bn.
“PostFinance AG wants to become the ‘digital powerhouse’ in the Swiss banking world”, said Jens Schulte, head of Corporate Ventures of PostFinance.
“An important milestone is to become the preferred partner in the field of digital money management. With our investment in wikfiolio.com we came one step closer to our goal,” Schulte added.
Andreas Kern, founder and CEO of wikifolio.com, said: “With PostFinance, we welcome another renowned top player from the industry – as a shareholder and a member of our partner ecosystem.”
PostFinance serves around three million clients, of which 1.7 million are online customers.