According to an agency report, the Austrian fintech Wikifolio is examining a possible sale.
The social platform for sharing investment strategies is working with Rothschild & Co. on a possible sale, reports the Bloomberg agency, citing people familiar with the matter.
The company founded by Andreas Kern in 2012 enables private traders to publish their investment strategies as investable products.
Users can then invest in these products with small amounts such as 100 euros and then sell them again at certain stock exchanges, banks and brokers.
At this point, Wikifolio apparently wants to take advantage of the current enthusiasm for the stock market. Current shareholders include Dieter von Holtzbrinck Ventures, which is associated with Holtzbrinck-Verlag, which also owns the "Handelsblatt". Wikifolio is also supported by Speedinvest, which is also involved in Neobank Tide and the online insurance platform Wefox. According to Bloomberg, company representatives declined to comment.