OnVista, the the leading financial portal for retail investors in Germany with headquarters in Cologne, aquires a 10% stake in financial.com. While OnVista will focus on marketing its portal to more investors, financial.com will develop and run innovative tools for analytics.
The investment amounts to 3 million DM and comes as a capital increase. Because of the IPO on 28 February 2000 OnVista recently increased their cash by 82,78 million DM. The equity story of OnVista is similar to financial.com’s strategy – internationalization and enhancement of the data across asset classes.