flatexDEGIRO AG
#3429
Rank
$4.08B
Marketcap
Germany
Country
Mr. Frank Niehage L.L.M., LLM (Chairman of Management Board & CEO)
Mr. Muhamad Said Chahrour (CFO & Member of the Management Board)
Mr. Stephan Simmang (Chief Technology Officer)
Summary
flatexDEGIRO AG provides online brokerage and IT solutions in the areas of finance and financial technology services in Europe. It operates through Financial Services (FIN) and Technologies (TECH) segments. The FIN segment offers business-to-consumer online brokerage, business-to-business white-label banking, electronic securities settlement, custody account management, and other banking products and services. This segment also provides business process outsourcing solutions; technical transaction processing services; cash management services; and securities-backed lending services, as well as engages in treasury and investment activities. The TECH segment is involved in the development, production, distribution, and maintenance of software, hardware, and information technology infrastructure. This segment also provides a platform for banking operations; corporate payment products; and develops and operates Limit Order System, which monitors the limit orders of European brokers against the price feed of connected issuers. The company was formerly known as flatex AG and changed its name to flatexDEGIRO AG in October 2020. flatexDEGIRO AG was incorporated in 1999 and is based in Frankfurt am Main, Germany.
History
flatexDEGIRO AG was founded in 2006 as flatex. The company has been operating as a FinTech venture since and providing a range of services in Germany, The Netherlands, and other European countries. In 2018, the company merged with wertpapierdealer GmbH , a subsidiary of DEGIRO, an Amsterdam-based European investment services provider. The new entity was named flatexDEGIRO AG.
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Mission
Our mission is to create a financially independent Europe, by providing low-cost, easy-to-access investments. We are committed to enabling individuals to unlock their financial potential with our online broker platform and services.
Vision
Our vision is to be the market leader in the provision of online brokering services in the European market. Our goal is to provide the most advanced and easy-to-use trades for all types of investment products.
Key Team
Mr. Steffen Jentsch (Chief Information Officer)
Mr. Achim Schreck (Head of Investor Relations & Corp. Communications)
Giscard Monod de Froideville (Chief Marketing Officer)
Christiane Strubel (Chef Human Resource Officer)
Mr. Stefan Armbruster (MD & Co-Head of B2C)
Dr. Matthias Heinrich (Chief Risk Officer)
Recognition and Awards
flatexDEGIRO AG has received several awards from leading organizations such as FinTech50, Bundesverband deutscher Banken, and the Financial Times. The company has also been listed as one of the top FinTechs in Europe.
References
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Mr. Frank Niehage L.L.M., LLM (Chairman of Management Board & CEO)
Mr. Muhamad Said Chahrour (CFO & Member of the Management Board)
Mr. Stephan Simmang (Chief Technology Officer)