Hamburg, Germany based Finexity AG, leading in the field of digital assets, today announced the signing of an agreement to acquire 90.1 percent of Effecta GmbH. Effecta is a leading liability umbrella provider for online-based securities distribution in Germany and, as a licensed investment firm, will assume a significant role within the FINEXITY Group going forward. Tobias Hirsch, founder and Managing Director of Effecta, will not only continue to lead Effecta but will also play a key role in the strategic development of Finexity AG. 

Effecta GmbH will continue to operate as an independent liability umbrella under its own brand and will maintain its supervision of tied agents pursuant to § 3 (2) WpIG, the German Securities Institutions Act. By merging two complementary infrastructure providers, a high-performing ecosystem is created that opens up cross-platform offerings and investment opportunities for clients and partners alike.

The addition of about 70,000 registered investors through Effecta’s tied agents generates substantial synergies for all partners.

The acquisition remains subject to the approval of Effecta GmbH’s governing bodies, authorization by the German Federal Financial Supervisory Authority (BaFin), and the fulfillment of customary closing conditions. The ownership control procedure will be initiated promptly, and the transaction is expected to be completed as quickly as possible. The acquisition price is in the low single-digit million Euro range.