Finax wants €7-9m from investors

Investment platform Finax (Ivan Chrenko) is preparing a public sale of shares but will not list them on a stock exchange. It wants to use new capital of €7–9m for further growth in key existing markets such as Slovakia, Poland, and Croatia, as well as for expansion into new markets. It plans to enter the Balkans with passive investments in ETF funds and will offer a European pension product (PEPP) in Western Europe. It manages assets worth €1.3bn for 100,000 clients. It values itself at €60–90m. Last year, it reported its first net profit of €0.4m after a 56% increase in sales to €6.2m.

(finsider.sk, dennikN.sk)