Finexity AG Acquires Majority Stake in Effecta GmbH

Finexity AG, based in Hamburg, Germany and specializing in digital assets, has announced the acquisition of a 90.1 percent stake in Effecta GmbH. Effecta, renowned as a leading liability umbrella provider for online securities distribution in Germany, will play a pivotal role within the Finexity Group. Tobias Hirsch, Effecta's founder, will continue to manage Effecta and contribute to Finexity's strategic development.

Effecta GmbH will maintain its operations under its brand, supervising tied agents according to German regulations. This merger creates an ecosystem offering expanded cross-platform investment opportunities. Effecta brings approximately 70,000 registered investors to this synergy.

The acquisition awaits approval from Effecta's governing bodies and BaFin authorization. The transaction, valued in the low single-digit million euro range, aims for swift completion.