Former Trivago managers found Fintech

With their fintech, the founders want to teach new investors how to invest and at the same time launch a 15 million euro fund.

The three former Trivago managers Andrej Lehnert, Johannes Thomas and Andreas Vogler are founding the fintech CoIQ.capital, as reported by start-up scene reports. Florian Berger and Heiko Hilbert, who also worked at Trivago, are also co-founders. The fintech offers a stock market simulation platform. There, users can practise investing in shares with a fictitious budget and observe how they develop.

In addition to the platform, the founders also set up a 15 million euro equity fund called CoIQ Collective Intelligence Fund. The money came from the two Trivago co-founders Rolf Schrömgens and Peter Vinnemeier. "Instead of relying on the expertise of individuals, we use collective intelligence, the wisdom of the many," the founders write on their website about the concept of the new fund. The equity fund is to be based on the collective investment decisions of 300 investors.

"In 2008, we sensed the potential of collective intelligence. Today we have proof that a qualified group of investors is capable of significantly outperforming the stock market," says Vinnemeier. He sees the fund as an "exciting opportunity for investors".