Former Trivago managers found fintech

With their fintech, the founders want to teach new investors how to invest and are simultaneously launching a 15 million euro fund.

The three former Trivago managers Andrej Lehnert, Johannes Thomas and Andreas Vogler founded the fintech CoIQ.capital, as Gründerszene reported. Florian Berger and Heiko Hilbert, who were also employed at Trivago, are also co-founders. The fintech offers a stock market simulation platform. There, users can practice investing in stocks with a fictitious budget and watch 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 two Trivago co-founders, Rolf Schrömgens and Peter Vinnemeier. "Instead of relying on the expertise of individuals, we use collective intelligence, the wisdom of many," the founders write on their website about the concept of the new fund. The equity fund will be based on the collective analge decisions of 300 investors.

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