Finlab publishes figures for 2020

The venture capitalist from Frankfurt generated a surplus in 2020, compared to a loss of 1.5 million euros in the previous year. There is also a recent change on the Supervisory Board.

Finlab announces its figures for 2020: The Frankfurt-based venture capitalist, which primarily invests in fintechs, was able to generate a net profit of 300,000 euros, compared to a minus of 1.5 million euros in the previous year.

However, the coronavirus pandemic is making itself felt: Finlab only achieved a total result of 25.8 million euros, which is 10.8 million euros less than in 2019. However, the amount of equity has increased: while it was 142.8 million euros in 2019, Finlab reported 168.6 million euros for 2020, which corresponds to an equity ratio of 97.4 percent.

There is also a change on the Supervisory Board: Friedrich Schmitz is stepping down after ten years for personal reasons. His position was taken over in mid-March by tax consultant Herbert Seuling, who has held various supervisory and advisory positions since his official retirement.