INFOS

What INFOS does

INFOS AG is a German fund broker (Fondsvermittler) incorporated as a private Aktiengesellschaft, headquartered in Miltenberg, Germany, and founded in 1994. The firm acts as an intermediary between self-directed retail investors and two custody partners, FNZ Bank (formerly ebase) and FFB, under distribution relationships that have been in place since 2002. As a registered Finanzanlagenvermittler and Versicherungsvermittler, INFOS AG is permitted to intermediate fund and insurance products; it serves approximately 19,400 customers with EUR 1.079 billion in customer assets under custody at the partner banks.

The product surface consists of a web-based brokerage account fronted by two proprietary tools: DepotStar5, a portfolio analysis utility introduced in 2024, and Fondsfinder, a fund search and comparison utility. A new mobile application delivered through partner FFB is scheduled for May 2026. The firm supports customers in Germany, Switzerland and Austria through this digital interface, with no proprietary custody, settlement, or trade execution infrastructure of its own.

The business model is built around recurring trailing commissions (Bestandsprovision) received from fund and insurance providers on intermediated AUM, rather than front-end fees. INFOS AG differentiates on price by passing on a 100% discount on issuance surcharges (Ausgabeaufschlag) and, as of 2026, layering a premium action bonus of up to EUR 4,000 on customer acquisition campaigns. Headcount is in the 15-20 range, the operation is privately held, and recent activity has centred on incremental product, mobile, and hiring investments rather than on funding events or M&A.

Name

INFOS

Legal name

INFOS AG

Website

https://infos.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

INFOS AG is a German fund broker, founded in 1994 and based in Miltenberg, intermediating approximately 19,400 self-directed retail investors across Germany, Switzerland and Austria via FNZ Bank and FFB custody, earning trailing commissions on EUR 1.079 billion in customer AUM.

Ownership category

akta.pro rank

Product category

Investment Fund Brokerage

NAICS

Portfolio Management and Investment Advice (52394), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Execution-Only / Self-Directed Investing Platforms (FSAAAAAI)

akta.pro secondary industries

Investment & Wealth Introducers (RIA/Private Wealth Referrals) (FSAEAMAC), Investor Education, Research & Portfolio Analytics Services (Retail) (FSAAAAAO)

Keywords

• Fund brokerage services
• Investment fund distribution
• Depot account intermediation
• Portfolio analysis software
• Fund savings plans

Headquarters

HQ city

Miltenberg

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Trailing Commission (Bestandsprovision): INFOS AG receives trailing commissions from fund societies (Kapitalanlagegesellschaften) on customer assets under management. These commissions are financed from the ongoing costs charged by each fund, which are already included in the fund price, so customers incur no additional costs. This is the primary revenue stream that allows INFOS to offer free services to customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

INFOS AG is a German fund broker (Fondsvermittler) that acts as an intermediary between self-directed retail investors and partner custody banks (FNZ Bank and FIL Fondsbank/FFB). Customers open investment fund depots at the partner banks with INFOS registered as the advising broker, gaining access to a 100% discount on fund issuance surcharges (Ausgabeaufschlag), zero depot fees above minimum thresholds, and free portfolio analysis via the proprietary DepotStar5 tool. The service is free to customers; INFOS is remunerated through trailing commissions (Bestandsprovisionen) paid by the issuing fund management companies on customer assets.

Product overview

INFOS AG operates a unified fund distribution platform that connects self-directed investors with investment funds through two partner banks (FNZ Bank and FIL Fondsbank). The core offering centers on discounted fund trading with 100% rebate on issue surcharges and waived depot fees above minimum thresholds. The product portfolio includes DepotStar5 as a free portfolio analysis tool enabling automatic depot imports, graphical performance visualization, risk analysis, and virtual model portfolio creation. The Fondsfinder provides fund search and filtering capabilities across thousands of tradeable funds. The service is designed for self-deciders who make their own investment decisions, with support available for larger investment amounts starting at 50,000 EUR.

Differentiator

Problem solved

Functional benefit

Brands

• DepotStar5: Free portfolio analysis software tool for depot customers, providing performance analysis, risk analysis, and graphical reporting.
• DepotStar

Products and services

• DepotStar5 Free portfolio analysis software tool that automatically imports and visualizes customers' FNZ Bank or FFB depot holdings, providing performance metrics, risk analysis, graphical evaluations, and the ability to create virtual model portfolios for testing investment strategies.
• Fondsfinder Fund search and comparison tool that allows customers to browse and filter through thousands of tradeable funds available through INFOS partner banks, displaying real-time rebates on issue surcharges, Sparplan availability, and detailed fund information including performance, costs, and sustainability ratings.
• INFOS Fund Distribution Service Fund intermediary service that enables customers to purchase and hold investment funds through partner banks (FNZ Bank and FIL Fondsbank) with 100% discount on issuance surcharges, fee-free depot management above minimum thresholds, and dedicated customer support from trained banking specialists.

Quantifiable outcome

• 100% discount on issuance surcharge saves customers 3-5% on each fund purchase
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• FNZ Bank (formerly ebase)coreChannel Partner/ Reseller/ Distributor · 1 January 2019FNZ Bank serves as the custody bank for customer depots. INFOS acts as broker providing customers access to FNZ Bank with discounted rates (100% issuance surcharge discount, free depot from 20,000 EUR). FNZ Bank was acquired by FNZ Group in 2019 and rebranded from ebase. Located in Munich (previously Aschheim) with headquarters in Munich.
• FIL Fondsbank (FFB)coreChannel Partner/ Reseller/ Distributor · 1 January 2002FFB serves as the custody bank for customer depots. INFOS acts as broker providing customers access to FFB with discounted rates (100% issuance surcharge discount, free depot from 50,000 EUR). Founded in 2002, FFB is headquartered in Kronberg im Taunus with deposit protection.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Trade Republic: German mobile-first broker offering zero-commission trading across ETFs, stocks, derivatives, and crypto with savings plans. Targets the same self-directed retail investor (Selbstentscheider) in Germany that INFOS serves, competing for the same customer wallet on price and product breadth.
• Scalable Capital: Munich-based neobroker with both a free and a Prime broker tier plus robo-advisory. Competes head-on with INFOS for self-directed German investors seeking low-cost access to ETFs, funds, and stocks via a regulated German platform.
• justETF: German ETF-focused comparison and brokerage platform. Targets the same self-directed retail segment as INFOS with strong ETF screening, savings plans, and discounted execution through partner banks — the closest direct analog in the ETF channel that competes for INFOS's wallet share.

Broad incumbents

• flatexDEGIRO: One of Europe's largest online brokers with strong German retail franchise through flatex and DEGIRO brands. Offers low-cost multi-asset trading including funds, ETFs, stocks, and derivatives; competes with INFOS for cost-sensitive German fund investors.
• Consorsbank: BNP Paribas-owned German online bank and broker with broad multi-asset offering including funds, ETFs, stocks, and savings plans. Competes with INFOS for retail fund brokerage and serves as one of the legacy banks customers might switch from to use INFOS's rebate pricing.
• DKB (Deutsche Kreditbank): Large German direct bank with broker offering including fund depot and ETF savings plans. Targets the same price-sensitive retail segment as INFOS and is a typical incumbent customers consider switching away from to access issuance-surcharge rebates.
• OnVista Bank: German online broker offering fund, ETF, stock, and derivative trading. Competes in the same Selbstentscheider segment as INFOS and historically has been a comparison reference point for low-cost fund execution in Germany.

Emerging players

• extraETF: German fintech focused on ETF savings plans and portfolio analytics, including white-label broker integrations. Adjacent competitor to INFOS's DepotStar5 functionality, particularly relevant as German retail flows migrate from active funds to ETFs.

Regional players

• Baader Bank: German bank serving as a major custody and trading partner for German Fondsvermittler and self-directed platforms. Functions both as an infrastructure peer (similar in role to FNZ/FFB) and as a competing retail platform; comparable in German fund-brokerage infrastructure.

Others

• finanzen.net (Axel Springer): Major German financial portal with fund, ETF, and depot comparison tools plus a zero-broker brokerage offering (finanzen.net zero). Comparable as a customer-acquisition funnel for self-directed German investors and a partial competitor to INFOS's marketing reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/infos-gmbh

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about INFOS