Finax Blog

Information which helps you to invest properly.

Finax Has Increased Its Capital – Stronger and Safer Once Again

In addition to improving the quality of services and expanding its offering, Finax keeps in mind the safety of client assets and the stability of its business. We are constantly progressing in this area as well. Most recently, we have increased our capital. Learn what this move means for our clients and why we took it.

Radoslav Kasík | News | 19. July 2022

Security and trustworthiness are two key parameters of a successful financial institution. Each of us prefers safety in the field of finance, which is why we store and have our money managed by reputable companies.

Trust is built mainly through history, experience, and transparent communication. Security is defined by the character of the firm's management and its actions, compliance with legislative and regulatory requirements, prudent management, choice of partners, and sufficient capitalization.

At Finax, we seek to be a proper financial institution. We can’t speed up time, still having to wait for a long history. We are a relatively young company that will soon celebrate 5 years of existence.

However, the other factors mentioned for building trust and protecting client assets are fully in our hands. In addition to the development and improvement of our services, technical innovations, broadening our offer, expansion, and financial education, we also devote considerable effort to improving safety and stability. And we do this in all areas of our business.

Another milestone in this direction is the increase in the share capital of Finax, o.c.p., a.s. to 750 thousand euros dating from 30 June 2022.

This step was planned, as it reflects the strong growth of our activities. We communicated it a year ago, after receiving a second round of funding from the investment holding of Ivan Chrenko’s foundation.

On the one hand, higher share capital is required by regulation, given the growing volume of assets under management, rising operating costs, and the planned expansion of the investment services provided.

On the other hand, it is also a signal to our clients that we are a stronger and more stable institution in terms of financial security.

Start investing today 


The increase in share capital has not led to a change in the ownership structure. It is a transfer of resources from capital funds, created in the previous two funding rounds, to the share capital. The amount of Finax's equity remains unchanged.

However, share capital is the strongest item of equity, as securities broker-dealers can only reduce it with the approval of the regulator, the National Bank of Slovakia.

Finax handles its business efficiently and prudently, which is not always an easy task for a rapidly growing company that does not use borrowed funds (debt) for expansion. We are financing our growth only from our own resources, which at the end of 2021 amounted to a respectable 2.23 million euros.

Our capital adequacy ratio meets the regulatory requirements, which were even further tightened last autumn, by a comfortable margin.

We believe that this move by Finax will also enhance our credibility. We are working hard on further measures and changes that would enhance the safety of client assets, credibility, and stability of Finax. We are doing our best to present them to you soon.

One of the activities beyond the scope of legal obligations is, for example, the regular review of assets under management by our auditor BDO.

We thank all intelligent investors for their trust and look forward to our future together.

Rate article:
Finax Has Increased Its Capital – Stronger and Safer Once Again
Rating: 5 1

Most read articles

2. July 2020

Want to know more? Meet us online or attend our webinars!

Why should you invest? What are the advantages of investing with Finax? Are you looking for a help with investing or planning your finances? Do you want to learn how to invest properly? Meet us online or attend our free webinars to learn more.

Read more
Book review: Rich dad, poor dad | Finax.EN
25. November 2020

Book review: Rich dad, poor dad

This book made me look at money from a different perspective than I had known before. Everyone who is interested in managing their personal finances in a better way should read this book. It should be a part of your path to financial literacy.

Read more
How do we choose our ETFs in Finax?
21. August 2018

How do we choose our ETFs?

You have probably already noticed that Finax portfolios are mixed from ten ETF funds depending on the level of risk the client is willing and able to carry/to handle. But how did we choose specific securities and why is the composition of the portfolios such as you see in your accounts?

Read more
Are ETFs a bubble? | Finax.EN
27. November 2019

Are ETFs a bubble?

Recently, there have been reports going around in the media criticizing passive investing and warning of ETFs. Among the authors of these negative news can be found not only legendary investors, but also Slovak brokers. Do investments in ETFs really carry a higher risk? Finax has built the portfolios on these great tools, so we see it as our duty to clarify this matter.

Read more
We are happy to advise you!
Schedule a call
phone-icon