It’s interesting to note that in Germany it’s not just Berlin that does well with technology, Munich plays also an important part, as well as Hamburg, that is where Finanzcheck, one of the fastest growing fintech company in Germany, is located, and Frankfurt, home of the Frankfurter Wertpapierbörse (Frankfurt Stock Exchange), the world's 10th largest stock exchange by market capitalization, and that is now growing as the country’s fintech hub.
There were no mega rounds of financing in Europe, in both the first and the second quarter, but we have anyway seen some considerable investments, including:
- $46 million in a Series C round, raised by Finanzcheck, a consumer loans marketplace,
- $40 million in a Series B round, raised by N26 (previously known as Number26), a mobile online bank,
- $34.1 million through Private Equity, raised by AEVI, a cashless payments solutions provider.
These were the three biggest rounds of financing in Europe, and all the companies mentioned are based in Germany (see the image below).
The industry is now growing and evolving, not just in Europe but all over the world. Germany is building up what it seems to be a solid financial technology ecosystem, with the appetite to involve key cities and not just a single location, and it is now well positioned to play a bigger role in the financial technology industry in the future.
Alessandro is Co-founder & CMO of Crowd Valley. He has worked in the fintech industry, with marketplace investing and lending, since 2011. Has built and managed digital companies with distributed teams and international partners, and gained experience with both startups and large corporations, having worked with British Telecom, Bloomberg and the Grow VC Group.
Alessandro grew up in Italy, where he graduated with a B.A. in Economics at University of Parma, before to obtain a M.S. in Finance at Regent’s University London. He studied and worked in many different cities, including Munich, Geneva, London, Barcelona and Valencia. Genuinely passionate about financial technology and innovation, he loves to spend his spare time traveling and discovering new cultures. You can find him on Twitter at @aleravanetti.