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Investors put in over €35 mn (disclosed amounts only) into these FinTech startups in the last three years. However, this is really just a starting point: as per an Oct. 2012 study by London New Finance, of the total investments and M&A spend into nearly 350 FinTech transactions globally, Germany's share was less than 0.6%, compared to the UK (ca. 30%) and US (ca. 60%).
In comparison, a recent CB Insights research report estimates US investments into FinTech to cross $2.3 bn in 2013 alone. A total of around $9.3 bn pumped in between 2008-2012, with startups in Payments, Banking & Corporate Finance taking the lion's share, followed by startups in Capital Markets, Data Analytics and Personal Finance Management.
Is there potential in the Germany / D-A-CH (Germany, Austria, Switzerland) market? After a few weeks since we launched FinTech Forum DACH as the first hub for FinTech startups, investors, banks and mentors in the German-speaking region, and talking to some of these founders (check out the Q&As here; English versions on the way.) we are convinced there is!
Here is a quick look at some of the top FinTech startups in Germany and their investors. (Disclaimer: this is an informal list compiled from public sources for and we take no responsibility for the completeness, currentness or accuracy of the data. If you would want me to correct something here, please drop me a line.)
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Kathiravan Rajendran Associate Director of Marketing Operations at Macro Global
10 December
Scott Dawson CEO at DECTA
Roman Eloshvili Founder and CEO at XData Group
06 December
Daniel Meyer CTO at Camunda
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