Rocket Internet and FinTech Group partner on digital banking services

Rocket Internet and FinTech Group partner on digital banking services

German firms FinTech Group and Rocket Internet are teaming up to build a pan-European digital bank.

The bank is just the first stage of a "comprehensive technology partnership" between FinTech Group, which operates several fintech-related brands, and Rocket, the giant startup studio famous for building internet firms based on models pioneered by others.

FinTech Group will use its Bank biw subsidiary's banking license for the new venture and also provide a core IT system and software development services. Meanwhile, Rocket Internet is bringing its expertise in online marketing, user experience, front-end design, internationalisation, and the development of scalable business models to the table.

Frank Niehage, CEO of FinTech Group, says: "We are pleased to have found the perfect partner for creating digital banking services in Europe. FinTech Group’s profile in financial services and the expertise of Rocket Internet in creating scalable, disruptive business models fit together perfectly. We will make this cooperation a success and participate mutually."

Comments: (1)

Hitesh Thakkar
Hitesh Thakkar - SME - Fintech startups (APAC and Africa) - India 27 July, 2016, 19:18Be the first to give this comment the thumbs up 0 likes

Rocket Internet will use money from Jabong - All cash deal with Flipkart for this new venture. Wish success !!!