20 February 2018
Visit www.avoka.com

German fintech factory FinLeap raises EUR39 million

17 July 2017  |  18232 views  |  0 cash

FinLeap, the startup platform behind Germany's solarisBank, has secured EUR39 million in equity capital to support its ongoing fintech incubation programme.

Next to the founding shareholder Berlin-based HitFox-Group, new institutional investors include the German insurer Signal Iduna, Japan's SBI Group and Dutch bank NIBC. Hannover Re, the third largest worldwide reinsurer, also raised its stake having participated in the platform's last EUR21 million raise.

Having launched twelve fintech ventures so far - including bank account switching platform FinReach, digital debt management outfit Pair Finance, insurance broker Clark, and Germany's solarisBank - FinLeap is already active in ten European countries.

The investment from SBI Japan represents something of a coup for FinLeap, opening up access to Asian markets for portfolio companies.

Yoshitaka Kitao, SBI CEO says: “As one of Asia’s largest venture capital companies, we specifically invest in the key technologies of the 21st century. That is why the fintech sector is of great importance to us. As one of the largest and most professional players, FinLeap already belongs to the elite of this sector. We are very proud of this successful partnership.”

With funding now secured, FinLeap is moving its HQ, taking over seven floors of the former Berliner Bank headquarters in the vicinity of Zoologischer Garten. FinLeap and several of its ventures have already moved in to the new campus. The renovation of the 11.000 sq m large building is expected to be finished by the end of 2017.

FinLeap CEO Ramin Niroumand, says: “We want to create a space that serves as link between the digital and the financial industries. It will be a place for open networks and cooperations. Anyone interested in the digitalization of the financial services industry is welcome.”
KeywordsINSURANCE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

FinLeap gets EUR21m financing; plans to pump EUR50m into fintech ecosystem

FinLeap gets EUR21m financing; plans to pump EUR50m into fintech ecosystem

13 June 2016  |  6297 views  |  0 comments | 5 tweets | 2 linkedin
FinLeap aims to create hit factory for fintech startups

FinLeap aims to create hit factory for fintech startups

01 December 2014  |  11818 views  |  0 comments | 18 tweets | 8 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comVisit http://info.nice.comvisit www.ebaday.com

Top start ups topics

Most viewed Most shared
Global fintech funding holds steady in 2017Global fintech funding holds steady in 201...
6719 views comments | 10 tweets | 3 linkedin
BBVA-backed digital banking startup targets gig economy workersBBVA-backed digital banking startup target...
6602 views comments | 8 tweets | 12 linkedin
Mauritius makes plans for sovereign fintech fundMauritius makes plans for sovereign fintec...
6025 views comments | 7 tweets | 2 linkedin
satelliteSingapore and Egypt bolster fintech co-ope...
5359 views comments | 6 tweets | 1 linkedin
Tandem turns to the crowd for £4 million fund raiseTandem turns to the crowd for £4 mill...
5154 views comments | 5 tweets | 2 linkedin

Featured job

to £100K base, double OTE, benefits
London, UK

Find your next job