Startups move into Frankfurt fintech hub, The Spot
07 April 2017 | 5908 views | 0
German Robo Advisor Ginmon and other FinTechs move into the new center “The Spot” and settle in Frankfurt’s financial district.
With a monthly growth rate of 30 percent and 30 employees an extension of area became necessary for Ginmon. The new accommodation of 400 square meters is situated in the new founded FinTech-Hub “The Spot” (Mainzer Landstraße, nearby François-Mitterrand-Platz). Ginmon’s new office is close to the financial district as well as to the quarter around the railway station. “The new location symbolizes our image as a reachable and accessible financial service provider. The city of Frankfurt matches with our global ambitions”, Lars Reiner, founder and managing director of Ginmon, explains.
Besides Ginmon other finance and technology companies are based in “The Spot”: the FinTech incubator MainIncubator, digital payment service providers Billwerk, M&A-Counseling Clairfield and Digital+ Partners which is a venture capitalist specialized in FinTechs. These services are rounded off by the co-working-center Beehive.
A new dynamism in competition for the German FinTech center is visible: Frankfurt’s young FinTechs organize themselves and network with each other. “The Spot” is the eighth of its kind. Other centers in Frankfurt are the TechQuartier in the Pollux-Tower, the FinTech-Hub at the Deutsche Börse, the FinTech Headquarter in Münchener Straße, VABN at Westbahnhof, Goethe-Unibator at the university, FinTech Group at Westhafen and Deutsche Bank’s Digitalfabrik. According to a startup study from Genome more than 80 FinTechs are based in Frankfurt.