{"id":167376,"date":"2018-08-29T07:28:09","date_gmt":"2018-08-29T11:28:09","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/10-most-well-funded-fintech-companies-in-germany\/167376"},"modified":"2024-03-20T14:13:49","modified_gmt":"2024-03-20T14:13:49","slug":"10-most-well-funded-fintech-companies-in-germany","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/10-most-well-funded-fintech-companies-in-germany","title":{"rendered":"10 Most Well-Funded Fintech Companies in Germany"},"content":{"rendered":"
Germany is quickly emerging as a fintech powerhouse<\/a>, with Berlin<\/a> and Hamburg<\/a> in particular witnessing thriving fintech communities. According to EY, Germany hosts over 300 fintech companies<\/a> which raised a record of US$655.4 million<\/a> in 2017.<\/p>\n The followings are ten of Germany\u2019s most well-funded fintech startups based on disclosed funding:<\/p>\n <\/p>\n Founded in 2012 and headquartered in Hamburg, Kreditech covers more than five markets worldwide, amongst others Russia, Mexico, Spain and Poland. Up until now, the company has processed more than four million loan applications through its subsidiaries.<\/p>\n <\/p>\n N26 also partners with fintech and traditional financial companies to deliver best-in-class products such as TransferWise (foreign exchange), Raisin (savings), Clark and Allianz (insurance), auxmoney (credit), and others.<\/p>\n N26 has more than 1 million customers across 17 European markets. N26 currently operates in Austria, Belgium, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Netherlands, Portugal, Slovakia, Slovenia, and Spain, and it intends to enter the UK and US markets in 2018.<\/p>\n <\/p>\n Its proprietary Open Banking technology provides an infrastructure for the global US$50 trillion deposit market that benefits banks and savers alike. Deposit Solutions is already connecting more than 70 banks from 16 countries and additionally operates proprietary B2C Points-of-Sale (ZINSPILOT and SAVEDO) that market selected deposit offers of its partners directly to savers.<\/p>\n <\/p>\n Smava arranges over \u20ac1 billion worth of loans per year.<\/p>\n <\/p>\n Spotcap\u2019s online application is straightforward and can be completed in as little as five minutes, either online or in collaboration with a financial advisor, broker or accountant. Leading institutions now collaborate with Spotcap to provide their SME clients with an efficient and straightforward lending experience.<\/p>\n <\/p>\n solarisBank is currently live and serving partners in six European countries including Germany, the Netherlands, Austria, the United Kingdom, Belgium and Greece.<\/p>\n <\/p>\n Raisin gives customers the possibility to open deposits at attractive interest rates across Europe free of charge. All deposits are 100% guaranteed up to \u20ac100,000 per saver and bank by each national Deposit Guarantee Scheme in accordance with EU directives.<\/p>\n Raisin is one of the best capitalized fintech companies in Europe, as it raised over \u20ac70 million<\/a> from investors such as PayPal, Index Ventures, Ribbit Capital and Thrive Capital.<\/p>\n <\/p>\n It offers Simplesurance, a software solution that enables the customer to buy a product online and also purchase corresponding insurance. The company provides its products to e-commerce and electronic manufacturer. The company also offers digital broker services for customers to manage their insurance on their phones.<\/p>\n More than 2,000 partners including renowned companies such as OnePlus, Huawei Technologies, Rakuten, Revolut, check 24 and many more, use the company\u2019s cross-selling platform.<\/p>\n <\/p>\n Scalable Capital is active in the UK, Germany, Switzerland and Austria. It is regulated by the Financial Conduct Authority (FCA) in the UK, and the Bundesanstalt f\u00fcr Finanzdienstleistungsaufsicht (BaFin) in Germany. It manages over \u20ac1 billion of assets under management from more than 30,000 clients.<\/p>\n <\/p>\n Clark allows users to assess their insurance status through an app or website. Based on algorithms, the robo-advisor provides analysis on the customers\u2019 insurance situation and automatically proposes optimization opportunities by searching for tariffs from more than 160 insurance companies. On request, experts are available to assist customers with specific questions.<\/p>\n How to Start Bitcoin trading<\/a><\/p>\n How to buy Bitcoin with Paypal<\/a><\/p>\n Bitcoin Era<\/a> Review<\/p>\n<\/div>\n The post 10 Most Well-Funded Fintech Companies in Germany<\/a> appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH<\/a>.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":"Kreditech Holding \u2013 US$282M<\/a><\/h4>\n
Kreditech Holding<\/a> uses machine-learning technologies and non-traditional data sources to provide access to better credit for the underbanked. The company\u2019s product offerings include consumer loans, a digital wallet and a personal finance manager designed to help customers manage their credit score and plan their spending. Kreditech also offers a \u201clending as a service\u201d model, allowing partners to integrate Kreditech\u2019s credit products via an API into their own platform and services.<\/p>\n
N26 \u2013 US$215M<\/a><\/h4>\n
Headquartered in Berlin, N26<\/a> provides mobile banking services for customers including making and handling of current accounts, fixed accounts, and other banking services, letting customers manage and control their banking details via a smartphone application easily.<\/p>\n
Deposit Solutions \u2013 US$143.6M<\/a><\/h4>\n
Founded in 2011 and headquartered in Hamburg, Deposit Solutions<\/a> is a provider of the Open Banking platform for deposits connecting banks and depositors across Europe.<\/p>\n
Smava \u2013 US$135M<\/a><\/h4>\n
Founded in 2007 and based in Berlin, Smava<\/a> is Germany\u2019s loan portal making personal loans transparent, fair, and affordable for consumers. Based on digital processes, Smava provides a market overview of 70 loan offers from 25 banks, ranging in value from \u20ac1,000 to \u20ac120,000. In this way, borrowers can choose and conclude the deal most favorable to them. With an average loan value of more than \u20ac10,000, borrowers can save up to \u20ac2,000.<\/p>\n
Spotcap \u2013 US$132.92M<\/a><\/h4>\n
Spotcap<\/a> is online lender for small and medium-sized businesses (SMEs) founded in 2014 and headquartered in Berlin. It operates as a direct lender to SMEs in the UK, the Netherlands, Spain, Australia and New Zealand where it offers promising businesses access to flexible finance.<\/p>\n
solarisBank \u2013 US$112.76M<\/a><\/h4>\n
Founded in 2016 and based in Berlin, solarisBank<\/a> is banking platform with a full banking license which enables companies to offer their own financial products. Through APIs, partners gain access to solarisBank\u2019s modular services including payments and e-money, lending, digital banking as well as services provided by integrated third party providers.<\/p>\n
Raisin \u2013 \u20ac70M<\/a><\/h4>\n
Founded in 2013 and based in Berlin, Raisin<\/a>, formerly SavingGlobal, is the a pan-European online marketplace for savings products. After launching the German platform WeltSparen.de in 2013, the company\u2019s service is now available in English across Europe (Raisin.com). In addition, the company offers localized platforms for the German, French, Spanish and Austrian markets.<\/p>\n
Simplesurance \u2013 US$57M<\/a><\/h4>\n
Founded in 2012 and based in Berlin, Simplesurance<\/a> is an insurtech company that designs, develops, and provides cross-selling software solutions for e-commerce that integrate into the checkout process of online shops and allow the purchase of insurance at the point of sale.<\/p>\n
Scalable Capital \u2013 US$45M<\/a><\/h4>\n
Scalable Capital<\/a> is a digital investment service founded in 2014, with offices in Munich and London. It uses proprietary software to offer portfolios which are dynamically optimized with a primary focus on risk management. State-of-the-art technology enables the company to offer a first class investment service, previously only available to large institutional investors, to individuals at a fraction of the cost.<\/p>\n
Clark \u2013 US$45M<\/a><\/h4>\n
Based in Berlin and founded in 2015, Clark<\/a> is an insurance robo-advisory platform providing transparent, cheap and comprehensive insurance coverage.<\/p>\n
Further reading<\/strong><\/h2>\n