Germany is a fintech powerhouse with its capital Berlin being home to many such companies. According to a report, between January 2019 and August 2020 over $2.2B was invested into the German fintech sector. The report also notes that between 2015 and Aug. 2020, fintech funding in Germany has risen steadily, except for a slight slump in 2017. It’s not just the funding frequency that has increased, the average values of the deals have also risen – from $3M in 2015 to $24M at the end of 2019. These trends are clear indicators of the fact that the German fintech market has been maturing over the last 5 years, and has garnered more trust from the investors.
Meet the new entrants
With the recent boom in the fintech industry, amid the pandemic, we have listed some of the latest Berlin-based fintech startups. According to Dealroom, these young startups entered the market in 2019, and are already creating quite some buzz.