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.
Nufin
Founder/s: Ante Krsanac, Anton Rummel
Founded year: 2019
Funding: NA
Berlin-based Nufin provides financial services that are intended to change the way businesses think about liquidity and payments. The fintech company provides services that constantly check the financial data of its customers and let users organise expenses with credit cards in a digital way and to simplify bookkeeping.
Vantik
Founder/s: Til Klein, Lara Haemmerle
Founded year: 2019
Funding: €2.2M
Vantik is a Berlin-based pensiontech startup that enables people to save money and retire with confidence. The company is at the seed stage right now and is backed by strong investors. Its vision is to bring about a simple and secure private pension that is flexible and inspires millennials to save for their future.
Joonko.de
Founder/s: Eric Lange, Andreas Schroeter, Carolin Gabor
Founded year: 2019
Funding: €10M
Joonko‘s financial platform gives users financial peace of mind. It lets them focus on fairness, transparency and radical simplicity in this industry. They launched their first product – a car insurance comparison within months of their debut. Users can compare and choose to get the best car insurance amongst the top car insurers. Also, the company is all set to bring about banking and insurance products soon.
Bambus.io
Founder/s: Patrick Wollner, Franz Hoerhager
Founded year: 2019
Funding: €100k
Bambus.io is a Berlin-based fintech provider of liquidity solutions. The company is intended to provide a balanced investment strategy to its users. Bambus.io provides a digital platform to real estate owners that lets its users access financial advice and associated financial products aimed at releasing liquidity from the real estate asset.
Matter Labs
Founder/s: Alex Gluchowski, Alexandr Vlasov
Founded year: 2019
Funding: NA
Matter Labs operates with the mission to accelerate the mass adoption of public blockchains. It is an R&D company focused on Zero-Knowledge Proofs (ZKPs) and their practical application in public blockchains. Zero-Knowledge Proofs are the most promising solution to the problem of blockchain scalability.
Stock photo from Savvapanf Photo/Shutterstock
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