Investment Platform Scalable Scales Up Big Time
There’s a new member of the German unicorn club. Munich fintech Scalable Capital is now worth USD 1.4 billion according to business website deutsche-startups.de.
Industries / Consumer Industries & Corporate Services
Insurtech Wefox Joins the Multi-Billion Dollar Club
How to turn a fox into a multiple unicorn? All it takes is a promising business idea and a massive influx of capital such as the USD 650 million just raised by Berlin Insurtech Wefox.
German Consumers Continue Switch to Contactless Payment
A new survey commissioned by digital business association bitkom has confirmed what anyone who has recently visited a German supermarket knows. Amidst the coronavirus pandemic, shoppers are increasingly turning to electronic payment options.
Simulating Taste With Smell
Fledgling Munich company air up is making waves in the beverage sector with a flavored water that, strictly speaking, contains no taste at all.
German Fintech Increases Value Sevenfold
There’s exponential growth, and then there’s this. Berlin fintech and trading app Trade Republic has just concluded a USD 900 million round of funding and is now valued at USD 5.3 billion after being rated at USD 730 million at the end of last year.
Frankfurt Leads Data Centers Pack
Germany’s financial capital Frankfurt is also the top address in German-speaking Europe for data centers – that’s the conclusion reached in a new study by consultants Pricewaterhousecoopers and and the German Data Center Association.
Fair Trade Claims More of German Market
A growing number of consumers in Germany are demanding social equity when making their purchase decisions
From Cyberpunk to Wild West: The 2021 German Computer Game Prize Winners
Germany’s Ministry of Transportation and Digital Infrastructure, together with the Association of the German Games Industry and the Foundation for Digital Gaming Culture, have handed out their yearly accolades.
German Games Market Was a Big Winner in 2020
Sales revenue in the gaming industry rocketed up 32 percent last year. German industry organization game registered more than EUR 8.5 billion in sales in 2020 compared with just under EUR 6.5 billion in 2019.
Germany’s Newest Unicorn is Gorillas
Berlin food delivery start-up Gorillas is the latest fledgling firm to join the coveted club of companies valued at USD 1 billion or more.
