Foreign investors are lining up to invest in Germany’s FinTech hubs in the hope of backing the next game-changing financial technology. Frankfurt and Berlin, as well as Munich and Cologne, are all gaining momentum as digital financial centers.
Industries / Consumer Industries & Corporate Services
Imports of bicycles and parts to the country climbed by over 30 percent in 2018 .
Investment in German fintech recorded impressive year-on-year growth in 2018 of 55 percent, its fastest growth rate in three years.
The blockchain bank account allows users to have a single account for both normal banking transactions as well as sending, receiving, storing and trading bitcoin.
Foreign investors are hungry for a stake in German food companies.
The city’s finance industry – which enjoys a very long tradition – is already home to 45 fintechs, 50 banks and 30 ecosystem players, which together employ some 50,000 people.
Coca-Cola is investing a total of EUR 55 million into two plants in Germany in response to rising demand for non-carbonated beverages in smaller containers.
Ping An invested EUR 40 million in the Berlin-based company finleap.
The German startup “College Curries” aims to help economically disadvantaged families in India pay the required university fees for their children by giving Indian housewives the opportunity to market their personal curry mixture in Europe.
Thai Union, the world’s largest producer of canned tuna, is building a new refining plant near Rostock, Mecklenburg-Vorpommern.