Germany is cementing its position as a leading location for financial technology startups (FinTechs). The key factors influencing expansion in the sector include robust funding from domestic and international investors, the federal government’s active support, and Germany’s pole position as a leading financial center in mainland Europe.
Germany is home to some 800 FinTechs: banking platforms like N26 and solarisBank; loan portal Smava; savings and investment marketplace Raisin; robo-advisor Scalable Capital; and Europe’s biggest FinTech company builder FinLeap, among others.
“As the most populous country and with an economically and politically stable environment, Germany is the most important market in Europe for FinTech startups,” says FinLeap CEO Ramin Niroumand. The country offers direct access to well-trained professionals and serves as an excellent starting point for Europe-wide expansion.