Hamburg-Based Fintechs Thriving

March 2019

After raising a record EUR 230 million in venture capital in 2017 and 2018, it goes without saying that Hamburg-based fintechs are thriving.

And some of these hot startups will now have a new home following the January opening of “Finhaven.” The new office is a co-working space and fintech hub on two floors of a building in HafenCity, a revitalized area of the former Port of Hamburg that is home to the new Elbphilharmonie concert hall and the historical Speicherstadt zone, a UNESCO World Heritage Site since 2015.

In addition to providing 100 workstations over around 1,000 square meters, the space aims to foster a strong community by facilitating networking and hosting meet-ups in its large event space, which will be the venue for events such as Fintech Week 2019, the largest gathering of its kind in Germany.

In late 2018, the non-profit Finanzplatz Hamburg e.V. also launched Fintech Hamburg, a platform that aims to bring together start-ups and established businesses in the finance industry to leverage synergies and foster the growth of a regional fintech powerhouse. This networking forum for exchange is also open to anyone interested in Hamburg as a location for digital finance technology, including journalists, students and the general public.

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.

Hamburg HafenCity © Pixabay