Study: German FinTech market is gaining momentum

the The German Start-up market could win in the field of financial technologies in the past year and will continue to do so. The current study and thus confirmed the study from the last year.

By Phillip Horch
At the 2. January 2019ShareFacebookTwitterLinkedInxingemail

The German FinTech-landscape-spreads slowly. And although the Federal government is doing a difficult, quickly a regulated ground.

for example, German FinTech were able to collect companies in the first nine months of the year 2018, a total of 477 million Euro. The above comes from a recent study. Under the name of "Germany FinTech Landscape: FinTech beyond borders – cross-border FinTech activity" published by the company EY, the results of the study, which took the German FinTech market under the magnifying glass. The company found that the market for financial-technology waxes, although, as before. In comparison to the years 2016 and 2017, the growth have declined, however.

These findings coincide with the study. We found that the Foundation of the company in the Blockchain-the area in the year 2017 had their previous Boom. In Germany, the Bitcoin-high phase a total of 34 Blockchain-companies were founded at the time.

Not all FinTech start-UPS were successful

HEY now, in addition to found out, were all of these start-UPS successful. So a total of twelve companies were in the years 2016-2018 your operation at the same time, to give up. Ten of them, so you can refer to the study, had to file for bankruptcy. The year 2018 is provided with a total of four failed FinTech companies a quarter of the unsuccessful Start-ups. The majority of them wanted to offer solutions that are in the area of Business-to-Customer. These were to try to penetrate in those segments, in which companies with customers communicate and where there are already established big Player.

The met the established financial elite, especially with experience. Because as you can see from the study by EY, responded to large companies such as banks, however, by started directly in order to cancel your own projects to life.

The Top Performer in the 2018

The study by EY also provides a Ranking of the most successful companies in financing matters. These include:

N26 – 130-million-Euro Deposit Solutions 88 million euros, Solaris, Bank – 57 million Eurosmava – 55 million EuroLiqis – 33 million euros