Startup News Germany – November Wrap-Up

/Startup News Germany – November Wrap-Up

Startup News Germany – November Wrap-Up

House Keeping

Once again we are Number 1;-) This time our German podcast got put there by a Hamburg based “founder initiative HEI” on their website http://www.hei-hamburg.de/blog/hoert-euch-schlau-podcasts-fuer-gruender/

 

Video in English:

  •  We sat down for a short chat with Brant Cooper, NYTimes bestselling author of “The lean entrepreneur”. You can find the video of course on our YouTube channel
    • Brant Cooper – “The Lean Entrepreneur” in a short interview with Startupradio – YouTube http://ow.ly/Ua0q306IsWc

 

Audio Episodes:

  • An interview with a startup from the social impact lab Frankfurt: MEJO! aims to improve the life of diabetes patients with data science, focusing on the Spanish speaking countries, working with behavioral data – startuprad.io http://ow.ly/r2TP306Itfg
  • Frankfurt Celebrates Innovation, the award ceremony for the startups, who get to go to the USA with the German Accelerator Program. We interviewed a few startups and you can tune in here for some interviews and event highlights – startuprad.io http://ow.ly/JI2H306ItV4

 

Eco System 

Report of the Ministry of Finance: Germany on its way to become a fintech nation (GER) http://buff.ly/2gdbIaR

From the report:

  • A total of 433 Fintech businesses with operations in Germany were identified; 346 of those remain active. The other 87 businesses either did not begin their operations before 2016 or else are no longer active
  • We estimate the total volume of the potential addressable markets of the financing and wealth management sectors in Germany to equal almost 1.7 trillion EUR in 2015. This figure comprises a market volume of approximately 380 billion EUR for the financing sector and about 1.3 trillion EUR for the wealth management sector. In a real case scenario, we forecast growth in the total market volume of FinTechs of approximately 58 billion EUR in the year 2020 and 97 billion EUR in 2025. In 2035 the market could realistically reach a volume of up to 148 billion EUR.
  • Almost 87 % of the surveyed financial institutions currently cooperate with a FinTech business and strive for cooperation with or a participation in a FinTech business in the future.
  • After the UK, Germany is the second largest FinTech market in Europe. Internationally, Germany is rapidly catching up.

And here is a PDF summary of the report in English: http://www.bundesfinanzministerium.de/Content/DE/Standardartikel/Themen/Internationales_Finanzmarkt/2016-11-21-Gutachten-kurz-en.pdf;jsessionid=31B1E5E0508FDEF49B49A6302F86D60C?__blob=publicationFile&v=1

 

KPMG Fintech Pulse: Germany again tops UK for FinTech funding in Q3’16: Germany saw almost 35% more funding to VC-backed FinTech companies than the UK for the second consecutive quarter, led by financings to Smava and FinanceFox. You find the link to the PDF here: https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2016/11/the-pulse-of-fintech-q3-report.pdf

 

 

Hubs 

KPMG made a list of 100 FinTech Innovators. The list of the emerging stars from Germany made it Kreditech (#7 Hamburg) and Spotcap (#29 Berlin – Rocket Startup)

In the Global Leaders Ranking made it Pair Finance (# 90 – Berlin) and Solaris Bank (# 96 – Berlin)

https://home.kpmg.com/xx/en/home/media/press-releases/2016/10/the-fintech-100-announcing-the-worlds-leading-fintech-innovators-for-2016.html

Article in German: http://www.gruenderszene.de/allgemein/fintech100-fintech-innovators-kpmg-2015-1601 

Frankfurt 

Deloitte UK sees bright future for Frankfurt, as a FinTech hub in its recent report. Around the world in 21 hubs | Deloitte UK http://buff.ly/2eQKpiA

 

German Fintech Awards been awarded in a ceremony in Frankfurt

  • Seed-/Early Stage: Scalable Capital (Robo Advisor from Munich and London)
  • Late Stage: CRX Markets (An independent marketplace for Asset-Based Financing solutions and connects Buyers, Suppliers, Banks and Institutional Investors from Munich)
  • Growth Stage: webID Solutions (Web based ID from Berlin)
  • Foreign new entrant to Germany: Quantoz (a Blockchain startup from the Netherlands)

You can learn more on the links below (mostly in German)

http://www.startupvalley.news/de/scalable-capital-gewinnt-fintechgermany-award/

https://www.webid-solutions.de/de/

https://quantoz.com/

 

Coffee retail startup Roast Market raised more than 1 million this year, in two rounds. More details have not been disclosed. http://ow.ly/DBvO306AbFL

 

Tech & Startup Events Frankfurt RheinMain – Now every week in English! https://hallofrankfurt.de/tech-startup-events-frankfurt-rheinmain-a67bc901d088#.ak0dq9piz

 

In the ministry of finance from the state of Hessen, there have been “countless” requests from banks, companies and startups from the UK after the Brexit vote reports Frankfurter Neue Presse http://www.fnp.de/rhein-main/Warum-der-Brexit-eine-grosse-Chance-fuer-Hessen-ist;art801,2347265

 

From our discussion, the list of InsurTech startups from Frankfurt https://rhein-main-startups.com/2016/08/22/insurtech-startups-aus-frankfurtrheinmain/ and the InsurTech meetup. 

 

Berlin and Hamburg

Everybody seems to be on the hunt to profit from Brexit: Gründermetropole Berlin writes that Berlin and Hamburg now work on a startup tour together to lure startups from London over http://ow.ly/9qEP306pmiZ

 

Companies

 

We found the captable of hyped Berlin FinTech N26 / Number26 – Bottom line VCs control 54%, management 35,88 %, 8 business angels 6,13%, approximately 3% for Springer’s Plug and Play of the company. The company is therefore valued at 154 mn US$ http://ow.ly/COOp306nwbu

Related: CTO leaves hyped Berlin based fintech N26 http://www.gruenderszene.de/allgemein/christian-rebernik-abgang-number26

 

Even established companies fail … frequently in ecommerce: From a unicorn to a “no-corn” the well established chocolate company Ritter Sport wanted to produce a unicorn chocolate, only available online and … two times their online store just broke down. This lead to some ridicule on social media, using the hashtag #glittersport  – So, not only startups fail, but they can surely learn to get load tests before you expected a big wave of purchases http://ow.ly/JC1K306bYSE

 

Rocket Internet Corner

 

move24 vs. movinga. Both startups help you to find the right person to move house now they also have a TV ad battle going: https://www.deutsche-startups.de/2016/11/07/move24-vs-movinga-jetzt-auch-im-tv/

Keep in mind movinga has already been in the news in the past

so now, there is more competition going on here. We keep you updated.

 

Startup wins lawsuit in Germany against Ryanair, can still by delay claims from passengers, which Ryanair tried to prohibit. Now the startup flight right can still buy late claims from the passengers  http://ow.ly/TMgN3062sm1

Unister you may remember the company with the many vacation portals that went in insolvency with a questionable end to the founder? We promised to keep you up to date. Now the insolvency administrator sold the first subsidiary http://ow.ly/II60306bu7I

 

Jörn’s find Icaros gives you with a funny chair and VR glasses the feeling of flying.

http://www.vrfitnessinsider.com/interview-icaros-co-founder-johannes-scholl/

 

Stay ahead of the curve

By |2017-01-06T14:00:50+00:00December 8th, 2016|News|0 Comments

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