More and more startups are trying to digitize the world of banks and the world of money flows. And more and more of these young fintech companies have a lot of money on the high ridge. Among them only most important ones will take place in the vast market of FinTech. Given below are the FinTech companies that are able to make their place to the top in the FinTech field.
Vitruvian Partners, Kinnevik and existing shareholders invested a whopping $ 100 million in 2018 in Hamburg based FinTech, Deposit Solutions. Which is also known for its interest rate. The company’s valuation increased to $ 500 million with this round of financing. Previously, $ 20 or $ 15 million went into this young FinTech. The valuation was previously around $ 200 million.
Since the summer of last year, Finanzcheck.de, which has offered a comparison service for consumer credit since 2010, is part of Scout24. The marketplace operator paid an impressive 285 million euros for the startup company, which was founded by Moritz Thiele and Andreas Kupke. Previously, Finanzcheck.de, which employed about 230 people before the exit, collected more than 46 million euros of venture capital. Including from Acton Capital Partners, btov Partners, Highland Europe and HarbourVest Partners.
Toscafund Asset Management, a multi asset alternative investment company, as well as Project A, HQ Trust and Dieter von Holtzbrinck Ventures invested € 33 million in Berlin based FinTech Liqid. Which is a digital asset manager, at the end of 2018. Liqid launched in 2016. In addition to asset management, the company offers clients with a minimum investment of € 100,000 access to alternative asset classes such as private equity.
Insight Venture Partners and GIC, a Singapore based investment fund, recently invested a whopping $ 300 million in Berlin’s FinTech N26. Investors such as Tencent, Allianz X, Valar Ventures, Li Ka-Shing’s Horizons Ventures, Earlybird Venture Capital, Redalpine Ventures and Greyhound Capital have so far invested around 500 million in this company, which positions itself as a mobile bank.
Hedosophia, Index Ventures, PayPal, Ribbit Capital and Thrive Capital recently invested another 100 million euros in the Berlin startup Raisin, known in the country as world saving. Altogether, the marketplace for savings and investment products already collected 170 million euros. Via Raisin, online users can invest their money across borders. According to its own information, the company currently connects more than 160,000 customers from 31 European countries with partner banks. Since the launch of Raisin mediated by the press release more than 10 billion euros to partner banks. Theisstatus was last at $ 500 million.
Investors such as BlackRock, Holtzbrinck Ventures, Tengelmann Ventures and Co. have invested 41 million euros in Scalable Capital in recent years. This Munich startup was founded in 2014 by Florian Prucker, Erik Podzuweit, Patrick Pöschl, Adam French and Stefan Mittnik. Scalable Capital offers its clients a globally diversified and tailor made ETF portfolio.
British private equity firm Vitruvian invested in early 2018 together with old investors such as Runa Capital considerable $ 65 million in the Berlin credit broker smava. This status is believed to have been around $ 300 million. At the end of 2016, 34 million US dollars flowed into the company. In 2015, there were $ 16 million. Overall, smava, launched in 2007, already collected $ 135 million.
BBVA, Visa, Lakestar and ABN AMRO DIF invested € 56.6 million in the Berlin banking platform Solaris Bank in 2018 together with the former investors Arvato Financial Solutions and the Japanese SBI Group. Since launching two years ago, this startup, which has a full banking license and is an important partner to many companies, has been earning more than 95 million euros.
For the German-British FinTech SumUp (London, Berlin), which merged with its competitor payleven in 2016. More than 1,000 employees work for it now. In terms of sales, this FinTech claims to have exceeded the $ 200 million threshold. The valuation of this company should now be around 3 billion dollars.