In January 2023, our German FinTech database comprises 1 111 startups in total, including closed ones.
► View the complete list of FinTechs and our interactive map with all details.
In 2022, only 31 new FinTech were founded, but seven were closed, and 12 were acquired. Compared with 2015 to 2020, when more than 100 new FinTechs entered the market every year, this demonstrates that the ecosystem has matured, not only because of the pandemic.
German FinTech funding almost came to a standstill in Q4 2022. In late summer 2022, funding stood at €3 bn, on the same level as the records of 2021, but slowed down significantly in Q3.
Insurance remains the dominant FinTech vertical in Germany in the number of startups, followed by Payment & Remittance and Blockchain & Digital Assets.
Banking is still the FinTech vertical with the highest ecosystem valuation of almost €11 bn, followed by Payment & Remittance (€ 9 bn) and Insurance (€ 7 bn).
Please note that SumUp is a German-British FinTech with headquarters in London and Berlin. Hypoport and flatexdegiro are listed companies.
Revenue growth significantly accelerated in 2021 for those FinTechs which have filed their annual reports, both in average (€ 62 mn) and median (€14 mn) figures.
Average (€ -10 bn) and median (€ -1 bn) EBITs were still negative in 2021.
► View our complete statistics for Germany (for our Silver and Gold subscribers only)
► Download our research reports for various FinTech ecosystems, including Germany