Statistics from the German ecosystem as of August 2024
In August 2024, our German FinTech database comprises 1 200 startups in total, including closed ones.
► View the complete list of FinTechs and our interactive map with all details.
The number of FinTechs is stagnating. So far this year, six new companies have entered the market, but at the same time four FinTechs have closed and six others have been acquired. Some of the acquired ones might be integrated and closed by their new owners later.
Funding is slowly picking up again, at least in total volume. With some more activities in autumn, we might come close to 2022 numbers. However, the number of funding rounds (41 so far) might end up at an 8-year low.
The strongest verticals are still insurance, payment & remittance, and blockchain & digital assets—there has been no change from last year.
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).
The overall ecosystem value is almost 54 billion euros.
N26 still tops the list of German FinTech unicorns with a valuation of 8.5 billion euros. With BaFin lifting its growth restrictions and N26's biggest European competitor Revolut aiming for an IPO valuation of more than 40 billion dollars, there should still be potential for more.
Please note that SumUp is a German-British FinTech with headquarters in London and Berlin. Hypoport and flatexdegiro are listed companies.
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