posted at 23:50
Author: Felicitas Hackmann, VentureVillage
Tue, 02 Dec 2014 07:00:29 +0000
The Germans are coming to financial tech, with a new S.F.- and Berlin-based incubator
Berlin-based company builder HitFox announced it is going into financial tech by starting an incubator called "FinLeap." It plans to start four to six FinTech companies a year, each receiving between €500,000 to €5 million seed investment. Though London is known to be the hot spot for FinTech startups in Europe, HitFox, an ad-tech and big data company, has announced that its FinLeap division will open offices in Berlin and San Francisco. While Berlin is known to be the startup capital in Germany, it is still an interesting choice, as banks and other FinTech related companies in Germany usually pick Frankfurt as their location, where many financial institutions are headquartered. Not only did the accelerator Startupbootcamp FinTech take place there, many FinTech startups and investors are located in the Rhine-Main area. It's a company builder, not an incubator By analyzing the market and seeing issues, FinLeap's experts will find new products, solutions and business models. The goal is to make services more transparent, cheaper or easier to use, the company states. Within three years HitFox opened offices on three continents for 8 companies with 300 employees overall. Besides two of its co-founders, Jan Beckers and Dr. Hanno Fichtner, other FinTech specialists, such as Jochen Siegert, the former director of strategy at PayPal Europe, will manage the new division.

Posts Archive