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Deutsche Börse FinTech hub – the start-up location in financial centre Frankfurt

Deutsche Börse FinTech hub – the start-up location in financial centre Frankfurt

Fintec hub
The Rhine-Main region offers a key advantage as a centre for FinTech companies: established financial institutions, supervisory authorities and central banks are all located within very close proximity. Around 80 FinTechs are already active in the area as shown in a study by consulting firm EY. These businesses grow at an average rate of 45% – the highest rate in Germany. As a means of further anchoring Frankfurt as a FinTech base, Deutsche Börse launched the FinTech Hub in Frankfurt in April 2016. This move supports the Hessian State Government's FinTech initiative with its Tech Quartier, but also directly promotes young FinTechs. The hub also represents a step towards increasing IPOs in Germany. The idea is to promote the overall ecosystem, from the FinTech hub for start-ups, through the Deutsche Börse Venture Network for growth companies, to an IPO on the Frankfurt Stock Exchange.

Carsten Kengeter, CEO of Deutsche Börse AG, said: “With our FinTech hub being part of the Hessian State Government's FinTech initiative, we want to give start-ups in the financial sector a jump start, thereby contributing to the creation and development of a FinTech community within Frankfurt's financial centre. Frankfurt should become Germany's leading FinTech centre.“

The new hub will provide a total of around 60 workstations on the 450m2site of a former pharmaceutical plant.

It will provide young companies with fully equipped offices featuring high-speed internet. The start-ups can choose between own offices for their whole team and co-working spaces with a flexible reservation system.

The facilities will also house conference rooms, a lounge area and a cafe as additional space for creative work, networking and events. Deutsche Börse Venture Network experts will also be on site to offer the companies consulting and provide them with contacts.

 

Deutsche Börse initially selected Fintura, a loan rate comparison portal for SMEs, the innovative banking service company dwins, the saver service savedroid and the payment system Cashlink, from 25 applicants. With savedroid the first start-up completed a major financing round in June 2016. Three of the four FinTechs even moved their headquarters to Frankfurt for this purpose. Further FinTech start-ups as well as the Deutsche Börse Venture Network growth companies can reserve co-working spaces on a daily, weekly or monthly basis – for example, if they have appointments in Frankfurt.

Success at Deutsche Börse FinTech Hub

Interviews with a co-founder of each of the fintech companies

Additional Information

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