Fintech Accelerator launched in Stuttgart

fintogether wants to make it easier for young fintechs to get started and at the same time make Baden-Württemberg a central location for young financial start-ups.

Dr. Michael Völter is now aiming high. "We would like to see a unicorn come out of Stuttgart in the coming years," says the CEO of Börse Stuttgart. He and the fintogether team celebrated the opening of the new workspace in the heart of Stuttgart in front of a good forty guests.

The new fintech accelerator is not only intended to promote young companies, but also to bring the start-up community together with companies in the federal state in the long term. The start-ups for the first batch have been selected. Guests included the program's sponsors, mentors and, of course, the start-ups, who were delighted to take a close look at their new office. Representatives of the Ministry of Economic Affairs and the Stuttgart Stock Exchange were also present, who initiated the initiative and will support it in the long term.

We would like to see a Unicorn from Stuttgart in the coming years.

Dr. Michael Völter, Chairman of the Executive Board of Börse Stuttgart

During the three-month program, the start-ups not only receive office space but also the opportunity to take part in over 25 workshops. The participants will have access to 30 mentors, including from partners such as SAP, EY and Amazon Webservices. They will not only lead workshops, but also provide access to the local and national network of the Stuttgart financial center, from which the participants can benefit.

Six start-ups are taking part in the first batch of fintogether:

• Sicher-Autokaufen.de aims to digitize the purchase of used cars between private individuals. To this end, the start-up from Ulm offers a platform on which, among other things, buyers and sellers are checked in advance. Buyers should also be able to protect themselves against fraud and damage to the car.
• Edgefy wants to give private investors access to automated and algorithmic share and crypto trading.
• The Stuttgart-based start-up Pinsl sees itself as a bridge between traditional art and non-fungible tokens (NFTs). With these certificates, for example, a digital work of art is registered on a blockchain. This makes it possible to register its owner as well as purchases and sales.
• CinIT Solutions has developed software to measure the ecological footprint of industrial plants.
• The idea behind filimeo is to use digital mentoring to teach young and older people about finance. The aim is to equip them to make investment decisions.
• The sixth start-up in the batch is aktien.studieren. This young company also wants to strengthen financial education, but especially for school pupils and students. To this end, it has developed a stock market simulation with which users can learn financial skills in a fun way.

An active fintech scene is essential for the future viability of any financial center. It not only brings innovative business models and employees to the region, but also offers established companies opportunities for cooperation and investment.

Dominik Schütz, Head of the Stuttgart Financial location initiative

The second batch is planned for the first quarter of 2022. Anyone interested in taking part can contact the fintogether team now.

Disclaimer: Fintogether, like Startbase, is a Stuttgart Financial project dedicated to promoting Germany as a start-up location and Baden-Württemberg in particular.