January was a good month for fintechs

The German fintech scene can look back on the second most successful start to the year in its history.

Fintechs in this country were able to raise 275 million euros in investor funds in January. Last year, it was just 57 million euros in the same period. This is the result of an evaluation of the management consultancy Barkow Consulting

. The German fintech scene can thus look back on its second most successful start to the year since 2016. Only in January 2019 was the investment volume in fintechs even higher. At that time, 296 million euros flowed into the companies.

Mambu was able to close the largest deal in January. The fintech received 110 million euros and thus became a unicorn. The valuation of the Berlin-based startup went even higher and now stands at €1.7 billion. The main investor in the round was TCV, whose portfolio also includes companies such as Netflix, Klarna and Airbnb. Mambu sells banking software designed to help companies simplify the offering of their financial products and get them to customers quickly and securely.

Other successful funding rounds closed in January included Elinvar (€25 million), Moonfare (€25 million), Moss (€21 million) and Remagine (€20 million).