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 Germany were able to raise 275 million euros in investor funds in January. In the same period last year, the figure was just 57 million euros. These are the findings of an analysis by Barkow Consulting. The German fintech scene can therefore 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. Back then, 296 million euros flowed into the companies.

The largest deal in January was concluded by Mambu. The fintech received 110 million euros, making it a unicorn. The valuation of the Berlin start-up rose even higher and now stands at 1.7 billion euros. 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 make it easier for companies to offer their financial products and bring them to customers quickly and securely.

Further successful financing rounds were completed in January by Elinvar (25 million euros), Moonfare (25 million euros), Moss (21 million euros) and Remagine (20 million euros).