Germany in third place worldwide for fintech investments

Germany ranks third in the world when it comes to investments in fintechs. Investors have already poured 2.4 billion US dollars into German fintechs this year. This is according to an analysis by Dealroom.co and London & Partners. In a country comparison, only the USA (26 billion US dollars) and the UK (5.7 billion US dollars) are ahead of Germany. Berlin is the fifth most invested city in the world. In the first half of 2021 alone, investors poured 1.9 billion US dollars into Berlin fintechs.

In the city ranking, San Francisco is in first place with 7.2 billion US dollars in the first half of the year, followed by London, New York and Palo Alto. "London and Berlin are two of the world's leading tech hubs and help the European tech ecosystem to compete globally," says Miriam Ducke, Director of Europe at London & Partners. "Although London remains Europe's leading hub for fintech investment, it's great to see strong growth in Berlin as this provides many opportunities for the cities to collaborate in advancing the latest fintech technologies such as crypto and insuretech."

European fintechs have raised a total of 13.9 billion US dollars so far, an increase of 50 percent compared to the investment level for the whole of 2020.

The coronavirus pandemic has accelerated the introduction of new fintech products, the study explains. As a result, investment sums have also reached new highs. So far alone, as much capital has been invested in fintechs as in the whole of last year.