Germany in third place worldwide for fintech investments
Germany ranks third worldwide when it comes to investments in fintechs. Investors have already invested 2.4 billion US dollars in German fintechs this year. This is the result of an evaluation 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 city with the fifth highest investment amount worldwide. In the first half of 2021 alone, investors put 1.9 billion US dollars into Berlin fintechs.
In the city rankings, 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, helping the European tech ecosystem compete globally," said Miriam Ducke, Director of Europe at London & Partners. "While 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 on advancing the latest fintech technologies such as crypto and insuretech."
European fintechs have raised a total of $13.9 billion to date, a 50 percent increase over investment levels for the entire 2020.
The Corona pandemic accelerated the adoption of new fintech products, the study explains. As a result, investment amounts have also reached new highs, it says. So far, as much capital has been invested in fintechs as in the whole of last year.
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