Fintech start-ups on record course in 2021

Felix Leitmeyer Felix Leitmeyer | 16.12.2021

For the first time, there are over 1,000 fintechs in the German start-up landscape. This is the result of a study by Comdirect.

After a slowdown in growth in the previous year, significantly more fintechs are being founded again in Germany: The number of start-ups is even rising to a record high. This is shown in a study by the bank Comdirect, the consulting firm Barkow Consulting and the investor Main Incubator. Comdirect and the Main Incubator are linked to Commerzbank. According to the study, 86 fintech start-ups were registered by September 2021. At the time of publication of the previous year's study, the figure was 48, representing an increase of almost 80 percent.

Another reason for fintech joy: currently, for the first time, there are over 1,000 start-ups in the German fintech sector: at the end of September 2021, there were exactly 1,056 companies. Up to this point, 3.2 billion euros have been invested in the German fintech sector. This means that the current year is already €1.5 billion higher than the previous record year of 2019.

In 2021, 137 financing rounds were also registered by the end of September. The number is thus only slightly below the previous year's total of 142. In the record year 2019, there were 150 funding rounds. There are only a few deals short of that. Since 2012, more than €10 billion in venture capital has flowed into fintechs in a total of 1,076 funding rounds.

"The sector is experiencing a second spring more than 15 years after the emergence of the first German fintechs," said Alena Kretzberg, divisional board member Comdirect and Digital Banking at Commerzbank AG. "Digital finance offerings are benefiting immensely from pandemic changes in consumer and banking habits. This is reflected both in the start-up momentum and in the fact that, after a period of wait-and-see at the height of the pandemic last year, the sector has made up for the slowdown in growth."


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Investor 2013 Frankfurt a. Main main incubator Strategic early-stage investor as well as research and development Unit of the Commerzbank Group

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