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07.17.17

FinLeap Reveals New Funding, Partners, HQ

European Central Bank sign in Germany

German fintech incubator FinLeap has a spring in its step with new capital, new partners and a new HQ.

The company has raised around €39 million (US44.76 million) from several investors, including the German Insurer Signal Iduna, SBI Group from Japan and the Dutch NIBC bank, reports Paybefore sister publication Banking Technology. Furthermore, the reinsurer Hannover Re, as a big institutional investor, raised its share.

Yoshitaka Kitao, CEO at SBI Group, says the fintech sector is of “great importance to us” and “as one of the largest and most professional players, FinLeap already belongs to the elite of this sector.”

Finleap says it has launched 12 fintech ventures so far and is active in 10 European countries.

Some of these ventures include digital insurance platform Element, which is partnering with Signal Iduna for new products and services; insurance firm Talanx; and SolarisBank, which created the “first” global banking platform.

Along with the new names and funding, FinLeap’s headquarters in Berlin are being relocated from Berlin-Mitte to Charlottenburg. The new office is not only a campus but also the “official de:hub for fintech.”

FinLeap explains that it was selected by Germany’s Federal Ministry for Economics Affairs and Energy as part of the “Digital Hub Initiative” in a national tender. The locations chosen to be de:hubs help innovation and interchange between established corporations and international investors.

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Image Credits: Lars Aronsson

This entry was posted on Monday, July 17th, 2017 at 10:32 am and is filed under Pay News, Pay World.

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