Germany's fintech industry has experienced remarkable growth in recent years, with a diverse array of innovative companies shaping the future of financial services. As the second-largest fintech market in Europe, Germany boasts a thriving ecosystem that attracts talent, investment, and global attention. This article delves into the top 10 biggest fintech companies in Germany, exploring their market share, profit, revenue, number of employees, leadership, services, products, history, and future growth projections for 2025.
1. N26
N26, founded in 2013, is a leading digital bank that has revolutionized the banking experience for millions of customers across Europe. With a valuation of over $3.5 billion, N26 is one of the most valuable fintech companies in Germany. The company offers a range of banking services, including current accounts, debit cards, and mobile banking, all accessible through a user-friendly app. N26 has attracted over 7 million customers and employs more than 1,500 people across its offices in Berlin, Barcelona, and New York. Under the leadership of co-founders Valentin Stalf and Maximilian Tayenthal, N26 aims to continue its rapid growth and expand into new markets in the coming years.
2. Raisin
Raisin, established in 2012, is a fintech platform that connects savers with banks offering attractive interest rates on deposits. With a market share of over 30% in Europe, Raisin has facilitated more than €30 billion in deposits for its customers. The company operates in 31 countries and partners with over 400 banks worldwide. Raisin employs more than 400 people and is led by co-founders Dr. Tamaz Georgadze, Dr. Frank Freund, and Michael Stephan. The company plans to expand its product offerings and enter new markets to maintain its position as a leading fintech platform in Europe.
Scalable Capital, founded in 2014, is a digital wealth management platform that provides automated investment services to individual and institutional investors. With over €3 billion in assets under management, Scalable Capital has become one of the fastest-growing fintech companies in Germany. The company employs more than 200 people and is led by co-founders Erik Podzuweit and Florian Prucker. Scalable Capital aims to continue its growth trajectory by expanding its product offerings and attracting more customers to its platform.
4. Mambu
Mambu, established in 2011, is a cloud-based banking platform that enables financial institutions to launch and scale digital banking services. With a presence in over 65 countries, Mambu has become a leading provider of core banking technology for fintech companies and traditional banks. The company employs more than 800 people and is led by CEO Eugene Danilkis. Mambu plans to continue its global expansion and further develop its platform to meet the evolving needs of its clients.
5. Finleap
Finleap, founded in 2014, is a fintech company builder that supports the creation and growth of fintech startups in Europe. With a portfolio of over 15 companies, Finleap has become a driving force in the German fintech ecosystem. The company employs more than 500 people and is led by CEO Ramin Niroumand. Finleap aims to continue supporting the development of innovative fintech solutions and expand its presence in new markets.
Top 10 German Fintech Companies
6. Solarisbank
Solarisbank, established in 2016, is a banking-as-a-service platform that enables companies to offer financial services to their customers. With a banking license and a range of APIs, Solarisbank provides the infrastructure for fintech companies to build and scale their products. The company employs more than 600 people and is led by CEO Dr. Roland Folz. Solarisbank plans to continue expanding its platform and partnering with more companies to drive innovation in the financial services industry.
7. Deposit Solutions (Deposit Solutions and Raisin merged to form Raisin DS)
Deposit Solutions, founded in 2011, is a fintech platform that connects savers with banks offering attractive interest rates on deposits. With a presence in over 20 countries, Deposit Solutions has become a leading provider of open banking solutions. The company employs more than 400 people and is led by CEO Dr. Tim Sievers. Deposit Solutions aims to continue its growth trajectory by expanding its platform and partnering with more banks and fintech companies.
8. Auxmoney
Auxmoney, established in 2007, is a peer-to-peer lending platform that connects borrowers with investors. With a market share of over 50% in Germany, Auxmoney has become a leading provider of alternative financing solutions. The company employs more than 400 people and is led by CEO Raffael Johnen. Auxmoney plans to continue expanding its platform and offering new products to meet the evolving needs of its customers.
9. Finanzcheck
Finanzcheck, founded in 2011, is a fintech company that provides online comparison and brokerage services for financial products. With a market share of over 30% in Germany, Finanzcheck has become a leading provider of consumer finance solutions. The company employs more than 300 people and is led by CEO Mirko Freund. Finanzcheck aims to continue expanding its platform and offering new products to meet the evolving needs of its customers.
10. Bonify
Bonify, established in 2014, is a fintech company that provides credit scoring and financial management services to consumers. With a focus on financial inclusion, Bonify has become a leading provider of alternative credit scoring solutions. The company employs more than 100 people and is led by CEO Florian Serwe. Bonify plans to continue expanding its platform and offering new products to help consumers improve their financial health.
Future Growth Projections for 2025
The German fintech industry is poised for continued growth in the coming years, with the top 10 biggest companies leading the way. According to industry projections, the German fintech market is expected to grow at a CAGR of over 5% between 2024 and 2029, reaching a market size of over €50 billion by 2025. This growth will be driven by several key factors, including:
1. Increasing adoption of digital financial services: The COVID-19 pandemic has accelerated the adoption of digital financial services, with more consumers turning to fintech companies for their banking, lending, and investment needs. This trend is expected to continue in the coming years, driving growth for the top fintech companies in Germany.
2. Expansion into new markets: Many of the top fintech companies in Germany are already expanding into new markets, both within Europe and globally. This international expansion will help these companies maintain their growth trajectories and solidify their positions as global leaders in the fintech industry.
3. Partnerships with traditional financial institutions: Fintech companies are increasingly partnering with traditional financial institutions to offer their services to a wider customer base. These partnerships will help fintech companies scale their operations and drive innovation in the financial services industry.
4. Regulatory changes: The German government has been supportive of the fintech industry, introducing regulatory changes that encourage innovation and investment. These changes, such as the introduction of the European Payment Services Directive (PSD2), will help fintech companies grow and thrive in the coming years.
5. Talent attraction: Germany's fintech ecosystem has become a magnet for top talent, with many of the world's best and brightest flocking to the country to work for its leading fintech companies. This talent influx will help these companies maintain their competitive edge and drive innovation in the industry.
Overall, the future looks bright for the top 10 biggest fintech companies in Germany. With strong growth projections, a supportive regulatory environment, and a thriving ecosystem, these companies are well-positioned to continue their success and shape the future of financial services in Germany and beyond.