Yesterday evening was the starting point of Deutsche Boerse’s fintech hub in Frankfurt, marking the entry of the first major company of the region in supporting Hessian State Government’s fintech initiative for creating a fintech cluster in Frankfurt.
For the start, there will be a total of four start-ups moving into their new Frankfurt offices in the next days: Fintura (loan rate comparison portal for SMEs), dwins (account switching service), savedroid (automatic money saver app) and Cashlink Payments (payment system). Out of the four companies, three of them will also make a relocation to Frankfurt.
This is an open invitation for other start-ups to book a fully-equipped facility in flexible co-working spaces. Deutsche Boerse is now offering the spaces for free.
Carsten Kengeter, CEO of Deutsche Börse AG, said: “With our FinTech hub being part of the Hessian State Government’s FinTech initiative, we want to give start-ups in the financial sector a jump start, thereby contributing to the creation and development of a FinTech community within Frankfurt’s financial centre. Frankfurt should become Germany’s leading FinTech centre.“
Hauke Stars, Deutsche Börse Executive Board member responsible for Cash Market, Pre-IPO & Growth Financing, commented: “Promoting innovative business ideas is part of our broad offering, which begins with start-ups and continues with later-stage financing via Deutsche Börse Venture Network, extending through to IPOs and traditional exchange trading. To this end, we will be introducing additional offerings in the future.”