The Top 10 Fintech Startups in Germany, Austria and Switzerland (DACH)

Recently we posted a story on Fintech Start-ups in Berlin. Here is a list of the leading Fintech companies in the DACH region.

Here is our previous post on Fintech Companies in Berlin. Here are some more stories on start-ups in Germany: #startups, #blockchain

N26 (Germany): Founded in Berlin, Germany in 2013, N26 is mobile-first bank without any physical branch that aims to disrupt the traditional banking industry. In July 2016, N26 received its banking license, giving it full regulatory approval to operate across the European Union. By December 2016, N26 had been active in 17 countries across Europe, serving some 200,000 customers. N26 has raised over US$52 million in funding and is backed by the likes of Peter Thiel, as well as venture capital firms Earlybird Venture Capital, Valar Ventures and Horizon Ventures.

Kreditech (Germany): Kreditech is a German online lender offering loans to individuals based on their creditworthiness which the company analyses using online data. The company aims at providing credit access to people with little or no credit history. Kreditech uses a self-learning algorithm which analyses big data. It uses location-based information, social networking information, hardware data, online shopping behaviour and general online behavior to determine one’s creditworthiness.

Figo (Germany): Head quartered in Hamburg, Figo provides a banking API that gives access to its “banking-as-a-service” platform. The platform aggregates financial sources from over 3,100 banks and financial institutions, and connects modern services with more than 55 million online banking accounts in Germany and Austria. The company is targeting the Single Euro Payments Area (SEPA) in total, and the solution is fully compliant with the Payment Service Directive 2 (PSD2). Figo has raised over US$11 million in funding so far and is backed by Deutsche Borse.

Spotcap (Germany): Spotcap, a start-up of Rocket Internet, is a European online lender providing business finance to small and medium-sized enterprises (SMEs). The company was founded in 2014 and is based in Berlin with a presence in Spain, the Netherlands, the UK, Australia, and most recently, New Zealand. Backed by Access Industries, Finstar Financial Group and Heartland Bank, among others, Spotcap has raised over US$66 million in funding so far.

Weltsparen (Germany): Weltsparen, the German brand of Raisin GmbH, is an online marketplace for term deposits worldwide serving over 60,000 clients. More than €2 billion has been deposited into the Raisin platforms which includes, and Raisin, formerly known as SavingGoal, aims to become the leading platform for investments and deposit marketplace in Europe. The company was founded in 2013 and is based in Berlin. It has raised over US$64 million in funding so far with backing from Index Ventures, Ribbit Capital and Thrive Capital.

Lykke (Switzerland): Swiss startup Lykke is building a marketplace that uses blockchain technology to offer immediate settlement and direct ownership. The company’s mission is to create a single global marketplace where any sort of financial instrument can be traded and settled peer-to-peer with second-by-second interest payments. Lykke was founded by Richard Olsen, co-founder and former CEO of OANDA, a leading foreign exchange company.

Swisspeers (Switzerland): Swisspeers is a company based in Winterthur, Switzerland, that operates an Internet platform that brings together investors and SMEs in search of capital. The platform is designed to provide an alternative to traditional fixed-interest loans for investors while offering SMEs a more efficient financing tool outside of the traditional banking system.

Amnis Treasury (Switzerland): Zurich-based Amnis Treasury Services specialises in international payments and treasury services, currency exchange, risk management and related advising for SMEs. The company’s mission is to provide SMEs with the ability to settle foreign exchange transactions on the same terms than large companies. The solution relies on a peer-to-peer model and was born out of the idea of disintermediating banks from the foreign exchange process, allowing for reduced costs and administration time.

Wikifolio (Austria): Founded in 2008, Wikifolio is an Austria head quartered online social trading platform for investment strategies. The platform lets traders publish their trading ideas in wikifolios, create a solid track record and build the basis for an exchange traded product, which investors can directly profit from by investing via their existing brokerage account. Wikifolio has raised over US$8 million in funding so far.

Baningo (Austria): Founded in 2015 and based in Vienna, Baningo is a fintech start-up that develops solutions for the banking, insurance and financial services industry. The company provides enterprises customers with a simple and consistent online access to banks and their advisors. For bank advisors, it offers a completely new sales-pipeline. Baningo-select is a software-as-a-service product that enables banks, insurances and other financial service providers to provide customers direct access to their advisors.

Photo credit: Material used in the preparation of this article has been drawn from

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