24 FinTech Companies in Berlin That Fuel German FinTech Innovation

April 27, 2016     By : Sofia

As one of the Europe’s hubs of innovation along with London, Berlin has an impressive array of FinTech companies successfully operating both within and beyond Germany’s FinTech ecosystem.

Smava is a Germany-based online comparison site for personal loans on which each participant can obtain a loan online with the best terms from a wide selection.

Avuba provides payment products and mobile-first bank accounts to market.

Friendsurance has implemented the concept of online peer-to-peer insurance which combines social networks with well-established insurance companies. Customers can connect to form individual insurance networks, thereby lowering their annual insurance premiums by up to 50%.

fintech companies in berlin

Number26 is building the most modern bank account in Europe and the first one that can be managed entirely on a smartphone. The company provides more than 80,000 customers with accounts for cash withdrawals, deposits and overdraft services up to 2,000 euros via a slick smartphone app.

Mambu enables banking providers to create, launch and service loan and deposit products through its cloud banking platform. Mambu accelerates time to market for new consumer and SME banking products via innovative channels. Mambu is powering more than 100 financial institutions. The company’s platform allows financial institutions to launch and manage loan products, transactional accounts, documents and optimize a variety of other processes.

Billfront was born out of FinLeap, an international FinTech company builder. Their mission is to deliver cheaper, simpler and more transparent financial services to businesses and consumers. BillFront gives ad networks, publishers and app developers faster access to their revenues.

iZettle is a mobile payments company based in Stockholm, Sweden and markets a single application and service called iZettle. The company’s offerings include everything from credit card readers to complete point-of-sale solutions and free sales overview tools.

OptioPay is an online payment platform which increases payments by offering higher-value gift cards as a payment method.

Decimo offers factoring services to freelancers and SMEs.

BillPay is a free unified billing and payment service that makes all your billing and payment experiences easy, safe, convenient and environment-friendly. They are a Singapore-based unified billing and payments technology company.

Orderbird is a provider of iPad POS systems that facilitate reporting functions. The iPad POS system Orderbird POS is for bars, restaurants and clubs. The cash register system can be individualized according to the user’s needs. The company is valued at $66.67 million. Among its partners are Payworks, Airfy, SimpleOrder, Concardis and PayPal.

Cookies is all about the seamless experience of paying your friends without any fee. As promised by the company, users can enjoy a smooth and quick onboarding experience and a great design. Trust for the solution is built upon a variety of factors, among which are users’ profile pictures in the app.

Payleven is a German firm that offers an NFC-based mobile chip-and-PIN card reader that was deployed in the European market in 2014.

Elefunds is a social impact enterprise that aims to revolutionize the way people raise funds digitally. Elefunds provides a  fundraising-as-a-service platform and offers to round up all types of electronic payments to donate by giving change to the charities users love.

Based in Berlin, Lendico is a transparent marketplace for loans. The platform connects borrowers and investors avoiding the excessive costs of traditional banking. The savings are passed right through to the customers. Lendico does a strict quality control of all borrower projects and coordinates all payment transactions on top.

Savedo is the one-stop-shop for retail investment products in Europe. It solves the drought period for risk-averse Central European savers while building a more efficient and user-friendly distribution layer on top of bank processes and products.

Better Payment is an innovative payment gateway that allows to develop, make payments online and to accept payments in mobile applications.

PrestaCap aims to revolutionize the way in which smaller businesses access finance by connecting them directly to a wide range of investors. The company’s vision is to support local economies and enable SMEs across Europe to grow.

FinReach is a Berlin-based startup developing SaaS solutions for financial service providers. The company solves problems in the digital interaction between companies and their customers.

Bitbond is a peer-to-peer bitcoin lending platform. Users can borrow bitcoins or lend bitcoins to other users. Bitbond conducts a credit rating for all borrowers before they can publish projects on its marketplace. The platform counts over 16,000 borrowers and provides loans for up to 100,000 with rates starting at 7.7%. Bitbond leverages bitcoin as a technology and payment network to create the first global market for small-business loans.

Spotcap is an innovative online lender for SMEs. The company is headquartered in Berlin, with local offices in Madrid, Amsterdam and Sydney. Spotcap focuses on a business’ recent performance by leveraging state-of-the-art technology instead of historical financials and credit scores.

Brickgate aims to change the way people invest in real estate. The company is on a mission to make investing in European real estate as easy & rewarding as investing in market-priced, publicly-traded stock.

SumUp is a European mobile point-of-sale (mPOS) company. With SumUp, merchants can accept credit and debit cards using their smartphones or tablets in a simple, secure and cost-effective way.

Kapilendo is a German marketplace lender that specializes in SME finance.  The company also offers SMEs a platform to increase their digital presence and reach by actively promoting their business through PR work, social media and networks.

Sofia

Sofia is a contributing writer for LTP based in New York. She is a market research professional skilled in data analysis and visualization. Sofia has an extensive experience in consumer behavior studies and marketing analytics. She is passionate about disruptive startups with innovative business models that are having a powerful impact on the industries.

If you have any suggestions or questions for the author, please email us at follow@letstalkpayments.com