For the fourth time, the Golden Garage was awarded to outstanding FinTech companies on Thursday, June 14, 2018, at the FinTechGermany Award ceremony. The leading investor-driven award for FinTech entrepreneurs, organized by Börsen-Zeitung, Business Angels FrankfurtRhineMain, Frankfurt Main Finance and TechFluence, honours start-ups in six different categories for their accomplishments. Awamo was able to convince the jury of its success in the category Seed-/Early Stage while Optiopay won the category Late Stage. N26 was awarded best FinTech in the Growth Stage. Revolut stood out as „Best foreign FinTech on the German market.” Additionally, the special prize for the best PropTech was given to Exporo. Element Insurance was honoured in the special category Insurtech. The Longlist, consisting of applicants and nominees, featured more than 150 companies.
“FinTechs are of utmost importance to the long-term attractiveness and high economic performance of the Financial Centre Frankfurt,” emphasises Dr. Lutz Raettig, President of Frankfurt Main Finance.
“We are pleased that the FinTechGermany Award provides a platform for start-ups and promotes the financing chain in the region throughout the entire start-up process – from the seed stage to pre-IPO,” states Andreas Lukic, Chairman of Business Angels Frankfurt RheinMain.
“The award ceremony has become a well-established event in the Financial Centre Frankfurt,” says Dr. Jens Zinke, Managing Director of Börsen-Zeitung. “The German FinTech industry continues to grow. We are still at an early stage with regards to the digitalisation of the financial sector,” explains Michael Mellinghoff, Managing Director at TechFluence Consult and Senior Advisor as well as Mentor at FinTech Forum Frankfurt.
The jury’s three most important judgement criteria were financial viability, scalability and exit-potential. They evaluated the business concept, competitive advantages, positioning, financial planning and management. The Seed-/Early-Stage comprises of FinTechs, which either generated their first revenue or had none yet. Companies with a cumulative turnover of at least six figures were able to qualify for the category Late Stage. The category Growth Stage requires companies to have a seven-figure or higher revenue and international expansion to qualify. The special awards recognize important FinTech industry sectors, which are becoming increasingly significant. In addition, the best foreign market participant is being honoured.