With the leading investor award for start-ups, the Financial Centre Frankfurt honours outstanding FinTech companies in six different categories. The jury’s vote went to AUTHADA GmbH in the Seed/Early Stage category and to Barzahlen – Cash Payment Solutions GmbH in the Late Stage Category, while solarisBank AG received the prize for the best FinTech in the Growth Stage category. TransferWise Ltd. was voted the Best Foreign FinTech on the German market. The special prize for the best PropTech was awarded to Exporo AG, while Wefox Germany GmbH was honoured in the special InsurTech category.
The organisers, Börsen-Zeitung (WM Group), Business Angels Frankfurt RheinMain, Frankfurt Main Finance and TechFluence, have now presented the FinTechGermany Award to high-potential FinTech companies for the fifth time. “Our ‘Golden Garage’ award offers young entrepreneurs, in particular, the opportunity to enter into dialogue with FinTech insiders and financial centre representatives and expand their network. We are pleased to be able to offer this platform for the fifth time,” says Dr. Jens Zinke, Managing Director of the Börsen-Zeitung. Andreas Lukic, Chairman of Business Angels Frankfurt RheinMain comments: “We award the prize to the best FinTech, InsurTech and PropTech companies, whose innovative business models and new technologies create value and transform the financial sector. At the same time, the Financial Centre Frankfurt offers the entire financing chain for start-ups – from their foundation and time of growth until they become established.” Hubertus Väth, Managing Director of Frankfurt Main Finance says: “Cooperation between FinTechs and the established players in the financial centre is the key to future success. The FinTechGermany Award creates the platform to make this possible.” And Michael Mellinghoff, Managing Director at TechFluence UK, adds: “In awarding this prize, we above all support start-ups with promising FinTech concepts, while at the same time increasing their visibility on the German market.”
The focus of the sixteen-strong jury was on the companies’ financial viability, scalability and exit capability. Among other things, they evaluated the business concept, competitive advantages, positioning, financial plan and management. The “Seed/Early Stage” category comprises FinTechs with no or only initial revenues, and with no or only a basic prototype. Companies with at least cumulative six-digit revenues were able to apply for the “Late Stage” category. The prerequisites for an award in the “Growth Stage” category were a more than seven-digit turnover and international expansion. Günter Rothenberger, the founder of Günter Rothenberger Industries GmbH and inventor of the R-System, donated the six perpetual trophies in the form of gold-plated water pump pliers mounted on American oak.
Andreas Plies, managing director of AUTHADA GmbH, stated: “The prize is not just for us alone, but for the entire company. It’s nice to have your work recognised.” Ulrike Czekay, Head of PR & Marketing at Barzahlen – Cash Payment Solution GmbH, aims to begin with the payment infrastructure and “dispel customers’ fear of digitisation and offer new possibilities.” Jörg Diewald, Chief Commercial Officer at solarisBank AG, announced, “Our Sales division is growing, and we are desperately looking for new employees to meet our customer needs.” Thomas Adamski, European PR Manager at TransferWise Ltd, was delighted with his trophy, “Our foremost concern is to help people and enable them to drastically reduce the cost of foreign bank transfers. Especially in such a large and active market as FinTech, I am immensely grateful that the scene is very open to new alternatives. I am delighted to be here and get to know all the nice people from the different areas.” Botho von Hülsen, Senior Manager at Exporo AG, commented that “A lot of construction is taking place in Germany, and fund packages can also be purchased from us in the form of products consisting of existing properties. Our digitalisation rollout is initially planned for France and the Netherlands, as the economic performance of these countries can be easily assessed.” John Shewell, Head of Group Marketing & Communications at Wefox Germany GmbH, felt honoured by the golden garage trophy and expressed that “It is a privilege to be here tonight. At the same time, it is also an honour for all tech start-ups to have the opportunity to transform the financial industry. We want to make insurance easy and convenient for our customers.”