FinTechGermany Award Honors Best FinTechs
Frankfurt Main Finance, Business Angels FrankfurtRheinMain and WM Gruppe (Börsen-Zeitung) will award the FinTechGermany Award Golden Garage on June 14, 2018 at TechQuartier. An open jury session will occur on March 7, 2018 beginning at 11:45 AM in conjunction with WM-Gruppe’s 11th annual Finanzplatztag (Financial Centre Day).
The renowned prize for entrepreneurs will honor the most promising FinTech, InsurTech, and RegTech companies from the following categories: Seed-/Early Stage, Late Stage, Growth Stage und Foreign New Entrant to Germany. The jury, comprised of the Financial Centre’s top actors and FinTech supporters, will award the prizes to the FinTech, InsurTech and RegTech companies whose business models show the most promise for the future success and to add long term value to the marketplace. The three most important criteria are financial viability, scalability, and exit-potential.
Additional details are available on the FinTechGermany Award Website.
Latest News on the FinTechGermany Award
Promoting the Frankfurt FinTech ecosystem would not be complete without recognizing some of the top FinTech start-ups for their accomplishments. On November 17, 2016, Frankfurt Main Finance, Business Angels FrankfurtRheinMain and WM Gruppe held the annual FinTechGermany Awards ceremony to present FinTech companies with a Golden Garage. Companies competed in four categories: Early/Seed Stage, Late Stage, Growth Stage and New entrant into Germany. The jury’s three most important judgement criteria were financial viability, scalability and exit-potential.
Guests filled the ground floor of the Pollux building which would host the inauguration of the Frankfurt FinTech Hub, Tech Quartier, later that evening. Certainly a symbolic location for the conferral of these awards, as the opening of Tech Quartier marks the culmination of months of work by Frankfurt Main Finance and other actors in the Financial Centre to promote Frankfurt’s FinTech ecosystem. Before the room would be consumed by the pomp and circumstance of state ministers and foreign delegates, it was transformed into a Golden Garage. This new concept should harken back to famous founders, like Jobs, Gates and Page, who worked tirelessly in their garages developing technologies that would later change the world. Rounding out the effect were golden tools across the tables and stage, where the awards – called Golden Garages- rested upon a pulpit of golden tires. Only the founders with the most promising and innovative business models would take home a Golden Garage, a symbol that should act as a signal to investors of the value and potential of these start-ups.
The top sponsor of this year’s FinTechGermany Awards was Deutsche Börse. Executive Board Member, Hauke Stars, explained, “We want to contribute to Frankfurt becoming the leading location for FinTech in Germany. To this end, it is critical that all involved work together to build up a community that is attractive to FinTechs and allows all actors to profit from one another.” Frankfurt has indeed developed a significant FinTech ecosystem and is now home to more than 50 FinTechs and several FinTech hubs, incubators and accelerators as well as a mass of regular events. Stars continued on the importance of these efforts and the Golden Garage, “The FinTechGermany Award helps to spotlight these efforts.” Other sponsors of the awards included EY, Baker McKenzie and the IHK Frankfurt.
The event began with opening words from Frankfurt Main Finance’s President, Dr. Lutz Raettig, who explained the importance of digitalization for the financial sector and economy. Commenting on the Financial Centre Frankfurt as a destination for FinTech Start-ups, Dr. Raetting stated that, “Simply put, we have a start-up ecosystem in Frankfurt and a great infrastructure which is practically second to none. Furthermore, we have what many cities do not, which is especially important for the FinTech sector, and that is the ability to test and experiment with new applications, because the end-users are in Frankfurt.”
Dr. Jens Zinke, Managing Director of Börsen-Zeitung, took the stage as master of ceremonies to introduce presenters as well as the Golden Garage winners. In his opening remarks, he discussed the growing importance of FinTech. According to Zinke, the first mention of FinTech in the Börsen-Zeitung was in 2014. He continued to state that FinTech is now a reality of everyday life and that, “in the past twelve months, there have been over 300 articles published about FinTech in the Börsen-Zeitung, or more than one per day.” This increasing relevance of FinTech underscores the importance of the FinTechGermany Awards and the support of the Financial Centre for the FinTech ecosystem.
The Golden Garage winnners for each category are:
- Seed/Early Stage: Scalable Capital
- Late Stage: CRX Markets
- Growth Stage: WebID Solutions
- Foreign new entrant to Germany: Quantoz N.V.
Being honored with a Golden Garage is surely a milestone for these young companies, as is the opening of the Tech Quartier for the Frankfurt FinTech ecosystem. In his remarks, Andreas Lukic, Chairman of Business Angels FrankfurtRheinMain, discussed the importance of his work with Business Angels in supporting these young companies. “There is a large financing gap from several million to a few hundred thousand. We wanted to close this gap through our work with the dialogue forum. This prize is one of our best marketing instruments for this.” The FinTechGermany Awards play a critical role in attracting investors’ attention and helping to increase the flow of funding to the region and Germany. Without the necessary funding and support, start-ups would stagnate, not be able to scale, and the brilliant ideas of these innovative entrepreneurs could never be realized.
On November 17, 2016, Business Angels FrankfurtRheinMain, Frankfurt Main Finance, and for the first time WM Gruppe (Börsen-Zeitung) will present the FinTechGermany Awards. The renowned prize for entrepreneurs will honor the most promising FinTech, InsurTech, and RegTech companies from the following categories:
- Seed-/Early Stage
- Late Stage
- Growth Stage
- Foreign new entrant to Germany
The first three categories are not exclusively limited to German FinTech companies.
The FinTechGermany Awards ceremony will take place in conjunction with the grand opening of the Tech Quartier, Frankfurt’s newest FinTech Centre on November 17, 2016 at 17:30. The main sponsor of the award is Deutsche Börse. Additional sponsors include EY, Baker & McKenzie and the IHK Frankfurt am Main.
The jury, comprised of the Financial Centre’s top actors and FinTech supporters, will award the prizes to the FinTech, InsurTech and RegTech companies whose business models show the most promise for the future success and to add long term value to the marketplace. The three most important criteria are financial viability, scalability, and exit-potential. The yearly presentation of the FinTechGermany Awards aims to promote the Financial Centre’s FinTech ecosystem and especially the flow of funding into the region. The founder’s prize also provides the start-ups with more access and visibility to investors, whether it be involvement at their founding, IPO or sale, or simply providing feedback on their intrinsic value.
Hauke Stars, Member of the Executive Board at Deutsche Börse , responsible for Cash Market, Pre-IPO & Growth Financing, explained, “We want to contribute to Frankfurt becoming the leading location for FinTech in Germany. To this end, it is critical that all involved work together to build up a community that is attractive to FinTechs and allows all actors to profit from one another. The FinTechGermany Award helps to spotlight these efforts.”
With regards to the Frankfurt FinTech hub, jury member and President of Frankfurt Main Finance, Dr. Lutz Raettig welcomes the awards, stating, “The prize perfectly complements the FinTech landscape in the Financial Centre Frankfurt. The new FinTech Centre will also benefit Frankfurt’s appeal to German and international investors. Regulators and practitioners will also see this as an advantage. Frankfurt is a global Financial Centre which presents entrepreneurs with the optimal conditions for developing their FinTech company.”
The head of the jury and Executive Chairman of the Business Angels FrankfurtRheinMain, Andreas Lukic, believes that holding the award ceremony in conjunction with the opening of the Frankfurt FinTech Centre sends a clear message. He explained, “This is the ideal environment for our activities. Through the awards, we can facilitate the somewhat difficult access to institutional capital and grants, as well as mobilizing private capital for these FinTech companies.”
The jury consists of:
- Andreas Lukic, Executive Chairman, BA-FRM e.V., Investor/Entrepreneur, Frankfurt, Jury-Chairman & Award Coordinator
- Franz Cong Bui, Chief Online Editor, Börsen-Zeitung, Frankfurt, Sector Expert
- Dr. Marc Gille-Sepehri, SVP Product Management, FIS-Fidelity National Information Services Inc., Entrepreneur, New York City/Frankfurt, Finance and IT Expert
- Eric Leupold, Head of Department Pre-IPO & Capital Markets, Deutsche Börse AG, Eschborn
- Dr. Manuel Lorenz, Partner, Baker & McKenzie, Frankfurt, RegTech and Regulation Expert
- Michael Mellinghoff, TechFluence, London & FinTech Forum Frankfurt, Fintech-Community-Insider
- Simon Nörtersheuser, Co-CEO, Policen Direkt GmbH, Frankfurt, InsurTech Expert
- Dr. Lutz Raettig, President Frankfurt Main Finance, Frankfurt, Capital Markets Expert
- Christopher Schmitz, Partner EMEIA Financial Services, EY-Ernst & Young GmbH, Eschborn
- Alfred Schorno, Global Head of Sales/Managing Director, 360T Group, Business Angel, Frankfurt, FinTech Expert
The Financial Centre Frankfurt will soon honor outstanding FinTech companies with the FinTechGermany Award. FinTech and InsurTech companies with successful and promising business models will compete for the prize. The annual award, presented by Frankfurt Main Finance, Business Angels FrankfurtRheinMain and WM Gruppe (Börsen-Zeitung), will spotlight the German FinTech community and hopefully attract further investment. Top sponsors of the award are Deutsche Bank and Deutsche Börse. This coming September, the jury of FinTech experts and prominent representatives of the financial sector will evaluate applicants in four categories, seed/early stage, later stage, growth stage and foreign new entrant to Germany. The most important criteria considered will be financial viability, scalability and exit strategy.
Jury member and Executive Chairman of Frankfurt Main Finance, Dr. Lutz Raettig, welcomed the announcement of the award, “This award is the perfect addition to the Financial Centre Frankfurt’s FinTech landscape and the forthcoming FinTech Hub will also profit from attention from domestic and international investors. Frankfurt is an international Financial Centre that offers FinTech companies the optimal conditions for successful development and growth.”
Heading the jury is Andreas Lukic, Chairman of Business Angels FrankfurtRheinMain, who explains that the FinTechGermany Award is a positive signal in the context of the Frankfurt FinTech Center initiative. He explains, “The award creates the optimal environment for our efforts. Additionally, we have the opportunity to ease access to institutional capital and subsidies; as well as hopefully mobilizing private capital for FinTech companies.” The founder’s award will give provide FinTech and InsurTech companies access and visibility to investors at all levels as well as relevant feedback on the feasibility of their business models.
Business Angels FrankfurtRheinMain e.V. is the central forum for growing companies seeking investors and for mentoring private investors from across Germany. The organization sees itself as a patron for the youngest generation of businesses, particularly in the Rhine-Main Region and attempts to close the wide funding gap for innovators. Therefore, the network is active in politics, commerce and the community in order to strengthen Business Angels’ role as an integral supporter of entrepreneurs.
Contact Info for Business Angels FrankfurtRheinMain
Andreas Lukic, Chairman, firstname.lastname@example.org
Frank Müller, Managing Director, email@example.com
+49 (0)69 21 97 15 91, Börsenplatz 4, 60313 Frankfurt am Main