Frankfurt FinTech Report #1

The Frankfurt FinTech scene is always buzzing with events and new initiatives. Follow our weekly review each Friday to stay up to date!

Accelerator FFM

The first class of Start-ups have begun their four-month program at Accelerator Frankfurt, an independent accelerator that gets startups investment-ready by finding cooperation partners, customers and investors. The first wave consists of eight startups: Alyne (RegTech, compliance as a service), Beeeye (credit scoring using machine learning), Cindicis (contextual intelligence platform), Fenror7 (Cybersecurity for enterprises) Pronteo (peer to peer FoodTech), Schnellspesen (FinTech, automated expense management), Secured Touched (Cybersecurity for mobile devices) and Wroomer (efinance platform for used cars). Commenting on the program kick-off, Accelerator Frankfurt’s Founder Ram Shoham stated, “The program would not be possible without the help or our strategic partners AtoBe, Beiten Burkhardt, d-fine and die firma, each providing the startups with necessary services that will help to accelerate their learning curve and probability of success.”

Frankfurt Main Finance would like the congratulate the eight Start-ups which were selected from more than 150 applicants. Furthermore, start-up accelerators play an important role in the ever expanding Frankfurt FinTech ecosystem. FMF has long supported efforts to attract accelerators to the Frankfurt Rhine-Main region and will continue to do so. Accelerator Frankfurt brings together expertise and mentors from Germany, Israel and Scandanavia, creating a perfect example of private initiative and international cooperation. Successful start-ups are an important stimulus for the local economy, creating jobs and attracting investment to the region.

The Accelerator program will end with a demo day in January 2017.

Women in FinTech

On Monday, September 22, 2016, the kick-off meeting of Women in FinTech was held in the offices of Frankfurt Main Finance. Initiated by Marguerite Arnold, the event series is intended to address how to increase the proportion of women entrepreneurs and in the FinTech sector in general. Amongst the many themes discussed in the evening, including financing opportunities, legal conditions, information channels, and networking, all agreed that there is a need to increase the visibility of women in the FinTech and finance sectors. The next Women in FinTech evening will take place on October 25th and explore the legal requirements and procedures for founding a Start-up.

Start-Up Grind

On Thursday, September 22, 2016, the Frankfurt Startup Grind chapter hosted their seventh event. Hosted on the 48th floor of PWC’s building in Frankfurt’s Westend, breathtaking views of the Financial Centre to accompanied conversations between members of Frankfurt’s vibrant FinTech community before the formal programming. Speaking at the event were Hartmut Giesen and Andreas Wiethölter. Giesen, of Sutor Bank, manages business relations and is responsible for the strategic development of the Sutor Startup-Platform. Andreas Wiethölter is the CMO and Managing Director of Deposit Solutions, a Hamburg-based FinTech which launched ZINSPILOT as a B2C product in 2014. The video from the event can be found at Startup Grind Frankfurt’s Facebook.

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