Hessen Trade and Invest has, in cooperation with Frankfurt Main Finance and Wirtschafts- und Infrastrukturbank Hessen, published a new brochure highlighting the many qualities of the FinTech ecosystem in the Frankfurt Rhein-Main region. Hessen Minister of Economics, Energy, Transport and Regional Development, Tarek Al-Wazir states in the brochure, “The digital transition taking place in the financial industry represents an opportunity that we are ideally equipped to capitalize on. The Rhine-Main region is a financial center as well as an ICT industry hot spot. This combination offers enormous potential in today’s world where digital technologies are giving rise to the creation of entirely new business models. And it is precisely this potential that we are now in the process of mobilizing.”
The brochure offers a concrete outline of why Frankfurt and Hessen offers the perfect conditions for international investors and FinTech start-ups. The Financial Centre Frankfurt offers FinTech companies a unique set of location specific advantages. In addition to the numerous supervisory authorities and regulatory agencies, the greater Frankfurt area is home to outstanding expertise in the ever-important are of IT security. In November 2016, the German federal government designated the Financial Centre Frankfurt the digital hub for FinTech and financial services as part of their greater digital hubs initiative.
Frankfurt am Main is already home to great FinTech success stories. One such example is 360T, an electronic FX trading venue that was acquired by Deutsche Börse Group in 2015 for 725 million euros. Another success story is Frankfurt based robo-advisor Vaamo. Born out of the Goethe University’s Unibator, Vaamo quickly became a partner in the B2B segment, working with the likes of N26, Santander and 1822direkt.
Future success stories in the FinTech space are currently being written in Frankfurt’s many incubators and accelerators. As part of the Digital Hub initiative, Frankfurt’s Tech Quartier was named the German FinTech Hub. Tech Quartier offers a varying array of working spaces for start-ups of all sizes. The FinTech brochure maps out the locations of Frankfurt’s incubators and accelerators, like the Deutsche Börse FinTech Hub or Accelerator Frankfurt, illustrating the dynamic FinTech ecosystem and cluster. This dynamic ecosystem is enriched by a numerous events series occurring almost weekly as well as awards for entrepreneurs, like the FinTechGermany Award where the top FinTechs are honored with a Golden Garage.
To learn more about Germany’s leading FinTech ecosystem in the heart of Europe, download the brochure from Hessen Trade and Invest here.