FinTech Magazine October 2024 | Page 38

BERLIN
TOP 10

07

Berlin
CLICK TO WATCH : Unlocking Berlin ’ s Fintech Potential with our Industry Pioneers FIBE Berlin

BERLIN

VC : BERLIN ATTRACTED 41.6 % OF GERMAN STARTUP FUNDING , Q1 2023
BNPL USERS : BNPL USE 14 % HIGHER IN 2024 THAN 2023
KEY COMPANIES : N26 , RAISIN BANK , SOLARISBANK
has emerged as a powerhouse in Europe ’ s fintech landscape , hosting over 300 fintech companies as of 2023 . The city attracted 41.6 % of Germany ’ s startup funding in Q1 2023 , with the fintech sector securing a significant portion . Berlin is home to six out of seven German fintech unicorns , and 38 % of all German fintech startups are based in the capital . In the first half of 2021 alone , Berlin-based fintech companies received € 1.6bn ( US $ 1.8bn ) in investments . The city ’ s ecosystem benefits from a diverse talent pool , with 25-50 % of startup employees having international backgrounds .
38 October 2024