Frankfurt is a hotspot for FinTech with over 300 banks located in the city. It also hosts the largest Stock Exchange in Continental Europe, Deutsche Börse Group. All the ingredients for a successful FinTech ecosystem are located within a few square kilometres: a vibrant startup scene, investors, talent, financial institutions, regulators, and a large network of service providers with expertise in regulatory issues and government support. Within Frankfurt Rhine-Main, Darmstadt also features a leading European hub for IT and Cyber security.
Frankfurt Profile
- Data analytics
- APIs
- Machine learning
- Algorithms
- Blockchain/DLT
- Transaction infrastructure
- Digital identity
- Investment management
- Capital markets & exchanges
- Insurance
- Cyber security
- Identity management/KYC
- Limited number of foreign VCs
- Limited international awareness
- Risk aware culture
FX trading platform 360T exit to Deutsche Börse for €725m (July 2015). €13m Series A funding of Clark. KKR $55m funding of artificial intelligence company Arago AG.