The document summarizes key findings from a study of FinTech deals and startups in Europe and Germany. Some of the main points include: - Global FinTech funding reached $12.1 billion in 2014, up significantly from previous years. European funding was $1.1 billion in 2014, five times the amount in 2013. - Germany saw over $175 million in disclosed FinTech funding in 2014, though total estimates exceed $300 million. Popular areas for startups included lending, payments, and investment/trading technologies. - Many large FinTech deals and acquisitions in recent years involved companies in online payments, lending, and financial management aggregates. Banks face threats but also opportunities from FinTech

1. 1
FinTech
Deal
Highlights
+
Key
Results
from
the
2nd
Study
of
FinTech
h$p://fintechforum.de/Studie
Samarth
Shekhar
Co-­‐Founder,
FinTech
Forum
|
Founder
&
MD,
TechFluence
22nd
June
2015,
Vienna
FinTech
Forum
a
BankITX
and
TechFluence
iniFaFve

2. 2
FinTech
in
Numbers:
Global,
Europe
&
DACH
Funding:
Global
1
-­‐ $930M
in
2008
-­‐ $12.1
B
in
2014
Funding:
Europe
2
-­‐ $1.1
B
(5x
of
2013)
Funding
D.A.CH
-­‐ $175+
(disclosed)
3
-­‐ $300m+
(total)
2
Sources:
1
CB
Insights
/
Accenture
2
Financial
News
/
Dow
Jones
Venture
Source
3
TechFluence
research

3. 3
$250
M
Adyen:
outsourced
mulF-­‐channel
payment
soluFon
$150
M
Square:
merchant
payments
/
financial
services
aggregator
$150
M
Stripe:
online
payment
soluFon
for
merchants
$130
M
Renrendai:
P2P
lending
$85
M
Credit
Karma:
credit
score
and
financial
management
$80
M
Sofi:
Student
loan
consolidaFon
&
refinancing
$80
M
Powa
Technologies:
internaFonal
(e-­‐/m-­‐)
commerce
$77
M
OnDeck:
Business
/
SME
lending
$75
M
Avant
Credit:
Personal
loans
$65
M
Funding
Circle:
P2P
business
lending
$870
M
raised
at
~
$8.9
B
valuaFon
$200
M
raised
at
~
$1.3
B
valuaFon
FinTech
Deal
Highlights:
Global
|
2014
IPOs
Source:
2nd
Study
of
FinTech
in
DACH
+
CE,
FinTech
Forum
/
TechFluence

4. 4
FinTech:
Opportunity
or
Threat?
Banks’
inerFa
=>
opportunity
for
(non-­‐bank)
compeFtors
$4
Trn
Revenue
+
$470
Bn
Margins
at
risk
*
(*
Goldman
Sachs’
report
March,
2015)

5. 5
FinTech
Investments
by
Non-­‐Financial
Sector
Firms
Source:
CB
Insights

6. 6
Key
Results:
2nd
Study
of
FinTech
Startups
by
FinTech
business
area
(n=206)
22
21
5
10
10
8
45
13
39
6
27
Capital
Markets
Technology
Crowdfunding
Cryptocurrency
Data
AnalyFcs
Insurance
Invoicing
&
AccounFng
Lending
/
Banking
Other
Payments
Security
Trading
&
Investment
Source:
2nd
Study
of
FinTech
in
DACH
+
CE,
TechFluence
h$p://fintechforum.de/studie

7. 7
Selected
ParFcipants:
2nd
Study
of
FinTech
!
!
!
! !
! !
!
!
!
!
! !
! !
!
! !
!
Expansive!Ventures!
!
!
! ! ! ! !

8. 8
Deal
Highlights:
D.A.CH
2011-­‐2013
($50-­‐60M)
Mobile
card
acceptance
(Square
rival).
Rocket
Internet
,
plus
over
€10
mn
from
New
Enterprise
Associates,
ru.net, Holtzbrinck
Ventures
in
2012
Cloud
Banking
Platform:
$2
mn (Point
Nine
Capital,
Runa Capital
and
Kizoo in
2013)
Online
payment
startup
(Stripe
rival).
>
€14
mn
(Holtzbrinck
Ventures,
Sunstone
Capital,
Blumberg
Capital)
in
2013.
P2P
lending.
$12
mn
(Index
Ventures,
Union
Square
Ventures
in
2013)
Big
data
credit
scoring/micro-­‐lending.
Multi-­‐mn.
€ from
Blumberg
Capital,
Point
Nine
Capital, Heiko
Hubertz (Bigpoint),
Samwer Brothers
in
2013.
Licensed
Web
2.0
Bank.
(JZI,
CFP,
Anthemis Group,
Life.SREDA etc.
Online
credit
marketplace.
>
€ 4
mn
.
Privatbank
Banca
Sella
,
Earlybird,
Neuhaus
Partners
in
2011
Swedish
payments
firm
Klarna acquires
Germany’s
Sofort For
$150M
E-­‐Loan
Specialist
Wonga
Buys
BillPay,
The
PayPal
Of
Germany…
Japan‘s
Minkabu
acquires
stock-­‐centric
community
sharewise.com
InvestmentsM&A
Source:
2nd
Study
of
FinTech
in
DACH
+
CE,
FinTech
Forum
/
TechFluence

9. 9
Deal
Highlights:
D.A.CH
|
2014
($175
M+*)
€4
M:
Vogel
Ventures,
High-­‐Tech
Gründerfonds,
MCB
Salt
etc.
N.A.:
SevenVentures
€4
M:
Target
Partners,
Mercura
Capital,
Mercury
Capital
N.A.:
DvH
Ventures
N.A.:
Orange
Growth
Capital,
Redalpine
Venture
Partners
N.A.:
DvH
Ventures
N.A.:
DvH
Ventures
~€42
M:
Värde
Partners,
Point
Nine,
Blumberg,
Kreos
etc.
€13
M:
Access
Industries,
Holtzbrinck
Ventures
etc.
~€13
M:
FoundaFon
Cap,
Partech,
Sco$
Bommer
etc.
“mulX-­‐mn
€”:
Berlin
Tech
Holding,
ALSTIN
etc.
“double-­‐digit
mn”:
Life.SREDA
€
3
M:
private
/
mulFple
investors
€
4
M:
Zobito,
Target
Partners
€
2.5
M:
Route
66
Ventures
€6
M:
SpeedInvest,
VHB
Ventures,
Lang
&
Schwarz
etc.
€2.5
M:
Luminor
Capital
“mulX-­‐mn
€”:
Li
Ka-­‐Shing
/
Horizons
Ventures,
VantageFund
(Australia)
N.A.:
FinLeap,
Point
Nine
Capital,
DvH
Ventures
€4.2
M:
SBT
Venture
Capital,
Orbium,
Polytech
Ventures
€0.2
M:
Point
Nine
Capital,
Nelson
Holzner
(BillPay
CEO)
Insurance
Lending
/
Banking
Payment
PFM
/
Trading
Security
Bitcoin
N.A.
€12
M:
main
incubator,
Sopware
AG
N.A.:
main
incubator,
Check24,
T-­‐Venture
*
Disclosed
deals
only.
Source:
2nd
Study
of
FinTech
in
DACH
+
CE,
FinTech
Forum
/
TechFluence

10. 10
Berlin
Inventorum
$5M
Spotcap
$16.3M
SumUp
$13.1M
Bitbond
$0.3M
Düsseldorf
Auxmoney
$16M
Frankfurt
Traxpay-­‐$15M
Vaamo-­‐
$3.1M
Ayondo-­‐
$4.0M
Hamburg
Kreditech
$55M
München
Finanzchef24-­‐
$5.0M
LaterPay-­‐
$3.8M
Wien
Wikifolio-­‐$7.5M
Yverdon-­‐Ies-­‐Bains
Netguardians
$5.2M
Base
map:
"D-­‐A-­‐CH
locaFon
map"
by
NordNordWest
-­‐
own
work,
using
United
States
NaFonal
Imagery
and
Mapping
Agency
data.
Licensed
under
CC
BY-­‐SA
3.0
via
Wikimedia
Commons
FinTech
Funding
Map
(2014):
D.A.CH
Walldorf
Treasury
Intelligence
$5M
$55M
$34.7M
$22.7M
$8.8M
$16M
$7.5M
$5M
$5.2M
Source:
2nd
Study
of
FinTech
in
D.A.CH/CEE
Disclaimer:
All
numbers
are
approximaFons
based
on
disclosed
deals
only,
All
numbers
are
based
on
public
sources
for
academic
purposes
only.
We
are
not
liable
for
any
errors
or
omissions.

11. 11
Deal
Highlights:
D.A.CH
|
2015
(year
to
date)
Source:
2nd
Study
of
FinTech
in
DACH
+
CE,
FinTech
Forum
/
TechFluence

12. 12
FinTech
Forum
Alumni
Selected
Achievements
xWare42:
FinTech
InnovaFon
Lab
(2015)
BitBond:
funding
€800K
in
2
rounds;
semi-­‐finals,
Innotribe
Moneymeets:
funding
(undisclosed);
semi-­‐finals,
Innotribe
Wikifolio:
funding
€6M
TraxPay:
funding
€15M.
PYMNTS.COM
2014
AWARD
Vaamo:
funding
(€2.5M)
Lendstar:
funding
(undisclosed);
Innotribe
&
BBVA
Open
Talent
Cashboard:
winner,
7VPD
/
NOAH
Conf.;
finals,
BBVA
Open
Talent
Fidor:
Banking
IT
InnovaFon
Award
2014,
Global
Growth
Co.
Bankless24:
Banking
IT
InnovaFon
Award
2014
Cashcloud:
Banking
IT
InnovaFon
Award
2014,
listed
June
2015
at
Frankfurt
Stock
Exchange
*
Disclosed
amounts,
based
on
public
sources
e.g.
h$p://venturebeat.com/
,
h$p://venturevillage.eu/,
h$p://www.gruenderszene.de/,
h$p://techcrunch.com/
etc.
We
are
not
liable
for
any
errors.

13. 13
PresenFng
Startups:
5th
FinTech
Forum
22nd
June,
2015
|
Vienna
We
make
money
available
to
customers
by
various
consumer
loan
products.
Investors
profit
through
porwolios
we
originate.
AlternaFve
financing
for
well-­‐
established
SMEs.
Mobile
Fan
Engagement
plaworm
to
engage
and
moneFse
the
fan
community:
“Tap,
Tap,
Done!”
Patented
technology
w/
simple,
secure
mobile
payment
across
card
issuers.
Send
money,
make
purchases
or
pay
bills
to
any
SEPA
bank
account:
with
Cashila
and
Bitcoin.
"We
move
money":
Mobino
enables
mobile
payments
for
5
billion
people.
The
distribuFon
channel
for
banks
that
cuts
cost
of
sales
and
pays
customers!
Rethinking
the
way
you
discover
bank
advisers
and
communicate
with
banks.
Simply
more
returns:
invest
and
build
wealth
with
the
best
mutual
funds.
The
back-­‐end
sopware
for
the
quickest
start
of
any
FinTech
product
Real-­‐Fme
micro
lending
as
your
new
credit
line
“Heute
Leistung,
Morgen
Geld”
–
factoring
soluFons
for
freelancers
and
entrepreneurs.
Bitcoin,
the
easy
way!
Buy
or
sell
bitcoins
and
other
Cryptocoins!
Blockchain-­‐based
digital
cash
soluFons
to
move
money
between
enterprises,
people
and
appliances
Vending
for
a
new
generaFon
The
first
cost
saving
mulF-­‐
banking
gateway
+

14. 14
THANK
YOU!
Download
a
free
excerpt
of
our
2nd
Study
of
FinTech
hip://www.fintechforum.de/studie/