display
Fintechs play a special role in the scene of internet-based growth companies: On the one hand, they have more employees on average than other start-ups.
On the other hand, women are even more under-represented there than in other start-ups.
This is the result of the Fintech Startup Monitor 2021, which is available exclusively to WELT AM SONNTAG and will be presented on Wednesday by the Federal Association of German Startups.
Fintechs are young companies that change financial services through the use of modern technologies.
According to the report, there are 712 companies of this type in Germany. One in five of them employs more than 50 people - only five percent of all start-ups are that big.
The annual turnover of the fintechs is also several times higher than the turnover of other start-ups.
More than half of them achieve one million euros and more, while only a good 20 percent of all start-ups currently achieve this turnover.
display
This is also reflected in the reviews.
With N26, Mambu, wefox and Deposit Solutions, four of the 16 German unicorns are fintechs according to the report.
Unicorns are foundations that are valued at more than one billion euros.
Fintechs are dominated by men even more than other start-ups.
The proportion of women among the founders is only seven percent, while it is 16 percent for all start-ups.
By far the greatest number of fintechs - four out of ten - settle in Berlin, followed by Munich, Frankfurt and Hamburg.
And they look more and more across borders: three quarters are planning internationalization in the next twelve months, and only two thirds of all start-ups.
display
This text is from WELT AM SONNTAG. We will be happy to deliver them to your home on a regular basis.
Source: Welt am Sonntag