The Bank city of Frankfurt falls back in spite of all the efforts for more and more young financial firms are behind the competition. The number of resident financial Start-ups (“Fintechs”) of Munich, obsolete 2018 Frankfurt, according to a study by the Bank Comdirect, which is present the German press Agency. Therefore have settled on the Main 95 Fintechs, slightly less than in the Bavarian capital . A year ago in Frankfurt and Munich were still equal. Unchallenged Berlin remains with 249 financial Start-ups.

“Frankfurt remains as a Fintech location behind the own expectations,” said Comdirect-in-chief Arno Walter. Munich convince, however, donors with a balanced Mix of founders and capital. So had been founded in the years 2017 and 2018 in Munich 22 Fintechs, in Frankfurt, in contrast, only 17.

There is a lack of venture capital on the Main

And while financial Start-ups on the Isar, collected in the period € 174 million in venture capital from investors, one that came to the founder in the Main of only one-fifth of which (36 million). Thus, Frankfurt is at the venture capital in fourth place behind Munich, Hamburg (236 million), and the founder of Mecca Berlin (854 million).

Fintechs have come across in the past few years, innovations in the financial sector. They offer consumers new digital number method and help Save and Invest with Online Asset management, or comparison portals for days money. A number of banks cooperate with Start-ups, in times of digitization to better meet the needs of the customer.