finleap Insights November 2019

Dear finleap friends,

2019 has been a big year for the fintech industry. Whilst investments in fintech have reached a new high, the market has become increasingly more condensed. This year alone, over €5bn has been invested in European fintechs*.

New technologies have become mainstream, bringing new dynamics to the markets as the demands of customers increase and evolve. Contextual banking is seeking to close this gap by providing high-quality services right when customers need them. An example of where we see an increased need for customized banking, for instance, is with SMEs. The insurance sector is not far behind this trend, as it is equally influenced by changing customer demands for cutting-edge technology solutions.

Of course, these changes are not a local phenomenon, but can be seen across Europe. Due to this ongoing development, it is no surprise that 2019 has been all about evolution and expansion for the finleap ecosystem. So, let’s dive right into the latest news.

Introducing the new finleap abc

 

In 2019, finleap added our new business unit structure finleap assets, finleap build and finleap connect. finleap assets manages assets of exisiting portfolio companies and finleap build develops successful fintech companies of tomorrow.

finleap connect is a new advancement to the finleap universe and offers fintech solutions to various enterprises in a holistic way. The products and services include existing SaaS and PaaS innovations such as “RegShield”, “SwitchKit”, “virtual CFO” and “Digital Bank”, as well as new end-to-end financial solutions and products. Furthermore, finleap connect facilitates the seamless integration of finleap infrastructure platforms solarisBank, ELEMENT, and elinvar.

The decision by Kapilendo AG to use finleap connect and solarisBank for the further expansion of its services is a good example of the positive synergies that arise from the finleap ecosystem: “We are delihted to have gained a customer in Kapilendo who fully utilizes the advantages of the finleap portfolio. We can offer a tailor-made solution with all the desired functionalities”, states Ramin Niroumand. Read more about the collaboration here. 

Would you also like to collaborate with our fintechs to optimize your process? Please feel free to reach out to Chris Scheuermann, Head of Key Account Management at finleap connect: inbound-connect@finleap.com 

Meet our new COO!

finleap COO Birte Sewing

We are very excited that Dr. Birte Sewing joined finleap’s management team as Chief Operating Officer in November 2019. 

Birte focuses on finleap’s portfolio within the business unit finleap assets. She has extensive experience in the financial services industry including banking, asset management and insurance. Before joining finleap, Birte worked for Munich Re’s insurer, ERGO. Prior to that, she was Managing Director at Deutsche Bank.

Read more about Birte joining finleap at Manager Magazin.  

European expansion

finleap International MDs

It is part of finleap’s mission to grow on an European level and for this finleap connect expanded to Spain and France with Ignacio Garcia and Nicolas Montes-Edwards leading the market development from Madrid and Paris respectively. Next to Paris and Madrid, finleap has previously opened its first international office in 2017 in Milan under the supervision of Marco Berini, GM of finleap connect Italy.

finleap fintech summit: edition #1

finleap fintech summit

In September 2019, over 200 industry leaders across the financial, business and investment sectors met in Berlin for a day of keynotes, panel discussions and open forums. The goal? To determine how leaders can work across Germany, Europe and companies to reshape the financial sector together. Amongst the highlights of the day were the opening keynotes from Dr. Jörg Kukies, the State Secretary of the German Ministry of Finance and Jonathan Larsen, the Chief Innovation Officer of Ping An. 

Read more about the summit in our Insights Blog Post.

Switch your car insurance today! 

Joonko

In October, Joonko – finleap’s new digital financial portal – went live! From now on, you can compare car insurance rates on the platform! If you want to switch your current car insurance, you can do so until November 30th, 2019. And don’t worry if you have missed the deadline at the end of this week, you are still eligible for special cancellation up to 4 weeks. This includes if your insurance premium increases, if there is damage or if you get a new car. So, if you or your loved ones have a car, switch your car insurance with Joonko to find the best offer for your needs!

Visit joonko.de and find the best insurance today!

Welcome to the ecosystem, CrossLend!

CrossLend Management Team

finleap is happy to announce its investment in CrossLend, the digital debt marketplace, and welcomes the company to the ecosystem. 

CrossLend is a digital debt marketplace with a mission to make the world’s leading investment ecosystem more efficient, transparent and profitable. By means of an innovative securitization solution, CrossLend seamlessly connects originator supply with institutional investor demand, creating beneficial opportunities for both. With lenders empowered to lend more and investors able to deploy their capital more efficiently, liquidity is able to flow where it is needed: a win-win situation for all.

For more information visit crosslend.com.

Way to go, PAIR Finance!

PAIR Finance

This year, the leading provider of AI-based debt collection and receivables management found two new major partners!

In October 2019, PAIR Finance partnered up with two players: SHS Viveon and Clevertronic.

SHS Viveon is an international provider of a software solution platform for the intelligent management of credit risks. The aim of the cooperation is to optimize risk management for online purchases using PAIR Finance’s AI-controlled algorithms.

Clevertronic is a specialist for Re-Commerce in the field of Consumer Electronics. PAIR Finance is thus further expanding its payment options: Private customers can now settle outstanding invoices with the sale of used electronics.

The diamond star in the sky!

Handelsblatt Diamond Star in Digital Banking Award

In September 2019, solarisBank won the Handelsblatt Diamond Star Award together with Tomorrow – the sustainable bank account – at the Handelsblatt Bankengipfel, which is amongst Germany’s most prolific banking events.

Congrats, solarisBank & Tomorrow! 

See you in 2020!

That’s it from us (for now)! We will get back to you in 2020 with the latest finleap ecosystem news. And since digitalization won’t slow down, you can expect to hear a lot more from us next year. We are ready to explore new verticals and support them with our fintech know-how.

We hope you enjoyed reading this edition of the “Insights” Newsletter. In the meantime, if you want to know more about finleap, our platforms, and our ecosystem, please do not hesitate to contact us.

Season’s greetings, 

Ramin & the finleap Team

*Source: dealroom.co The state of European Fintech

Finleap

Author

Ramin Niroumand

Founder & CEO at finleap