Fintech Germany - By Startuprad.io
By Joern "Joe" Menninger
We bring you news, interviews, and live events from the German-speaking startup scene in English.
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Fintech Germany - By Startuprad.ioMar 19, 2021
Fintech Review 2021 – Germany, Austria And Switzerland (GSA)
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“As people are going from in-person to remote a lot of [banking] processes have to be updated. It is basically a huge accelerator for the whole banking industry.” Frank Schwab - Co-Founder Fintech Forum Our Sponsor StartupravenThe best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/
“[Venture] Capital becomes more concentrated. It will get harder for the new kids on the block” Frank Schwab - Co-Founder Fintech ForumToday I welcome our guests:
- Janis Dust - A young fintech entrepreneur, co-founder and CMO of epap (https://de.linkedin.com/in/jannisdust)
- Paolo Sironi - A fintech entrepreneur, turned global research leader in banking and financial markets as well as a book author (Website: https://www.thepsironi.com/, https://www.linkedin.com/in/thepsironi/)You can buy his newest book here: https://amzn.to/30MLgOy
- Frank Schwab - Co-founder of Fintech Forum (http://fintechforum.de/) and multiple board member (https://www.linkedin.com/in/frankschwab/)
- Oliver Oster - Fintech entrepreneur, founding partner AQVC, founder and COO OptioPay (https://www.linkedin.com/in/oliver-oster-37611063/)
This Month in German Startups - December 2021
HoHoHo Welcome to This Month in German Startups in December 2021 by Startuprad.io - in a news recording with Chris from New York City and me Joe, from Frankfurt am Main.
We recorded this new episode on Monday, December 20th. All news not included here will be published in our next news episode. There will also be our annual Fintech Review on December 25th and we will be back with an AI startup interview on January 13th. So we take a few weeks off around the holidays. Happy Holidays!
We are not there yet, so let's get started:
Today we bring you another new unicorn, a monster funding of 266 mn US$ at Mambu, Volocopter calls off its SPAC IPO and gets a backlash from its early crowd investors, also Jokr is now the 3rd quick delivery unicorn - in record time - and we have an update on Sono Motors. We also take a look at the State of European Tech survey by Atomico and several news pieces on the German Venture Capital Market, as well as VC in general.
Let's talk startups:
Subscribe HereFind all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: https://linktr.ee/startupradio
Enablers Invest-in-HessenThis show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here: https://anchor.fm/techstartupsgermany
StartupravenThe best way to identify investors and cooperation partners for early stage startups. Sign up for early access here: https://startupraven.com/
Find all links and extensive show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-december-2021/
Highlights of Germany’s Most Extensive Annual Startup Survey
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The Survey
Hey guys, this is Joe from Startuprad.io. Today we bring you an audio-only episode. We know this is uncommon, but there is a special occasion for this. The most comprehensive startup survey is Germany was published, so we wanted to bring you some highlights. This extensive survey is conducted by the German Startup Association in cooperation with partners annually since 2013.
Feedback
Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA
The Host
This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him: LinkedIn Twitter Email
Find all links and show notes here: https://www.startuprad.io/blog/germanys-most-extensive-annual-startup-survey/
This Month in German Startups - November 2021
Welcome to This Month in German Startups in November 2021 by Startuprad.io - in a news recording with Chris from New York City and me Joe, from Frankfurt am Main.
We recorded this new episode on Friday, November 19th. All news not included here will be published in our December News (to be published on December 23rd). There will also be our annual Fintech Review on December 25th and we will be back with an AI startup interview on January 13th. So we take a few weeks off around the holidays. We are not there yet, so let's get started:
Today we have escooter Tier’s newest funding and acquisition, N26 pulling the plug on their US operations already in January 2022, and the amazing IPO of Sono Motors on NASDAQ. There are also new unicorns, we proudly present Frankfurt’s first unicorn, the insurtech Clark.de. Also, Razor Group (an Amazon shop buyer) becomes a unicorn with a 125 mn US$ fundraising. In November, there is no unicorn tracker. We will keep our eyes open and maybe the next news will have a unicorn tracker companion.
Happy Thanksgiving to our US audience!
Let's talk startups:
Find all links and show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-november-2021/
Subscribe HereFind all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: https://linktr.ee/startupradio
Enablers Invest-in-HessenThis show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here: https://anchor.fm/techstartupsgermany
StartupravenThe best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/
News Text and Show NotesFind all links and show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-november-2021/
Fastbill’s Exit to Canada Based Unicorn FreshBooks
This interview was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here: https://anchor.fm/techstartupsgermany
We started serveral early SaaS Platforms and Fastbill was one of them. We just solved our problems at the time. René Maudrich, MD Germany FreshBooks The FounderIn this interview, we talk to one of the most experienced fintech founders in the greater Frankfurt area. René Maudrich (https://www.linkedin.com/in/renemaudrich/) is the CEO and founder of Frankfurt-based accounting and invoicing fintech Fastbill. They have been bought by Toronto, Canada-based, fintech unicorn Freshbooks (https://www.freshbooks.com/). He now holds the position of managing director of FreshBooks Germany.
Want to be found by Business opportunities or contacted by new investors?Get scouted by us, when we a have matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8 We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.
We became a top 3 provider in GSA (Germany, Switzerland and Austria), but we also have clients in 13 other countries. René Maudrich, MD Germany FreshBooks The StartupFastbill (https://www.fastbill.com/) was one of the early fintech startups, that have been around, before fintech was a thing. They help small companies and freelancers with their invoicing and accounting. They are a top 3 provider for this kind of software in Germany. You can learn more about them here:
Also, Mario (https://www.linkedin.com/in/mahachemer/), the CTO of Fastbill has been a frequent guest. Mario is also part of the frequent crew of our annual fintech review. You can learn more about the company, him, and René in our interviews linked below.
We bootstrapped for six years before we took VC money. That was a bit too late. I would recommend it later. René Maudrich, MD Germany FreshBooks The ExitFreshBooks already knew Fastbill from events. FreshBooks was interested in purchasing a stake in Fastbill with their next investment round. During the conversation, they decided on an outright takeover. FreshBooks now owns all equity in Fastbill and the core team with René, Mario and Benjamin stay on board. All former Fastbill shareholders are now FreshBooks shareholders.
The Fastbill team is not permitted to speak about the transaction price. We can make estimates about the price range:
In 2019 they had approx. 2.5 mn Euros revenue (according to estimates in several databases). Assuming a growth to 3 or even 5 mn Euros annualized revenue in 2021 one can estimate the range of the transaction volume with normal multiples from 45 mn Euros at the low end to 110 mn € at the higher end, adding an “earn-out clause” of approx. 10% over the next few years.
Find all links, show notes and further readings here: https://www.startuprad.io/blog/fastbills-exit-to-canada-based-unicorn-freshbooks/
Meet TIS - The World’s Leading SaaS-B2B Outbound Payment Platform
Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio
Want to be found by Business opportunities or contacted by new investors?
Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8
We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.
Our goal is for the topline 3x in the last three years. Jörg Wiemer, Co-Founder and CSO at TIS The FounderIn this interview, we talk to Jörg Wiemer (https://www.linkedin.com/in/joerg-wiemer/) the co-founder, former CEO and current CSO (Chief Strategy Officer) of the grown-up tech company TIS (https://www.tis.biz/). Jörg had already an extensive corporate background with stops at Deutsche Bank and Douglas Holding (a beauty retailer). Was Senior Vice President and Head of Global Treasury at SAP, where he saw an opportunity and took a leap into entrepreneurship. In 2010 he co-founded TIS.
Joe always wanted to interview them, because they have been an important early success story that made startups sexy again. Also, any current or aspiring entrepreneur can learn a lot from Jörg in the interview.
Jörg has a lot of good advice from his early times starting TIS. You will find it in the last 1/3rd of the interview.
For us … getting venture capital early was a good decision. Jörg Wiemer, Co-Founder and CSO at TIS You don’t want to optimize your shareholdings in the company, you want to maximize your chances of success. Jörg Wiemer, Co-Founder and CSO at TISThe Tech Company
TIS has been part of FT 100 Europe’s fastest-growing companies in 2019, 2020, and 2021.
TIS stands for Treasury Intelligence Solutions (https://www.tis.biz/) and is headquartered in Walldorf. Yes, the Walldorf is also home to SAP. The company has routes within SAP but is by now an independent grown tech company with more than 200 employees worldwide and a strong presence in Europe and North America. Startuprad.io always aims to bring you interesting founder stories, so it was about time to bring you the founder of a successful tech company.
Founders first have to do the hard work and then hire someone. Jörg Wiemer, Co-Founder and CSO at TIS The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:
LinkedIn
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Find all links and show notes here: https://www.startuprad.io/blog/meet-tis-the-worlds-leading-saas-b2b-outbound-payment-platform/
GSA Unicorn Tracker - October 2021 (Bonus)
Welcome to This Month in German Startups by Startuprad.io – in a news recording with Chris (from New York City) and me Joe (from Frankfurt am Main).
Guys, it is October, it is getting colder outside and cozier inside, so we bring you another “Doppelpack” of our news recording! We bring you another bonus news episode as part of our news coverage of the German startup scene. We recorded this episode on October 25th, 2021, wrapping up October. This is a Bonus Episode following our special coverage of the unprecedented creation of unicorn startups in the German-speaking startup scene!
Subscribe HereFind all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio
Want to be found by Business opportunities or contacted by new investors?Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8 We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.
Find all the links to our sources and the show notes here: https://www.startuprad.io/blog/gsa-unicorn-tracker-october-2021/
This Month in German Startups - October 2021
This Month in German Startups - October 2021
Welcome to This Month in German Startups in October 2021 by Startuprad.io - in a news recording with Chris (Back Home in New York) and me Joe, from Frankfurt am Main.
We recorded this new episode on October 25th. Note that there is also another episode of our unicorn tracker, getting published along with this episode in order to keep the news brief.
Today we have to announce that N26 reclaimed the title of Germany’s most valuable fintech (but not startup, that is still Celonis), Sono Motors is filing for an IPO in the US - ahead of even delivering their first car -, corona is leaving the first traces in the startup scene, fewer startups, but more funding for the surviving ones.
Subscribe HereFind all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: https://linktr.ee/startupradio
Want to be found by Business opportunities or contacted by new investors?Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8
We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.
Find our extensive collection of links, sources and the whole show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-october-2021/
This Month in German Startups - September 2021 Unicorn Tracker (Bonus)
Welcome to This Month in German Startups by Startuprad.io – in a news recording with Chris (from New York City) and me Joe (from Frankfurt am Main).
Guys, it is fall and we are back from the summer break! We bring you another bonus news episode as part of our news coverage of the German startup scene. We recorded this episode on September 28th, 2021, wrapping up July, August, and September. This is a Bonus Episode following our special coverage from June!
Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8 We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate. Find all links and show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-september-2021-unicorn-tracker-bonus/
Want to be found by Business opportunities or contacted by new investors?This Month in German Startups - Summer Wrap-Up (July, August, September) 2021
This Month in German Startups - Summer Wrap-Up (July, August, September) 2021
Welcome to This Month in German Startups in September 2021 by Startuprad.io - in a news recording with Chris (Back Home in New York) and me Joe, from Frankfurt am Main. We recorded this new episode on September 28th. Not that there is also another episode of our unicorn tracker, getting published along with this episode. Have a look. This will be a bit longer recording. Best get a snack and a drink right now. The summer was hot here in Germany in terms of startups, but not so much in terms of temperature. Since we have the weather out of the way. Let's talk startups:Want to be found by Business opportunities or contacted by new investors?
Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8 We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.
Find all links and show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-summer-wrap-up-july-august-september-2021/
Meet Austria-Based Monkee – A Fintech With More Than 80% Women as Clients
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The Founder
This is one of our interviews, covering a startup from Tirol, Austria, the fintech Monkee (https://monkee.rocks/). We have Martin Granig (https://www.linkedin.com/in/martin-granig-52775054/) in the interview, CEO and co-founder of the fintech. Martin is an engineer by training, having worked more than a decade at Swarovski, in his last position he was leading the global innovation department. He is also currently working on a Ph.D. in savings behavior. It may not surprise you now that Monkee is a startup helping you to save money and with vouchers on the spending as well. During his studies, he also attended 北大 BeiDa (Peking University), Fudan University 復旦大學, London Business School, SDA Bocconi, Ashridge Business School and many more.
Nudges are only slight tips in the right direction if someone is already in the process of making the right decision to form habits. Martin Granig, CEO and Co-Founder MonkeeThe Startup
The startup Monkee is based in Tyrol, one of the states of Austria (https://en.wikipedia.org/wiki/Tyrol). The goal of Monkee is to improve the financial well-being of its clients. The app works with small nodes in order to help you save money, either for your rainy-day fund or towards an actual goal like a vacation, a laptop or another large purchase.
The Monkee-App also helps with (retail)-partners to save money with discounts to get your actual savings goals cheaper. They are also in the process of getting partners for daily necessities.
What really differentiates Monkee from other fintechs is that they have 84% women as active clients. That turns the normal client base of fintechs upside down. On the other hand, their female clients also like to interact more frequently with the app.
The Monkee App Money worries are already the No 1 worry for most people. Martin Granig, CEO and Co-Founder MonkeeVenture Capital Funding
Monkee is currently raising a new round of venture capital, they are currently planning to close the round end of 2021.
There are many things coming together for Monkee so we could attract more women as clients. Martin Granig, CEO and Co-Founder MonkeeFind all the links and show notes here: https://www.startuprad.io/blog/meet-austria-based-monkee-a-fintech-with-more-than-80-female-clients/
Entrepreneur Tools #6 – How to Start Thinking About Your Corporate Culture
This is a new series, within Startuprad.io’s YouTube Blog. We meet a lot of people and of course, we talk with some of them about the typical entrepreneur problems. Sometimes an entrepreneur solves known problems in a very systematic way, which we find great, or has great insights. In both cases, we will talk to him or her and bring you these recordings as entrepreneur tools.
We are looking forward to your feedback.
I learned that humans are basically good. Michelle Tsing, Entrepreneur, Investor, Mentor, Podcast/Radio Host The EntrepreneurMichelle Tsing (https://www.linkedin.com/in/laptopradio/) is an investor and entrepreneur. She hosts a weekly show on the Stanford University Campus radio, called Laptop Radio. She used to work at PayPal, Samsung, Cisco, and eBay. She is also a podcast host at Starting Y, based in Silicon Valley. In addition to that Michelle works with several startups as an advisor. She shares in our 6th episode of entrepreneur tools her thoughts about company culture and how to start thinking about it. Company culture is a very complex topic and we are just scratching the surface here, but it is a good point to start.
The culture is usually the founder … think about your vision, your mission, and the values you care about. Michelle Tsing, Entrepreneur, Investor, Mentor, Podcast/Radio Host Further Readings / Additional Ressources- Start with a self-assessment, good places to start are for example the book “The Four Agreements “
- Look around examples for values
- Paypal – Practise detachment
- Ebay – Humans are basically good
- Google - Don’t do evil
- Zappos your culture is your brand – Pursuit of happiness https://www.huffpost.com/entry/zappos-founder-tony-hsieh_1_b_783333
- The Four Agreements https://amzn.to/3B8B3bD
- The Gift of Imperfection https://amzn.to/2WfTj3I
- Daring Greatly https://amzn.to/2Wnie5h
Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA
The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him: LinkedIn Twitter Email
Meet Visualvest, the White Label Robo Advisor With € 2.6 bn Client Assets Under Management
Olaf Zeitnitz is also kind of a returning interview guest (https://www.linkedin.com/in/dr-olaf-zeitnitz-722b0a1b/). He was part of our Robo Advisor talk, dating back to October 2016, when not every video was turned into an audio podcast. VisualVest is not an average Robo Advisor, it is a white-label company, integrated into a much larger group of cooperative banks in Germany. Olaf studied physics and his Ph.D. studies took him to the CERN particle accelerator, where he was one of the first users of the newly invented internet. He also attended the first www conference.
Not one robo advisor startup was ever able to become profitable in a few years … VCs have to invest for the long term. If you invest for two to three years, a robo advisor is the wrong VC investment. Olaf Zetnitz, MD VisualVest The Corporate StartupVisualVest (https://www.visualvest.de/) is part of the cooperative banking group, a group of independent banks – known as Volksbanken and Raiffeisenbanken - (https://en.wikipedia.org/wiki/VolksbankenundRaiffeisenbanken), working closely together on many services, including asset management. Their asset manager is called Union Investment (https://en.wikipedia.org/wiki/Union_Investment) and VisualVest is a corporate startup of Union Investment and the DZ Bank, the central bank of the cooperative banks in Germany.
VisualVest is a SaaS platform. They are basically a toolbox where the different banks within the group can choose their features to create their own robo advisor.
I was there at [CERN], when they invented the internet. Our experiment was one of the first users. Olaf Zetnitz, MD VisualVest Youtube Video from October 2016Olaf has been a guest in our robo advisor talk back in 2016, together with other returning guests. You can find it here:
Investing is the opposite of sexy. Olaf Zetnitz, MD VisualVest I was positively surprised that BaFin did not try to kill robo advice from the start. Olaf Zetnitz, MD VisualVest The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him: LinkedIn Twitter Email
Keep Up to DateHere is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ
Find all the links and show notes here: https://www.startuprad.io/blog/meet-visualvest-the-white-label-robo-advisor-with-e-2-6-bn-client-assets-under-management/
Follow-Up with the All-Digital Health Insurer Ottonova
This interview is an overdue follow-up with ottonova, the first German health insurer founded in almost 20 years.
Roman Rittweger (https://www.linkedin.com/in/romanrittweger/) is the CEO and Founder of ottonova, not an insurtech, but a fully licensed insurer (https://www.ottonova.de/).
Roman had a long and successful career, before founding ottonova. As he says in the interview, in insurance everything takes longer.
Roman is a doctor by training, with a Ph.D. in medicine, as well as an MBA from INSEAD. He also served as Platoon Leader in the German mountain troopers and was a consultant with ATKearney and McKinsey, before starting his own companies. He is also a member of the supervisory board of naontek AG, a corporate startup offering digital services to health professionals.
When you are a private health insurer in Germany, you basically live forever. Roman Rittweger, CEO and Founder of ottonova We do not report all our funding rounds instantly. We raised more money than is on CrunchBase. Roman Rittweger, CEO and Founder of ottonovaVenture Capital Funding
So far ottonova has raised more than 90 mn US$ up to Series D (https://www.crunchbase.com/organization/ottonova-holding-ag) and is a licensed health (re-) insurer in Germany. ottonova will start new talks for a growth equity talks end of 2021.
We are a full stack insurer, but we also have a re-insurance license. Roman Rittweger, CEO and Founder of ottonova The Audio Interview from 2017The original interview – the first English interview of ottonova – was published on September 14th, 2017.
Links and Show NotesFind all links and show notes here: https://www.startuprad.io/blog/follow-up-with-the-all-digital-health-insurer-ottonova/
Meet the Person in Charge of Germany’s €10 bn Startup Program
Thomas Jarzombek, MdB, Commissioner for Digital and Startups The Commissioner for Digital and Startups
In this interview we talk to Thomas Jarzombek (https://www.linkedin.com/in/thomas-jarzombek-a4227183/) a member of the German Parliament Bundestag, also the Commissioner for Digital and Startups of Germany and in charge of the newly started 10 bn startup program. Thomas is a member of the CDU, Christian Democratic Union, the party of chancellor Merkel. (https://en.wikipedia.org/wiki/Christian_Democratic_Union_of_Germany). Thomas has also been an entrepreneur before he was an elected official. He started out with implementing Windows 95.
Note: In the name tag in the YouTube video, we shorted this to “Digital commissioner”, due to the available space.
How the money will be invested Note: There is a general election coming up in Germany on September 26th, 2021. This will lead to a new government since chancellor Merkel will retire. Therefore, another government may change this allocation. We also invest in rocket technology. We have been looking at what Elon Musk does with SpaceX and adapted some of his strategies.Thomas Jarzombek, MdB, Commissioner for Digital and Startups Investing Indirectly (as LP)
The new investment program is looking to invest 50% together with private investors, who also chip in the other half.
The program will invest in European VCs, focusing on Germany. They are looking for VCs, investing in Germany approx. the money they receive from the program.
The largest single investment will be as LP of the European Investment Fund, which will get 3 bn Euros (https://www.eif.org/).
HTGF will start the 4th fund with money from the program. Look in our show notes below for the interview with the CEO of HTGF. They raise funds with half of the money coming from the Government and half from private investors, which include already household names like Bosch, BASF, B. Braun, Boehringer, Deutsche Bank, Deutsche Post DHL, Lanxess, RWE, SAP, and many others. You can learn more about HTGF in our interview, see links below.
We have patient money and I expect the money to be spent over the next 10 years.Thomas Jarzombek, MdB, Commissioner for Digital and Startups Investing Directly: Deep Tech Future Fund
The Deep Tech Future Fund (https://deeptech-future-fonds.de/) is aiming to commercialize innovations from Germany. They are even investing in startups directly, who do not have a business model yet, for example working in quantum computing.
2 bn Euros will be managed by KfW in discretionary accounts to set up specific investment vehicles and their subsidiary Coparion (https://www.coparion.vc/). Part of the money will be managed in discretionary accounts. These vehicles can invest directly in startups.
https://www.startuprad.io/blog/meet-the-person-in-charge-of-germanys-e10-bn-startup-program/
(BONUS) German Institutional Funds Will Not Invest Big Bugs in Cryptocurrencies
(BONUS) German Institutional Funds Will Not Invest Big Bugs in Cryptocurrencies
This is another bonus episode, where we cover interesting – behind the scenes – development in the larger German-speaking tech space. Recently there was a wave of excitement sweeping across the crypto blogs, due to an update in the German Investment Law (https://www.gesetze-im-internet.de/kagb/). The reason: Investments of German institutional funds, since they could – theoretically – invest up to 20% in cryptocurrencies, starting on August 2nd, 2021. Joe gets together with Marco; a specialist lawyer and they talk about what is realistic. Instead of a large wave (theoretical max of ~400 bn €), as many blogs forecast, there may be only a small trickle (likely only millions over time).
Subscribe HereFind all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio
The SpecialistMarco Zingler (https://www.linkedin.com/in/marco-zingler-14b2a390/) is a seasoned lawyer, with almost 10 years of experience in capital markets legislation. He also holds a degree in Finance. He, therefore, spent most of his career as a specialist for regulatory and investment law, covering for example the changes to the new German investment Law.
Is your Startup in Need of A bank Account? - Affiliate Links- Try the account of our Affiliate Partner Penta: http://bit.ly/3bdHX3d
This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him: LinkedIn Twitter Email
Keep Up to DateHere is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ
Find all the links and show notes here: https://www.startuprad.io/blog/bonus-the-german-institutional-funds-will-not-invest-big-bugs-in-cryptocurrencies/
EXCLUSIVE - IDnow Talks About Their Acquisition of Ariadnext
Andreas Bodczek, CEO IDnow
Munich Startup is the official startup portal for Munich and the surrounding region. It was developed by the City of Munich, the Chamber of Commerce and Industry for Munich and Upper Bavaria and the four entrepreneurship centers of the Munich universities within the framework of the Entrepreneurship Strategy Munich. You can learn more here: https://en.munich-startup.de/
The CEOThis time we have a rarity on our channel because Andreas Bodczek (https://www.linkedin.com/in/andreasbodczek/) is not a founder, but an early investor in the company, which became later the CEO of IDnow. Andreas has been an early business angel, investing in IDnow. So he has been involved in the company for quite some time before he took the job as external CEO.
Andreas has been with Bertelsmann, where he worked with dial-up internet connections, building one of the broadest platforms for broadband and Voice-over-IP services in Germany. He later moved to become the CEO of Telefonica Germany (https://www.telefonica.de/) and co-founded Fyber (https://www.fyber.com/ ), which they build up in Germany, the US, and several more companies. They sold the company in 2014.
Andreas is also a board partner with Point Nine Capital (https://www.pointnine.com/), a Berlin-based VC fund focused on platforms and SaaS.
We will conclude most of the integration work streams of Identity TM at the end of this year.Andreas Bodczek, CEO IDnow The Startup
IDnow (https://www.idnow.io/products/idnow-videoident/) is an online identification service provider, that helps banks, insurance companies, and other companies to verify the identity of their clients remotely. This has not always been the case in Germany, but IDnow was one of the early companies providing this service.
Today IDnow has amongst their clients some well-known names like N26, Solaris Bank or Sixt, Western Union, Tier Mobility, and WeFox.
The startup grew early with a strong focus on financial services companies, starting when the German regulator moved to allow so-called “video idents.”
Now IDnow extends its services across industries, products, and countries. The acquisition of France-based Ariadnext (https://www.ariadnext.com/) fits in the category of extending in countries, to expand their footprint in France.
SPAC Deal?
From our conversation, we took that IDnow has SPAC offers at hand, still evaluating their options.
Find all links and show notes here: https://www.startuprad.io/blog/exclusive-idnow-talks-about-their-acquisition-of-ariadnext/
This Month in German Startups - June 2021
Welcome to This Month in German Startups June 2021 by Startuprad.io - in a news recording with Chris (Back Home in New York) and me Joe, from Frankfurt am Main.
We are reporting live from Germany’s largest unicorn wave ever. We announce two new unicorns (Scalable Capital and Forto (formerly FreightHub)) and Germany’s first Decacorn Celonis, valued at more than 11 bn US$. The 2019 Unicorn Wefox raises large funding of 536 mn € (650 mn US$). About You IPOs for 23 €/share at 4 bn Euro (4.85 bn US$) AND Austria becomes a new most valuable startup with GoStudent (1.4 bn €, 1.67 bn US$), after they had their first unicorn only last month.
Plus SolarisBank is rumored to be in talks of a 100 mn Euro VC Deal, which would make them a unicorn as well, to buy up a competitor. Especially active in this frenzy of unicorn creation is Softbank from Japan and Tencent from China.
We have a special episode on the unparalleled unicorn creation, which is available on the same channels. If you want to know more about the new Decacorn and unicorns in Germany and Austria you want to listen to this episode as well. We keep here the coverage of unicorns to a minimum.
Note: This will be the last news recording before the summer break. There will be no regular news in July or August, but we will be back with news at the end of September, wrapping up the summer news.
We are soooooooooo looking forward to the summer that Joe even wears a Hawaii shirt. Be happy for your eyes if you are only listening to this podcast :-)
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Find all links, texts, and show notes here on our blog post: https://www.startuprad.io/blog/this-month-in-german-startups-june-2021/
Bonus: This Month in German Startups – Unicorn Stampede
Welcome to This Month in German Startups by Startuprad.io – in a news recording with Chris (from New York City) and me Joe (from Frankfurt am Main).
This is a Bonus Episode covering the Unicorn Stampede in German-speaking countries. This recording is from June 29th, 2021 and all-new unicorns, formed afterward will be covered in our next news podcast, to be published End of September!
You may remember that we had another bonus episode last month covering the rise of Berlin-based fintech Trade Republic to become Germany’s most valuable startup? There is already a new king in the country with Celonis becoming Germany’s first Decacorn (valuation above 10 bn US$, here even 11bn US$). We also see that all of these monster fundings are driven by international investors, especially Softbank from Japan and Tencent from China.
Find all links and show notes on our blog post here: https://www.startuprad.io/blog/bonus-this-month-in-german-startups-unicorn-stampede/
Bonus Episode: Trade Republic becomes Germany’s most valuable Startup with 5.3 bn US$ valuation
“It’s our ambition to be present across the entire Eurozone in the next four months,” Christian Hecker according to TechCrunch
Welcome to This Month in German Startups - A bonus episode since we have a new king in town. Trade Republic just became Germany’s most valuable startup with a 900 mn USD funding round backed by investors like Sequoia.
Chris joins Joe for this episode.
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Start in 2015 - at comdirect Startup Garage
The story of Trade Republic starts with the comdirect startup garage. comdirect is Commerzbank’s online broker, founded during the late 1990s. Commerzbank again is Germany’s 2nd largest listed bank.
So, the founding team Christian Hecker, Thomas Pischke, and Marco Cancellieri started out with the idea of a German RobinHood Trading app (What is today called a neobroker). The Garage helped at the start in 2015 but did back out at funding the startup. The team did not receive funding from comdirect Garage, because one million Euros was too much to invest in a company at a seed stage
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Find the whole story here: https://www.startuprad.io/blog/bonus-episode-trade-republic-becomes-germanys-most-valuable-startup-with-5-3-bn-us-valuation/
This Month in German Startups – May 2021
Welcome to This Month in German Startups by Startuprad.io - in a news recording with Chris (Back Home in Germany) and me Joe, from Frankfurt am Main.
Today we are wrapping up May 2021 for you. We talk about the massive Trade Republic funding, making them Germany's most valuable startup. We are talking about SPACs again, Germany’s institutional funds investing in crypto, and 3 bn shots of the corona vaccine. As always, we have a great show for you!
Housekeeping - Time to brag
Stay safe everyone!
- We are very happy to have been listed as No 4 on the Welp Magazine list of "20 Best Start-ups Podcasts of 2021" https://welpmagazine.com/20-best-start-ups-podcasts-of-2021/
- Station Frankfurt featured our newest internet radio station in an article https://station-frankfurt.de/2021/05/07/das-steckt-hinter-dem-24-7-startupradio-startuprad-io/
- Italy-based Startup.info covered our internet radio station as well: The World’s First Internet Radio Station Dedicated to Startups and Tech Companies Just Launched https://buff.ly/3upGZte
Top News
Trade Republic is now Germany’s most valuable startup with 5.3 bn US$
SPACs
In the US the largest wave of SPAC IPOs is already behind us, but in Europe, it is just gaining speed. Frankfurt Stock Exchange expects up to 20 SPAC IPOs in 2021. In all of Europe, they expect more than 30 https://buff.ly/3h0mMqS
Amazon Shops are still HOT
Berlin’s Razor Group raises $400M to buy and scale Amazon Marketplace merchants – TechCrunch https://buff.ly/2PVJULY
Germany rumored to open flood gates to Crypto Investments - Think again
'Damn Huge': Germany Opens Up to Institutional Crypto Funds - Decrypt https://buff.ly/3vvX3dU
Joe will talk about this soon - as soon as he gets to it - but the main point one has to understand in German institutional funds is that the investors are regulated and not so much the vehicles.
3bn Shots are coming
Corona vaccine producer BioNTech is looking to produce 3bn shots https://buff.ly/2RHzXlA
We just passed a small moment in History
80 years ago, on May 11th, 1941 german inventor Konrad Zuse started his Z3. This was one of today's first - maybe The first - modern-day computer. He developed it, to take over statistical calculation he found tiresome https://buff.ly/3eEJ3sB
Find all other show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-may-2021/
We bring the German speaking startup scene to you in English
Welcome to Startuprad.io,
we cover the German-speaking startup scene since 2015 with our franchise. Since 2019, we eased access to the German-speaking startup scene further with our special interest podcasts Fintech Germany, Blockchain Germany, Deeptech Germany, and German Startup News.
We have been called "The Authority on German Startups" and are a Top 0.5% global podcast, according to Listen Notes. Chartable.com scored us in 2020 a global Top 100 Science Podcast, a global Top 150 Tech Podcast, and a global Top 750 Business Podcast.
You can learn more here: https://linktr.ee/startupradio
Meet the Fintech Behind the 100 mn € Exit Nobody Talks About
This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/
The Finish company later stopped all their activities in Central Europe. This is where I started crossinx.Marcus Laube, Founder and CEO of crossinx
The Founder
In this interview, we are talking to Marcus Laube (https://www.linkedin.com/in/marcus-laube/) , the founder and CEO of one of the largest fintech exits this year. He sold the company, he founded in 2007 in 2021 for 100 mn Euros to Unifiedpost Group from Belgium (https://www.businesswire.com/news/home/20210411005030/en/Unifiedpost-Group-and-Crossinx-Join-Forces-to-Create-a-Unique-European-Business-Network).
Marcus has been the chairman of the European Fintech Alliance (https://eufintechs.com/) and the co-chairman of the European E-Invoice Service Provider Association (EESPA https://eespa.eu/)
The story of Marcus as an entrepreneur is totally fascinating: He was helping one of Lufthansa’s businesses (AirPlus) to get their first website and digitize Germany’s Flag Carrier. This brought him in contact with lots of electronic business ideas, with which he ventured out on his own. His first company was sliding into insolvency. He bought the company out of insolvency and this company stayed afloat by selling chairs and tables. This company was bought later by a company from Finland. This Finnish company stopped their business in Germany and Marcus decided to start over again with founding crossinx in 2007. He now sold this company in a 100 mn Euro plus deal (the deal includes a clause of up to 13 mn € further conditional earn-out payments according to the press statement).
Tune in to our exclusive content.
We call what we do the financial supply chain.Marcus Laube, Founder and CEO of crossinx
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The Startup
crossinx (https://www.crossinx.com/en/) is the leading provider of e-invoicing based service solutions in Germany, working with the largest companies and institutions, such as Nestle, Bayer, TNT, Sixt and the German national government. The company was founded back in 2007 by Marcus Laube.
The ExitOn April 12 Unifiedpost Group announced to acquire crossinx for 100 mn Euros (up to 113 mn €): https://www.businesswire.com/news/home/20210411005030/en/Unifiedpost-Group-and-Crossinx-Join-Forces-to-Create-a-Unique-European-Business-Network
The connection came from Marcu’s work in EESPA, where he met Unifiedpost. There has been interest to acquire crossinx 3 years before, but the deal was sealed after the IPO of Unifiedpost at Euronext (Euronext: UPG).
https://www.startuprad.io/blog/meet-the-fintech-behind-the-100-mn-e-exit-nobody-talks-about/
How Crowdfunding for EU Startups will Change this Fall
The Upcoming Changes to EU Crowdfunding Rules for Startups
Subscribe HereFind all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio
The ExpertWe talk to a former guest, Jamal El Mallouki (https://www.linkedin.com/in/jamalelmallouki/), Managing Director (MD) and Co-Founder of Crowdfunding SaaS tech company CrowdDesk. He is also chairman of the board of directors of Germany’s Crowdfunding Association (https://www.bundesverband-crowdfunding.de/about-the-german-crowdfunding-association-bundesverband-crowdfunding-ev/).
He talks with us about the upcoming rules, which will harmonize crowdfunding for startups across the European Union.
Affiliate Links- Learn how to grow your business using the numbers in your profit and loss and balance sheet: https://www.learndesk.us/class/5571076509663232/growth-by-the-numbers-real-small-business-finance-for-real-small-business-owners use our promo code: Access
Currently, Germany has national rules, getting retail investors without any prospectus to invest in startups. Each retail investor can invest up to 25.000 € in total. This limit does not exist for professional investors. A startup can now raise up to 6 million Euros with crowdfunding.
These rules are about to change with upcoming EU rules. You can dig deeper in the rules with the links below. The main points are:
- Crowdfunding campaigns can now target retail investors across the EU. They can now scale up to the whole EU market.
- (Crowd)Fundraising startups can now target directly online retail investors across the EU
- Crowdlending in Germany is now possible, directly via the crowdfunding platform, the need for an intermediate bank is gone.
This also means that crowdfunding is competing with classical bank credit here. - EU Startups, running a crowdfunding campaign can now raise funds in the German market, the largest in the EU with 6.7 trn € (8.14 trn US$) in private household wealth (according to Bundesbank, as the end of 2020).
- Fundraising without prospectus is possible, up to 5 mn Euros
- Is your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d
- Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye
Find all the links and further show notes here: https://www.startuprad.io/blog/how-crowdfunding-for-eu-startups-will-change-this-fall/
This Month in German Startups - April 2021
Welcome to This Month in German Startups by Startuprad.io - in a transatlantic news recording with Chris in New York City and Joe, from Frankfurt am Main.
Today we are wrapping up April 2021 for you. We talk about SPACs, which have been all the rage, but now they get to work. We bring you news about potential SPAC deals with Solarisbank, Infarm, Lilium, and Volocopter. The first three eying a valuation of more than one billion. Also, we have a Gorilla Unicorn.
Follow usFind all our social media channels, our podcasts, and our internet radio station here: https://linktr.ee/startupradio
Housekeeping - Time to brag
Stay safe everyone!
- Startuprad.io is working tirelessly towards our internet radio station. Now we could onboard Laptop Radio, a Stanford Campus Radio Show covering bleeding edge technology, as well as Radio Free Enterprise.
- Our friends from IBGR have also completed their show syndication for our internet radio called AgileRad.io
- Tune in to our radio station to learn more:
Affiliate Links
- Learn how to grow your business using the numbers in your profit and loss and balance sheet: https://www.learndesk.us/class/5571076509663232/growth-by-the-numbers-real-small-business-finance-for-real-small-business-owners use our promo code: Access
All Links and show notes this way please: https://www.startuprad.io/blog/this-month-in-german-startups-april-2021/
Meet NECT – Germany’s Most Downloaded Self-Identification App
"Tech in insurance … is not on the cutting-edge of technology, but what one does has a great impact on a lot of people."
Benny Bennet Jürgens, CEO & Co-Founder NECT
Subscribe HereFind all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio
"We thought video ident is great but let us put in some AI magic."
Benny Bennet Jürgens, CEO & Co-Founder NECT
The Founder
We talk to Hamburg-based Founder Benny Bennet Jürgens (https://www.linkedin.com/in/bennybennet/), the CEO and Co-Founder of NECT (https://nect.com/de/) Germany’s most downloaded self-identification app in 2020. Benny has a past history with insurance companies and found their need for self-identification – required by law – to be a major pain point for them. So he set out to provide a convenient solution, which turned out to be NECT.
"My co-founder and I pushed our children in strollers, and we talked about what is next in life for us."
Benny Bennet Jürgens, CEO & Co-Founder NECT
- Learn how to grow your business using the numbers in your profit and loss and balance sheet: https://www.learndesk.us/class/5571076509663232/growth-by-the-numbers-real-small-business-finance-for-real-small-business-owners use our promo code: Access
"We got accepted at Insurrect Accelerator Munich and we had to start two weeks later, which did not give us a lot of time to think twice."
Benny Bennet Jürgens, CEO & Co-Founder NECT
https://www.startuprad.io/blog/meet-nect-germanys-most-downloaded-self-identification-app/
homefully Offers Co-Living in Germany and Switzerland and is Looking to Expand
This time we talk to Sebastian Wuerz (https://www.linkedin.com/in/sebastianwuerz/) the founder and CEO of the co-living startup homefully (https://homeful.ly/), a proptech headquartered in Frankfurt, offering furnished apartments across Germany and Switzerland. This trend is called co-living and offers a convenient way for ex-pats to relocate to a new city and have instant social connections. Sebastian graduated with an international MBA, which took him to Warsaw University, DUFE (Dongbei University of Finance and Economics 东北财经大学), and the University of North Florida.
Before starting homefully Sebastian also had stints in wealth management in Singapore and investment banking in Frankfurt.
We have roughly 50% international tenants.Sebastian Würz, CEO and Founder homefully Subscribe Here
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We started homefully as a side business, but it grew and grew. So, I had to make a decision. And I went all in.Sebastian Würz, CEO and Founder homefully Enabler
This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/
You can also find the podcast we run together here:
Spotify https://spoti.fi/3wUshwv
Deezer http://bit.ly/2Qbh1rl
TuneIn http://bit.ly/2M8vpzn
We started homefully as a side business, but it grew and grew. So, I had to make a decision. And I went all in.
Sebastian Würz, CEO and Founder homefully
How to keep your Cryptos Safe?
Alessandro Avagliano, Head of Security at Bitwala
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If you have a considerable amount of money in crypto, make sure the least number of people knows about it.Alessandro Avagliano, Head of Security at Bitwala
The Head of Security
In this interview, we walk to Alessandro Avagliano, the Head of Security and Infrastructure at Berlin-based crypto challenger bank Bitwala (https://www.linkedin.com/in/aavagliano/). Allesandro has been with companies like Sun Microsystems, Oracle, or Rocket Internet before, but joined Bitwala 2019 as head of security.
One of the safest solutions is still a paper wallet, stored in a safe place, … maybe even across locations.Alessandro Avagliano, Head of Security at Bitwala
Affiliate Links
- Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye
Alessandro Avagliano, Head of Security at Bitwala
The Challenge
In this interview, we are talking about best practices on how to keep your cryptocurrencies and crypto-assets safe as a private investor. We talk about different levels of safekeeping and even have an idea how Elon Musk could keep his cryptos safe. You can learn more in the blog post here: https://www.bitwala.com/blog/knowledge/
Other Interview
We already published our interview with Bitwala’s founder in April 2020. We talk to Benjamin about his life, the idea behind Bitwala, and solve the secret behind its name. Learn more in this interview here:
https://www.startuprad.io/blog/meet-berlin-based-cryptocurrency-challenger-bank-bitwala/
What are Non-Fungible Tokens – NFTs?
Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio
The Subject Matter Expert
This is one of our Subject Matter Expert interviews, where we try to bring you some specialized knowledge. Christian Flasshoff (https://www.linkedin.com/in/christian-flasshoff/) was a founding member of the International Token Standardization Association (https://itsa.global/). In this interview, we talk to him about what NFTs are and how they may impact the music industry, the art market, and many more aspects of life.
Tune in to learn more …
https://www.startuprad.io/blog/what-are-non-fungible-tokens-nfts/
This Month in German Startups - March 2021
We are nothing like Greensill says Frankfurt-based Traxpay
Markus Rupprecht, CEO Traxpay
The FounderIn this interview, we talk to Markus Rupprecht, (https://www.linkedin.com/in/markusrupprecht/, https://www.crunchbase.com/person/markus-rupprecht) CEO of Frankfurt-based supply chain financing fintech Traxpay.
Markus has vast experience, even before his time at Traxpay, for example, he has been with Deutsche Bank, Software AG, or Hitachi Consulting.
This is kind of a follow-up because one of the first interviews of Startuprad.io was with Markus’s Co-CEO (at the time) and one of their investors, published in October 2014 here on Startuprad.io.
You have on the supplier and buyer side ERP systems, but in payments, many of the information is lost.
Markus Rupprecht, CEO Traxpay
www.startuprad.io/blog/we-are-nothing-like-greensill-says-frankfurt-based-traxpay/
Flash Update on Startuprad.io
Learn more about us at www.startuprad.io
Flash Update
Hey guys, we are posting this short podcast just to keep you up to date on what Startuprad.io is doing.
You may know that we have special interest podcast (link to subscribe below) like Fintech, Deep Tech, Blockchain and for our Startup News? We are also a YouTube Blog (link below).
We also launched with our friends from Starting Y, Laptop Radio, Radio Free Enterprise and the IBGR Network the worlds first internet radio station dedicated to startups and tech companies on February 18th 2021. We are currently still in beta, but our Alexa Skill should be ready soon, as well as our listing on several radio directories.
Subscribe Here
Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link linktr.ee/startupradio
Affiliate Links
· Is your startup in need of a bank account in Germany? Try our partner affiliate Penta bit.ly/3bdHX3d
· Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here bit.ly/2w01Zye
Feedback
Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” forms.gle/mLV6mVKwGwKuut8BA
The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder and host of Startuprad.io. Reach out to him:
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Keep Up to DateHere is our publication calendar: calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ
PaceUp Invest Helps Women to Create and Manage Wealth – Founded by a Woman
Learn more about us at www.startuprad.io
PaceUp Invest Helps Women to Create and Manage Wealth – Founded by a Woman90% of the clients of robo advisors in Germany are still men. This has not changed. The interfaces look all the same. They are not targeting women properly.
Rukayyat Kolawole, Founder and CEO PaceUP Investment
Don’t Miss Any Blog Post, Video, or Audio PodcastSubscribe to our newsletter on Substack here: startupradio.substack.com/subscribe
The FounderRakuyyat Kalowole (https://www.linkedin.com/in/rukayyat-modupe-kolawole-cfa/) is originally from Nigeria but had already very interesting life. Since her regular visits to her grandmother, who was an active trader, she is fascinated with the fast pace of trading in capital markets. She studied at Georgetown University in the US, Tongji University in China, as well as Mannheim Business School in Germany. Being fascinated by capital markets all her life, it comes as no surprise, that she joined Goldman Sachs in London, as well as Bloomberg in Reuters in London as well.
When she relocated to Germany, to study in Mannheim, she also set up a shop there with her hybrid Robo advisor for women.
Affiliate LinksWhy not learn from entrepreneurs and executives who are open to sharing their favorite books. We skimmed through some recommendations and that is what we found.
Recommended by: Bill Gates
“Enlightenment Now by Steven Pinker” amzn.to/2XAENlBRecommended by: Jeff Bezos
“Built to Last: Successful Habits of Visionary Companies by Jim Collins and Jerry Porras” amzn.to/2RGKGKeRecommended by: Elon Musk
“Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel” amzn.to/2REbHhwRecommended by: Tony Hsieh
“Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan” amzn.to/34KgraQRecommended by: Warren Buffet
“Business Adventures: Twelve Classic Tales From the World of Wall Street by John Brooks” amzn.to/2K92z06Recommended by: Tim Cook
“Competing Against Time by George Stalk and Thomas Hout” amzn.to/3cjMMYn
On our platform there will be a lot of impact investing, so women can choose how they want to invest according to their values and needs.
Rukayyat Kolawole, Founder and CEO PaceUP Investment
The StartupPaceUp Investment (https://www.paceupinvest.com/) is a hybrid Robo advisor headquartered in Mannheim Germany. We have talked about Mannheim before, but a short wrap-up: It is the only city in Germany set up in squares. Mannheim is the first city in the world, where a car drove (Carl Benz lived close by https://en.wikipedia.org/wiki/Carl_Benz) and the place where the world’s first electric elevator was installed here in 1880 (Werner von Siemens).
Rakuyyat set up her company PaceUP here to help women build wealth with a hybrid approach, combining remote investment advice with a Robo advisor. PaceUp provides women the tools to understand the basics. Then they offer advisory and coaching, before investing with their Robo advisor.
Full service with LicensePacUp will be able to offer its full service only after regulatory approval. They are currently looking at Q4 2021 or Q1 2022 to go live.
PaceUp on Social MediaFacebook www.facebook.com/groups/2399668980113869Instagram www.instagram.com/paceupinvest/LinkedIn www.linkedin.com/groups/8788895/YouTube www.youtube.com/channel/UC3EIqAHmEF0dnPB-IAy6gPw
Venture Capital FundingPaceUp is currently funded by an angel investment in combination with a government grant of the state of Baden Wurttemberg. They will start their next fundraising soon, looking at 900k €.
When I got in a bank to get a mortgage to buy my first apartment, my bank advisor asked me “where is your husband”. … other women had similar experiences
Rukayyat Kolaw...
This Month in German Startups - February 2021
Today we are wrapping up February 2021 for you. There is great news in the German startup scene, the much anticipated Auto1 IPO generated two new tech billionaires, Europe’s first Tech SPAC lists in Frankfurt, more Wirecard details, we talk about Trade Republic and Gamestop, as well as the billion exit of Berlin-based AdJust.
Follow us on Social MediaInstagram www.instagram.com/startuprad.io/
LinkedIn www.linkedin.com/company/4837115/
Twitter twitter.com/startuprad_io
Keep Up to DateHere is our publication calendar: calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ
Affiliated LinksWhy not learn from entrepreneurs and executives who are open to share their favorite books. We skimmed through some recommendations and that is what we found.
Recommended by: Bill Gates
“Enlightenment Now by Steven Pinker” amzn.to/2XAENlBRecommended by: Jeff Bezos
“Built to Last: Successful Habits of Visionary Companies by Jim Collins and Jerry Porras” amzn.to/2RGKGKeRecommended by: Elon Musk
“Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel” amzn.to/2REbHhwRecommended by: Tony Hsieh
“Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan” amzn.to/34KgraQRecommended by: Warren Buffet
“Business Adventures: Twelve Classic Tales From the World of Wall Street by John Brooks” amzn.to/2K92z06Recommended by: Tim Cook
“Competing Against Time by George Stalk and Thomas Hout” amzn.to/3cjMMYn Housekeeping - Time to brag Stay safe everyone!
In the meantime you can tune in to our internet radio station, the worlds first 24/7 dedicated to startups and tech companies! s2.radio.co/sb16d65602/listen - We will soon be available on many platforms, for now:
raddio.net/373202-startupradio/ radio.streamitter.com/station/startupradio-89HNV
Top NewsWe have two new tech billionairesThe IPO of Auto1 went spectacularly well and skyrocketed on the first day of trading on February 4th, surging 45%. We took a look at the data and realized that this was the first tech IPO in a long time that generated new tech billionaires in Germany. Bloomberg: SoftBank-Backed Auto1 Soars in Debut After $2.2 Billion IPO buff.ly/2YLTm5jReuters: UPDATE 2-AUTO1 shares go into top gear in Frankfurt debut buff.ly/3pLaOSmRead more in our blogpost here: At recording this Auto1 IPO turns founders into billionaires buff.ly/3oY45EA Related: The story from the side of one of their first investors: How VC fund DN Capital invested in car marketplace Auto1 8 years ago and landed an $8 billion IPO winner buff.ly/3abVPMO
N26German regulator, stung by past failings, extends oversight of N26 - sources buff.ly/2Ymp88F German mobile bank N26 is thinking of making its first acquisition buff.ly/3ckRpVq
Trade Republic, Reddit and GameStopBerlin-based SolarisBank needed four years to get to 400k customers, but the next 600k came within half a year says their chief commercial officer Jörg Diewald, many of them have to be attributed to Trade Republic buff.ly/3oEKLMc Our take on this topic: www.startuprad.io/berlin/gamestop-reddit-and-fintech-trade-republic/ Note: There will be a follow-up on yet another blog post from our side, with hearings of Roaring Kitten and profits for hedge funds. We're nothing like Robinhood, says Berlin-based broker Trade Republic | Sifted buff.ly/3bAqNOq
iCarPorsche's Cayenne Boss Dr. Manfred Harrer (48) is hired by Apple. He was rumored to be one of the best engineers in the company. Is the ...
Iconic holding wants to be the largest Crypto Asset Manager in Europe
Tangany Offers a White-Label Custody Solution for Crypto Assets
Learn more about us at www.startuprad.io
Tangany Offers a White-Label Custody Solution for Crypto AssetsOur clients do not need to apply for a license to become a custodian, we already are and offer our service.
Martin Kreitmair, CEO and Co-Founder Tangany
Media PartnershipThis podcast is in media partnership with the FinTech Forum (http://www.fintechforum.de/). The FinTech Forum - launched 2013 in Frankfurt am Main - is the first and largest hub for FinTechs in Continental Europe, with a community of more than 12.000 companies. With more than 17 events, with more than 270 startups on stage, and more than 1.000 investors and financial institutions. FTF alumni have raised $310mn+ in funding and resulted in exits worth $300mn+ .
Our level of paranoia level is right at the top. The security for crypto assets must be even on a higher level than for banks.
Martin Kreitmair, CEO and Co-Founder Tangany
The FounderWe talk to the CEO and Co-Founder Martin Kreitmair (https://www.linkedin.com/in/martin-kreitmair). He is not only with Tangany, but also a member of the Board of Germany’s blockchain association called Bundesblock (https://bundesblock.de/). He has a master’s in computer science and has been working at a startup for more than seven years, where he was hired as the 7th employee and saw the company grow.
First, we were two founders, …joined by former colleagues from an agency.
Martin Kreitmair, CEO and Co-Founder Tangany
Martin became interested early in Blockchain and Bitcoin but was no miner – which he partly regrets now 😊. He felt like it was the right time to start his company after many years as a startup employee.
Security is key for crypto custody.
Martin Kreitmair, CEO and Co-Founder Tangany
The StartupTangany (https://tangany.com/) is the all-in-one cloud suite to easily offer crypto and digital asset custody to your clients and customers. They do not offer services for retail customers, but rather to fintechs and financial institutions for save keeping of digital and crypto assets (including, but not limited to cryptocurrencies). They are a regulated custodian.
The product of Tangany is a white-label tool (via API) to enable their customers like startups, so they can offer crypto wallets to their (retail)-clients. The big advantage of Tangany for their clients is that they don’t need to get a license since the company is already regulated under German law to be a custodian.
It took us a very very long time to design our architecture … to the highest thinkable level of security.
Martin Kreitmair, CEO and Co-Founder Tangany
Excited about a Digital EuroTangany would be quite happy if a digital Euro, based on Blockchain is realized, this would be a huge opportunity for them. Since every citizen would need a digital wallet as Tangany could provide.
I am very convinced that a digital Euro will come, one way or another.
Martin Kreitmair, CEO and Co-Founder Tangany
Venture Capital FundingTangany raised a venture capital round in January 2020 and currently, they are in preparation for another round.
Further Readings / Additional Resources
Custodian www.investopedia.com/terms/c/custodian.asp
Feedback
Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” forms.gle/mLV6mVKwGwKuut8BA
The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder and host of Startuprad.io. Reach out to him:
Follow us on Social MediaInstagram www.instagram.com/startuprad.io/
LinkedIn www.linkedin.com/company/4837115/
Twitter twitter.com/startuprad_io
This Month in German Startups - January 2021
Welcome to This Month in German Startups by Startuprad.io - in a transatlantic news recording with Chris in New York City. This is the first news episode of 2021, but you can have a look at our 2020 review.
Today we are wrapping up January 2021 for you. There is great news in the German startup scene, from two new unicorns to a much anticipated IPO of Auto1 (will be raising at least 1.5 bn Euros), Delivery Hero goes VC and there may be Amazon TV/Radio in Germany.
Housekeeping - Time to brag Just a bit of bragging today: Listen Up! Here’s Your Guide To European Tech And Startup Podcasts In English buff.ly/39S3qyR
Top NewsWe have two new unicornsMambu - Germany’s newest Fintech Unicorn offers Banking Software as SaaS buff.ly/3oNEHC2 - Without them, no N26. They provide the software, which enables challenger banks like them.Munich-based HR scaleup Personio lands €103.5 million Series D funding and a €1.4 billion valuation buff.ly/35QYn0pRelated: Start-Up Personio Joins Circle of Unicorns - Technical University of Munich - School of Management buff.ly/2YgKm7W
Delivery Hero raises 1.2 bn in fresh capitalDelivery Hero raises 1.2 bn Euros (1.47 bn US$) in new funding, selling "in hours" 9.44 mn new shares for 132 Euros each buff.ly/394ZFFQRelated:Delivery Hero starts their own Corporate Venture Fund called DX Ventures with 50 m Euros buff.ly/2MPUt11
Auto1 IPOAuto1 IPO will be raising a minimum of 1.5 bn Euros (2.2 bn US$) buff.ly/3plC62nOlder articles related to this IPO - you can see the fundraising went up 500 million More details of the planned IPO of Auto1 Group emerge. They want to list in 2021 Q1 in Frankfurt in Prime Standard. Out of 1 bn € to be raised 250 m will pay back convertibles, 750 m will be invested in further growth buff.ly/38Hq0uz Used-car platform AUTO1 to float in Frankfurt, looking to raise 1 bn Euros from selling new shares, with a valuation of 6-8 bn Euros buff.ly/3bxbWWx
Amazon TV or Radio Station in Germany?Amazon has filed paperwork in Germany to get a broadcast license. The filing dates to November 2020 buff.ly/3bW0Mur
Wirecard We keep you updated, just a small selection of news here.
Keep in mind there is still an investigative committee ongoing.
Oliver Samwer from Rocket Internet gave a private loan to Markus Braun from Wirecard of 75 mn Euros (91 m US$), which he demanded back rather harshly, shortly before Wirecard filed for insolvency buff.ly/3bW2ITUIn Austria, an investigation against former Wirecard COO Marsalek is ongoing in potential bribery of an employee of Austrian constitution protection (like their NSA). He is supposed to have checked the solvency of porn site hosts for Mr. Marsalke buff.ly/39eVNDz
Ecosystem Slack users in Germany were greeted in the new year with a big outage covering most of the first working day of the new year 2021 buff.ly/3972zd0 January 4thTech workers want to relocate to Germany more than any other country in the world buff.ly/2Jims8n Germany starts with the test of a countrywide patient file, called "E-Patientenakte." The users can carry around all their medical files (x-rays, reports ...) on their smartphone and grant their physician access buff.ly/3hHb3M4Berlin remains the capital of German Venture Capital in 2020. EY tracked 314 financing rounds, out of a total of 743 they found. according to their data, VC funding declined in #Germany in 2020 by 15% to 5.3 bn Euros (6.45 bn US$) buff.ly/3oMxaDEIn the most recent fintech ranking #Frankfurt is losing position No 3 to Hamburg and now only scores at No 4 buff.ly/3o5IeKU
Hubs Note: The order of news and cities is only due to the time when we discovered the news.
FrankfurtFrankfurt-based provider of high performance computing Northern Data ...
Tencent backs insurance startup Clark in $85US round. We talk to Clark’s CEO
Learn more about us at www.startuprad.io
[A Ping-Pong table, a PlayStation or
a table football] don’t help that much if the [corporate culture] is broken.
Christopher Oster, CEO and Co-Founder Clark
In this interview we are talking to a previous guest. Christopher Oster is
the CEO and co-founder of Frankfurt-based insurtech clark. In the past we talk
to him about the appearance of Clark on Bloomberg’s list of startups to watch,
back in 2017. Now they raised an 85 m US$ series C venture capital round, with
noteworthy investor Tencent from China. We talk to him about the funding, the
way to the funding and their plans.
Insurance has still not really
penetrated by technology … you have unhappy customers … this is a great
opportunity for a founder.
Christopher Oster, CEO and Co-Founder Clark
Enabler
This recording was made
possible by (Hessen Trade and Invest). Learn more about our enabler here: www.invest-in-hessen.com/
In 2015 there was almost no funding
for insurtech startups, it all started in 2016
Christopher Oster, CEO and Co-Founder Clark
The Founder
In this interview we are talking to Christopher (https://www.linkedin.com/in/dr-christopher-oster-3158802/)
the CEO and co-founder of Frankfurt-based insurtech clark. In the past we talk
to him about the appearance of Clark on Bloombergs list of startups to watch,
back in 2017.
You have a paper folder with your
insurance policies, but nobody checks if the insurance policies still matches
your life.
Christopher Oster, CEO and Co-Founder Clark
The Startup
The startup
was built by a group of four friends, who to together, since they could not
find the help they wanted with their insurance needs. The whole founding team
is still on board, more than 5 years after the company was set up Crunchbase (https://www.crunchbase.com/organization/clark-2), company website (https://www.clark.de/).
An average German has six insurance
policies with 4 different insurance carriers.
Christopher Oster, CEO and Co-Founder Clark
The Interview
from 2017
The whole blog post is here: www.startuprad.io/interviews/clark-de-startup-germany-bloombergs-list-50-promising-startups/
Or just tune in to the interview here:
open.spotify.com/episode/3xryTBqaxncpSrnXO3L3QQ?si=2qC09ZDDTJ6XnewH7_LMvg
For our series a, we talked to 300
VCs or so. There was a lot of uncertainty and many other companies started as
well.
Christopher Oster, CEO and Co-Founder Clark
Feedback
Reach out to us, here is our audience
survey, to give us feedback, suggest topics, interview partners or just to say
“Hallo!” forms.gle/mLV6mVKwGwKuut8BA
The
Interviewer
This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and
host of Startuprad.io. Reach out to him:
Follow
us on Social Media
Instagram www.instagram.com/startuprad.io/
LinkedIn www.linkedin.com/company/4837115/
Twitter twitter.com/startuprad_io
Meet CommneX a Market Place For Public Finances
This Month in German Startups - 2020 Review
Learn more about us at www.startuprad.io
This Month in German Startups - 2020 Review
Welcome to This Month in German Startups by Startuprad.io - in a transatlantic news recording with Chris in New York City. This is an annual tradition, where we look at the past year and forward into the coming one. Not to mention, we have been totally wrong last year with the outlook, so we are more sticking to the review this year.
Today we bring you an overview of the German startup corona aid, an overview of the German startup scene, lists of top startup stories, a few outlooks on 2021, and a bit of wine :-)
Ecosystem European Startup Scene 2020 - Snapshothttps://2020.stateofeuropeantech.com/chapter/state-european-tech-2020/article/exec-sum/
8 crucial takeaways from Atomico's recently-launched The State of European Tech 2020 report | via Silicon Canals buff.ly/3m6MxVg
‘Megarounds’ helped European Tech ecosystem growWhile many founders found it more challenging to get funding, 2020 is on track to be a record year, with potential to surpass $41B invested, driven by more $100M+ deals.Germany is projected 23 bn US$Low capital, pivoting the product, and sales decline hit founders hardest in 2020International investment hasn’t dried upFrance is the only one of Europe’s three largest markets to grow in 2020. London remains the biggest investment hub in 2020Travel sector gets notably low investmentsInvestment in purpose-driven tech companies soarsGender and racial inequality still prevails in the European tech ecosystem
List: 10 biggest healthtech stories of 2020 buff.ly/3aQlnjv
The guinea pigs of Germany’s new healthcare revolutionBioNTech: the German biotech startup behind the coronavirus vaccine
Hot or not: Where European VC funding went in 2020 by Pitchbook buff.ly/3nMSzf7 - Difference to Atomico ⇒ Different source for data ...
UK still has the largest VC market in total (13.7 bn $), but Germany (6.8 bn $) grew three times as fast with 10.9% vs UK’s +1.7% BUT this may also be due to Brexit. We will see what 2021 brings. According to Pitchbook France grew by an astonishing 25.4% to a total of 6.1 bn $. The other markets in Europe surpassing 1 bn $ are Sweden (3.2 bn$), Spain (1.4 bn$), and Finland (1.2 bn$).
These are the 10 largest funding rounds of Europe in 2020 buff.ly/2W1KGX8
including AUTO1 Group, Tier Scooters and Lilium from Germany
German Startup Scene 2020 - Snapshot Deutscher Startup Monitor deutscherstartupmonitor.de/
This is an annual survey by the German startup association, this year more than 1.900 startups participated.The largest share of the - participating startups - (note, there is a bias here) have been inBerlin 17,7%Rhein-Rhur (Cologne, Düsseldorf, …) 12.8%Munich 6.5%Hamburg 5.8%This is one of the reasons we try to highlight so many startups from different areas, since not only every 5th startup is in Berlin. Please note that we try to have approx. 20% of our interviews from Berlin, to give these startups also a fair representation.On average a startup in the survey employed 14.3 employees, up from 13.3 in 2019 and 12.3 in 2018. Despite Corona, 90% were planning to hire people. 15.9% of founders are female in this survey, slightly up from the previous years (15.7% in ‘19 and 15.1% ‘18)Universities play a central role as a core for a startup cluster, especially Germany’s Technische Hochschule (technical universities aka TU) e.g. TU München, KIT, RWTH Aachen, LMU München, Universität Mannheim, Universität Bremen, WHU, TU Berlin, TU Darmstadt and FU Berlin.~ 20% of founders have a migration backgroundThe most important technology is AI, more than 26.7% of startups had a SaaS business model68.8% of all startups focus on B2B, 26.5% on B2C, and 4.7% on B2G (Business to Government)The most important ...
Meet Epap.App, they want to re-invent receipts
In Europe you can pay with your phone or your watch, but you will still get a paper receipt.
Jannis Dust, CMO and Co-Founder epap.app
The FounderJannis (https://www.linkedin.com/in/jannisdust/, https://twitter.com/jannisdust, ) is in his early 20s, but already the co-founder of Hannover, Germany based fintech Epap (https://epap.app/). Originally Jannis was working on a freelance basis for eCommerce startups, but in 2018 he met his co-founders during a startup event.
In Germany the tax code demands to print a receipt for every transaction. This leads to a lot of waste.
Jannis Dust, CMO and Co-Founder epap.app
Affiliate LinksIs your startup in need of a bank account in Germany? Try our partner affiliate Penta bit.ly/3bdHX3d
Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here bit.ly/2w01Zye
With the app you could also track your spending. It is a companion of your spending. … with the app you get an evaluation on your spending.
Jannis Dust, CMO and Co-Founder epap.app
The StartupThe startup is young, it was registered in the Hannover Commercial Registry in April 2020. None-the-less epap.app (https://epap.app/) wants to digitize recipes. In Germany, the tax regulations were changed at the start of 2020. This is called “the obligation to print receipts”. So for each transaction in a store or shop, the merchant needs to provide a receipt, mostly paper-based. This leads to a lot of waste and searching if one needs to find an important receipt in order to claim the warranty. Here the digitalization of epap comes in, since one has all receipts (digital and scans of paper-based ones) in one place, even with little reminders for warranties.
The Epap AppYou can download the epap app in the Apple and Google Stores here: Google Play and App Store
With the app you can also claim the warranty, where you can use epap … we make it easier. You get little reminders for your warranty.
Jannis Dust, CMO and Co-Founder epap.app
Venture Capital FundingEpap is looking to expand to German-speaking Europe and willing to try other European countries if the opportunity presents itself.
They had their first seed investment round in April 2020 and are planning to raise the next financing round in the first half of 2021, but it will be an extended seed round, they do not plan to scale that fast.
Currently, the team is eight people strong.
Our goal is to provide you with a very comprehensive and granular analysis of your expenses. In a normal finance apps, you see the category. In our app the analysis is based on the digital receipt.
Jannis Dust, CMO and Co-Founder epap.app
FeedbackReach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” forms.gle/mLV6mVKwGwKuut8BA
The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder and host of Startuprad.io. Reach out to him:
Meet Berlin-based Fintech Bitbond, the Company Behind Germany's First Regulated Security Token Offering
In spring 2019 we issued our tokenized bond and with that, we established tokenized securities in Germany.
Radoslav Albrecht, Founder and CEO of Bitbond
Media PartnershipThis podcast is in media partnership with the Crypto Assets Conference, an event taking place each year in spring and autumn in Frankfurt, organized by the Frankfurt School of Finance and Management and their Blockchain Center.
You can learn more about the conference here: www.crypto-assets-conference.de/
You can learn more about Philipp Sandner, head of the Blockchain Center in our interview with him here: www.startuprad.io/blog/the-german-bill-to-permit-crypto-securities/
What we are most interested in is to speak to companies, who are interested in tokenization. … to partner up with Bitbond to enhance their tokenization capabilities
Radoslav Albrecht, Founder and CEO of Bitbond
The InterviewFind all the links, show notes, and the automated transcript here on our blog post: www.startuprad.io/blog/podcast-meet-berlin-based-fintech-bitbond-the-company-behind-germanys-first-regulated-security-token-offering/
Fintech Review 2020
www.youtube.com/playlist?list=PLUbiCAQc22WsxyePUkzBI-LKh1y4yy0sq
In this Fintech Review, we talk to
Paolo Sironi, Fintech Thought Leader, Author (https://www.linkedin.com/in/thepsironi/)
Frank Schwab, Co-Founder Fintech Forum (https://www.linkedin.com/in/frankschwab/)
Luka Ivicev, Fintech Entrepreneur, Forbes 30 under 30 (linkedin.com/in/luka-ivicevic/)
Paolos Top 3 News
Ant Financial IPO
www.npr.org/2020/11/03/930799521/regulators-squash-giant-ant-ipo?t=1607260457756
Google Pay Relaunch https://arstechnica.com/gadgets/2020/11/google-pay-relaunch-transforms-it-into-a-full-fledged-financial-service/#:~:text=Google%20today%20announced%20a%20major,Pay%2C%20and%20even%20some%20banks.
Singapore allows fully digital bank license
www.straitstimes.com/business/banking/mas-awards-digital-full-bank-licences-to-grab-singtel-and-sea-ant-gets-digital
3b
Starling digital bank posts first profit
https://www.financemagnates.com/fintech/news/starling-becomes-first-digital-bank-to-post-profits/#:~:text=UK%2Dbased%20Starling%20Bank%20has,million%20on%20an%20annualized%20basis.
Paolo's 2020 impact
Digitalization increases, evaluations declining
Franks Top 3 News
Cash is still increasing ⇒ Cash in circulation in Germany increasing ⇒ Virtual ATM Songmic
Pandemic ⇒ All becomes digital
Moving from CrowdFunding ⇒ Government Help for Startups: Capilendo
This Month in German Startups - December 2020
Welcome to This Month in German Startups by Startuprad.io - in a transatlantic news recording with Chris in New York City.
Welcome to the Chris-mas edition :-)
Today we are wrapping up December 2020 for you. Please keep in mind that due to the holidays and the current lockdown in Germany we are recording this news on December 15th. All news not included here will be part of our January warp-up and there will be a 2020 review 2021outlook as well.
Today we bring you news about the 10 bn investment package of the German government, the new DAX, Peter Thiel’s investments in Germany, Taxes, AI, and much more.
EnablerThis recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: www.invest-in-hessen.com/
Find all options to subscribe here:
💢 Tech Startups Germany by Startuprad.io - Audio onlyiTunes apple.co/2Z17bflSpotify spoti.fi/3kCcgoB Housekeeping - Time to brag We have only one thing to say: Stay safe everybody! Be grateful for what you have!
Affiliate LinksThe current situation with the Coronavirus-related lockdown is frequently compared to severe economic recessions including, but not limited to the 2008 Financial Crisis and the Stock Market Crash of 1929. If you want to know more, consider these books below.
“Galbraith was asked by Arthur M. Schlesinger Jr. if he would write the definitive work on the Great Depression that he would then use as a reference source for his own intended work on Roosevelt.” (from Wikipedia) - The Great Crash 1929 by John Kenneth Galbraith amzn.to/3cl41sAEssays on the Great Depression amzn.to/2VvEsht by former Fed Chairmen Ben S. Bernanke “an American economist at the Brookings Institution[3] who served two terms as Chair of the Federal Reserve, the central bank of the United States, from 2006 to 2014” (from Wikipedia)From John Kenneth Galbraith as well: A Short History of Financial Euphoria amzn.to/2VxngbgA great book on crashes, bubbles, and economic uncertainty, in general, is “Devil Take the Hindmost: A History of Financial Speculation” by Edward Chancellor amzn.to/2VaUDSlAll the news and links here
www.startuprad.io/blog/this-month-in-german-startups-december-2020/
The BISON App Allows Uncomplicated and Reliable Trading of Cryptocurrencies on the Smartphone
We were the first to provide crypto buying and selling from an in Germany licensed institution.
Ulli Spankowski, CDO Börse Stuttgart
Media Partnership
This podcast is in media partnership with the Crypto Assets Conference, an event taking place each year in spring and autumn in Frankfurt, organized by the Frankfurt School of Finance and Management and their Blockchain Center.
You can learn more about the conference here: www.crypto-assets-conference.de/
You can learn more about Philipp Sandner, head of the Blockchain Center in our interview with him here:
www.startuprad.io/blog/the-german-bill-to-permit-crypto-securities/
The Chief Digital Officer
This time we talk to Ulli Spankowski (https://de.linkedin.com/in/ulli-spankowski-08652916, https://twitter.com/uspankowski?lang=en, www.crunchbase.com/person/ulli-spankowski ) a fintech and blockchain entrepreneur, who sold his company to the Stuttgart Stock Exchange, which than promoted him to be the CDO (Chief Digital Officer). He is an economist by training, who did his PhD in market microstructure. He co-founded his fintech startup with co-founders from Slovenia.
We met with the CIO of Börse Stuttgart - back then - and discussed what can be done with financial markets in the future, if you completely rethink it, based on blockchain technology.
Ulli Spankowski, CDO Börse Stuttgart
Affiliate Links
Is your startup in need of a bank account in Germany? Try our partner affiliate Penta bit.ly/3bdHX3d
Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here bit.ly/2w01Zye
Bitcoin was much bigger in Slovenia. When my co-founder told me to do something in bitcoin, I said … Bit-What?
Ulli Spankowski, CDO Börse Stuttgart
The Startup
Back in 2013, Ulli founded his startup Sowa Labs together with co-founders from Slovenia, which he met during an EU funded project during his Ph.D. Thesis. The idea of aggregating data from across the web and social media on cryptocurrencies evolved into cryptocurrency trading. They then sold the startup to the Stuttgart Stock Exchange in 2017 and developed what has become their BISON app: bisonapp.com/en/ (App Store, Google Play Store). This was not a bad move, since Börse Stuttgart is the market leader in Europe as a trading venue for retail structured products and one of the 10 largest stock exchanges in Europe.
We started out with cryptocurrencies, but we are planning to move gradually into security tokens.
Ulli Spankowski, CDO Börse Stuttgart
When I was attending conferences [at the beginning of cryptocurrencies] I always said “The biggest problem of cryptocurrencies is that no one cares about them”
Ulli Spankowski, CDO Börse Stuttgart
Further Readings / Additional Resources
Market Microstructure: en.wikipedia.org/wiki/Market_microstructure
Börse Stuttgart: www.boerse-stuttgart.de/en/
Multilateral trading facility: en.wikipedia.org/wiki/Multilateral_trading_facility
Euwax (The market for retail structured products, not related to BISON, but we talk about it as an offering of Börse Stuttgart): www.boerse-stuttgart.de/en/investing/euwax-segment/
OTC Trading: www.investopedia.com/terms/o/otc.asp
AML: www.investopedia.com/terms/a/aml.asp
Feedback
Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” forms.gle/mLV6mVKwGwKuut8BA
The Interviewer
This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:
Amazing Blocks can tokenize Any Asset Legally
You can learn more about the conference here: www.crypto-assets-conference.de/
You can learn more about Philipp Sandner, head of the Blockchain Center in our interview with him here: www.startuprad.io/blog/the-german-bill-to-permit-crypto-securities/
The asset can be located anywhere, as long as it is legally owned by the SPV.
Nicolas Weber, Amazing Blocks
The Interview PartnerWe talk to Nicolas Weber (https://www.linkedin.com/in/nicolas97weber/), in charge of business development Germany for Amazing Blocks (https://my.amazingblocks.io/).
Blockchain has the ability to disrupt every aspect of business.
Nicolas Weber, Amazing Blocks
Affiliate LinksWhy not learn from entrepreneurs and executives who are open to share their favorite books. We skimmed through some recommendations and that is what we found.
Recommended by: Bill Gates
“Enlightenment Now by Steven Pinker” amzn.to/2XAENlBRecommended by: Jeff Bezos
“Built to Last: Successful Habits of Visionary Companies by Jim Collins and Jerry Porras” amzn.to/2RGKGKeRecommended by: Elon Musk
“Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel” amzn.to/2REbHhwRecommended by: Tony Hsieh
“Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan” amzn.to/34KgraQRecommended by: Warren Buffet
“Business Adventures: Twelve Classic Tales From the World of Wall Street by John Brooks” amzn.to/2K92z06Recommended by: Tim Cook
“Competing Against Time by George Stalk and Thomas Hout” amzn.to/3cjMMYn Liechtenstein implemented the Token Act as a complete new law, other than for examples Switzerland, which is currently looking at adding to existing laws.
Nicolas Weber, Amazing Blocks
Find all the links and show notes on our blog here: www.startuprad.io/blog/amazing-blocks-can-tokenize-any-asset-legally/
Learn from Maria – Investor in several of Germany’s renowned startups
Maria Pennanen, Startup Investor
The EnablerThis interview is part of our series of startups and investors in the startup scene in the state of Hessen. The whole series is sponsored by Hessen Trade and Invest, you can learn more about our enabler here: www.invest-in-hessen.com
Startup investment is a very risky business
Maria Pennanen, Startup Investor
The InvestorIn this interview we talk to Maria Pennanen, she is known to our established audience as co-founder of Accelerator Frankfurt, but she is also a Business Angel with more than 10 direct investments. Directly and indirectly, she is or was invested in many renowned startups like Solarisbank, Clark, Bankify, Savedo or Finance Ads.
You can learn more about Maria here:
Twitter: twitter.com/pennanenmariaLinkedIn: www.linkedin.com/in/mariapennanen/Accelerator Frankfurt: www.acceleratorfrankfurt.com/Mindclip: www.mindclip.com/
The best thing to start is joining a business angel organization
Maria Pennanen, Startup Investor
The AuthorMaria is also the author of the book “how to f*ck up your startup” in which she helps entrepreneurs to learn from failures. You can find the eBook here amzn.to/3oa2Stw
Affiliate LinksWhy not learn from entrepreneurs and executives who are open to share their favorite books. We skimmed through some recommendations and that is what we found.
Recommended by: Bill Gates
“Enlightenment Now by Steven Pinker” amzn.to/2XAENlBRecommended by: Jeff Bezos
“Built to Last: Successful Habits of Visionary Companies by Jim Collins and Jerry Porras” amzn.to/2RGKGKeRecommended by: Elon Musk
“Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel” amzn.to/2REbHhwRecommended by: Tony Hsieh
“Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan” amzn.to/34KgraQRecommended by: Warren Buffet
“Business Adventures: Twelve Classic Tales From the World of Wall Street by John Brooks” amzn.to/2K92z06Recommended by: Tim Cook
“Competing Against Time by George Stalk and Thomas Hout” amzn.to/3cjMMYnIt is very rare that you invest in an idea from people you just met, especially in seed.
Maria Pennanen, Startup Investor
Find all information and an automated transcript here:
www.startuprad.io/blog/learn-from-maria-investor-in-several-of-germanys-renowned-startups/
This Month in German Startups - November 2020
Welcome to This Month in German Startups by Startuprad.io - in a transatlantic news recording with Chris in New York City.
Today we are wrapping up November 2020 for you with an update on German startups working on corona vaccines, Flixbus, Finleap, Rocket Internet’s ongoing delisting, and a potential digital Euro
Enabler
This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: www.invest-in-hessen.com/
Find all options to subscribe here:
Tech Startups Germany by Startuprad.io - Audio PodcastiTunes apple.co/2Z17bflSpotify spoti.fi/3kCcgoB
Housekeeping - Time to brag
We have only one thing to say: Stay safe everybody! Be grateful for what you have!
Affiliated Links
Why not learn from entrepreneurs and executives who are open to share their favorite books. We skimmed through some recommendations and that is what we found.
· Recommended by: Bill Gates
“Enlightenment Now by Steven Pinker” amzn.to/2XAENlB
· Recommended by: Jeff Bezos
“Built to Last: Successful Habits of Visionary Companies by Jim Collins and Jerry Porras” amzn.to/2RGKGKe
· Recommended by: Elon Musk
“Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel” amzn.to/2REbHhw
· Recommended by: Tony Hsieh
“Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan” amzn.to/34KgraQ
· Recommended by: Warren Buffet
“Business Adventures: Twelve Classic Tales From the World of Wall Street by John Brooks” amzn.to/2K92z06
· Recommended by: Tim Cook
“Competing Against Time by George Stalk and Thomas Hout” amzn.to/3cjMMYn
Show Notes, Links and more reading
www.startuprad.io/blog/this-month-in-german-startups-november-2020/
This Month in German Startups - October 2020
Today we are wrapping up October 2020 for you with a monster round in the making at N26, new information on the Wirecard insolvency and questions about published information of Heidelberg based insurance startup Getsafe.
You can now join us on the entrepreneur network DueDash: buff.ly/2R90PYp with 5 Euros a month you support our work! Or become a Patron at Patreon: buff.ly/32bZ4zW
Thank you!
EnablerThis recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: www.invest-in-hessen.com/
Find all options to subscribe here:
💢 Tech Startups Germany by Startuprad.io - Audio onlyiTunes apple.co/2Z17bflSpotify spoti.fi/3kCcgoB Find all the links and show notes here: www.startuprad.io/blog/this-month-in-german-startups-october-2020/
This Month in German Startups - Summer 2020 (July, August, September)
Today we are wrapping up summer 2020 for you. This is going to take a bit longer than normal, so grab a coffee and relax on the couch.
You can now join us on the entrepreneur network DueDash: buff.ly/2R90PYp with 5 Euros a month you support our work! Thank you!
EnablerThis recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: www.invest-in-hessen.com/
Find all options to subscribe here:
💢 Tech Startups Germany by Startuprad.io - Audio onlyiTunes apple.co/2Z17bflDeezer bit.ly/2Qbh1rlTuneIn bit.ly/2M8vpznStitcher http://bit.ly/34xTANO💢 Tech Startups Germany by Startuprad.io - VideoiTunes apple.co/2M8ZxKJ
Housekeeping - Time to brag We made it now in 39 Countries in the podcast charts, adding Switzerland, Zimbabwe, Israel, and Indonesia! Thank you!
[caption id="attachment_3669" align="alignleft" width="800"]Podcast Charts Appearances of Startuprad.io - Now in 39 countries[/caption]
As a premier source for startup information from Germany, Startupradio was already a part of the US launch of podcasts on Amazon Music and is now in Germany as well.
www.instagram.com/p/CFcAK3wj3Gn/
Video News - This video will go live on Thursday, September 24th 19.00 CET (Frankfurt, Zürich, Berlin, Milan)https://youtu.be/AQBKnWmxaTY
Audio News - The audio podcast will go live at the same timeWe just need some time after the release until we can embed the Spotify player here.
Top NewsCoronavirus / Curevac Curevac was one of the biggest startup stories during the summer. They are a Tübingen, Germany-based biotech company, working on a coronavirus vaccine.
They IPOed for more than 200 mn US$ (https://buff.ly/3iUsus6)
They got visited by Elon Musk (https://buff.ly/3cjMdzf)
And we already blogged about their government investment in June (https://buff.ly/3iY0y6Q)
And they received a large investment pre-IPO by two international heavy weights:
Pre-IPO: Qatar Investment Authority takes stake in vaccine-maker CureVac buff.ly/3jnYZzD Glaxosmithkline (GSK) pays 142 mn Euro for 10% stake in one of #Germany's most promising candidates for a #coronavirus #vaccine Curevac from Tuebingen buff.ly/3homvLk Coronavirus / Potential super spreader event in the Berlin startup scene?deutsche-startups reports in their podcast, that a super-spreader event took place in the Berlin Venture Capital and startup scene on Friday, September 11th buff.ly/2ElAxzc
Wirecard We keep you updated, just a small selection of news here
Wirecard's liquidator sends employees into garden leave without pay via email after 20.00 o'clock. Rumors talk about 50% of the more than 1.000 employees buff.ly/34wB7F6
Related: Wirecard scandal fallout sees 50% of German staff laid off buff.ly/3hvG30vWirecard liabilities exceeding the assets by 2.8 bn Euro, only a few of the companies within the group had revenues at all says an expert assessment obtained by German media buff.ly/2EzLhKv Berlin-based Finleap snapped up some employees there:
Finleap starts a new unit Finleap Forward, with former Wirecard employees to help banks, insurers and SMEs with their digital transformation buff.ly/2QsWkra
More details emerged: Finleap hired a team of six employees of the Wirecard Innovation Labs to help banks, insurance companies, and SMEs with their digital transformation buff.ly/3hza2EYBerlin-based big data startup SO1 was bought shortly before the accounting scandal, now the founders bought assets back buff.ly/32JMcl0 More than 100 potential bidders lined up to acquire parts of #Wirecard, Germany’s erstwhile fintech darling” https:...