Deutsche Börse opens fintech hub in Frankfurt
Frankfurt am Main © Wikipedia
Deutsche Börse has opened its fintech hub in Frankfurt to promote Germany’s start-up and investment culture.
This launch is part of the Hessian State Government’s fintech initiative, and Carsten Kengeter, CEO of Deutsche Börse, first presented the details and facilities back in February.
Kengeter says Deutsche Börse wants to give start-ups in the financial sector a “jump start” and make Frankfurt the leading fintech centre in Germany.
Four start-ups will be moving into their new Frankfurt offices in the next few days.
These are Fintura, a loan rate comparison portal for SMEs; Dwins, an account switching service; Savedroid, an automatic money saver app; and the Cashlink Payments payment system. Three of these firms will also be moving their headquarters to Frankfurt.
Additional start-ups will also have the opportunity to book fully-equipped facilities in flexible co-working spaces on a daily basis. Deutsche Börse is initially offering the offices free of charge.
Overall, the new hub provides around 60 workstations on the 450-square-metre site of a former pharmaceutical plant.
Conference rooms, a lounge area and a café serve as additional space for creative working, networking and events.
Staff of Deutsche Börse Venture Network, the initiative for growth companies launched in 2015, will provide their expertise to the start-ups at the hub.
The cluster is intended to provide a working space, but will also serve as a centre for events, as a point of contact for visits from foreign delegations and for investor roadshows. Deutsche Börse says it will also support this project.
