17 Rising Fintech DACH stars that went live in 2022

Fintech Innovators has released its annual report featuring the most exciting and fastest growing fintech and insurance companies across Germany, Austria and Switzerland (DACH).

Produced in collaboration with robo-advisory platform Inno Invest, startup accelerator program German Accelerator, consulting firm KPMG and technology provider Amazon Web Services, the report aims to provide a comprehensive picture of DACH’s burgeoning fintech and insurtech industries, highlighting this year more than 110 ventures that reshaping the financial and insurance sectors.

The report categorizes these companies into three groups: New Stars, which includes DACH fintech and insurtech startups launched in 2022; Young Stars, or companies that entered the market in the years 2019-2021 and are developing exciting brands and products; and the Established, which includes companies that entered the market in 2017 or 2018.

40 companies make up the New Stars category, 61 companies make up the Young Stars category, and 11 are considered to be established fintech and insurtech brands.

To get a feel for DACH’s emerging fintech and insurtech startups, today we look at the 40 new stars, delve into those that have made significant strides in the past year, and examine the 17 startups that have fully launched their products.

InsiderPie

Founded in 2022 in Germany, InsiderPie is a digital platform that tracks and analyzes transactions of professional players in the capital market and provides users with data for long-term investments. The findings are based on three pillars: trades made by star investors such as Warren Buffett, director actions and the analyst ratings of well-known banks.

InsiderPie currently operates in the DACH region, but plans to expand to the US and UK in the next two to three years. The start-up is also looking to secure funding and collaborate with a strategic partner.

Wattify

Founded in 2021 in Germany, Wattify is a blockchain-based fully bank-compatible crowd investment platform that gives retail investors access to renewable energy projects via so-called electronic cryptocurrencies.

Wattify is active in DACH, but plans to expand the wider European region. Over the next 18 months, the startup plans to launch several projects, build a stable business-to-consumer (B2C) customer base and develop a business-to-business-to-consumer (B2B2C) business model.

Foma

Foma was founded in 2021 in Germany, and is a platform for the administration of digital receivables. Using advanced technology, artificial intelligence (AI) and data science, Foma is able to offer a customer journey tailored exclusively for small and medium enterprises (SMEs), from registration, onboarding requirements, E2E collection and value-added services and reporting etc. ., all done digitally and by using the platform as one medium.

Over the next 18 months, Foma plans to bring on at least 1,000 new customers, build one or two new products, start developing interfaces to its distribution partners. Foma secured undisclosed seed funding in August.

Spiritual

Founded in 2022 in Germany, Spiritory is a trading platform for blue-chip spirits, wine and sparkling wine. The platform focuses on the investment, purchase and sale of spirits, wines and sparkling wines, enabling users to access blue-chip assets at true market prices.

Spiritory is active in Germany but plans to expand into the wider European Union (EU), UK and Asia over the next three years. Over the next 18 months, the startup hopes to close its first round of investment and will focus on building its user base.

Iknaio Cryptoasset Analytics

Founded in 2021 and based in Austria, Iknaio Cryptoasset Analytics provides operational services that help organizations mitigate illegal activities involving cryptoassets. Iknaio provides services around the open source analytics platform GraphSense, serving investigators from national governments, law enforcement agencies, security companies and the payments industry.

Iknaio operates across Europe and plans to expand to Asia and the US. The company, which has managed to win the first government customers in Austria and Germany, hopes to establish a network of more than five valuable partners in different areas in the next 12 months.

Cure Finance

Founded in 2020 and based in Germany, Cure Finance is an intelligence banking platform for healthcare professionals. By leveraging open banking services, the platform integrates seamlessly into medical practice processes and supports healthcare professionals in making business processes more transparent and making better financial decisions.

Cure Finance closed EUR 1.4 million in funding in October 2021. The company plans to launch in Austria and Switzerland over the next three years.

Fynn

Founded in 2022 and based in Germany, Fynn is an accounts payable and accounts receivable invoicing software that aims to streamline financial processes with automation.

Fynn hopes to expand across the entire DACH region over the next three years. Over the next 18 months, it says it will focus on securing funding and connecting with strategic partners that will help it take the product to the next level. It will also continue to expand its product portfolio and launch more financial modules.

Economy, baby!

Economy, baby! is a financial education platform for women that offers content that addresses taxes, retirement plans, stock trading, exchange traded funds (ETFs), cryptocurrency, real estate financing and more.

The online courses consist of videos that users can watch at any time, followed by interactive instructions, checklists and more. Customers can also book a consultation with a financial expert and can sign up for all the services offered by Finance, Baby! partners directly from the app.

Economy, baby! claims more than 5,000 active app users and says it has already secured its first round of funding. In the next 18 months, they hope to raise their next round of funding and launch an updated version of the app with more features.

Taxify

Founded in 2021 and based in Austria, Taxefy is a tax app that helps users file their tax returns quickly and seamlessly online. After registering for the service, users simply need to answer an average of 40 customized questions for the platform to calculate the estimated amount of the tax refund. Users can then choose to have Taxefy send the tax return to the tax office.

Taxefy currently operates in Austria, but is looking to expand to other European markets over the next three years. The company claims it has submitted over 10,000 tax cases with a total tax volume of over 7 million euros to the tax office. It is now looking to secure at least €2 million in funding in exchange for 15% of the company.

Caspar&

Founded in 2020 and based in Switzerland, Kaspar& is an asset manager regulated by the Swiss Financial Supervisory Authority (FINMA) that combines asset management with payments.

The company provides customers with a Swiss bank account, an investment account and a prepaid Mastercard. Every time a user pays with the Kaspar& card, it is rounded up to the next CHF and the difference is automatically invested in the form of micro-investments. Other products it offers include individual savings and investment plans where customers can pay in or out at any time as much as they want.

Over the next three years, Kaspar& plans to expand into Germany and Austria. It hopes to close a seed round within the next year.

Fiat24

Founded in 2018 and based in Switzerland, Fiat24 specializes in banking services for the metaverse. The company offers a core banking system built entirely on blockchain and powered by smart contracts, offering customers multi-currency cash accounts that can be topped up by peers, through a wire transfer and a crypto-to-fiat top-up.

Fiat24, which has more than 10,000 users, operates in Switzerland and the EU, but hopes to expand beyond the region and into Asia over the next three years. Over the next 18 months, it hopes to amass a total of 100,000 users.

Inno Finanz

Founded in 2021 and based in Germany, Inno Finanz is a brokerage bank that focuses on personal advice on hedging, insurance, capital investments and construction and housing. The company seeks to act as a “professional financial coach” for its clients, striving to select the ideal banking and insurance products for them.

Inno Finanz currently operates in three regions in Germany, but hopes to expand across the country in the next three years. Over the next 18 months, it says it will focus on increasing sales volume and open five new locations to expand its reach.

Splint Invest

Founded in 2021 and based in Switzerland, Splint Invest is an alternative asset investment platform that allows users to start investing with as little as EUR 50. The platform aims to make alternative asset classes easily accessible to everyone, focusing initially on partial investments in luxury goods, such as whisky, watches, wine, cars and art.

Splint Invest claims it has already brought on board over 5,000 retail investors, but hopes to reach 15,000 within the next 18 months. The startup recently secured CHF 500,000 just a few months after winning CHF 150,000 from Venture Kick.

Money masters

Founded in 2020 and based in Switzerland, Money Masters is a gamified financial education platform that makes leaning about money easy and fun. The company has built an interactive financial journey that takes users from the basics of personal finance to more complex topics like investing and finance. In addition, the platform offers financial games to bridge the gap between theory and practice.

Money Masters is available in most countries in the world, but will place a greater focus on Latin America over the next three years. The company claims 30,000 users and hopes to secure funding and strategic partners on board within the next year.

Denarius

Founded in 2021 and based in Germany, Denario is an integrated B2B payment platform offering secure bill payments, payouts and invoicing services. Denario allows SMEs and startups to automate their accounts payable and receivable functions, leveraging open banking services to allow them to connect their financial accounts such as bank accounts, PayPal and Stripe.

Denario operates in the EU and UK and plans to expand to the US in the next three years. Over the next 18 months, the startup said it will release several new payment methods and modalities. Denario secured 1.3 million euros in January

Clanq

Founded in 2021 and based in Switzerland, Clanq is a mobile finance app that aims to support parents in creating sustainable funds for their children’s future. The solution allows families to create and increase savings for their children seamlessly by utilizing the untapped savings potential.

The company claims families using its platform can save up to 30% more through a combination of cashback, automated savings with family and friends, and sustainable investments.

Clanq is currently available in Germany, but plans to expand across Europe over the next three years. Over the next 18 months, the startup said it will focus on launching a banking offering for teenagers and expand to other European countries.

Foreus

Founded in 2021 and based in Austria, Foreus is a cyber and crypto security firm that combines open source intelligence with software-based intelligence gathering from the darknet to tackle cryptocrime. Foreus serves lawyers, banks and finance companies, helping them detect digital fraud, gather evidence of crimes and comply with regulations.

Foreus currently operates in DACH, Turkey and Dubai, but plans to launch in Italy and the UK within the next three years.