FinLeap, Germany based company builder, specializing in FinTech has raised €21 Million from the likes of HitFox Group and Hannover Re (World’s third largest insurance company).
Sources close to the development stated that the post money valuation of FinLeap is now €121 million, based on the €100 million it claimed before the investment. Also, the valuation is said to be over double of what the company was valued in the last round of funding, when it raised an undisclosed amount.
FinLeap helps companies in FinTech take off with its initial support and guidance. SolarisBank, the startup which now holds a full banking license and is enabling other fintech startups to get started quickly. Some of the other notable startups, where FinLeap created the initial impression include FinReach, software startup with automated account switching solutions; Savedo, marketplace for products related to investment; and Pair Finance, an online debt collecting startup.
Employing over 250 people, FinLeap helps the new startups with its huge network of mentors, investors and ecosystem enablers. Also, it chips in with a seed investment of €500,000 to €5 million.