Deutsche Börse Cash Market: Happy birthday to the FinTech Hub!

Deutsche Börse’s FinTech Hub recently celebrated its first birthday in the beginning of May in Frankfurt. The hub currently has four start-ups which are based rent-free.

Deutsche Börse’s FinTech Hub in Frankfurt is celebrating its first birthday. Four financial sector start-ups officially moved into the hub at the beginning of May 2016, and have been based there rent-free ever since. The hub offers 450 m2 of space in the up-and-coming Ostend area of Frankfurt, close to the trendy Berger Strasse. The Deutsche Börse Venture Network staff is on hand to consult the FinTech companies and provide them with contacts.

The four young companies have shown a steady development over the past twelve months, having either obtained initial funding already or are in the process, and their staff numbers have more than doubled. The many events held in the FinTech Hub have put Frankfurt on the FinTech radar both nationally and internationally. Recent visitors include delegations from Norway and South Korea, who met with the founders of the FinTech companies and Deutsche Börse Venture Network staff. Deutsche Börse brings together students, start-up founders and representatives of established financial institutions for its regular “rooftop talks” where they have the opportunity to exchange views. Deutsche Börse also sponsors TechQuartier, another FinTech centre in Frankfurt, which was established at the end of last year at the initiative of the Hesse state government.

“One year on and it’s clear that Frankfurt and FinTech are a good match. Right here is where the action is in Europe now. Frankfurt has taken a big step forward, thanks to joint political and business initiatives,” said Carsten Kengeter, Deutsche Börse CEO, during the celebrations. “We want Frankfurt to become one of the leading FinTech locations in Europe. Its prospects post-Brexit are particularly promising and Deutsche Börse wants to be play a key role in its future.”