Only three months after successfully launching solarisBank, FinLeap announces its next milestone. The Berlin-based company builder secures a total of € 21 million equity capital from existing and new investors.
Next to the founding shareholder, HitFox-Group, new institutional investors from the insurance industry took a stake in the company including Hannover Re, the third largest worldwide reinsurer with a gross premium of around € 17 billion.
FinLeap is a company builder specialized in founding and building digital companies within the financial industry. Together with other investors, FinLeap plans to invest at least € 50 million within the next 12 months into its fintech-ecosystem.
“In the last 20 months, we built nine new companies and typically invested between 500,000 and € 5 million. The first companies will become profitable this year and we are excited to be a key player in driving the digitalization of the European financial market forward”, says FinLeap co-founder and managing director Ramin Niroumand.
The funds from the financing round will drive the development of the company building platform as well as the growth of the existing companies and the founding of new ventures.
Jan Beckers, CEO of the HitFox Group and chairman of FinLeap comments: “Most recently, with the founding of solarisBank, FinLeap established itself as one of the most important FinTech players in Europe and with its portfolio it will grow faster than the market. We are looking forward to continue strengthening this powerful position by being a very active investor.”
Gerald Segler, Hannover Re’s chief investment officer noted: “In the next years, technology driven financial service providers will create billions of dollars in revenue. We looked at different companies within the industry and FinLeap convinced us. Pre-eminently because of its team and the speed they have in bringing innovations to life.”