The Berlin-based fintech incubator Finleap, which builds technology companies for the banking, insurance and asset management industries, has raised €41.5 million from the Chinese insurance company Ping An. Founded in 2014, Finleap has already successfully launched 16 companies.
The new capital will support Finleap’s continued growth and will be used for the development of new technologies and companies as well as for further geographical expansion. Finleap will also leverage the new capital to further expand its finance fintech platforms, Finreach solutions and Infinitec Solutions.
Ramin Niroumand, founder and CEO of Finleap, said: “Since our launch four years ago, we have been transforming the financial industry with our unique ecosystem of technology companies, digital offerings, and partners. We are very pleased to welcome Ping An into the Finleap ecosystem and to work together on the future of the digitization of the financial industry in Europe. We’ve achieved a lot in the past, but of course we can still learn a lot from a global leader whose DNA is 100% digital and at the forefront of innovation.”
Jonathan Larsen, Ping An Group’s Chief Innovation Officer, commented: “We were impressed with Finleap’s broad and deep expertise in the European fintech market. With the significant investment, Ping An expects Finleap to be able to build on its existing achievements and play an even more significant role in replacing traditional financial services across Europe.”