Germany Fintech Savings Trends

• Overall, the Fintech adoption rate in Germany rose to 64%, and is now at par with the global rate.
• Germany's banking segment got the highest Fintech investment in 2018, claiming over EUR 189 million of funding.
• Current banks are now partnering more with Fintech firms to compensate for the yearly losses of approximately 3% of their revenue to Fintech companies.
• Several Fintech firms are also deploying a "cooperation through acquisition" approach.
• For six years now, around 92 Fintech acquisitions have been completed.
• About 50% of these acquisitions are Fintech firms acquiring similar companies.
• Around 64% of these acquisitions were Fintech startups that are operating in the B2B segment.
• The rest of the 36% are in the B2C sector.
• Fintech challenger banks gained massive funding from venture capitalists in 2018.
• The Association of German Banks are hawking for more collaboration between banks and Fintech firms.
•  Core Fintechs in Germany are dealing mostly with financial solutions such as savings products.
• Fintech firms in Germany are strongly gravitating towards Core Fintechs'solutions.
• Around 67% of Fintech startups were from this group.
• There has been a clamor for a combination of more B2C/B2B models as more Fintech companies delve into the Core Fintech segment.
• There is also an increasing collaboration among Fintech firms and incumbent firms where B2B firms are less intimidating.