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๐Ž๐ง๐ฅ๐ฒ ๐Ÿ๐Ÿ—% ๐จ๐Ÿ ๐…๐ข๐ง๐“๐ž๐œ๐ก ๐Ÿ๐จ๐ฎ๐ง๐๐ž๐ซ๐ฌ ๐ฐ๐จ๐ฎ๐ฅ๐ ๐œ๐จ๐ง๐ฌ๐ข๐๐ž๐ซ ๐ฌ๐ญ๐š๐ซ๐ญ๐ข๐ง๐  ๐ญ๐ก๐ž๐ข๐ซ ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐ข๐ง ๐†๐ž๐ซ๐ฆ๐š๐ง๐ฒ ๐š๐ ๐š๐ข๐ง! ๐Ÿšจ The recently published Bitkom FinTech Study 2024 sheds light on the current climate among FinTech founders in Germany and reveals clear potential for improvement. Here are the key takeaways: ๐ŸŒ๐Ÿ“ˆGermany maintains a strong FinTech ecosystem, with 5 out of the top 12 financial service providers being FinTech companies. With targeted measures, Germany could add โ‚ฌ280 billion in company valuations and create 60,000 jobs. FinTechs rate Germany's government policies at 4 out of 6 (1 being very good, 6 being insufficient). However, ๐›๐ฎ๐ซ๐ž๐š๐ฎ๐œ๐ซ๐š๐œ๐ฒ, ๐š๐๐ฆ๐ข๐ง๐ข๐ฌ๐ญ๐ซ๐š๐ญ๐ข๐ฏ๐ž ๐›๐ฎ๐ซ๐๐ž๐ง๐ฌ, ๐š๐ง๐ ๐Ÿ๐ข๐ง๐š๐ง๐œ๐ข๐ง๐  ๐จ๐ฉ๐ญ๐ข๐จ๐ง๐ฌ ๐ง๐ž๐ž๐ ๐ฌ๐ข๐ ๐ง๐ข๐Ÿ๐ข๐œ๐š๐ง๐ญ ๐ข๐ฆ๐ฉ๐ซ๐จ๐ฏ๐ž๐ฆ๐ž๐ง๐ญ. Notably, only 19% of FinTech founders would choose Germany again!ย ๐Ÿšจ โš–๏ธ Regulation poses a challenge, with 53% of participants feeling disadvantaged in European competition due to regulatory issues. A significant 82% believe that risk avoidance dominates regulatory implementation, and 72% support a harmonized EU licensing system. ๐Ÿ’ฐ Although financing volumes are rising, there is still a โ‚ฌ๐Ÿ‘๐ŸŽ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐Ÿ๐ข๐ง๐š๐ง๐œ๐ข๐ง๐  ๐ ๐š๐ฉ and a โ‚ฌ๐Ÿ๐Ÿ–๐ŸŽ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ฏ๐š๐ฅ๐ฎ๐š๐ญ๐ข๐จ๐ง ๐ ๐š๐ฉ compared to European leaders. ๐“๐จ ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐จ๐ซ๐ฌ: Germany's FinTech sector is ripe with opportunity! Your investments can drive innovation and growth. Now is the time to invest in the future of finance. ๐“๐จ ๐ญ๐ก๐ž ๐ ๐จ๐ฏ๐ž๐ซ๐ง๐ฆ๐ž๐ง๐ญ: Let's reduce bureaucracy, improve financing options, and adopt a balanced regulatory framework. A harmonized EU licensing system could position Germany as a global FinTech leader. Access the full study here ๐Ÿ‘‰๐Ÿผ https://lnkd.in/eNTD6ZSx #FinTech #Innovation #DigitalTransformation #BitkomStudy2024 Solaris SE, CLARK, Mambu, N26, Trade Republic, Scalable Capital, Raisin, SumUp, Billie, auxmoney,ย Banxware,ย PAIR Finance Carsten Hรถltkemeyer, Benedikt Kalteier, Fernando Zandona, Valentin Stalf, Christian Hecker, Erik Podzuweit, Daniel Klein, Dr. Matthias Knecht, Raffael Johnen, Jens Roehrborn, Stephan Stricker

Bitkom FinTech Studie 2024

bitkom.org

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