Frankfurt It was a real frenzy: valuations climbed from record to record, investors had to court the founders for the next round of financing, growth was rapid, and German fintechs could not find as many employees as they wanted to hire.
But the exuberance was followed this year by great disillusionment: Instead of raising more money for their own company with new rounds of financing, the young financial companies now have to deal with the issue of consolidation.
The reasons: Investors have been much more cautious in these months. In the record year 2021, investors put a total of 4.6 billion euros in fintechs in Germany. In the first half of this year, not only did the amount of venture capital invested fall to 1.4 billion, but also the number of deals closed from 183 to 142.
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