FinTechs are turning the international financial sector upside down. Making the most of the opportunities resulting from digitization, young start-ups are further developing the market and constantly on the lookout for creative approaches to making financial transactions easier, faster and more secure. And Munich offers the ideal conditions for this venture. Erik Podzuweit, founder and Co-CEO of Scalable Capital, explains the reasons behind this in an interview with Dr. Wolfgang Hübschle. The third episode of #bytevaria talk offers insights into the work of a start-up and the financial sector, and you will learn why Munich is the perfect location for young entrepreneurs.
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FinTech in Germany 2016
2.4Billion Euros
Market size
+43 % FinTechs since beginning of 2014
524Million Euros
investment
2013: 80 million Euros; 2014: 225 million Euros Approaching the UK's absolute investments for 2015 (707 million Euros)
13.000
Staff
Germany is ranked 5th in the group of the top 8 global FinTech regions
250
Businesses
FinTech market has been growing by more than 70 % since 2013
402Million Euros significant investment in
Credit & Lending
Banking & Lending has been and still is the most dominant segment
Complex
start-up environment
Since 2010, the B2B segment has gained more attention
Source: Ernst & Young
Bavarian: healthy infrastructure for robust financing
Strong finance economy
179,000
Employees
1/5 of all one million German employees is employed in Bavaria
477
Banks
State with the largest number of credit institutes and Germany's banking location No. 2
Industries: banking and insurance, asset management, venture capital, leasing and factoring
20 % share of the German financial sector's gross value added
One of the world's leading (re-)insurance locations with around 100 companies, including Allianz AG and Munich Re
31 % of all German insurance companies are located in Bavaria
59%%
growth in the banking and insurance sector since the early 1990s
Dynamic and strong development since 1486, when the Fuggers' trading house was named "bank" for the first time
Download the full infographic containing additional information hereAll information on FinTechs in Bavaria at a glance Download now
About our discussion partner Eric PodzuweitErik Podzuweit is the founder and Co-CEO of Scalable Capital. He was most recently active as the Co-CEO Germany at Westwing Home & Living. Before that, he was Executive Director at Goldman Sachs in London and Frankfurt for seven years, where he advised financial institutions in the field of capital investments and was responsible for an electronic trading platform.
About Dr. Wolfgang HübschleDr. Wolfgang Hübschle, who has a doctorate in Law, is the head of Invest in Bavaria, the Business Promotion Agency of the State of Bavaria. Previously, he served as the representative of the State of Bavaria in New York and was responsible for handling the acquisition of American companies, among other things. In addition, he headed the department for regional business promotion, the European Territorial Cooperation INTERREG A, in the Bavarian Ministry of Economic Affairs. Hübschle collected insights into the local aspects of business promotion as the head of business promotion for the city of Augsburg, where he worked from 2002 to 2005.
#bytevaria talk – Episode 2
The CEO of GE in Germany and Austria, Dr. Carlos Härtel, and the head of Invest in Bavaria, Dr. Wolfgang Hübschle, discuss what Industry 4.0 means in Bavaria and how digital start-up companies in particular can benefit from the technical developments, expertise and outstanding infrastructure available at the location.
The world of finance is changing. Young FinTech start-ups are challenging present payment practices and turning the banking business upside down. In a discussion with Erik Podzuweit, founder and Co-CEO of Scalable Capital, Dr. Wolfgang Hübschle will address the question of how young Bavarian entrepreneurs manage to find qualified young talents, benefit from the connection to international financial centres and succeed in tapping the potential of local digital know-how.
As the business promotion agency of the state of Bavaria, Invest in Bavaria supports German and foreign countries from a wide range of sectors in finding a location in Bavaria so that they can hit the ground running on arrival in the state.
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Employees 
Banks 
One of the world's leading (re-)insurance locations with around 100 companies, including Allianz AG and Munich Re 
