#bytevaria talk – Episode 3

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

2.4 Billion Euros
Market size
+43 % FinTechs since beginning of 2014
524 Million Euros
2013: 80 million Euros; 2014: 225 million Euros
Approaching the UK's absolute investments for 2015 (707 million Euros)
Germany is ranked 5th in the group of the top 8 global FinTech regions
FinTech market has been growing by more than 70 % since 2013
402 Million Euros significant investment in
Credit & Lending
Banking & Lending has been and still is the most dominant segment
start-up environment
Since 2010, the B2B segment has gained more attention
Source: Ernst & Young

Bavarian: healthy infrastructure for robust financing

Strong finance economy

1/5 of all one million German employees is employed in Bavaria
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
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

How to get your FinTech started in Bavaria

WERK1 InsurTechAccelerator
Accelerator programme that brings together the expertise of the insurance industry and the incubator experience of WERK1
Digital Accelerator
Innovation lab and new business building team for the Allianz Group
gate Garching
Technology and business incubator for young high-tech companies
Telefonica Accelerator Wayra
Center for Innovation and Business Creation at the Technische Universität München
20 week international accelerator programme for tech start-ups
Development of innovative banking products and services
HVB Innovation Lab
Investment in and accelerating of early stage tech start-ups
Download the full infographic containing additional information here All information on FinTechs in Bavaria at a glance Download now

About our discussion partner Eric Podzuweit Erik 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 Hübschle Dr. 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 former 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.

#bytevaria talk – Episode 3

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.

Your personal contact at Invest in Bavaria

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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