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Berlin-based fintech company builder, FinLeap, secured EURO 21m in new funding from investors such as HitFox Group and insurance company Hannover Re. FinLeap is an incubator for the development of fintech startups, ranging from banking to insurance. Sources say this places FinLeap in a EURO 121m post-money valuation.
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“In the last 20 months, we built nine new companies and typically invested between 500,000 and 5 million euros,” says FinLeap co-founder and managing director Ramin Niroumand in a statement. “The first companies will become profitable this year and we are excited to be a key player in driving the digitalization of the European financial market forward”.
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