Sifted, a tech media brand backed by the Financial Times (FT), released its annual ranking of Germany’s fastest-growing startups, showcasing the resilience and dynamism of the country’s tech ecosystem.
The Sifted 50: Germany ranking, released in September, ranks the 50 startups with the highest revenue growth in the country over the past three financial years. These companies have achieved remarkable revenue growth despite double-digit inflation and sharply rising interest rates.
This year’s two-year average compound annual growth rate (CAGR) of revenue stands at a remarkable 162.08%, with the top three companies surpassing the 500% CAGR mark.
Geographically, Berlin leads as an innovation hub, with 22 of the 50 largest companies based in the capital, followed by Munich with nine and Cologne and Hamburg with three each.
Together, these 50 companies have raised €6.98 billion in funding and generated €3.03 billion in revenue over the past three financial years.
This year, fintech dominates the rankings, with 12 companies offering cutting-edge solutions in areas such as personal finance, expense management and regtech. This underlines the importance of fintech in Germany.
Today, we take a look at the 12 fintech companies that made this year’s Sifted 50: Germany Leaderboard, highlighting their value propositions and recent achievements.
Anybill (+328.17% revenue CAGR)
Founded in 2019, Anybill allows retailers of all sizes to issue receipts digitally, directly at checkout. The solution integrates with merchant applications, wallets, banking and payment applications, filling gaps in payment infrastructure.
Munich-based Anybill secured €5 million in funding and recorded a two-year revenue CAGR of 328.17%. This figure makes it the 6th fastest growing German startup of the last two years, according to Sifted.
Finanzguru (+168.67% revenue CAGR)
Launched in 2018, Finanzguru is a financial assistance application that leverages artificial intelligence (AI). The platform allows users to manage all their banking accounts and contracts in one place, and provides them with advice on insurance and financial products based on digital analysis of their banking data.
Operated by Frankfurt am Main-based dwins, Finanzguru complaints over 1.5 million registered users, making it the largest bank-independent financial app on the German market. The company achieved a revenue CAGR of 168.67% over the last two years, making it the 15th fastest growing startup in Germany.
HeyData (+144.9% revenue CAGR)
Founded in 2020, HeyData is a leading compliance startup headquartered in Berlin. The company offers an all-in-one compliance solution, portion over 1,500 small and medium-sized businesses (SMEs) and startups manage their data protection and compliance requirements.
HeyData secure a seed funding round of €3.3 million in September 2022 to fund the expansion of its products and venture into new markets. The company achieved a revenue CAGR of 144.9% over the previous two years, making it the 18th fastest growing startup in Germany.
Circula (+140.48% revenue CAGR)
Founded in 2017, Circula is a leading spend management solution for SMEs in Europe. The platform helps businesses manage employee expenses, such as travel expenses, personal expenses, and benefits. It automates the expense report submission and approval process and integrates seamlessly with existing enterprise resource planning (ERP), accounting, and human resources (HR) software.
Circular complaints More than 2,000 professional customers. The company has secured $25 million in venture capital (VC) to date and recorded a CAGR of 140.48% over the last two years, making it the 20th fastest growing German startup.
Hawk (+105.74% revenue CAGR)
Founded in Munich in 2018, Hawk used explainable artificial intelligence (AI) to revolutionize anti-money laundering (AML) and regulatory compliance for financial institutions. The company’s technology combines AML transaction monitoring, payment monitoring, know-your-customer (KYC), and fraud detection to provide comprehensive tools that help institutions effectively combat financial crime while reducing costs.
Hawk, which works with leading financial institutions and partners such as Moss, Mambu, Visa and LexisNexis, raised Funding of $27 million. The company recorded a revenue CAGR of 105.74% over the last two years, making it the 25th fastest growing German startup.
Bezahl (+102.96% revenue CAGR)
Bezahl is a digital payment management platform for automotive dealerships. The platform automates, digitizes and simplifies the entire receivables process, from payment request to 100% data quality for automated posting in accounting systems.
Operated by Aufinity Group, a company founded in 2018 and based in Cologne, Bezahl complaints it has already conquered more than 80% of the top 100 German car dealerships and is now beginning its internationalization in Europe. Over the past two years, Bezahl achieved a CAGR of 102.96%, making it the 26th fastest growing startup in Germany.
Secjur (+84.8% CAGR)
Founded in 2018, Secjur is a Hamburg-based company that provides an automated compliance platform using AI technology. The company’s platform, known as Digital Compliance Office (DCO), helps businesses streamline compliance processes in areas such as data security, anti-money laundering and whistleblowing.
Secjur has already gained ground through partnerships established with companies like Mercedes Benz, Samsung and Tomorrow Bank. The startup secured €5.5 million in December 2022. It recorded a CAGR of 84.8 over the last two years, making it the 33rd fastest growing German startup.
Timeless (+76.27% revenue CAGR)
Timeless is a wealth technology startup specialized in unique collectibles such as artwork, watches, classic cars and whiskeys. Through its digital platform and the use of blockchain technology, Timeless allows fractional investments from as little as EUR 50, allowing individuals to benefit from the appreciation in the value of these tangible assets.
Timeless, a brand of New Horizon, a Berlin-based company founded in 2018, complaints to date, he has symbolized more than 600 collectibles, with a total value of more than 27 million euros. The company achieved a revenue CAGR of 76.27% over the last two years, making it the 35th fastest growing startup in Germany.
Spotixx (+73.21% revenue CAGR)
Founded in 2019, Spotixx specializes in AI-based solutions for financial crime detection. The company’s advanced solutions help banks are effectively addressing the challenges of fraud and money laundering.
With safeAML, a large-scale project developed in collaboration with industry partners, Spotixx connects banking data to create a powerful tool to fight financial crime. At the same time, its complementary products AMALIA and FREDDY bring anti-money laundering and fraud monitoring into the AI era, enhancing banks’ existing systems with advanced AI capabilities. .
Spotixx achieved a CAGR of 73.21% over the last two years, making it the 38th fastest growing startup in Germany.
ProNoblis (+66.4% CAGR)
Based in 2013, ProNoblis East an SME financing company based in Berlin. The company’s core product is a buy now, pay later (BNPL) solution for business-to-business (B2B) customers that helps SMEs finance the purchase of goods.
ProNoblis leverages a strong distribution network, strategic partnerships and AI-driven technology to deliver scalable and automated financial solutions through its flagship product, CreditEngine. CreditEngine is a digital platform that offers a fully automated credit process with a three-minute decision time, self-service features and AI-driven scoring.
ProNoblis achieved a revenue CAGR of 66.4% over the last two years, making it the 41st fastest growing startup in Germany.
Prestatech (+41.42% CAGR of revenues)
Founded in 2021, Prestatech East a cloud-based platform that provides modern underwriting solutions for lenders and innovative integrated financial products for commercial players. Through its platform, Prestatech offers banks API solutions based on AI, algorithms and big data. The services focus on end-to-end digital credit processes.
Prestatech is currently active with major European players, including Fabrick and Banca AideXa. The startup achieved a revenue CAGR of 41.42% over the last two years, making it the 46th fastest growing startup in Germany.
Pair Finance (+35.32% CAGR of revenues)
Founded in 2016 and headquartered in Berlin, Pair Finance is a leading fintech in the field of digital debt collection and receivables management. The company is transforming the debt collection industry with its sustainable, digital, efficient and customer-centric approach. Using AI, behavioral psychology and data science, Pair Finance sets a new standard in debt collection that supports businesses and consumers alike.
Pair Finance, which complaints over 500 enterprise clients, achieved a CAGR of 35.32% over the last two years, making it the 49th fastest growing startup in Germany.
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