Deutsche Börse offers helping hand to start-ups 28 April 2016Frankfurt Reporter: Drew Nicol
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Deutsche Börse has opened a fintech hub for German start-ups in Frankfurt in support of the Hessian State Government's fintech initiative.
Four start-ups, Fintura, a loan rate comparison portal for SMEs, dwins, an account switching service, savedroid, an automatic money saver app and Cashlink Payments payment system will all move into the new business hub shortly.
The offices, which Deutsche Börse is initially offering free of charge, will serve as headquarters for three of the businesses.
Hauke Stars, Deutsche Börse executive board member responsible for cash market, pre-IPO and growth financing, said: “Promoting innovative business ideas is part of our broad offering, which begins with start-ups and continues with later-stage financing via Deutsche Börse Venture Network, extending through to IPOs and traditional exchange trading. To this end, we will be introducing additional offerings in the future.”
Staff of Deutsche Börse Venture Network will provide their expertise to the start-ups at the hub.
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