Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗
Germany’s
financial services industry,
in focus.
The companies, capital and talent shaping financial services in Germany. Find the leaders. Understand the segments. See where the activity is.

An industry ecosystem,
measured in context.
MEET THE COMPANIESExplore Germany’s financial services leaders
24 featured companies from the funding, hiring, revenue and team-size leaderboards.
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Explore Germany’s financial services leaders
24 featured companies from the funding, hiring, revenue and team-size leaderboards.
Company discovery
Recorded evidence onlyRecently founded independent companies
Recently founded means a recorded 2023–2026 founding year and no recorded parent, acquirer or public-company status. These companies are not labelled startups without that separate classification.
Explore classified startups in Radar ↗Financial Services industry KPIs in Germany
A few useful ratios bring the size of this ecosystem into perspective.
225 of 2,528 tracked companies have open roles.
66 of 2,528 tracked companies have a recorded round.
Share of disclosed capital received by the three largest recorded recipients.
Midpoint of 82 rounds with a disclosed amount.
Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 77.6% of disclosed capital, while 97.4% of tracked companies have no recorded funding round.
Explore the segments →CAPITAL & COMPANY FORMATIONHow Germany financial services has grown
Recorded company formation and disclosed funding across the complete annual series shown.
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How Germany financial services has grown
Recorded company formation and disclosed funding across the complete annual series shown.
Disclosed funding by year
Sum of recorded funding rounds · USD
View the numbers
| Year | Funding (USD) | Founded | Raising |
|---|---|---|---|
| 2016 | $1.57M | 63 | 4 |
| 2017 | $31.53M | 91 | 8 |
| 2018 | $232.16M | 90 | 7 |
| 2019 | $44.26M | 100 | 10 |
| 2020 | $4.31M | 103 | 5 |
| 2021 | $334.36M | 75 | 11 |
| 2022 | $92.97M | 38 | 10 |
| 2023 | $117.33M | 26 | 6 |
| 2024 | $60.03M | 17 | 7 |
| 2025 | $124.25M | 6 | 3 |
Funding concentration
Share of all disclosed company funding.
- MODIFI33.5%
- Mondu22.6%
- Hyundai Capital Bank Europe21.5%
- Other companies22.4%
Funding by stage
116 recorded rounds since 2016
Investors appearing most often
Recorded participation in financial services company rounds since 2016.
- 01Europa 53 rounds
- 02Cherry Ventures 4 rounds
- 03Avala Capital 3 rounds
- 04FinTech Collective 3 rounds
- 05Cavalry Ventures 3 rounds
- 06Land 3 rounds
- 07Picus Capital 3 rounds
- 08HTGF 2 rounds
- 09Valar Ventures 2 rounds
- 010BNP Paribas 2 rounds
Recent recorded rounds
Latest recorded rounds · USDBacked by Aurelius Group.
Largest and notable recorded rounds
Each card is one recorded roundBacked by Valar Ventures and FinTech Collective and others.
Backed by Fasanara and Xploration Capital and others.
Backed by Heliad and Global Founders Capital and others.
Participating investors were not recorded in this snapshot.
Backed by Haitong International Securities Group.
Backed by SMBC Asia Rising Fund and Maersk and others.
Backed by FinTech Collective and Cherry Ventures.
Backed by CommerzVentures and Cherry Ventures and others.
Backed by Valar Ventures and FinTech Collective.
Backed by Mountain Partners and Berlin Technologie Holding and others.
THE BUSINESS BEHIND THE ACTIVITYRevenue, profitability & financial strength
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Revenue, profitability & financial strength
Annual accounts availability
The measured Germany identity-to-filing probe did not produce a qualifying designated legal or national-ID join: designated German registry identities do not carry the LEI or ISIN used by bundesanzeiger facts; legal-name matching is prohibited.
Web traffic, app reach and release cadence
How the Germany companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.
Busiest websites
81 of the 2,530 companies on this page carry a measured traffic record (3.2%); these are the largest of those, by monthly visits. The median among them is 193,394 visits.
| Company | Monthly visits | Authority | Mobile |
|---|---|---|---|
| AOKaok.de | 10,012,670 | 76 | 84.7% |
| OnVistaonvista.de | 8,270,889 | 65 | 62.1% |
| comdirectcomdirect.de | 6,764,999 | 70 | 42.5% |
| Techniker Krankenkassetk.de | 5,862,564 | 73 | 72.7% |
| Postbankpostbank.de | 5,745,223 | 64 | 64.4% |
| Huk-Coburghuk.de | 3,827,409 | 59 | 71.2% |
| Sparkassesparkasse.de | 3,485,148 | 67 | 72.9% |
| Deutsche Kreditbank AGdkb.de | 3,453,883 | 58 | 56.8% |
| Deutsche Rentenversicherungdeutsche-rentenversicherung.de | 2,606,296 | 71 | 59.2% |
| Deutsche Bankdb.com | 1,582,618 | 60 | 40.5% |
Visits and authority are third-party web estimates, not company-reported figures.
Most-installed apps
146 of these companies (5.8%) publish at least one Android app — 266 apps in all, carrying 112.3M installs between them.
| App | Installs | Rating | Store category |
|---|---|---|---|
| Sparkasse Ihre mobile FilialeSparkasse | 28.4M | 4.4 | Finance |
| S-pushTAN - sichere FreigabenSparkasse | 24.1M | 3 | Finance |
| Meine AOKAOK | 6.4M | 4.2 | Health & Fitness |
| Mobiles BezahlenSparkasse | 6.4M | 3.6 | Finance |
| TK-AppTechniker Krankenkasse | 5M | 4.2 | Health & Fitness |
| Postbank BestSignPostbank | 3.8M | 4.6 | Finance |
| DKBDeutsche Kreditbank AG | 2.7M | 4.3 | Finance |
| PostbankPostbank | 2.4M | 4.3 | Finance |
| comdirect photoTAN Appcomdirect | 2.3M | 4 | Finance |
| TARGOBANK Mobile BankingTARGOBANK | 2.1M | 3.9 | Finance |
Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.
App reach by segment
The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2023Q3–2026Q1).
| Segment | Apps | Installs | Leading app | Release trend |
|---|---|---|---|---|
| Banks | 67 | 82M | Sparkasse Ihre mobile Filiale 28.4M | |
| Insurance Carriers | 79 | 20.4M | Meine AOK 6.4M | |
| Insurance Distribution | 35 | 3.8M | Barmenia 731.9K | |
| Service Providers To Banks | 16 | 2.4M | Volkswagen Bank photoTAN 979.5K | |
| Asset Management | 43 | 2.1M | DB Secure Authenticator 1M | |
| Asset Finance | 12 | 1.9M | Volkswagen Banking 662.9K | |
| Consumer And Sme Loans | 4 | 1.6M | Consors Finanz Mobile Banking 1.6M | |
| Banking Tech | 3 | 1.6M | Consors Finanz Easy Scan App 10.5K |
A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.
Release cadence by quarter
New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.
Darker bars are new releases, lighter bars apps updated. 159 of 266 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.
INSIDE THE INDUSTRYThe Germany financial services market map
Explore the segments behind the headline numbers.
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The Germany financial services market map
Explore the segments behind the headline numbers.
Where companies are building
Rank segments by scale, hiring or disclosed funding.
Companies can sit in several segments. Counts and funding overlap.
Nbfc lenders
The largest measured segment in this report snapshot.
11 companies hiring · $592.15M disclosed funding
Explore in RadarHow companies make money
Common revenue models; a company can use more than one.
THE COMPANIES IN MOTIONWho is listing, hiring leaders, launching and winning work
Recorded corporate activity linked to companies in this landscape.
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Who is listing, hiring leaders, launching and winning work
Recorded corporate activity linked to companies in this landscape.
Recent corporate headlines 10 dated reports
Financing includes support from Greece’s Recovery and Resilience Facility alongside Piraeus Bank and Optima Bank.
ING Group announced today that it is in discussions with regard to the possible sale of ING's 83.7% stake in Deutsche Hypothekenbank AG.
According to sources cited by CNBC-TV18, Kotak Mahindra Bank is looking to acquire a portfolio worth approximately ₹27,000 crore
HMS Bergbau AG acquires 75 % of the shares in the South African mining company Hoshoza Resources Vryheid (HRV) through its subsidiary HMS Bergbau Africa (Pty.) Ltd.
The Hannover-based group acquired the remaining 24.3% of Towarzystwo Ubezpieczeń i Reasekuracji Warta S.A.
Deutsche Börse Group has reached an agreement to acquire the remaining 20% minority stake in ISS STOXX, a leading data, analytics and index provider, held by General Atlantic
Pictet says it has become a “long‑term strategic shareholder” as a result of the deal.
Presidio, a leading global technology services and solutions provider, today announced that it has completed its acquisition of Ergo, the Ireland-headquartered IT solutions and managed services provider.
Additionally, Houlihan Lokey has acquired the real estate capital advisory business of Mellum Capital, with operations in Munich and London.
pbb has successfully completed the acquisition of a majority stake in companies of the Deutsche Investment Group.
Full recorded event mix
Top 10 categories among 1,054 recorded events in the 24-month window.
IPO pipeline
1 companies with recorded IPO activity
IPO activity1 reports
Leadership moves
141 tracked people moves
Retirement Previously Senior advisory role
Appointment Chairman of the Supervisory Board
Resignation
Appointment co-head of ECM for Europe, the Middle East and Africa
Appointment Head of enlarged Strategic UHNW Clients unit
Appointment member of the management board
Appointment Global Head of Credit, Surety and Political Risk Reinsurance
Appointment
Product launches
Products, platforms and features in the recorded window
cyberinsurance solution
Sustainable Finance
Product
Digital risk management service
AI assistant
Contract wins
20 recorded customer wins
Customer: Go-AheadPublic transport
Customer: AirAsia Aviation GroupAviation
Customer: kalo goldSponsorship
Customer: Brussels Region
Customer: emirates national oil companyLubricants
Customer: Meranti Green SteelSteel
Workforce actions
5 companies with reported reductions
Scale not stated rolescost reduction
Scale not stated rolescost reduction
1,000 rolesAI automation
200 rolescost reduction
15.0% rolescost reduction
Regulatory events
26 recorded events
licensed for ILS operationBermuda Monetary Authority
grantedADGM\'s Financial Services Regulatory Authority
Litigation
32 tracked suits
liability management transaction disputeCivil · Settled
whether Allianz has duty to defend, indemnify, or contribute to settlement tied to allegedCivil · Filed
Earnings pulse
Reported company results in the recorded window.
Median across 137 reported growth observations; companies may contribute multiple periods.
Mergers and acquisitions
Company-linked deal reports; status is preserved as recorded.
| Acquirer → target | Status | Date | Value / context |
|---|---|---|---|
| Na→Deutsche Hypo ↗ | Announced | 2026-04-12 | Not stated in snapshot |
| kotak mahindra bank→Deutsche Bank ↗ | Terminated | 2026-03-23 | Not stated in snapshot |
| unicredit→Commerzbank ↗ | Announced | 2026-03-19 | Not stated in snapshot |
| HMS Bergbau→Hoshoza Resources Vryheid (Pty.) Ltd. | Announced | 2026-02-19 | Not stated in snapshot |
| Talanx→Towarzystwo Ubezpieczeń i Reasekuracji Warta S.A. | Completed | 2026-02-18 | Not stated in snapshot |
| Talanx→Towarzystwo Ubezpieczeń Europa S.A. | Completed | 2026-02-18 | Not stated in snapshot |
A discussion or rumour is not a completed transaction. An unstated value is not zero.
PEOPLE & OPPORTUNITYThe talent market
4,337 postings in the preceding 12 months. The full 10,543-posting snapshot covers 215 employers.
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The talent market
4,337 postings in the preceding 12 months. The full 10,543-posting snapshot covers 215 employers.
Most advertised job titles
15 tracked postings mention remote work.
The seniority mix
1,672 postings specify a level.
Median across 61 postings with pay data, expressed in USD.
Companies hiring
| Company | Open roles |
|---|---|
| Munich Re ↗ | 13 |
| TARGOBANK ↗ | 11 |
| Afileon ↗ | 11 |
| GEFA BANK ↗ | 11 |
| LVM Versicherung ↗ | 11 |
| Techniker Krankenkasse ↗ | 11 |
| Deutsche Bundesbank ↗ | 11 |
| DZ HYP ↗ | 10 |
Large employers
| Company | Employees |
|---|---|
| Deutsche Bank ↗ | 87,597 |
| Commerzbank ↗ | 31,032 |
| Talanx ↗ | 23,735 |
| Allianz ↗ | 10,865 |
| handelsblatt media group ↗ | 7,600 |
| Wustenrot & Wurttembergische ↗ | 7,390 |
| Volkswagen Financial Services ↗ | 5,917 |
| Munich Re ↗ | 4,339 |
THE PEOPLE BUILDING THE FIELDFounders and leaders
583 founders and chief executives across 392 companies.
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Founders and leaders
583 founders and chief executives across 392 companies.
Jan Wehrs
MODIFI ↗Alphalist, ex-Klarna, ex-Billpay, Humboldt-Universität zu Berlin, 2010
Malte Huffman
Mondu ↗Ex-Zalando, The Boston Consulting Group. Montpellier Business School 2005, University of Munster 2007
Erhard Paulat
Hyundai Capital Bank Europe ↗CEO S.A.R.L.Pontcanna Properties, ex- Opel Vauxhall Finance Group, GM Financial, Ally Financial. Henley Business School MBA 2014
Nikolaus Hilgenfeldt
Myos ↗Ex-Co-Founder & CEO scondoo, Roland Berger Strategy Consultants. WHU – Otto Beisheim School of Management BSc 2008 & MSc 2010
Ulf Oesterlin
Pacifico Energy ↗Ex- McKinsey & Company. The Chinese University of Hong Kong MBA 2010
Philip Harms
Afilio ↗Ex- Summer, Movinga. Indiana Uni versity Business Administration
Lucian Rautu
Balance Re ↗Ex-BNP Paribas.
Christoph Pullen
Naro ↗Ex- Geneva Invest, HSBC, Apo Asset Management. University of Düsseldorf BS 2019, University of Cologne MS 2022
Tomas Peeters
Baufi24 ↗Ex- ING-DiBa. London Business School MBA
Rainer Waldschmidt
Hessen Trade & Invest ↗Ex-Hessen Trade & Invest, HA Hessen Agentur, Bayer, Chiron. Aston University MBA, The Philipp University of Marburg PhD 1987
Andreas Berning
NRW.Bank ↗Ex-Trader Derivatives, West German Landesbank Girozentrale, Dresdner Bank Aktiengellschaft
Thomas Becer
FinMatch ↗Ex- District Savings Bank Göppingen.
Education networks
22 profiles with education records.
Prior employers
10 profiles with prior-work records.
Profiles cover recorded founders and leaders; contact details remain in Radar.
NEWS INTELLIGENCEHow this industry appears in the news
451,773 articles in the measured 12-month window.
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How this industry appears in the news
451,773 articles in the measured 12-month window.
News volume trends
Financial Services coverage across Germany · articles per complete quarter
View quarterly article counts
| Quarter | Articles |
|---|---|
| 2021Q2 | 74,857 |
| 2021Q3 | 81,716 |
| 2021Q4 | 69,263 |
| 2022Q1 | 89,223 |
| 2022Q2 | 83,829 |
| 2022Q3 | 81,370 |
| 2022Q4 | 98,290 |
| 2023Q1 | 101,704 |
| 2023Q2 | 93,150 |
| 2023Q3 | 101,389 |
| 2023Q4 | 88,084 |
| 2024Q1 | 110,935 |
| 2024Q2 | 121,803 |
| 2024Q3 | 116,592 |
| 2024Q4 | 120,760 |
| 2025Q1 | 170,180 |
| 2025Q2 | 104,346 |
| 2025Q3 | 187,011 |
| 2025Q4 | 85,286 |
| 2026Q1 | 86,711 |
Article volume measures coverage, not market sales.
Tone of coverage over time
Most-covered companies
Company share of voice
1,564 recorded company events across 74 companies; percentages use that event total.
Leading coverage topics
Financial Services coverage across Germany · ranked by full-period article count.
Recent and prior counts use the source comparison windows.
Topics gaining and losing attention
Financial Services coverage across Germany
| Keyword | Recent | Prior | Change |
|---|---|---|---|
| countries | 3,903 | 1,710 | 128% |
| multilateral diplomacy | 1,488 | 1,018 | 46% |
| national security strategy | 891 | 603 | 48% |
| international cooperation | 616 | 434 | 42% |
| study overseas | 601 | 341 | 76% |
| overseas study | 543 | 315 | 72% |
| aerial bombardments | 508 | 183 | 178% |
| semester abroad | 491 | 281 | 75% |
| oil price volatility | 488 | 167 | 192% |
| commodity futures | 469 | 227 | 107% |
| europa league | 606 | 2,511 | -76% |
| olympic team selections | 747 | 1,816 | -59% |
| nationalist composers | 3 | 1,776 | -100% |
| economic slowdown | 750 | 1,444 | -48% |
| aleatoric music | 8 | 1,371 | -99% |
Event and signal lenses
Financial Services coverage across Germany
Regulatory Risk
804,348 classified articlesterritories, disputed islands, countries
24.9% critical · 15.9% positiveFunding Momentum
89,377 classified articlesclub valuation, inflation reports fx, currency intervention policies
39.4% critical · 43.7% positiveGrowth
208,192 classified articlesgdp growth rate, gdp acceleration, economic output growth
29.8% critical · 46.0% positiveFinancial Services coverage across Germany. Topic labels describe recorded classifications and can include broad context.
GEOGRAPHIC FOOTPRINTWhere companies are based
Company counts, hiring and disclosed funding across the recorded hubs.
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Where companies are based
Company counts, hiring and disclosed funding across the recorded hubs.

Berlin
174 companies21.8% across the displayed hubs
22 companies hiring · $664.3M disclosed funding
Explore companies in Berlin ↗
Hamburg
169 companies21.2% across the displayed hubs
18 companies hiring · $8.4M disclosed funding
Explore companies in Hamburg ↗
Munich
140 companies17.5% across the displayed hubs
19 companies hiring · $23.9M disclosed funding
Explore companies in Munich ↗Frankfurt Am Main
128 companies16.0% across the displayed hubs
16 companies hiring · $230.9M disclosed funding
Explore companies in Frankfurt Am Main ↗
Dusseldorf
54 companies6.8% across the displayed hubs
8 companies hiring · $5.6M disclosed funding
Explore companies in Dusseldorf ↗
Frankfurt
50 companies6.3% across the displayed hubs
3 companies hiring · $36.4M disclosed funding
Explore companies in Frankfurt ↗
Cologne
45 companies5.6% across the displayed hubs
4 companies hiring · $37.1M disclosed funding
Explore companies in Cologne ↗
Stuttgart
39 companies4.9% across the displayed hubs
5 companies hiring · $1.6M disclosed funding
Explore companies in Stuttgart ↗Financial Services in Germany: key questions
Clear definitions for making better comparisons.
What does this landscape measure?
It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.
Can segment counts be added together?
No. A company can belong to several segments, so segment counts and funding can overlap.
What does a missing figure mean?
A dash or unavailable panel means the current reviewed source snapshot does not support that figure.
Company ecosystem snapshot: 6 August 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.
Canonical landscape ↗