About Embedded Finance sector in Munich, Germany
The Embedded Finance sector in Munich, Germany comprises 14 companies, including 10 funded companies having collectively raised $82.9M in venture capital money and private equity. Out of these, 7 are Series A+ funded.
Embedded Finance sector in Munich, Germany has seen 4 acquisitions and 1 IPO. This represents almost 35.7% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies providing solutions for Non-Financial companies to integrate/embed financial services like banking, payments, lending, etc with their main offerings.
It includes companies that are providing embedded banking, embedded insurance, embedded lending, and embedded investment solutions. It excludes companies that are using embedded finance solutions, payment gateways, banking software suite, Internet First Lenders, Internet First Insurers, and Internet First Bank.
Top Embedded Finance Companies in Munich, Germany
There are 14 Embedded Finance startups in Munich, Germany which include Ivy, FinTecSystems, ndgit, Xpay, LaterPay. Out of these, 10 startups are funded, with 7 having secured Series A+ funding.
Notably, several of these startups have been founded by alumni of Technical University of Munich.
Here is the list of top Embedded Finance startups in Munich, Germany
1. Ivy
Provider of financial infrastructure for payments and banking in digital economy. The company offers tools to move funds via payment rails or stablecoins. It provides named accounts and wallets for storing funds. The company facilitates currency conversion between local currencies and stablecoins.
Key facts about Ivy
- Founded Year: 2021
- Location: Munich (Germany)
- Stage: Series A
- Total Funding till date: $27.7M
- Investors: Creandum, Valar Ventures and 29 Others
- Latest Funding Round: Series A, Aug 31, 2023, $*****
- Tracxn Score: 60/100 What is this?
- Competitors Rank: 3 of 23 Competitors
Fintec Systems provides open banking API solutions to financial institutions. It provides access to multiple consumer's bank accounts for reading account information, balances, transaction revenue, and more. The solution provides data categorization, analysis of transaction and sales data, consumer report, and more.
Key facts about FinTecSystems
- Founded Year: 2014
- Location: Munich (Germany)
- Stage: Acquired
- Total Funding till date: $5.33M
- Investors: Heilemann Ventures, Reimann Investors and 5 Others
- Latest Funding Round: Series B, Nov 30, 2017, $*****
- Tracxn Score: 53/100 What is this?
- Competitors Rank: 5 of 59 Competitors
3. ndgit
Open banking API solutions for banks and financial institutions. It connects banks and fintech with the digital ecosystem. Its services include customized banking services, a transaction management platform, a marketplace for fintech, and more. Banks use API for facilitating KYC, loans, depots, insurance, and more.
Key facts about ndgit
- Founded Year: 2015
- Location: Munich (Germany)
- Stage: Acquired
- Total Funding till date: $5.8M
- Investors: Dieter von Holtzbrinck Ventures, Capnamic Ventures and 4 Others
- Latest Funding Round: Series A, Apr 26, 2018, $*****
- Tracxn Score: 47/100 What is this?
- Competitors Rank: 99 of 594 Competitors
4. Xpay
Xpay provides white-label solutions for payment cards. It offers cards such as prepaid cards, credit cards, loyalty cards, and gift cards.
Key facts about Xpay
- Founded Year: 2016
- Location: Munich (Germany)
- Stage: Series A
- Total Funding till date: $7.78M
- Investors: Apeiron Investment Group, Roberts Capital and 4 Others
- Latest Funding Round: Series A, Jan 10, 2020, $*****
- Tracxn Score: 45/100 What is this?
- Competitors Rank: 1 of 5 Competitors
5. LaterPay
Provider of tools enabling pay-as-you-go monetization for digital content and services. The company offers solutions for self-service applications, AI agents, and enterprise developers. It facilitates charging users per prompt, feature, file, event, or access period. The platform supports content creators, developers, publishers, educators, and SaaS businesses.
Key facts about LaterPay
- Founded Year: 2010
- Location: Munich (Germany)
- Stage: Deadpooled
- Total Funding till date: $37.2M
- Investors: Schoeller Family, Swisscom Ventures and 4 Others
- Latest Funding Round: Angel, Jun 19, 2020, $*****
- Tracxn Score: 39/100 What is this?
- Competitors Rank: 149 of 596 Competitors
Companies founded year-on-year in the Embedded Finance sector in Munich
2 Embedded Finance startups in Munich were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | - |
2021 | 2 |
2020 | - |
2019 | 1 |
2018 | 1 |
2017 | - |
Stage-wise distribution of Embedded Finance sector companies in Munich
Out of the total 14 Embedded Finance companies in Munich, 10 have secured funding. Among them, 7 have reached Series A or higher, and 5 to Series B or beyond.
Founded - 14
Funded - 10
Series A+ - 7
Series B+ - 5
Series C+ - 5
Company Stage | No. of companies |
|---|---|
Founded | 14 |
Funded | 10 |
Series A+ | 7 |
Series B+ | 5 |
Series C+ | 5 |
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Funding Trends in the Embedded Finance sector in Munich
Total funding year-on-year in the Embedded Finance sector in Munich
The Embedded Finance sector in Munich saw a total funding of more than $80.9M in the last 10 years. The most amount of funding was in 2023 at more than $27.7M.
- Total Funding
Year | Total Funding |
|---|---|
2023 | $27.7M |
2022 | - |
2020 | $17.8M |
2019 | $6.73M |
2018 | $4.88M |
2017 | $19.7M |
Recent Funding Rounds in Embedded Finance in Munich
In the year 2023, till August 2023, Embedded Finance companies in Munich have raised $27.7M in equity funding across 2 rounds.
Here are some recent, important funding rounds in Embedded Finance companies in Munich:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 7552 | Aug 31, 2023 | ||
Seed | 1534 | Jul 11, 2023 | ||
Seed | 1499 | Dec 14, 2022 | ||
Angel | 1271 | Jun 19, 2020 | and 2 more | |
Series A | 5773 | Jan 10, 2020 |
Top Investors in Embedded Finance in Munich
Plug and Play Tech Center is the top investor in Embedded Finance companies in Munich based on number of companies invested.
Here are some top investors in Embedded Finance companies in Munich:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | - | |
Stockholm (Sweden) | - | |
Munich (Germany) | - | |
Vienna (Austria) | - | |
Munich (Germany) | - |
M&A activity in Embedded Finance sector in Munich
In the year 2024, till May 2024, 1 acquisition happened in Embedded Finance sector in Munich. Last year, in 2023, a total of 1 acquisition happened in Embedded Finance sector in Munich.
Here are some recent, important acquisitions in Embedded Finance sector in Munich:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | May 22, 2024 | ||
Business Acquisition | Nov 16, 2023 | - | |
Business Acquisition | May 10, 2022 | ||
Business Acquisition | May 18, 2021 | ||
Business Acquisition | Dec 22, 2018 |
Acquisition trends in Embedded Finance sector in Munich
Here are the acquisition trends in Embedded Finance sector in Munich:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 1 |
2023 | 1 |
2022 | 1 |
2021 | 1 |
2020 | - |
2019 | - |
2018 | 1 |
2017 | - |
IPOs in Embedded Finance in Munich
In the year 2008, till October 2008, 1 IPO happened in Embedded Finance sector in Munich.
Here are some recent, important IPOs in Embedded Finance sector in Munich:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 07, 2008 | Frankfurt Stock Exchange (FRA) |
Top News in Embedded Finance in Munich
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German Payment Startup Ivy Partners with Kraken for Instant Crypto PaymentsTrending Topics•Jun 03, 2025•Ivy, Kraken
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Ivy Raises €7M in Seed FundingFinSMEs•Aug 01, 2023•Ivy, Creandum, 10x Founders, Angel Invest Ventures
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