HitFox Group launches FinLeap, the first independent FinTech Company Builder
FinLeap will launch 4 to 6 FinTech companies per year with substantial seed funding of 0,5-5m€ each. FinLeap is lead by successful serial-entrepreneurs and HitFox Group founders, Jan Beckers and Hanno Fichtner, PayPal Europe’s former Strategy Director, Jochen Siegert, and more entrepreneurs, finance and technology experts such as Nasir Zubairi, who was elected Top40 FinTech leader by Financial News and Wall Street Journal.
Berlin/San Francisco – Today, international company builder HitFox Group announces the start of the world’s first independent international FinTech company builder, FinLeap, with offices in Berlin and San Francisco. Together our successful entrepreneurs, finance and technology experts use new technologies and scalable business models to provide cheaper, simpler and more transparent digital services to businesses and consumers alike.
“The financial market is both enormous and extremely slow to change from within. There are many opportunities to improve existing products and services and offer entirely new ones. It was a very logical step for us to apply our model to this market next.„ Jan Beckers, Co-Founder and Partner at FinLeap
FinLeap will start 4-6 autonomous companies per year and provide a comprehensive set of resources that empowers the founders to focus on and create superior products and execute at speed on a global scale. The resulting company cluster is highly synergetic and allows FinLeap to impact the financial sector directly and from multiple angles simultaneously - a model with which HitFox Group was very successful since its foundation in 2011. The group developed from a startup to a multi-national company builder with numerous ventures in the fields of AdTech and BigData and more than 300 professionals on three continents.
FinLeap is lead by HitFox Founders Jan Beckers, Dr. Hanno Fichtner and FinTech veteran Jochen Siegert, who helped to build payment giant PayPal in Europe as Strategy Director EMEA. At launch, 30 serial entrepreneurs and financial services experts, technologists, product managers and graduates from companies such as HitFox Group, Goldman Sachs, McKinsey, DKB and Fab.com are working on FinLeap’s first companies. Within the next 12 months FinLeap expects to hire more than 150 professionals for the company builder and its subsidiaries.
“Being successful in FinTech for us primarily means being close to the customer. New technologies allow us to move much closer to the customer and erase information gaps, while also decreasing current transaction costs to a minimum with automated processes. In this pursuit, we are open both to developing new solutions entirely in-house or partnering with banks and financial service providers.„ Jochen Siegert, Co-Founder and partner of FinLeap
Given the rising penetration of new technologies in all major industries and the growth of global private wealth, the FinTech market is certainly one of the most promising entrepreneurial opportunities. According to Allianz Global Wealth Report, worldwide private wealth amounted to a record 118,3 trillion Euro in 2013, 10% more than a year before. In 2012 online and mobile contacts already accounted for 54% of customer interactions compared to just 6% in 2004. Digital channels have significantly increased interaction points between customers and service providers and both decision making and service interactions are expected to become more and more digital as shown by a study of BCG.
FinLeap is an international company builder focusing on the FinTech market from its offices in Berlin and San Francisco. It was founded in the second quarter of 2014 and officially launched to market in December 2014. A team of 30 entrepreneurs, finance experts and other professionals are focusing on building and growing FinTech ventures that will provide cheaper, simpler and more transparent financial products and services to their clients. FinLeap will launch 4-6 ventures a year with seed funding of 0.5-5 Million Euros each. The company is led by HitFox Group founders Jan Beckers and Dr. Hanno Fichtner, former PayPal Director of Strategy EMEA, Jochen Siegert, and supported by finance and tech experts like Nasir Zubairi, who was named a Top40 FinTech influencer by Financial News and Wall Street Journal. For more information visit finleap.com.
About HitFox Group
The HitFox Group is a digital platform builder based in Berlin. Since 2011, HitFox built three leading platforms in the areas of Fintech, Health, and Advertising Technology & Data: finleap (e.g. solarisBank, Clark), Heartbeat Labs (e.g. Fernarzt, HY STUDIO), and the advertising vertical (e.g. PubNative, AppLift, zeotap). The group’s overall portfolio includes 26 companies and about 1,200 employees, that are spread across three continents with offices in San Francisco, Shanghai, Bangalore, and Seoul. HitFox was founded by Jan Beckers, Tim Koschella, Hendrik Krawinkel, and Hanno Fichtner and is focussed on building digital platforms in challenging growth markets.