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In the dynamic world of fintech, Germany saw a series of significant events unfold in 2024. A total of 41 funding rounds were recorded, with an average funding round volume of 4 million USD, according to recent data.

The trading, investing, and krypto sector witnessed six fintechs raising a combined total of 32.6 million Euros. Despite this, the first half of the year saw a decline in funding due to high interest rates and geopolitical uncertainty.

In contrast, the credit sector experienced a surge, with five funding rounds totalling 219.6 million Euros. One of the largest funding rounds was secured by Solaris, who received 96 million Euros and a 100 million Euro financial guarantee in March.

The payment sector also saw substantial investments, with nine fintechs receiving over 1.7 billion Euros. The largest funding round of the year went to SumUp, who raised 1.5 billion Euros in May, marking the sector's mega-round.

The API-banking sector followed closely, with Pliant and Solaris raising a total of 347 million Euros in three rounds. Pliant, in particular, secured funding twice in 2024, with a total of 151 million Euros raised.

However, not all news was positive. Two fintechs, Fastbill and Ride Capital, were bought back by their founders, while Jitpay faced insolvency when Volksbank Brawo acquired 100% of its shares. Last year, eight insolvencies were recorded, including ExpressSteuer, Dock Financial, Mobyfin, Clink, Brygge, Oneclimate, Enfore, and Creditshelf, which was sold to Swiss competitor Teylor in April, making Teylor the market leader for SME loans.

Interestingly, Pile Capital was sold to Vivid just two years after its founding. It's worth noting that there is no specific public information about German fintech companies in 2024 with unknown investment volumes; available sources discuss market trends, major players, and overall financials but do not list such companies with undisclosed investment volumes.

The global fintech investments decreased to 33.7 billion Euros in 2024, according to a CB Insights study. Despite this, April 2024 saw the most funding rounds, with nine fintechs receiving money from investors. Iwoca, for example, raised 175 million Euros in 2024, with funds coming from Citibank and Insight Investments.

In summary, while 2024 presented challenges for the fintech sector in Germany, it also saw significant investments and strategic acquisitions. As we move forward, it will be interesting to see how these developments shape the future of the fintech landscape.