HitFox Group, the German company builder, announced today the start of what it refers to as the world’s first independent international FinTech company builder, FinLeap, with offices in Berlin and San Francisco.
At FinLeap, entrepreneurs, finance experts and technology experts will use new technologies and scalable business models to provide cheaper, simpler and more transparent digital services to businesses and consumers. Within the next 12 months, FinLeap expects to hire more than 150 professionals for the company builder and its subsidiaries.
“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,” says Co-Founder and Partner at FinLeap, Jan Beckers.
FinLeap says it will spin off four-to-six autonomous companies per year. The resulting cluster will be highly synergetic, according to the group, and will allow FinLeap to impact the financial sector directly and from multiple angles simultaneously – a model which HitFox Group has employed since its foundation in 2011.
ATFX Institutional Business Continues to Expand: Adding a New Prime BrokerGo to article >>
The group developed from a single startup to a multinational company builder with numerous ventures in the fields of AdTech and BigData. It currently has more than 300 employees on three continents.
FinLeap is lead by HitFox founders Jan Beckers, Dr. Hanno Fichtner and FinTech veteran Jochen Siegert. Siegert helped build payment giant PayPal in Europe as its EMEA strategy director.
At launch, thirty 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 already working on FinLeap’s first companies.
“Being successful in FinTech for us primarily means being a lot closer to the customer. New technologies allow us to move much closer to the customer and erase information imbalances, while also decreasing current transaction costs to a minimum with automated processes. In this pursuit, we are developing new solutions entirely in-house or partnering with banks and financial service providers,” says Jochen Siegert, partner of FinLeap.