Last Tuesday, I attended the Execfintech conference for the first time, the „school reunion“ of the European fintech and insurtech community as they say. About 600 attendees gathered at the Goethe University Frankfurt for a whole day of valuable insights, interesting discussions and networking. A lot of startups were present to show what they’ve been working on but also many corporate representatives and investors on the search for the next big thing.
The team behind Execfintech organized this specialized event for the third time already. The atmosphere was relaxed and casual as only first names were allowed (one of the four house rules). The discussions were super enthusiastic and focused on the future of fintech and its huge potential. The overall tenor was that there are still many unexplored opportunities in the finance and insurance sector. Europe is ready to disrupt these industries. Especially opportunities in insurtech are far from being exploited and startups can leave a mark by bringing insurance services successfully into the digital world.
During the afternoon, I moderated the product demos of some truly promising startups. Especially Avuba got my attention as the team is coming back with a whole new banking app after they shut down their previous product in autumn 2015. Also, Neon Trading will organize the first trading competition in Germany starting in April. Super cool!
The day concluded with the finals of the pitch competition which French startup Streamdata won. The team of Scalable Capital (Germany) took home the 2nd place and KASKO (Germany) the 3rd. Ramin Nikbin, chief organizer of the event, also revealed the teaser for the tech.eu fintech report 2015 which shows that the UK and Germany are leading the way in terms of investments and amount of capital raised by fintech startups in the past year.
Thanks again to the Execfintech crew as they organized such a great event! I met a lot of new people and had some great discussions. We’re glad to have them on board as network partner for our FinTech Accelerator program starting in Stuttgart in May 2016.