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Crypto start-ups win at Fintech Germany Awards

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Crypto start-ups win at Fintech Germany Awards

This year’s Fintech Germany Awards were mainly dominated by blockchain and crypto start-ups. Here are the winners.

The Fintech Germany Awards (FTGA) are to aspiring German financial companies what the Oscars are to the drama guild. Mainly blockchain and crypto start-ups scored points at this year’s award ceremony . A total of four of the eight winners came from the blockchain and co. Area. Prizes were given in five categories (Seed, Early, Late, Growth Stage and an award for the best foreign start-up) and three special categories. A renowned jury has been awarding the prizes since 2016. Michael Mellinghoff, Managing Director at TechFluence and co-chair of the FTGA jury.

Furthermore, the Frankfurt fintech Cashlink made the race in the “Early Stage” category. The company mainly focuses on the tokenization of securities. At the end of August, the company also hit the headlines when an application was submitted to BaFin to keep a provisional crypto securities register. They want to submit a full application by the end of the year. It is not the first time that Cashlink has won the prestigious award. Last year it received the award in the special category “Blockchain”.

Crypto fintechs are taking off

Scheungraber also sees the fact that “a particularly large number of blockchain start-ups” scored points in their category this year as a positive development – also with regard to a DLT-based capital market.

As the last winner of the fixed categories, the crypto fintech Nuri was able to secure the Fintech Germany Award in the “Late Stage” category. Users can invest in cryptocurrencies and savings plans via their own smartphone app. The business concept is well received by both customers and investors. After the rebranding in May of this year, the Berlin start-up currently has over 250,000 users, according to the company. In addition, Nuri made headlines at the end of June when it was able to raise 9 million euros in a financing round.

Munich -based fintech Tangany completes the group of blockchain-based winners in the special categories . The Munich wallet service provider won the “Investment Technology” category. Like Cashlink, Tangany was thus able to win the prestigious award for the second time in a row. Last year it received the award in the “Seed Stage” category.

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