HitFox-backed FinTech builder FinLeap scores €21m financing round

German fintech company-builder FinLeap has picked up a €21m financing round from backers including HitFox, which launched the company back in December 2014.

Hannover Re and other unnamed institutional investors from the insurance industry also took part in the round, FinLeap said.

The funding comes three months after FinLeap launched solarisBank, a tech banking platform aimed at helping other digital startups solve their financial needs.

Other FinLeap businesses include investment product marketplace Savedo, asset-based lending business Valendo and automated account-switching software company FinReach.

FinLeap co-founder and CEO Ramin Niroumand said FinLeap had built nine new companies in the past 20 months, typically investing between €500,000 and €5m per deal, adding that he expected the first companies to become profitable this year.

HitFox, which began as a game distribution platform in 2011, has grown to become a startup incubator and company builder.

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