About FinTecSystems
FinTecSystems is a company based in Munchen (Germany) founded in 2014 by Stefan Krautkrämer was acquired by Tink in May 2021. FinTecSystems has raised $5.33 million across 3 funding rounds from investors including Tink, Reimann Investors and Little Rock VC. The company has 35 employees. FinTecSystems operates in a competitive market with competitors including MX, Plaid, Belvo, Rutter and Finicity, among others.
- Headquarter Munchen, Germany
- Employees 35
- Founders Stefan Krautkrämer
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website fintecsystems.com
- Social LinkedIn X Facebook
- Acquired by Tink (May 2021)
- Legal Name Fintecsystems Gmbh
Funding Insights of FinTecSystems
FinTecSystems has successfully raised a total of $5.33M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $5.33 million completed in November 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.33M
- Total Rounds 3
- Last Round Series B — $5.33M
- Investors Count 5
All 3 funding rounds of FinTecSystems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2017 | $5.33M | Series B | – | Reimann Investors | |
| Aug 2016 | – | Series A | – | Little Rock, Ventech China | |
| Nov 2015 | – | Seed | – | Heilemann Ventures, MenschDanke | – |
6 investors in total: 6 institutional.
Investors in FinTecSystems
FinTecSystems has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Tink, Reimann Investors and Little Rock VC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Family office of Reimann family | – | reimann-investors.com | Grunwald, Germany | |
Seed & early stage tech-focused VC firm funding companies in Europe and Asia | – | littlerock.vc | Dusseldorf, Germany | |
Tech-focused venture capital firm funding companies in Europe and China | – | ventechchina.com | Shanghai, China | |
Seed and early-stage funding is provided by Heilemann Ventures to European digital entrepreneurs. | 2011 | heilemann-ventures.com | Berlin, Germany | |
Develops automated solutions for consumer decision support and international reach. | 2008 | menschdanke.de | Berlin, Germany | |
Tink is recognized as a leading European open banking platform. | 2012 | tink.com | Stockholm, Sweden |
Investor details for FinTecSystems
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People of FinTecSystems
1 people are tracked at FinTecSystems (1 in leadership); the tracked headcount is 35.
| Name | Role | Group |
|---|---|---|
Stefan Krautkrämer | Founder & Managing Director | Leadership |
Complete people profiles for FinTecSystems
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Timeline of FinTecSystems
4 dated milestones of FinTecSystems across 7 years, from founding to its latest funding, stage changes and deals.
- Founded FinTecSystems is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $5.3M.
- Exit Acquired by Tink.
Competitors of FinTecSystems
FinTecSystems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MX, Plaid, Belvo, Rutter and Finicity, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mx.com | 2010 | Lehi, United States | $540.87M | 481 | Data-driven analytics and open banking APIs are provided to businesses. | |
| plaid.com | 2012 | San Francisco, United States | $1.32B | 1,439 | Open banking aggregation APIs are provided for individuals and businesses. | |
| belvo.com | 2019 | Sao Paulo, Brazil | $71.28M | 4 | Open banking API solutions are developed for financial data aggregation. | |
| rutter.com | 2019 | San Francisco, United States | $28.5M | – | Finance and accounting management is facilitated via an API platform. | |
| finicity.com | 1999 | Salt Lake, United States | $71.06M | – | Open banking aggregation APIs are offered for financial services. | |
| fidelapi.com | 2013 | London, United Kingdom | $83M | 23 | Open banking APIs for transactional data aggregation | |
| spade.com | 2021 | New York, United States | $21.12M | – | Data APIs for merchants, categories, and locations are provided online. | |
| onebrick.io | 2020 | Jakarta, Indonesia | $8.5M | – | Open finance APIs and payment solutions are provided. | |
| ntropy.com | 2019 | New York, United States | $14.2M | 3 | Financial data is enriched through an accurate API by Ntropy. |
Detailed competitors of FinTecSystems
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Latest news on Fintecsystems
Complete news archive for FinTecSystems
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Similar companies to FinTecSystems
10 companies that operate in the same segment as FinTecSystems (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about FinTecSystems
FinTecSystems was founded in 2014 and raised its 1st funding round 1 year after it was founded.
FinTecSystems is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
FinTecSystems is a funded company, having raised a total of $5.33M across 3 funding rounds to date.
FinTecSystems has 35 employees.
Fintec Systems was established in 2014 and is headquartered in Munich, Germany. Operations focus on the fintech sector, where open banking API solutions are delivered to financial institutions. Access to consumers bank accounts is enabled for retrieving information on balances, transactions, and revenue. Additional services encompass data categorization, transaction analysis, sales data evaluation, and consumer reporting.
FinTecSystems has 6 investors. Key investors include Tink, Reimann Investors, Little Rock VC, Ventech China, and MenschDanke.
FinTecSystems operates through Fintecsystems Gmbh.
Yes. FinTecSystems was acquired by Tink in May 2021.