European FinTech builder finleap has raised €41.5m through an investment round led by Chinese financial services firm Ping An’s Global Voyager Fund.
Berlin-headquartered finleap was launched four years ago to focus on building tech companies working in the banking, insurance and asset management industries.
The business has already developed 16 ventures including banking platform solarisBank, digital insurer Element, data-based receivables management provider PAIR Finance and contextual finance fintech platforms finreach solutions and infinitec solutions.
The finleap Group employs more than 700 people from over 60 countries.
Ping An joins a list of quality strategic investors in finleap, including Hannover Re, SIGNAL IDUNA, NIBC, MS&AD Ventures and SBI.
Company founder and CEO Ramin Niroumand said, “Since our launch four years ago, we have been transforming the financial industry in Europe with our unique ecosystem of technology companies, digital offerings and partners.
“We are delighted to welcome Ping An to finleap and are enthusiastic about our potential to work together to accelerate the digital transformation of Europe‘s financial services landscape.
“While we have accomplished a lot so far, we still have a lot to learn from Ping An, a global market leader whose DNA is 100 percent digital and at the forefront of innovation.”
Jonathan Larsen, Ping An Group CIO, added, “We have been impressed by the breadth and depth of finleap‘s capabilities in the European fintech space.
“By providing a significant financial commitment to finleap, Ping An expects that finleap will be able to build meaningfully on its many existing accomplishments and play an even more prominent role in the disruption of traditional financial services models across Europe.”
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