Fintech infrastructure providers in Germany

21X AG (DE) - operator of a regulated on-chain exchange & settlement system for tokenized securities. BaFin-authorised under the EU DLT Pilot Regime (DLT-TSS, 2025) - not MiCA (financial instruments). Sovereignty-relevant tokenized-markets infra.

Aevi (Germany) - independent in-person (POS) payment orchestration: routing, app management and data across the in-store payments value chain.

AirPlus International (Neu-Isenburg, Germany) - B2B corporate travel payments: central lodged cards, corporate credit cards and virtual cards with accounting and analysis for business travel programmes. Sold by Lufthansa Group to SEB Kort (SEB Group, Sweden) for approx. EUR 450m, closed 31 Jul 2024 - ownership flag (EU). EEA payment entity in Belgium (PI).

aixigo (Aachen, Germany; since 1999) - API-based wealth-management software platform (advisory, portfolio management, analytics) for banks/wealth managers (BNP Paribas, Commerzbank). Software vendor (no own FI licence). Acquired by Amundi (FR, 2024, EUR 149m).

AllUnity (DE) - JV of DWS, Flow Traders and Galaxy Digital (Deutsche Bank group). Issues EURAU, Germanys first regulated euro stablecoin. EMI authorised by BaFin (2025).

Banxware (Berlin, Germany) - embedded-lending orchestrator for B2B platforms (loans EUR 1k-250k), with licensing and compliance via bank partners (e.g. HypoVereinsbank/UniCredit).

Billie (Berlin, Germany) - B2B BNPL: embedded payment terms for B2B marketplaces (Metro, Mercateo). NB: 2025 BaFin guidance requires B2B BNPL to hold a KWG credit-institution licence or partner with a licensed bank.

Billwerk+ (Frankfurt, Germany + Copenhagen, Denmark) - European subscription management and recurring billing (merger of Billwerk, Reepay and Sofacto under PSG Equity), GDPR/GoBD-compliant. European SaaS (unlicensed software). Rebranded Frisbii (frisbii.com).

Boerse Stuttgart Digital Custody GmbH - BaFin MiCA CASP (custody + transfers). White-label crypto infrastructure for banks (e.g. DZ Bank).

Cashlink (Germany) - tokenized-securities infrastructure: issuance, smart-contract registry (eWpG) and digital-asset custody. BaFin crypto securities registrar + qualified crypto custodian (KWG).

Circula (Berlin, Germany; founded 2017) - AI expense management with a digital Visa corporate card; 2,800+ customers (Aston Martin, DATEV) and 150k+ employees. Series A extension EUR 15m (2025). SaaS.

Cleverbridge (Cologne, Germany) - global merchant of record and subscription commerce for B2C and B2B software: payments, global tax/VAT compliance, renewals and revenue optimisation.

Computop (Germany) - leading German e-commerce gateway (~38% share), acquired by Nexi. Wero acquirer.

D-Trust (Berlin, Germany) - eIDAS Qualified Trust Service Provider of the Bundesdruckerei Group (owned by the German federal government), QTSP since Apr 2016: QES, qualified seals (QSeal) and website certificates (QWAC), card and remote (sign-me) signing. Listed at the Bundesnetzagentur / EU Trusted List. State-owned - a strong sovereignty signal.

finAPI (Germany) - open banking AIS/PIS and PSD2 licence-as-a-service. BaFin-licensed; majority owned by SCHUFA.

finmid (Berlin, Germany) - B2B embedded lending handling underwriting, licensing and collections for platforms across 30+ EU countries.

GFT Technologies (Stuttgart, Germany; founded 1987) - banking-born engineering and consulting partner (~11,000 staff): core-banking modernisation, cloud migration, digital platforms and regtech implementations for banks and fintechs. Services axis - unregulated technology partner.

Giesecke+Devrient (Germany) - cards and digital payment security, including the Convego CloudPay HCE wallet.

girocard (Germany) - Germany's domestic debit scheme, managed by Deutsche Kreditwirtschaft (GBIC) with scheme manager EURO Kartensysteme GmbH (Frankfurt); 100m+ active cards, ~1.3m POS. Mostly co-badged with Visa/MC. European card scheme.

Hauck Aufhäuser Digital Custody GmbH (DE) - crypto custody arm of private bank Hauck Aufhäuser Lampe (ABN AMRO group). BaFin MiCA CASP (custody + transfers). Site now under Bethmann HAL (bethmann-hal.de).

Hawk AI (Munich, Germany; founded 2018) - explainable-AI AML and fraud detection (AI plus rules) for banks, PSPs and fintechs. Series C USD 56m (Apr 2025). German RegTech software vendor.

Hetzner (Gunzenhausen, Germany) - German cloud and dedicated-server provider with data centres in Germany and Finland; family-owned, EU-native, price-performance leader.

IDnow (Germany) - identity verification software (KYC/KYB/AML), eIDAS/AMLD-aligned, 3,000+ document types. German RegTech.

INZMO (Berlin, Germany; Estonian founders, started in Tallinn 2015) - digital embedded insurance focused on renters, electronics and home-contents cover with fully digital claims. HQ decides origin (rule 8a); Estonian heritage noted.

IONOS (Germany) - German cloud platform (virtual servers, VPC, managed databases, object storage) with an enterprise-oriented model; EU-native jurisdiction.

lemon.markets (Berlin, Germany) - API-first brokerage-as-a-service for stocks/ETFs (contract broking, portfolio mgmt, proprietary trading, custody). BaFin investment-firm licence (Jan 2024). Acquired by DWP Bank (Sept 2025); operates independently.

Mambu (Germany-founded; HQ Amsterdam) - composable core banking SaaS that needs a licensed partner; $446m raised, acquired Numeral (Dec 2024). Unlicensed technology.

Mondu (Berlin, Germany; founded 2021) - pan-European B2B BNPL and payment terms; EUR 100m credit line from J.P. Morgan Payments (Dec 2025) plus the J.P.M. Partner Network.

Moss (Germany) - corporate cards and spend management; cards issued via Transact Payments Malta and a German partner bank, with Deutsche Bank and Airwallex partnerships. Uses partner rails.

Nitrobox (Hamburg, Germany; rebranding to instellix) - monetization and billing platform for hybrid models (recurring + usage-based + one-off), built and hosted in Germany for EU compliance. German SaaS (unlicensed software).

Open Telekom Cloud (T-Systems / Deutsche Telekom, Germany) - enterprise public cloud operated from German data centres under EU jurisdiction; a sovereign-cloud staple for regulated workloads.

🏦 Local IBANs: DE

PayCenter (Freising, Germany; since 2012) - current accounts with German IBANs and prepaid Mastercard cards for individuals and 8,000+ business customers; the first German EMI with its own BaFin BIC/sort code.

PAYONE (Germany) - a Worldline + DSV (Sparkassen) joint venture; leading DE/AT acquirer and licensed PSP with 5.4bn+ transactions/yr and 277k+ customers; Wero acquirer (EPI member). NB: 2025 supervisory actions over internal controls.

Payrails (Berlin, Germany; founded 2021 by ex-Delivery Hero) - modular payment orchestration / operating system: routing across providers, tokenization, chargebacks, reconciliation.

Pliant (Germany) - corporate credit cards as a service, issued on its own regulatory setup. EMI and Visa Principal Member (EU).

Qwist (ex-NDGIT, Munich, Germany; founded 2016; acquired by Crastorehill Nov 2023) - open-banking / open-finance API platform used by 30+ banks and corporates; built Switzerland's first open-banking system (2017).

Regnology (Frankfurt, Germany; ex-BearingPoint RegTech) - global leader in regulatory reporting and supervisory technology (2,000+ staff across 30 countries): platforms for CoRep/FinRep/AnaCredit and granular data reporting, plus the cloud-native RRH Ascend. Acquired Wolters Kluwer's Finance, Risk & Regulatory Reporting business incl. OneSumX (closed Dec 2025).

Riverty (ex-Arvato Financial Solutions, rebranded 2022; Baden-Baden, Germany) - the fintech arm of Bertelsmann: AfterPay-brand BNPL, e-invoicing and direct debit; 28m+ consumers, 80m+ transactions a month.

Rubean (Munich, Germany; listed) - software-only POS (SoftPOS) for banks, acquirers and merchants: PhonePOS with PCI MPoC-certified software deployed across Europe and Latin America since 2020; SoftPOS partner of CCV.

SCHUFA (Wiesbaden, Germany; founded 1927) - Germany's dominant credit bureau and the oldest in Europe: consumer and business credit scores underpinning most German lending decisions. Deliberately domestic (single-market) focus.

SEEBURGER (Bretten, Germany; founded 1986) - B2B/EDI integration platform with e-invoicing and e-reporting for the EU mandates; German-HQ, privately held.

🏦 Local IBANs: DE

Solaris (Germany) - BaaS, card issuing and BIN sponsorship on a German banking licence. Credit institution, BaFin. Acquired Contis (2021). NB: heightened BaFin supervision (onboarding restrictions, fines 2024-2025).

StackIT (Germany; the cloud brand of Schwarz Digits, backed by the Schwarz Group - Europe's largest retailer) - German business cloud built for sovereignty-sensitive enterprise workloads.

SumUp (German roots; + UK) - SME acquiring and cards. EMI Bank of Lithuania (SumUp EU Payments UAB, LB001900) + UK entity.

Talon.One (Berlin, Germany; founded 2015) - enterprise incentives engine unifying promotions, loyalty, coupons, referrals and gamification through one API; clients incl. H&M, Adidas, Sephora, Ticketmaster. Raised EUR 114M / USD 135M growth round (Jul 2025; Silversmith Capital Partners, Meritech Capital, CRV); independent. Unlicensed software.

Tangany GmbH (Munich) - crypto custody & wallet infrastructure-as-a-service. BaFin MiCA CASP (custody + transfers).

TIS - Treasury Intelligence Solutions (Walldorf, Germany) - enterprise payments and bank-connectivity platform (not a classic TMS), processing ~USD 2.7tn annually across 140+ countries. German SaaS (unlicensed software).

Unzer (Germany) - PSP and Wero acquirer. BaFin-licensed FI (DE + CSSF Luxembourg + Denmark FSA). NB: BaFin onboarding ban (2022) lifted Oct 2024.

Upvest (Berlin, Germany) - investment / securities API (brokerage-as-a-service): stocks, ETFs, crypto, custody. Full BaFin securities + crypto brokerage and custody licences (2022) + UK FCA (2024). Clients incl. N26.

Varengold Bank (Hamburg, Germany; full banking licence, BaFin 109520, since 2013) - fronting/BaaS and international payment services for fintechs (German IBANs). NB: BaFin AML enforcement - EUR 3.3m fine (Aug 2025) and a 2023 Iran-related transaction prohibition - a status/risk flag. Rebranded to Ascory Bank (2026; Hamburg + Sofia), positioning as financing partner for start-ups/scale-ups; 2025 EBT ~EUR 2.0m. 2025-2026: renamed Ascory Bank and repositioned as a specialist bank for structured financing (start-up/scale-up lending in fintech, energy transition, leveraged finance) - the fintech banking-services/IBAN offering is no longer marketed.

Verimi (Berlin, Germany) - reusable digital-ID wallet + Wallet-as-a-Service, ident, qualified e-signature. eIDAS substantial/high certified; approved by BMI / BaFin / gematik. Bank-backed German identity scheme.

BitGo Europe GmbH - BaFin MiCA CASP (custody, exchange, execution, transfers). US parent BitGo = CLOUD Act exposure; EEA rail via DE entity.

Mbanq (Germany + US) - embedded-finance and cards platform on a software / partner model; not a licence holder itself.

Element Insurance AG (Berlin, Germany) - white-label insurtech carrier (BaFin-licensed) that powered embedded-insurance programmes. Insolvent: BaFin filed for insolvency after the company's Dec 2024 over-indebtedness notice; final insolvency proceedings opened 1 Mar 2025 (approx. 400,000 policyholders affected; reinsurer Hannover Rueck had declined to renew). Proof-of-value: carrier due diligence matters in embedded insurance.

Wirecard (Germany) - former DAX-30 payments and issuing group. NB: DEFUNCT - filed for insolvency 25 Jun 2020 after EUR 1.9bn was declared 'missing' (balance-sheet fraud; CEO arrested), triggering BaFin reform (FISG 2021). Kept as a proof-of-value entry for why licence and risk transparency matter.