About This Book	5
	Contents	7
	About the Authors	9
	List of Figures	11
	List of Tables	13
	Chapter 1: Introduction	14
	Chapter 2: Definition of FinTech and Description of the FinTech Industry	17
	2.1 Definition of FinTech	17
	2.2 Segments of the FinTech Industry	18
	Chapter 3: Methodology	23
	Chapter 4: The FinTech Market in Germany	25
	4.1 Current Market Environment	25
	4.2 General Market Trends	27
	4.3 Crowdfunding	30
	4.4 Donation and Reward-Based Crowdfunding	31
	4.5 Crowdinvesting	34
	4.6 Crowdlending	40
	4.7 Credit and Factoring	43
	4.8 Social Trading	44
	4.9 Robo-Advice	47
	4.10 Personal Financial Management	49
	4.11 Investment and Banking	50
	4.12 Payments	52
	4.13 Insurance	54
	4.14 Global Player	56
	4.15 FinTech Activities of German Banks	57
	Chapter 5: International Position of the German FinTech Market	59
	5.1 Donation and Reward-Based Crowdfunding	60
	5.2 Crowdinvesting	62
	5.3 Crowdlending	63
	5.4 Robo-Advice	64
	5.5 Alternative Payment Methods	65
	Chapter 6: Forecasts for the FinTech Market in Germany	67
	6.1 Methodology	67
	6.2 Potential Addressable Markets	68
	6.2.1 Donation and Reward-Based Crowdfunding	68
	6.2.2 Crowdinvesting	70
	6.2.3 Crowdlending and Other Types of Credit	71
	6.2.4 Factoring	72
	6.2.5 Social Trading, Robo-Advice, and Investment and Banking	72
	6.2.6 Personal Financial Management	73
	6.2.7 Payments	73
	6.2.8 Statistical Adjustments	74
	6.3 Potential Market Penetration of FinTech Businesses	75
	6.4 Forecast	76
	6.4.1 Donation and Reward-Based Crowdfunding	78
	6.4.2 Crowdinvesting	79
	6.4.3 Crowdlending and Other Loans	82
	6.4.4 Factoring	86
	6.4.5 Social Trading, Robo-Advice, and Investment and Banking	88
	6.4.6 Personal Financial Management	91
	6.4.7 Payments	92
	Chapter 7: Academic Research	96
	7.1 Donation and Reward-Based Crowdfunding	96
	7.2 Crowdinvesting	98
	7.3 Crowdlending	102
	7.4 Social Trading	106
	Chapter 8: Summary	108
	Appendix: List of FinTechs	111
	References	122
	Data Sources	129