The German FinTech Market in 2020

Four years ago, data on the market volumes of German FinTech companies for the period 2007–2015 were collected for the first time on behalf of the German Federal Ministry of Finance and a forecast for the future market development was prepared. Gregor Dorfleitner, of the University of Regensburg, Lars Hornuf, of the University of Bremen, and Lena Wannenmacher extend the market volume dataset to 2019 and check the original forecasts for their predictive value. Compared to the original forecasts, individual subsegments have clearly exceeded the forecast of the realistic scenario (crowdlending, robo-advice, investment, and banking), while other subsegments have so far fallen short of expectations (donation- and performance-based crowdfunding, crowd investing, factoring).