finleap, a Berlin, Germany-based fintech company builder, raised €41.5m in funding.
The round was led by Ping An Global Voyager Fund, the corporate vc arm of Ping An, the world‘s largest insurance company by market capitalization.
Ping An joined Hannover Re, Signal Iduna, NIBC, MS&AD Ventures and SBI.
Upon the completion of the round, Donald Lacey, Managing Director and Chief Operating Officer of Ping An Global Voyager, will assume the role of Chairman of finleap‘s advisory board.
The company intends to use the funds for the development of new technologies and companies, for further geographic expansion, for investment in its fintech platforms, finreach solutions and infinitec solutions.
Founded in 2014 by HitFox Group and Ramin Niroumand, CEO, finleap has already developed 16 ventures, including companies such as:
– solarisBank, a banking platform with a full banking license,
– Element, a fully digital insurer,
– PAIR Finance, a provider of data-based receivables management, and
– the fintech platforms finreach solutions and infinitec solutions for contextual finance.
finleap, which also has an office in Milan, provides access to seed capital, a network of investors and experienced entrepreneurs as well as customers and top talents.
The group employs more than 700 people from over 60 countries.