Hamburg's Participayed wins Startup-Champs 2024

26 April 2024
Fintech prevails over start-ups from Berlin, Cologne, Munich and Hamburg

The Hamburg-based fintech, Participayed, has won the Startup-Champs 2024 to become the  “payment software developer” at the Fintech Festival in Berlin (April 24-25). The competition is the result of closer co-operation between Berlin, Hamburg, Cologne and Munich to boost the start-up scene, which was agreed in 2020. The collaboration has since reached a new level as part of an agreement in 2023.

Start-up champions in 2024

Three companies represented each of the four cities in the finals. The Hamburg-based Finstep, and the overall winner, Participayed, had pitched to a jury of experts. The Berlin-based B2B financial services provider, Tilta, the Cologne-based pension fintech Xaver and Sub Capitals, a service provider of AI-based investments in Munich, emerged as regional winners. Now, all four start-ups have qualified for the international Slush start-up contest to be held in Helsinki from November 20-21, 2024. Participayed also won the regional prize presented by the Hamburger Sparkasse as well as an invitation to the Hamburg Founder’s Prize gala.

Cities advancing start-up ecosystem 

Fledgling companies with a total investment volume of EUR  8 billion and around 9,000 start-ups are now among key economic factors in the four major German hotspots according to the Dealroom data base. The Startup Champs award boosts their networking opportunities and raises the visibility of up-and-coming startups. Initiated by Berlin Partner, Köln Business, Hamburg Invest and Munich Startup/Werk1, the competition was held for the fifth time this year. 


Sources and further information

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