Speculation over a potential exodus from Europe’s Fintech capital remains rife. “But the reality is, it and the likes of Paris and Frankfurt, while bonafide financial centers in their own right, simply don’t yet have the offer to truly compete,” she added. Weighing up the alternatives, while Frankfurt could be considered the Canary Wharf of Europe, “Berlin is a hub of tech and engineering talent,” he said. “But for an early stage fintech company, it’s a big deal,” she said. And as founder and angel investor Volker Hirsch suggests, young startups may follow the rationale: “If we move now, it’s easy and cheap.

Source: Daily News Egypt April 01, 2017 12:11 UTC