Insha takes the crown at AltFi Berlin Pitch Off

By Oliver Smith on 21st November 2019

Challenger Banks

Six of the hottest German fintech startups took part in AltFi’s Berlin Pitch Off Competition this week.

Insha takes the crown at AltFi Berlin Pitch Off
Image source: Photography: Ana Torres / Anatorresphotography.com

German challenger bank Insha took the top prize at AltFi’s Berlin Summit this week, after winning the event’s fintech Pitch Off Competition on Monday.

Six of the capital’s hottest young fintech startups took part in the competition, vying for the audience's votes.

Insha’s Growth and Partnership Lead Mehmet Burak Dikmen told attendees how the bank, built with the support of Istanbul’s Albaraka Türk Participation Bank, was developing a “moral” current account also designed to serve the Islamic banking market.

“It was a great experience to pitch at the AltFi Berlin Summit,” said Mehmet Burak Dikmen, Insha’s Growth and Partnership Lead.

“It was amazing to compete with those other competitors. We have already talked with some of them and trying to cooperate with some of them.”

Insha launched last month and is being developed by a 20-person team with the help of solarisBank’s technology.

Of the five other startups in the running was Mayur Singh, CEO and Co-Founder of Mattrvest, a startup focused on connecting digital-savvy investors with sustainable finance options, who came in second place with just a per cent fewer votes.

Also pitching was Leitha Matz, COO and Co-Founder of AI-driven account aggregator Zuper, Alexander Molé, Head of Strategic Partnerships at investing and fundraising platform Neufund, Nikolaus Hilgenfeldt, Managing Director and Co-Founder of working capital provider Myos, and Nikolai Skatchkov, CEO and Co-Founder of travel expenses platform Circula.

Sifted’s Fintech Reporter Isabel Woodford kindly moderated the competition.

Read more: Insha launches digital Islamic challenger bank in Germany