Annabelle Seibt

CODE_n CONTEST // Meet the FinTechs: Controlling sustainably improved

All good things go by thirteen! With the interview with our CODE_n finalist Valsight, we enter the last round of our FinTech Blog series. Valsight deals with the integration of value driver trees and advanced analytics into the controlling processes of planning, reporting and forecasting. How that works? Managing Director Khai Tran gives the answer!

What is Valsight all about? How did you come up with the idea?

valsight_logoKhai: Valsight is a SaaS solution for enterprise performance management and financial modeling based on value driver trees. The core of our software is a visual modeling editor with a powerful simulation engine that can be used to create financial models, for simulation-based planning and forecasting with predictive analytics. It makes financial controlling more focused and goal-driven by making processes more transparent, flexible and efficient. Our software is especially designed for the needs of management and financial analysts. No programming skills are needed to build financial models or to simulate different scenarios.

Our founding team came up with the idea for Valsight during many years of research with in-memory technology at the Hasso-Plattner-Institut in Potsdam. The growing importance of simulation and predictive methods in financial management combined with the maturity of in-memory technology for ultra-fast calculations was the ideal starting point. We have tested our approach early on with a Fortune 500 company, and have since then focused on building state-of-the-art SaaS software to dramatically improve corporate controlling and financial modeling.

“Digital Disruption“ – that’s the motto of this year’s CODE_n CONTEST. What makes your solution innovative, what makes it disruptive?

Khai: The idea of Valsight is to improve traditional controlling and financial modeling processes with methods like simulation and advanced analytics. Our focus is to empower business users to create complex and multidimensional models themselves and to benefit from statistical and predictive features. The core challenge is to keep a strong focus on the needs of the finance community in order to make even complicated functions easy and intuitive to use. More…

Jürgen Görner

GFT at the CODE_n new.New Festival

Only 4 days left until the ZKM opens its doors for the CODE_n new.New Festival! Under the motto “Unveiling Digital Disruption” the city of Karlsruhe will become the hotspot for digital pioneers and innovative thinkers. From Septembeer 20-22, CODE_n will cross-link the digital world with the fields of economy, science and technology. GFT will power the cluster of Applied FinTech startups.

At the festival, visitors can expect an extensive and innovative conference programme, renowned highlight speakers, lectures and workshops, innovative areas with the TOP 52 startups from the CODE_n CONTEST plus festival partners as well as an inspiring evening program and the award ceremony for the CODE_n Award during the evening of 21st of September. From Israel to Germany and over to the U.S., young businesses represent an exciting spectrum of digital solutions in this year’s four clusters Applied FinTech – powered by GFT, Connected Mobility – powered by Hwelett Packard Enterprise, Photonics 4.0 – powered by TRUMPF and HealthTech.


Annabelle Seibt

CODE_n CONTEST // Meet the FinTechs: All about the Bitcoins

You don’t always hear good things about Bitcoins these days; and the one or other negative headline can be read in the media. But there are always two sides of the same coin. Our Applied FinTech finalist Bit2Me says about their business model: “Buying and selling Bitcoins was never that easy.” In our interview, CEO Leif Ferreira tells us how exactly his startup does that and does away with prejudices.

What is Bit2Me all about? How did you come up with the idea?

bit2me_logoLeif: Bit2Me is a company based in Spain. The company was founded in 2015 and is focused on Blockchain technology. We have two of the best Blockchain programmers of Europe, who have won the Visa Fintech Americas world championship in October 2015. Also one of the largest banks in the world, CaixaBank has awarded us as the best 2015 startup in Spain. One year ago, our internal question was, can we do banking with locals, rather than traditional banks? Can a bank be a tool and not a service? There are countries where it’s more expensive to maintain a bank account yearly than a smartphone with internet. So in this line we detected how to do banking without banks, without middlemen companies with the user in the centre. We call this the natural evolution of banking. It’s a different perspective of design.

“Digital Disruption“ – that’s the motto of this year’s CODE_n CONTEST. What makes your solution innovative, what makes it disruptive?

Leif: Hive is a mobile application that provides a disruptive way to decentralize the financial market. It builds a social and open banking ecosystem that never touches people’s money. It allows them to organize themselves in order to create a peer to peer financial human network. More…

Filiz Sarah Gärtner

CODE_n CONTEST // Meet the FinTechs: the easy way to your insurance with Community Life


Not a lot of people like to deal with insurance issues. A fact, of which the team of Community Life was aware of, too. Reason enough for the Frankfurt based FinTech to design really easy to understand key protection products that people can get completely online. Founder Claudia Lang (Phd) told us more about the idea behind Community Life.

Claudia, what is Community Life GmbH all about? How did you come up with the idea?

Claudia: I was on the board of a life insurance company, so know the industry from the inside. What I saw more and more was that people are not happy with insurance companies. They know that the right insurance protection can be important, but they would prefer going to the dentist to filling out an insurance application. They think: “I can’t understand it, so I can’t trust it, all that paper stuff and then the insurance salesman monopolising my couch.” So we decided to tackle all of that and make it better. That is why we designed really easy to understand key protection products that people can get completely online. Customers have a secure portal on which they can change information about their policies and see their entire transaction history, including phone calls and chats. And we disclose how we earn our money because openness is an important part of trust. More…

Annabelle Seibt

CODE_n CONTEST // Meet the FinTechs: VAT refund without queuing

VAT refund for purchases made in the EU – in a simple mobile and online way. What sounds too easy to be true, is what the solution of our next CODE_n Finalist Bank4you / TaxFree4U offers. Co-founder Dan Chernavski told us more about his startup and “banking without borders”.

What is Bank4you / TaxFree4U all about? How did you come up with the idea?

bank4you_logoDan: TaxFree4U is the VAT Refund for purchases made in the top shopping destinations in the EU (United Kingdom, France, Germany, Italy, Spain). The idea to create it occurred to me, when after my European travels and shopping I decided to get a VAT refund through one of the existing Refund operators. Just for the record, I didn’t manage to get it, because my declaration was incorrectly completed. Just imagine how angry I was having wasted more than 4 hours waiting, filling in forms etc. for nothing!

Today the world is going online and uses mobile technologies in daily life to save time. Therefore, I decided to develop a mobile VAT refund service – TaxFree4U – that allows you to solve 2 major issues: correctness of completing forms and saving time.

“Digital Disruption“ – that’s the motto of this year’s CODE_n CONTEST. What makes your solution innovative, what makes it disruptive?

Dan: These days whole world lives in a rush and mobility is our main advantage. Applications and online services are in trend at the present day market, and it is because of their flexibility and possibility to save time for the client. TaxFree4U is the VAT refund service that suggests the minimal involment of the customer into any paperwork, and saves him/her from waiting in queues while getting the refund. More…