Global real estate lender Aareal Bank Group has inked a partnership deal with Plug and Play, the world's largest start up platform, to expand its activities in the start-up realm.
The group has become a founding corporate partner of the recently launched Fintech Europe platform, established in Frankfurt by Plug and Play together with the Frankfurt-based start-up accelerator TechQuartier.
'As a group, we are already successfully collaborating with various start-ups, accelerator platforms and networks. By partnering with Plug and Play, we continue to expand our digitalisation activities as well as our access to an attractive start up ecosystem,' said Henning Zander, who heads Aareal Bank AG's Group-wide start up team.
As a partner of the Fintech Europe innovation platform, Aareal Bank will be collaborating with a range of start-ups focusing on financial technology, and said it hoped to develop new mechanisms directly relevant to the bank's clients.
'We are excited to have the opportunity to work with Aareal Bank as one of our first partners for our FinTech Europe program in Frankfurt. We are looking forward to having them engage with startups in our ecosystem and to also be a strategic partner with their innovation agenda,' concluded Omeed Mehrinfar, managing director EMEA at Plug and Play.