March 16, 2017

7 new fintech solutions for the age-old problems facing entrepreneurs

Until relatively recently, freelancers, entrepreneurs and small business owners had limited options when it came to managing their finances. Mired in red tape, traditional business banking was often slow, expensive and frustrating. Thankfully, all of is rapidly becoming a thing of the past. The rise of fintech, the buzzy portmanteau of financial technology, is disrupting these archaic models. From paperless budgeting to peer-to-peer lending, this rapidly growing sector is enabling small business owners and freelancers to take control of their finances with bespoke solutions. One successful fintech startup here at betahaus is Holvi.

Funding Circle

Now in its seventh year, Funding Circle offers peer-to-peer loans to entrepreneurs and small businesses, for whom more traditional funding avenues might be off-limits. You can borrow anything between €5,000 and €1,000,000 over a period between 6 months and 5 years, ideal if you need a cash injection to grow your business. Or, if the idea of investing in other startups appeals to you, Funding Circle offers a no-nonsense pathway into peer-to-peer investment. You can choose which kinds of businesses you’d like to invest in, with a minimum investment of just €20. They cite an average return of 6.4% for lenders, although as with all investment this can’t be guaranteed.


If you deal with clients in multiple currencies, and the high fees and poor exchange rates are getting you down, French startup IBANFirst might be for you. It makes use of real time exchange rates in 17 foreign currencies, and has recently expanded to include Banking-as-a-Service, or BaaS. You can open a corporate account in minutes and access leading fintech services and experts, without the enormous costs involved in working with traditional banks. For starters, it’s completely free to open a company account.

Invoice factoring is when a business sells its invoices to a third party (or factor) at a discount, freeing up cash to meet immediate needs. It can be a useful tool in aiding cash flow, but for many small businesses the necessary minimum sales volumes prohibit working with a traditional factor. Cue Founded by one-time employees of Kreditech, aims to bring invoice factoring to the freelancers, entrepreneurs and SMEs that have been neglected in the past. They will deal with invoices starting at just one euro, and cash is released in just 24 hours. Plus, the first invoice is free.


While Excel might have been fine for managing your first employee, if you’re now organising salaries and bonuses for a whole team, maybe it’s time to ditch the spreadsheets in favour of a one-stop HR solution. Personio is a holistic web app that allows you to manage all of your employee’s data, salaries, vacation and even the initial recruitment. It is fully customisable, and its servers are located in Germany for optimum data security. Plans start at €129 per month.


Property investment is a complicated and at times heavily-guarded sector. This means that significant real estate opportunities are usually out of reach for smaller investors and individuals. Enter London-based startup Brickvest, a crowdfunding platform that aims to rid real estate investment of these constraints. Investors can fund projects starting with as little as a €1000, although for now the platform is limited to those with an existing investment portfolio of €500,000. A Brickvest member can sell stakes using the platform at any time, creating what Brickvest hope will be a more transparent, accessible and liquid real estate investment landscape. Fees apply for both investment and exit, but it’s free to browse potential deals.


Insurance can be a murky world, filled with old-guard salespeople who insist on communicating entirely by fax machine. Thankfully, Clark offers a fully digital insurance solution for small businesses and entrepreneurs. Simply create a free online profile, and Clark will match your insurance needs to other brokers in just a few clicks. Their algorithms will even analyse your current insurance situation and automatically propose improvements to your existing insurance deals.

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Well, both. Currently we offer the following two options: shorter publicly available Brand Playlists and long-form private Soundtracks for spaces. For both of them we work closely with the client to understand how sound fits into their brand DNA and what their audience is like.

We believe that the guests’ experience with a particular space doesn’t have to begin and end with their stay. The idea of the Brand Playlist is to be a public brand playlists designed to engage the customers before, during, and after their visit at a space. It’s always accessible for them and serves as a new, dynamic marketing channel.

The Soundtrack is slightly different. It takes sometimes up to weeks of work and is designed by a world-class artist, DJ, or tastemaker. For it we first work with you to develop a deep understanding of your business and style. Then we match you with the perfect artist, DJ, or tastemaker to create unique, always fresh playlists, custom tailored to match your brand. 

In both cases, we update them regularly based on guest habits and clients’ needs. 

People in beta Clay Bassford Bespoke Sound

The way we engage with the music community is something really important for us and honestly, what makes us different than other background music providers. A lot of the background music providers out there have internal teams of maybe five or six DJs that do all of the music for their clients. We aim to connect with the local scene and always work with local DJs. There's some kind of magic in finding the exact right artists for the brand.

And on the flip side of it, when we hire artists, we make sure that the project is also inspiring for them and that they would be interested in participating. We always make sure to pay them well. The whole project creates for them a new income stream that they wouldn't have otherwise.

People in beta Clay Bassford Bespoke Sound

Yes! This was really fun. The objective with the betahaus "betabeer sounds" playlist was to showcase the community side of betahaus. There are so many cool, interesting people in the betahaus community and we thought a playlist could be a perfect way to not only help bring the community together but also show the diverse funkiness of the communities of Berlin and Neukölln, which is why Hazy Pockets, a longtime local Berlin DJ known for his eclectic mixes, was perfect for this project.

This playlist moves from bluesy 60s rock into surf and tropicalia, picking up momentum into Motown and onwards through some laid back disco tunes. Perfect for the betabeer events betahaus hosts monthly!


Oh, there are just so many! Like the Imren Grill for instance where you can find the best homemade Turkish food or Das Gift and Gordon which are both run by great music people. Kohelenquelle in Prenzleuer Berg is my favorite local bar (or rather kneipe). To satisfy my  techno / electronic records needs I always go to Hard Wax and one of my most special places is the Zions Kirche steeple, which has an awesome view of the city and a great Weinerei close by. 

You can see me around betahaus. Online, you can always check out my website and listen to our public playlists on Spotify. We’re also currently working on a collaboration with betahaus, so a special Playlist curated by is will very soon sound around the spaces in Kreuzberg and Neukölln. 


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