German startups achieve significant growth and international expansion
Zalion emerges as startup of the week with innovative AI-powered purchasing solutions. Snocks surpasses 100 million euros in annual revenue. Finperks introduces a new fintech infrastructure for employee benefits. Debtist continues its international expansion strategy.
Zalion, founded by five entrepreneurs in Heilbronn, has developed AI-powered purchasing agents that help businesses compare supplier offers and negotiate better deals. Snocks, the Mannheim-based socks and underwear retailer, has achieved a major milestone by reaching 100 million euros in revenue this year, not including seasonal Christmas sales. The company recently acquired two competitors and plans to invest 10 million euros in future acquisitions.
Finperks, launched by former Viafintech and Barzahlen founders, offers an infrastructure that converts gift cards into tax-free employee benefits for banks and HR platforms. Debtist, a Frankfurt-based fintech, is expanding internationally by entering the Swedish market following its Danish expansion.
Several venture capitalists from Point Nine Capital and other firms have been recognized on the Forbes Midas List Europe 2025. Other notable developments include Limehome securing 75 million euros and LI.FI raising 29 million euros. The STARTUPLAND Conference will take place on March 18, 2026.
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