April 2026: DACH Capital Rotates — What It Means for Fintech

DACH venture capital is undergoing a structural rotation out of generic SaaS and toward defence, space, industrial AI, procurement, and tokenized finance. This episode maps the shift and what it means for fintech and payments founders.

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Why this matters for fintech: 'Tokenized finance' and payments infrastructure are explicitly part of the rotation — the fintech categories investors still back as generic SaaS falls out of favour.

In this episode, we cover:

• Why DACH capital is rotating out of generic SaaS
• Tokenized finance as an investable category
• Why Munich is overtaking Berlin in funding
• Why procurement budgets outweigh software narratives
• What the rotation means for fintech and payments

Related fintech episodes: Fintech and Finance Review 2025: AI Risk Bec · DACH October 2025 Deep Dive: AI Startups, Ve.

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