Tagged: germany

December 5, 2019 @ 9:25 am By JD Alois  |  

Neufund, a Berlin-based investment platform, has successfully closed the offering of e-mobility company, Greyp Bikes raising €1.4 million. Greyp, an eBike creator and a spinoff from Rimac Automobili, launched the security token offering in September. Greyp claims to be the “future of mobility” and the… Read More

December 4, 2019 @ 8:58 pm By JD Alois  |  

“Banking partner for SMEs” Kapilendo is issuing its first blockchain-based digital bond. According to the Germany based crowdfunding platform, FR L’Osteria SE, a “gastronomy concept” is issuing a tokenized bond using blockchain tech. Kapilendo is a debt-based crowdfunding platform that caters to Mittelstand companies by… Read More

December 3, 2019 @ 8:03 am By Samantha Hurst  |  

Credorax, a fintech bank and smart payments provider, announced on Tuesday it has teamed up with Raisin to offer retail deposits to Raisin customers in Germany. Credorax reported that the partnership marks the launch of its first banking products in the region. “Through this partnership,… Read More

November 30, 2019 @ 12:16 pm By Omar Faridi  |  

Allianz X, the digital investment division of the Allianz Group (a German multinational financial services company), and insurance firm Debeka recently invested in Insurtech SDA SE Open Industry Solutions, an open platform for developing digital ecosystems. Allianz X and Debeka, along with current investors SIGNAL… Read More

November 21, 2019 @ 12:13 pm By JD Alois  |  

Fast-growing Fintech Raisin has integrated Naqoda’s tax engine solution. Raisin is a Fintech that provides access to higher interest savings accounts in multiple countries. Naqoda provides a multi-country software solution for the calculation and reporting of interest income tax and capital gains tax. Raisin states… Read More

November 18, 2019 @ 11:30 am By Omar Faridi  |  

South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA), has issued a warning against Karatbars International GmbH, a German company that has been promoting a digital currency, called KaratGold Coin, which is allegedly backed by gold. According to FSCA’s release: “Karatbars International GmbH is… Read More

November 14, 2019 @ 3:28 am By JD Alois  |  

SME online lender creditshelf says banks are becoming more skeptical about investing in small businesses in Germany. creditshelf claims that last year only every third company had problems with bank financing, now every second medium-sized company encounters resistance from its house bank. It has been… Read More

November 12, 2019 @ 11:00 pm By JD Alois  |  

Acatus, a Berlin-based Fintech, has raised €5.5 Million in a Series A funding round, according to the company. The funding was led by DIP Capital and the VC fund coparion. The existing investors and angels also participated in the round. Acatus claims to be the… Read More

November 7, 2019 @ 9:45 am By JD Alois  |  

German online lender Kreditech says the company is on track to “reach profitability in the near future,” as operating loss shrinks. Simultaneously, revenue and originations both declined. The Fintech claims significantly improved performance as a result of a new strategy that was implemented in 2018…. Read More

November 5, 2019 @ 5:11 am By JD Alois  |  

creditshelf Aktiengesellschaft, a Fintech providing access to capital for SMEs, is opening a physical branch in Munich. While many Fintechs are focusing on less real estate, creditshelf believes a localized office can help expand its services. Jan Stechele, Head of Product Management, Head of Business… Read More

November 4, 2019 @ 9:34 am By JD Alois  |  

Fundament Securities, the issuer of the first regulated Real Estate Security Token offer in Germany, will provide institutional-grade custody solution for its digital assets in a new partnership with DACS “Digital Asset Custody Solution” a digital asset lifecycle management business. Fundament Group is a Berlin-based end-to-end… Read More

November 1, 2019 @ 9:34 am By JD Alois  |  

The Association of German Banks (Bundesverband Deutscher Banken), the association that represents all of the private banks in Germany, is demanding a programmable digital Euro. A position paper published by the Association is advocating for the creation of a digital Euro in response to Facebook’s… Read More

October 31, 2019 @ 8:39 am By JD Alois  |  

The Fundament Group, a Germany based security token issuance platform, has announced a partnership with Tezos to develop regulated digital securities. Fundament also revealed that the Tezos Foundation has invested in the Fintech startup. Fundament’s vision is to provide institutional-grade financial products for all investors… Read More

October 24, 2019 @ 7:05 am By Omar Faridi  |  

Commerzbank, Deutsche Börse and MEAG, the asset manager of Munich Re and ERGO, are examining and assessing the scope of distributed ledger technology (DLT) in post-trade services.  The partners recently performed the settlement of a legally binding secondary market securities transaction through tokens. Frankfurt-based Commerzbank,… Read More

October 22, 2019 @ 8:01 am By Omar Faridi  |  

Payments processing firm Wirecard (WDI.DE) has commissioned an independent audit of its accounts by professional services firm KPMG. The audit is being performed to address questions related to allegations of improper accounting by Wirecard’s management.  The audit will commence immediately according to a statement by… Read More

October 22, 2019 @ 2:34 am By JD Alois  |  

creditshelf Aktiengesellschaft, a peer to peer lender providing financing options to German SMEs, says that more loans have been originated on its platform in the 9 months of 2019 than all of 2018. According to creditshelf, loan volume through the past 9 months stands at… Read More

October 18, 2019 @ 2:54 pm By Omar Faridi  |  

Nearly three-quarters, or 75%, of German consumers said they would not use Facebook’s controversial stablecoin Libra, according to a recent survey Out of 2000 Germans, aged 16 and over, that were questioned, only 27% said they might consider using Libra to conduct local or international… Read More

October 16, 2019 @ 10:36 pm By Cali Haan  |  

The latest Financial Times coverage is casting further doubt on the profitability and integrity of operations at the German payments giant Wirecard. (WDI.DE) Wirecard, for its part, has countered that FT journalists are engaging in collusion with short sellers to devalue the company. In response… Read More

October 14, 2019 @ 3:21 pm By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Friday it has launched a new installment payment plan for online shops in Germany. According to Wirecard, the new offering is available through its digital financial commerce platform, benefits both merchants and consumers thanks… Read More

October 9, 2019 @ 8:46 am By JD Alois  |  

Huge German real estate developer, Bauwens Group, has invested in security token issuance platform Fundament Group ostensibly with the intent of issuing digital assets backed by real estate. Details on the investment were not disclosed. Bauwans Group has an estimated €6.7 billion in managed project… Read More