Rise, a German company marketing a forthcoming initial coin offering (ICO) with a campaign featuring a “democratize prosperity” slogan and a video of a homeless man driving a Lamborghini, has had its “virtual IPO” (ICO) scuttled by Germany’s Federal Supervisory Authority (Bafin), Handelsblatt reports. The… Read More
Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it has partnered with German furniture retailer, Segmüller, to provide a mobile payment solution. Through the partnership, Segmüller now offers its customers the opportunity to pay invoices with their mobile devices or credit cards when they… Read More
Bafin, Germany’s securities regulator, has given the green light to Bitbond to issue digital bonds. Bitbond is an online lending platform that operates globally. In business since 2013, Bitbond provides access to capital for small businesses. The Fintech boasts a peer to peer lending network… Read More
Germany-based challenger bank N26 recently announced it has introduced premium N26 Black account in Denmark, Iceland, Liechtenstein, Norway, and Sweden. According to N26, N26 Black targets frequent travelers and it removes the “uncertainty” of exchange rates and transaction costs encountered through foreign travel and provides customers with free… Read More
Düsseldorf-based Fintech auxmoney has surpassed its targets in 2018. Loan volume increased by 74 percent compared to 2017. Raffael Johnen, Founder and CEO of auxmoney, commented: “While the major German banks are in crisis mode, the leading German fintechs are always setting new records. With… Read More
The Gibraltar Blockchain Exchange (GBX) has listed the Iconiq token “ICNQ” to its Digital Asset Exchange (GBX-DAX). Since the beginning of 2019, GBX-DAX has listed XRP, EOS, TRON, XLM, and now ICNQ. In 2018, GBX-DAX received a full “Distributed Ledger Technology (DLT) Licence” from the Gibraltar… Read More
The European Parliament Elections are looming in May – and so far, there is no progress in sight regarding the European Crowdfunding Service Provider Regime. It remains unclear whether the Romanian Finance Minister TEODOROVICI will make the conclusion of the negotiation process a priority. The… Read More
Five men and one woman have been arrested in Klingenthal, Germany and are charged with stealing 220 000 Euros ($249 843 USD) worth of electricity to run a cryptocurrency mine consisting of 49 computers housed in an industrial facility, Freie Presse reports. Officials reportedly detected… Read More
Raisin, an online marketplace for savings and investment products, has closed a Series D funding round raising $114 million. This brings total funding for the Fintech to $200 million. Raisin said that existing investors Index Ventures, PayPal, Ribbit Capital and Thrive Capital all participated in… Read More
The German digital insurance platform Friendsurance, which serves nearly 150,000 customers and works together with 175 insurance companies, now offers its digital bancassurance solutions under the new brand name Friendsurance Business. The expansion was made in response to the increased demand from banks and insurance… Read More
Falkensteiner Hotels & Resorts and Finnest have closed on an €8.5 million funding round – one of the largest ever for a crowd finance platform. Finnest GmbH, headquartered in Vienna, Austria, is a Fintech providing crowdfunding services in the DACH region as well as Slovakia and Croatia…. Read More
The co-founder of IOTA, Dominik Schiener has told Reuters that a majority of the 10 million Euros ($11.4 million USD) in IOTA crypto tokens that police believe was stolen by a lone hacker from Oxford, England, has been located, The 36-year-old accused hacker was arrested last… Read More
Boerse Stuttgart Group has officially launched their long-anticipated crypto asset trading platform: Bison. The regulated stock exchange has released an App after a year of development, available for both iOS and Android, to enable the trading of Bitcoin, Ethereum, Ripple, and Litecoin. This is a no-fee trading… Read More
We often hear that “code is law”. It means that all transactions happening on decentralized networks are final and immutable. It does not mean, however, that code derives from the law. The legal frameworks we operate within are not God-given. They are social agreements that… Read More
Neufund, a security token offering platform, completed its first issuance of digital securities in their parent company, Fifth Force GmbH, company last month. The purchased tokens will be minted for shareholders on February 12, if everything goes as planned. The equity token raised an equivalent of €3… Read More
Online lender creditshelf has shared the results of their “Financing Monitor 2019.” According to their research, Germany-based SMEs are feeling the consequences of international trade conflicts and questions. “Every second company reports that access to credit has deteriorated compared to the previous year.” creditshelf states… Read More
vanilla bean, claiming the title as “the world’s first packaging-free restaurant delivery service,” offers CO2-free, fair, and 100% vegan packaging. The Regensberg, Germany based company aims to help solve the problem of packaging waste: almost 50% of the plastic waste produced worldwide comes from packaging…. Read More
Temenos AG (SIX: TEMN), the Switzerland based banking software provider, has added Fintech Raisin to their Marketplace. Raisin is an online service that enables savers to earn the highest interest rate possible in a current account regardless of geography. Temenos provides banking software to more… Read More
creditshelf AG, a digital SME financing lender in Germany, announced on Tuesday it has appointed Dr. Gregor Heinrich as Chief Technology Officer. According to creditshelf, Dr. Gregor Heinrich has more than 10 years’ experience as a CTO, with most recently at Stonebranch, a mid-size provider of… Read More
Last week, it was picked up by Crunchbase that Wefunder, a Reg CF crowdfunding portal, has closed on a $1.7 million Series A funding round. Depending exactly how you measure it, Wefunder is a top portal providing access to capital for mainly smaller firms. Wefunder… Read More
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