Tagged: germany

Narrow Escape for German Real Estate Crowdfunding, Green Crowdinvesting Now in Legislator’s Crosshairs

    After multiple formal and informal discussions with representatives of the crowdfunding sector, consumer associations and the German financial establishment, the Financial Committee of the German Parliament has drawn its conclusions from the review of one year of operation under the German crowdfunding regulation,… Read More

Insurtech Report: Hype or the Next Fintech Frontier?

Oliver Wyman is out with a report on the emerging Insurtech sector. Oliver Wyman is a global management consultancy operating in 30 different countries. For this specific report, they partnered with Policen Direkt Group in Germany, an insurance technology firm. The authors believe that the… Read More

Fidor Hires Brad Whittfield as Global CFO

Fidor, a digital bank and Fintech solutions provider, has appointed Brad Whittfield as Global Chief Financial Officer. This is a newly created role within the Fidor Group and will be based in Dubai, UAE – Fidor Solutions’ central hub for its global expansion. Whittfield is… Read More

Bitcoin Lending Platform Bitbond Secures €5 Million Debt Commitment From Obotritia Capital

Just a few months after securing $1.2 million in equity capital to continue global expansion of its SME lending, Bitbond announced it received a €5 million debt commitment from German commercial real estate firm, Obotritia Capital. As previously reported, Bitbond received a regulatory license by German… Read More

Kreditech Receives €110 Million Investment from PayU in Largest Ever Investment in German Fintech

Kreditech, a Hamburg, Germany based Fintech company targeting the digital banking space, has received a €110 Million equity investment from PayU – a leading payments provider. The investment is the largest ever for a German Fintech firm. PayU has now acquired a significant minority stake in… Read More

Digital Marketer Ameria Returns to Companisto, Exceeds 500K€ on Second Crowdfund Raise

Ameria, a German technology company which develops digital marketing and sales solutions for companies including HARIBO, MediaSaturn and Porsche has synced with Companisto to raise 700€K. Valued at 22,500,000€, Ameria has raised over 518,190€ for 3.02% shared offered from more than 387 investors. The largest investment to date is… Read More

German Crowdfunding Association Urges Regulator Not to Exclude Real Estate from Crowdfunding Regulation

Since the beginning of this year, the German government has undertaken a review of the crowdinvesting regulation introduced in July 2015. It has now officially released its conclusions and is proposing several changes to the existing law, including a most controversial exclusion of real estate… Read More

Initial Token Offering: Leondrino Exchange Announces First Branded Currencies for Companies

Leondrino, described as a currency management as a service provider with a platform and marketplace for organizations to issue their own private currencies,  has announced the first “Initial Token Offerings” (ITOs). Two companies, Chargepartner Network and Leaf Systems, will be publicly issuing their own branded… Read More

Germany: Lawmakers Must Strengthen Market for Investment Crowdfunding

Jamal El Mallouki, CrowdDesk CEO and current Chair of the German Crowdfunding Association (Bundesverband Crowdfunding), wants to boost the German crowdfunding market and affiliated regulatory framework. To improve the crowdfunding ecosystem, El Mallouki and the Association have published three concrete proposals for policymakers to pursue. In… Read More

GLS Crowdfunds €300,000 for Wind Energy

The GLS crowd, the first crowdfund platform initiated by a bank, has successfully funded their second project since their platform launch on 1 February 2017. Dachsbach UG & Co. KG, a Bavarian wind farm, was able to collect their target of €300,000 in only 14 hours…. Read More

No Sour Grapes: Online Marketplace Raisin’s €3 Billion+ in Investments

Only three and a half years after its launch as WeltSparen in Germany, Raisin, the online marketplace for savings products, counts more than €3 billion in investments done on the platform. Raisin secured €60 million in several financing rounds from investors including Index Ventures, Ribbit Capital and Thrive Capital…. Read More

Kreditech Appoints Senior Global Bankers to Advisory Board

Online lender Kreditech has appointed two senior bankers to its advisory board. Former CEO of Vanquis Bank, Michael Lenora and CEO of OneSavings Bank, Andy Golding will now help provide guidance to the Hamburg-based Fintech tirm. Kreditech, a consumer lender and “Credit as a Service”… Read More

New Solar Crowdfunding Platform Ecoligo Launches Kenya Project

Berlin-based ecoligo, a crowdfunding startup for solar projects in emerging markets, has opened to investors today with an offer to back a 66 kWp solar installation for a flower farm in Thika, Kenya. ecoligo is seeking a total investment of €107,000 that will fund the… Read More

German Crowdfunding Association Sets Reporting Standards Above & Beyond Legal Requirements

In a move designed to firmly establish the credibility of the investment crowdfunding sector in Germany, the German Crowdfunding Association (Bundesverband Crowdfunding) announced that its 21 member platforms have adopted common, and quite stringent standards for reporting to investors. These definitely raise the bar for crowdfunding standards… Read More

German & Austrian SMEs Look to Online Lender Finnest to Finance Growth

Finnest, an SME or “Mittelstand spezialist,” is helping Austria-based Biogena to fund its expansion in Germany. Finnest is a new online lending platform that accepts both individual and institutional investors. Finnest allows investors the ability to lend money to smaller businesses in a rate-auction process. Investors… Read More

Credi2, Creator of Cashpresso, Receives €2 Million in Funding

Vienna-based Fintech firm cashpresso has raised €2 million in funding led by Reimann Investors and Deiter von Holtzbrinck. Existing investors Speedinvest, Hansi Hansmann and the Runtastic founders also participated in this funding round. Cashpresso is part of Credi2 GmbH. Along with Deutsche Handelsbank, cashpresso offers immediate credit of… Read More

Bitbond Raises $1.2 million to Fuel Global Expansion of SME Lending

Bitbond has raised $1.2 million in equity capital to help boost global expansion. The Berlin-based online lending platform has now raised total funding of $2.3 million. The funding round was led by mobilike founder Şekip Can Gökalp, plus several angels investors including, Fyber founders Janis Zech… Read More

Brief: BlackRock Enters Joint Venture with German Fintech Platform Youvestor

BlackRock (BLQA) has entered into a joint venture with Germany fintech robo-operator platform Youvestor, according to a press release. BlackRock is primarily aiming the venture to insurance agents, brokers and financial advisors,  distributing its products directly through Youvestor to both end-users and consultants. Mediators will enjoy complete customer and stock protection and obtain a… Read More

Big Ticket Borrowing: Midsized Companies Turn to Marketplace Lending at Lendix & Creditshelf

At the onset of the marketplace lending market, lending to businesses was equated with lending to small and very small businesses: businesses at the low end of the small and medium-size enterprise (SME) market who were borrowing on average under €100,000.  However, as the alternative lending… Read More

German Fintech Startup Tradico Receives €1 Million Investment From Former Deutsche Bank COO Henry Ritchotte

German fintech startup, Tradico, announced on Monday it received a €1 million investment from former COO and board member of Deutsche Bank, Henry Ritchotte. This investment comes just a few months after Tradico received a €2.5 million investment from Dieter von Holtzbrinck Ventures, Earlybird Venture Capital, and SpeedInvest. Speaking about… Read More